You are welcome this monday morning. I am manus cranny. This is countdown. Lets get to one of the biggest market moves since 2005. The onshore yuan has moved significantly. ,e are on holiday for the week the chinese. They came back and looked at dollar weakness and they adjusted the yuan appropriately. By thejusted the yuan most since 2005. This is the hong kong valuation. Let me show you the actual onshore yuan. You have this quite dramatic move in terms of the onshore yuan. They moved in terms of adjusting the valuation back. This is about combining the information over the weekend, imports declining for the 15th month. The head of the pboc absent from comment for many weeks, dismissing the need to tighten, saying there is no incentive to depreciate the yuan. That is what this move has done. Lets show you markets in terms of what they are doing. All predicated on the view that you may well see the japanese do more. Mario draghi speaking today. It is the first back daily decline in no
Government leaders admit theyve lost control of eastern regions. Japanese consumers have cut down their spending since a consumption tax hike. Analysts are examining its impact on the nations economy. Chinese president xi jinping is calling for decisive actions against those behind an attack in a part of his country with a history of unrest. Armed assailants killed three people and wounded 79 others at a Railway Station in the western xinjiang uighur atono mouse region. Nhk World Reports from beijing. Security forces fanned out at a Railway Station in urumqi. The regional capital. They are investigating whats being called a terror attack. The staterun Xinhua News Agency says knife yielding mobs started slashing people at an exit. Then they set off explosives. Police havent announced any arrests. President xi jinping has just spent four days in the region where ethnic uighurs make up the majority. He stressed the need for tougher policing to deal with growing separatist unrest. He respo
Hello, youre watching todays edition of worldwide exchange. Im ross westgate. Im kelly evans. These are your headlines the mighty surge for the nikkei as they swoon on news that the governor will make an early exit, opening the door for more easing sooner. A rise in global steel demand thanks to shipments in china after a dismal year for the industry. Disney could be the happiest place on earth today. The media giant reports better than expected earnings, sees even brighter days ahead. New imminent privatization for ubs. The business secretary plays down talk of a government plan to sell shares in the stateowned banks. This as rbc confirms its liable to face libor penalties. All right. Lets bring you up to speed at the top of the program. We start with Global Equities and european equities in particular, weighted to the upside. 81. Advancers outpaced decliners at the moment. Footse 100, gauges today, this is where we stand. Up. 5 , xetera dax up a quarter. The ibex up. 4, trying to rec
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