Advantage of them. The issuance of costly promises is virtually limitless. Shery Central Banks release Meeting Minutes with important clues for investors, while Neel Kashkari shares inside insight on the fed stock proccess. Wall street overreacts to everything. They overreact to the upside, they overreact to the downside. Shery plus, the earnings drumbeat continues loud and strong. What is pleasing is all parts of the business are performing well. There is still a lot more work to be done, but we are pleased with where we are today. Shery it is all straight ahead on bloomberg best. Shery hello, and welcome. Im shery ahn. This is bloomberg best. Your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Markets were closed in the United States on monday, but there was plenty of drama elsewhere, as a euro group put forth a nominee for the vice presidency of the European Central bank. Nejra the euro group has nominated luis
Daybreak asia. It is after 8 a. M. Not a lot of guidance for asia given the fed left rates unchanged. No indication of where to go next. Investors are wondering what will come out from the white house. Fors interesting as we wait developments. In asia it seems like we are on the way for another event. We do have the fed out of the way. We are seeing one of the best januarys in years and the data, we talk about chen yet china manufacturing, the cpi for korea came out last hour was pretty good. Lets look at how things are working in the asian market. Tepid start fraser. N pick upe the ye slightly after seeing swings overnight. It did track closer to 114 in the wake of the fomc update. Looking still around the 113 handle and the aussie just around, below the . 76 level. E surplus is forecast to rise to a fiveyear high which could the aussie to that 76 and mark. The kiwi is falling although pa ring its earlier drop. Traders are saying this is coming on the back of a media cattle a breakout
, ruraloing the poor voters with a promise of tax cuts. Haveout 30 minutes, we china. Closing the gain for the Lunar New Year holiday. Also, coming on stream at the bottom of the hour. Kuala lumpur and taipei have started their session. Attempted start for asia and mixedx picture a picture across the region. We have what is going on from the economic data. On. A look at what is going we got a trade balance number this morning. We have shares rising for a second day in sydney. Givening up here Inflation Numbers that we saw this morning. We had glencore Trading Halted this morning pending of fullyear output report. Look. Take a high. An at a threeday most sincea rose the two any 12 2012. Lets take a look at the aussie as well. A bit of chart resistance going towards the 77 area. Not much reaction in the bond curve. P thispull of this u chart to show you the trade balance. You can see this in green on the far right of the screen. That is the surplus that we saw. Have of 25 economists proj
Cautious to neutral on the favorable riskreward. Cutting china to neutral. A quick word on taiwan, lower, but coming from that fourday s when it comes to semiconductors, and focus given to tech giants, strong earnings overnight. News aroundy, some this stock, shares snapping a thatay drop as we heard samsung is in talks with the Chinese Government to expand its mou may be and a signed this year. Rishaad thanks, sophie. Sophie kamaruddin there. First word news headlines, h aidi is in sydney for us. President trump witness the swearing in of Rex Tillerson as his secretary of state. Sawier, 5643 vote lawmakers split along party lines. Republicans supported the president s view that his background gives him the connection and skills needed to promote u. S. Interests abroad. A steadfast reminder to me as forter the responsibilities secretary of state, that as i served as president , i serve their interest and always represent the interests of all American People at all times. A spokesman fo
Trading day. Julie hyman has the latest from the states. Julie there is the latest. We are looking at the stocks fall again in the u. S. , not by much. We have a drift, what one trader described as listless movement in the market right now. We have push and pull from the earnings as well as anticipation for the job report tomorrow. Onyou look at the s p 500 the bloomberg, looking at the intraday charts going back for six sessions. We are down for five of the past six days, but because the movements have not been large on a daily basis over the six days, even though we are down five of six, only a decline of 9 10 of 1 . We are sideways, slightly down. And take a look at what is going on with the yields this morning, this has something to do with what is going on in the u. K. Integrate expectations being brought down, we have buying going down in the bond market. That is pushing this down by three basis point in putting pressure on financial state of the things are not down individually