Earnings from nvidia delivering on the Monetary Policy front. We saw how the fomc minutes came in more hawkish perhaps more than powell led on during his speech and that is bringing a resurgence in the dollar and putting pressure on asian currencies, particularly on the chinese yen. Pboc seems to be leaning in. They said that six at the weakest level since january, allowing declines. We see the korean won under pressure no thanks to the strengthen the dollar but it mostly held steady after the bok kept rates unchanged as expected. Yen has been moving up towards 156. 9 earlier the session, i want to highlight what we see in chinese equities, it declines on a day where other counterparts are gaining. There also concerns about geopolitical tensions. Hang seng leading declines dragging the index down. Csi three hundred, material stocks but as you say it is about nvidia and about how even though there was a high bar, it really delivered on what we hear from the ceo, it sounds like more is t
Held up by some as a model for post brexit britain, not in the eu but enjoying close trade ties. Well, the big issue today is a familiar one, money. The swiss are due to pay another billion francs, roughly a billion dollars, to the eus cohesion fund, which supports newer members in central and eastern europe. And heres Something Else familiar. The issues been on hold since february 2014, when the swiss narrowly voted in a referendum to bring back quotas for the number of eu workers they allow in. Not surprisingly, some see this as a test case for brexit. Can switzerland get the benefits of trade with the eu while keeping control of its borders . But notjean claude juncker. He calls it a swiss specific situation, and said last year that any deal reached with switzerland would not be a blueprint for the united kingdom. Heres our switzerland correspondent, imogen foulkes. With brussels wanting to get something from this meeting, the eu wa nts switzerla nd something from this meeting, the
Time Mitsubishi Materials is in the limelight for the wrong reasons. And for the markets today it will be quieter with it being the thanksgiving holiday break in the usa. Yet europe is open and training and as you can see the markets are all headed south. And we meet the man who revived an iconic brand, the Royal Enfield motorbike, as it returns to the uk for the First Time Since the 19505. We will find out what has driven that decision. And as Holiday Shopping 5eason driven that decision. And as Holiday Shopping season begins i5 driven that decision. And as Holiday Shopping season begins is your budget squeezed, are you planning on spending more or less orjust cutting back on christmas. Let us no, using our hashtag, bizlive. A very warm welcome to the programme. We live, this is business live. I think we have our technical problems 5orted now so lets begin in switzerland. European Commission President Jean Claude Juncker will be holding talks very soon with the government. About tryin
The inside track on britains productivity riddle and what the us feds latest minutes tell us about where the worlds biggest economy is heading with our economics correspondent, andrew walker. One factory in sweden has started burning unwanted clothes to make Clean Energy Instead of using oil and gas. And as black friday sees people grabbing bargains on new clothes, what do you do with your old ones . Let us know. Just use bbcbizlive. Hello and welcome to business live. Dont you say i should have burned that tie its the friday after thanksgiving and for millions of americans that means one thing shopping. Black friday has come to signal the start of the Christmas Shopping season with big discounts to tempt buyers. And, as with so much else, what started in the us, the worlds biggest economy, has spread rapidly around the world to become one the busiest times of the year for the Global Retail business. There have already been queues at us shopping centres. Altogether 164 Million People a
Power took another hit as Mitsubishi Materials admitted to falsifying data. They falsify data on goods that may have been delivered to do under 50 customers. Shares plunged the most in 18 months. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Lets take a look at the markets where hong kong and china are currently closed for lunch. In the morning session, hong kong hang seng showing up the market consternation in china. Back in half an hour. This is bloomberg. Welcome to best of Bloomberg Markets middle east. The major stories driving headlines, the corruption crackdown continued to superriche, saudis stashed their cash, just in case, even if they had not been implicated in wrongdoing. E calls time on his 37 year rule. And Global Equities hit record highs yet again. But does the sale of the da vinci for forgery 50 million paint a picture of the market over exuberance . We hear from one Senior Analyst who thin