Index, just marginally down. The real story has been the bounceback after last weeks fall for bitcoin, approaching record highs. 19,595. 1. 1 to the upside. Drivings within opec that crude oil price down. Lets look at what is going on in the emerging market context. Asian markets are bouncing back nicely after yesterdays big move to the downside. What has been responsible for this change in mood . , onethink first of all should partly see yesterdays price action as an anomaly. I think the Way Investors are now returning to the positive things like easy fed policy, Global Economic recovery, which was confirmed by asian pmis and the index that just came out, and optimism about vaccines. Juliette and your team has written a piece on the e. M. Currency outlook for 2021. It reads quite positively. What is the basis for all that optimism . Maybe there are three reasons. First, valuation. We believe that emfx is undervalued and conditions should be conducive to pushing them into overvalued te
It will slowly lift throughout the day and others will get some sun and clouds but 40s and 50s, very mild air mass in place. Cloudy drizzle throughout the day. Rain returns late saturday into sunday. Low 60s including san jose is 61. We are starting in the east bay steve but we are going to try to touch all the commutes. The each bay commute has a little bit of a delay here. You will also see some slow traffic on the east shore freeway. 33 minutes better than yesterday at this time getting out to the bay bridge is backed up for a little bit. Coming up we will touch on the san jose and the south bay commute. Now it is 7 02 pellets go back to the desk been we are working on a couple of developings story. One is in east san jose. Thats where a rescue operation is wrapping up after car ran off the road and into a creek this is the scene on clayton road. It took rescue teams about two hours to bring the driver back up the slope. Based on how far he went out mail slide, for him to be awake a