to confirm prices are cooling. but with inflation still stubbornly high, policy makers here as in many other developed countries are not done raising interest rates. let s show you how investors reacted to that latest data which should other than expected data out of the united states. there are hopes and out of the country might avert a recession. you can see all of the main industries during better and banking share is also led wall street to close higher. banking shares also led wall street to close higher on thursday that s after recent health check showed the largest us banks have enough capital to weather a severe economic slump. in other news this morning sporting goods giant nike has reported its latest earnings for the fourth quarter. revenue came in at $12.8 billion dollars slightly higher than expected. this means nike has beaten revenue estimates for seven straight quarters. salesjumped in both its largest market north america and in china, following the easing of
china s a comrie is already sputtering and japan is already under approving underperforming so a bit of support by the exchange rate is a good thing. the problem is the economic side effects of these kinds of things. inflation is rising, so a weaker currency means more important inflation through basically energy markets, food markets. then there is geopolitics. if the yen and yuan continue to grind lower, when does the us, when does the g7 step up and say, hey, stop this trend. when do politics begin to intervene into this trend, if you will, before authorities are initiated. the mobile game developer behind pokemon go is laying off one fifth of its workforce as part of a reorganisation. niantic s chief executive said the company is also narrowing its gaming and investment focus. as part of the reorganisation the firm will also stop work on two titles. niantic launched
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