5 00 a. M. In london. Vomiting of im yousef. Tracy and im tracy alloway. Yousef we saw that record again in the yuan. Here are the numbers as they came in. The line and white, that is your expectation. Re in was in mind, 3 trillion the key level we were looking at. That is your line in red there. Anything below that would have led to more capital outflows, and the consensus was policymakers would move to make go below they did not that redline. Also highlighted in blue, that is your spread between onshore and offshore, which again, as you can see, take a look at that pop we saw last week. That, of course, is the focus on the Global Investment themes we discussed. Tracy i love this choice, because some a yousef, so far this year the chinese money markets have been then the story have been the story of 2017. Yousef were looking at the u. S. Economic data. Talk us through the u. S. Close, the market reaction. Tracy sure. We saw some fireworks friday. We have that jobs report. That propell
Sydney. It is 8 00 a. M. Across emirates. This is Bloomberg Markets middle east. I am shery ahn in hong kong. We are seeing a bunch of risk diversion. A look at the gmm goal function. The japanese yen is strengthening. Up 3 10 of 1 , that is pulling down the equity markets in japan as the nikkei is below the 19,000 threshold. One market that is firmly in the positive, indonesian now at a record high. Is losingkorean won ground. Gaining 2 10 of 1 . When it comes to the sovereign debt market in asia, they are rounding the yield one eighth a basis point. Decision coming up with will be discussing that. A consensus of a hold on one and a half percent with our guest, coming up next. Big story hasher been a downgrade that south africa faced. Ast came late in the evening south africa and uae time. That really knocked around the shoulders. South africa you losing its Investment Grade and now ratingy facing another downgrade. It tells the story of what has been happening with the South African
Policy politeness. Draghi holds the door open for yellen. Will she stepped through . Through . He stepped weve got the fed on wednesday. His is a bloomberg report the boj on more Japanese Equities than the worlds biggest asset managers. We asked what is left on the Shopping List . Good morning hans. We have a big week it comes to the central bank story. Politics fascinating and germany. , obamathese leaders corralling everybody in the same room. What are they going to be talking about . Hans theyre going to be talking about the middle east, syria. More the industry side of things, the economic side of things, they are talking past voters. It is remarkable to me when obama and merkel, they are talking free trade and yet very few german politicians are willing to publicly say this is going to get done. Everybody is playing defense on trade ahead of these waning hours of the obama presidency. That is the challenge moving forward. Guy it is going to be interesting to see what the subject a
7 00 if youre watching in amsterdam. Get to the phillips breaking numbers. , 374 quarter adjusted million euros. They are saying that the lighting separation process is well on track and that is a key topic of conversation. They are trying to exit the lighting business. Whether that is an ipo or a sale. How well is the medical equipment part of the business doing as they are trying to suffer out the lighting separate out the lighting part . They are looking to streamline their costs, adding on Servicing Agreements and incorporating more technology into their health care products. They have hired banks to prepare for this possible ipo of the liking business. We will speak to the chairman and ceo at ex 40 this morning on countdown. Just for a little bit of comparison, that revenue number looks to be ahead of estimates. That is the Early Morning earnings season that started monday. Over in asia, a conversation a combination of oil prices and a strengthening yen. Lets put that in a little
Government institutions but is connected and responsive to the every day concerns of our people. Theres no doubt that how a united europe works together can be improved. But look around the world at authoritarian governments and those that are ruled by fear and oppression. And there is no doubt that democracy is the most just and effective form of government ever created. [ applause ] and when i talk about democracy, i dont just mean elections. Because there are a number of countries where people get 70 , 80 of the vote but they control all the media. And the judiciary and Civil Society organizations and you have to be registered and are intimidated. I mean real democracy, the source we see here in europe and in the United States. So we have to be individuvigilae pillars of democracy. Not just elections but the rule of law as fair elections, a free press, vibrant Civil Societies where citizens can work for change. And we should be suspicious of those who claim to have interests of euro