You had greeks being able to sell bonds for the first time a negative yields, so there is still search for demand in that negative yield world. Time now for global exchange. We bring you todays market moving news from all around the world. Current is in the is in the current is enda ant, anna edwards, and Kevin Cirilli. Reportedly, china is still open to a partial trade deal with the u. S. As long as no more tariffs are imposed. Enda currannt joins me from hong kong. Enda the fact that the hong kong delegation is still heading to washington speaks to the idea that china is in the market for some kind of agreement on the trade front. Colleagues in beijing are reporting today that china is willing to do more, perhaps step up its purchase of agricultural goods in the hope that at the y least, the u. S. Doesnt that the u. S. Withholds additional tariff increases. At the very least, it seems that there is some kind of play to get a partial agreement. Alix thank you very much. The National B
It is monday. The a warm welcome to program. China, big news over the weekend. The data for january and terms of Foreign Exchange reserves down by 99. 5 billion yuan. The Chinese Central Bank spending money to defend the currency. It was not as much of an outflow as feared. We have not even gotten into the year of the monkey yet. Manus it was not as bad as everybody thought. What we have is a little bit of a picture or our viewers in through this period 2014, 2015. Defending the yuan is the real story that comes through. We are seeing volatility rise. It is the Lunar New Year. We are seeing traders paying more premium for the u. S. The yuan to devalue going into this year. Janet yellen getting ready to speak. That is the big mark on the calendar. She speaks this week. Lets take a look at what has happened in the Foreign Exchange markets. The dollar got a bounce on friday. Holding onto those games on the dollar index. Above 97. Dollaryen, where are we at the moment . We are at 1204 on t
The biggest gainer is the qqq, the nasdaq etf. China with an aggressive move allowing more flexibility. It is soars today, as you would imagine, up more than 4 . Bob, its a good rally, but were not quite getting back what we lost on friday right . But if youre not confused about the action the last couple days i dont think youre paying attention. We are down 280 points on friday. At one point today we were almost on the verge of getting it all back. Put up that twoday chart. Were basically almost back to where we were. Lets not quibble. The point is whats going on . Why is this happening . Ive asked many traders this morning how to explain the last two days. No alternatives to stocks bob. Theres no reason they should have been down on friday. Chinas going to stimulate other people are saying bob, its an illusion. No matter what its true i think mand,is right, china has been sending some mixed signals recently. By the same time on friday they came out and banned margin financing, theyre
Allowed. Welcome. I am an edwards. I am manus cranny. I am mark barton. The ceo as died in a plane crash in moscow. With three crewmembers. It struck a snowplow on the runway. We are joined by terra line corn conan. Caroline yes. He was traveling frequently to russia. Despite the russian sanctions, he was one of the Rare International to attend the forum a few months ago. With attendees near moscow and the russian government had Foreign Investment. Represent 10 uld of the value. Here is what he said in june. We prefer to continue to develop our business to build a better understanding between countries. Hours ofe been so many time to develop relationships and destroying them because aere is something with understanding that we should stop all of our relations. Year, theythis to look for deal shale in siberia. He said that, back in july, the russian sanctions would not stop him from working on the massive project with the natural gas reserves. He said that europe could not leave live wi
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