Once again, when you talk about data coming out of china. Guy it seems like a familiar theme. But the aggregate is interesting here. The chinese inflation data and aggregate again just adding to this overall picture, the chinese economy is slowing. And as a result of which, maybe well see reaction. Cpi story, speculation the central bank would do more to stimulate the economy. There is ongoing weakness the factory gate deflation story. We have a chart that shows just how long we have been in negative territory, that the 2012 is as far as you have to go to find a positive number. 43 those are the months that we have seen it in negative territory. Guy that has an impact around the world. With weakcoincides growth, we have a chart here on bloomberg that shows the deflationary trend running around the weakening and Global Growth that we saw. Guy we have intelligence out overnight, a company is breaking estimates. We will bring yo that and have back and analysis in a couple of minutes. It l
Welcome, youre watching countdown. Chinese authorities have stepped up targeted stimulus to shore up growth in the worlds second biggest economy. Kong. Joins us from hong tentative, small steps the chinese are taking this morning to shore up little of the chinese economy, but it could paint a picture, couldnt it . We have a hong kong economy catching up from yesterday. Straight out we saw the Hong Kong Market, that rise really significant compared compared to what we have seen in the european and u. S. Sessions on thursday. Look at that, the Hong Kong Market is up 2. 7 . Hadfirst to report there been stimulus measures coming through from the chinese government, also as you mentioned, playing catch up to that big rally we had in the region yesterday when hong kong was closed. You can see galaxy is leading. Casino stocks are looking strong today. There is weakness for the former export company. Elsewhere we are seeing solid gain. That has helped to be benchmark today. Helps the benchmark
We have politics to think about. What a combination we have for you this morning. The canadian loonie is under a depression this morning. Anna there is the Prime Ministers decadelong ball. Markets are interpreting this as a little bit of a negative. It is trading a little bit lower this morning. People are nervous around the fiscal picture. Does this mean more deficit spending . A very challenged economy. Guy a different take from what we look for in europe. This is the chart i love, though. They were having such a good day. This is the db adr. Then, we got this. Mid little crater afternoon, in the adr session. What i want to know is, 6 billion arms up in your hedge fund, what are you going to do with it . Assuming you have it for 24 hours. Answers are all trending on twitter. Back to the market. So much is happening currently in equity markets. Lets go to david in hong kong. David a very good morning to you guys. I can tell you none of that 6 billion appeared in equity markets in asia
Lots of breaking news coming in, we will have numbers from daimler coming in. Let us deal with the swiss drugmaker roche. Thank you. Just a few numbers coming in at the moment. , theymonth sale number have raised the outlook. Rise in a sales concentrate grade if we look at pharma sales cynically, we are looking at billions of francs. We are seeing sales growth in the middigit single range, we are waiting for more of these headlines to come through. This is the swiss drugmaker of course that is actually the worlds biggest maker of cancer drugs trade i. It is really trying to count on new products to try and offset generic competition for some of its aging cancer blockbusters. We will see if more comes out, but right now ninemonth sales coming at 35. 5 billion francs. Anna later this morning we will be speaking to the roche ceo, the first interview of the day. Deliveringe action on targets. That is something you need to Pay Attention to. I would say the details in a moment. Also out with
Anna welcome to countdown. It is just now 6 00. , letsgen is a big story think about what is happening in the markets. That hasr index, but been doing since the Federal Reserve met, you can see it bounces up since the post fed fall from the dollar. We see it heading steadily upwards since last week. We have seen a number of hawkish comments coming through from the fmo say. Fmo see. Still on the table at the time when the Federal Reserve could increase Interest Rates . Janet yellen will be speaking later today, 10 00 london time. Anna lets talk about volkswagen. They are looking for a new chief executive after Martin Winterkorn step down. Stepped down. They will meet tomorrow to select his successor. Hans nichols is live on location at volkswagens headquarters. Said he did not know about the cheating, why did he leave . Transport the pressure the pressure was mounting. Among statements we had last night, most interesting is that volkswagen has pledged and referred this matter for crimin