Manus welcome to i am manus cranny. Welcome to the pulse. I am manus cranny. The story of day from the asia. The president of toshiba along with two other executives, their resignation and their formal News Conference and this was a 1. 2 billion scandal restating their earnings over the past six years, unrealistic led to what is a systemic flawed accounting process, challenging the culture within japan. Probably one of the single most important issues that will be addressed here which is so much power for people as of the top and no way for anybody to really challenge the toshiba accounting methods. Everything from Nuclear Reactors and ships. A is now falling on hisao tanaka the president. If we have any headlines, we will bring them to you. Our top story and that is commodities. Bloomberg commodities index dropped to a 13 year low yesterday. Right . Ryan you have to go back to 2002 to see Commodity Prices where they are now. A fiveyear low. 2012 when we had the darkest days of the eur
The centralbank prepares for its last super thursday ahead of the referendum. We will bring you full coverage, live on bloomberg. So we are 28 minutes away from the start of the european trading. It looks likely will see a mildly negative start to the day. Let me show you whats happening. This is the picture at the moment; you need to focus on his missed price column. London looks like it will be down around 3 10 of 1 . Continental markets looking firmer. I would say probably that points to a flat story at the getgo. Caroline yeah. Lets have a look at the asset checks we have on. I want to draw into what has been happening on the oil side, and what has been happening largely on the japanese trading front. Keep an eye on oil. There was a surprise reduction in inventories in the united states; we saw it down to its lowest in september, 2014. Clearly a bounce in oil has been driving it, some japanese bonds to keep a close eye on. Im interested by the fact that 30 year japanese debt sales
Than what the Union Laborers are requesting. Nissan says they expect to pay the highest average monthly rate with ¥5,000 a month. A little change. We saw the stocks rise in japan. We expect to hear from the governor in less than half an hour. Manus lets talk about the composite. It is a 72 gain in the past 12 months. Is this a reserve requirement drop or more stimulus . Yvonne we are talking about a huge rally that we are seeing. We are talking about these signups seeing the highest since before the financial crisis. The highest level as we mentioned. Airlines and Utility Companies jumped. Investors seemed to be betting on the stimulus in the hope of the economy. We talked about how the pboc is ready to step in and thread the needle of reform, if they need to and they see the economy slow down. Some strategists say this means there is a bottomline that is strong right now. China will step in and make sure the 7 growth target is reached and will not go any lower. Manus thank you for th
What if caring about where you invest could make you more money? That could potentially be the case for those who back impact investing, fund manager Tim Crockford explains why.