Hina stepping up efforts to stabilize its markets through rhetoric by government officials and intervention. 15 much 19 Industry Groups socks 600 stoxx 600. Resources were higher earlier, they are lower now falling with the other commodities. Bloomberg commodities down to 19. 99. Three fallen. Big automated rally today. Volkswagen among them in germany up by 4 today. The first twoday again for since december 24. We had an Industry Group orecast an acceleration in chinese sales. Tuesday, betty, is our lucky day. Wont ask you what your lucky day s. I will have to make up one myself. The pound though declining to dollar st against the since june 2010. What is going on here, mark . Output fulling the most in almost three years. Warmer than usual water reducing nergy demand and manufacturing o output with a worst than forecast performance in november thelighting the weakness in Manufacturing Industry and fears e. U. A u. K. Exit from the which could result after the pcoming referendum and f
Almost 11 today decline. Every Industry Group is declining on the stoxx 600 today. Credit risk is increasing. The cost of insuring european corporate debt is rising. The market i tracked europes ex on Investment Grade surpassed 100 basis points for the First Time Since october 2013. That is psychologically important. Lets talk about some of the big individual movements. Ins is the big m a story the region. Look at the syngenta intraday share price. The swiss pesticide maker was up 7 . Now it is up 2. 7 . Kim china has tabled cam china has tabled speaking to Aaron Kirtchfeld in about 20 minutes times. Swatch. Shares are down 1 . They were down 5 earlier. Analysts questioning whether it can reach its sales goal for the year. We have bank of america and Merrill Lynch saying retailers have too many unsold watches in their inventory. Demand is weak as well. They are being heard by a slowdown in china. China is the biggest market for luxury watches. So switzerland very much the center. Betty
Be an increase risk. Lets go to sydney, paul allen is there. What sort of risks are these leaders talking about . Canadas finance minister summed it up neatly. He said that the search for return in a low yield environment is prompting investors to seek higher risk investments. There is a rare if there is a reappraisal, there could be considerable losses. The finance ministers and governors to debate whether to include in their communique, a warning for investors to be vigilant about taking risks. In the end, they left it out. The factor that has been leaked lets them have it each way. That they are concerned that the easy monetary conditions to produce excessive risktaking. If there is a rest and having too much stimulus, there is also a risk in withdrawing it. We have seen that with the capital outflows from emerging markets. There are suggestions that the outflow is going to harm the g20, and others that it is promoting Economic Growth. What about that . That is something that the tr
Issues of mutual concern. And, well take you behind the scenes of an opera production at one of kyotos most prestigious venues. Japans foreign minister and his chinese counterpart spoke on the sidelines of the u. N. General assembly. Couple yo kishida and wang yi moat has relations are strained between the two countries. The tension is strained over japans nationalization over a group of islands in the East China Sea and perception of history. Details of the talks have not been released. The ministers are believed to have discussed japans proposal to hold a summit in november. The leaders of both countries will attend an apec meeting in beijing. The Foreign Ministers are also expected to have discussed a plan to set up security hotline for emergencies at sea and in the air. Translator we were able to take enough time to exchange our views in a sincere and frank atmosphere. Kishida said nothing has been decided regarding the proposed summit. Chinas Foreign Ministry said wang had an info
Diversified up. Bhb. Ave rio tinto and thatave the key areas mining resource stocks are rising. The bestperforming markets in anymore because hong kong is up. Most of us are seeing gains. Japan is closed for the holiday today. You look at the chinese performers and you see them up. You can see the chart. Indeed, only three decliners. See the properties and the resources. Those are key. I will give you a final snapshot with the pie chart. As the hong kong real estate performance. You see the financials and the banks. You have real estate in hong kong and china of 3. 5 . 3. 5 . Not one is seeing a decline and all are seeing gains. Are. Op three, there they 3. 5 . Nd very much resource driven. Interested. Everyone is asking if this is the beginning of a wrought are easing cycle. Oader easing cycle. So many are saying that they expected a rate cut the end of the year and they are calling it a surprise rate cut. The big banks are saying that the central bank will probably act again with ano