An inefficient flow of credit has been through these major issues, plaguing policymakers, but i could see a turning point. But we got yesterday late in the bothnoon was a bit on fronts when it comes to gdp coming in for china. Fourthquarter gdp beating expectations at 6. 8 on year. That was the first full year acceleration since 2010. On a nominal level, it looks more impressive. To go look at this chart. This is more impressive in terms of the this is more important in terms of the sustainability, which it has been driving the growth we have seen over the past 10 years for china. Heres the chart on your bloomberg. And whathe impulse, you are seeing is the amount of new credit needed to generate each dollar of output. . 28 int it just shy of 2017 falling from . 30 in 2016. Morgan stanley congress a turning point when it comes to credit efficiency. China has cycle for peaked and jpmorgan saying that inefficient credit allocations has started to bottom out, a little good news when it com
24 on steel imports from all countries. Isnas Commerce Department beijing will take the necessary measures to protect its own rights. Noble group says it is confident that rebuilding its business and asia despite flagging a fourthquarter net loss of up to 1. 93 billion. They are restructuring talks with stakeholders have been productive per chair holders have criticized a deal announced last month to restructure 3. 5 billion worth of debt. Indias ceo bank says it has exposure of about 412 million to a fraud against a bank in a case linked to a billionaire. Three people have been arrested over the alleged 2 million scam, including two employees of pnb. They are accused of using fake pnb guarantees to fraudulent lee obtain loans. Bankers are said to be at risk of losses. Bridgestones sale as the tokyo opened after it missed estimates per guidance released after the friday close for operating income of 3. 5 billion. About 4. 5 below the average it was based on a Dollar Yen Exchange rate o
I am anna edwards. Lets get you the latest on what is happening with the greek story. Lets show you what has been happening on the euro. This is the euro against the dollar. We have seen the rhetoric continuing on both sides. Mario draghi says ball is in greece escort. The finance ministers are planning a Conference Call today ahead of that meeting on thursday. That is something to watch out for. That was surrounding a story in germany that suggested the eurozone ministers are getting closer to coming up with some sort of emergency plan for any grexit situation. As you can see the euro bounced and we are at the 112 mark. That takes us to our twitter question. In terms of following the great twitter story, who should make the next move to resolve the greek crisis . Lets recap the u. S. Markets. European markets were week as a result of the greek news flow and that fit into the u. S. Session. We had manufacturing data out of the u. S. Which missed estimates. We had two days of fed meetin
Kospi in south korea was up by 1 1 3 shanghai index ended slightly higher as well this morning in europe in some of the early trading weve already seen, again, the green arrows continue there, too the dax is up by over half a percentage point the cac in france up by 4 ftse is up by. 3 of a percent. Check out crude oil prices which were up sharply last week. We saw oil close above 50 for the first time in over a month a gain of 2. 50 over the course of the week. This morning down by 2 cents to 49. 87 currency, dollar was also stronger after coming under pressure in recent months but the dollar index was stronger. Dollar down against the euro at 119. 5. Up against the yen, 111. 29. Record night of emmy awards. Handmaids tale. Took home the top prize. The cast of veep took home the best comedy. Saturday night live came out on top it won nine awards hbo won the most awards of any network. Big little lies helped secure that record. Hbo held off netflix yet again winning 29 total emmys compa
Rand is lower. By all be joined representative of Goldman Sachs. Matt very interesting effect on the currency. Lets take a look at the effect on futures. Donald trumps warning for north korea had down across the board and these are more substantial moves in futures and we have an seeing of late. Cech futures down. 8 of 1 , euro 1 . Ks teachers down. 6 of we have not seen moves this big in a while. Nd yieldso see bu coming down. Investors are looking for the safety of government dead across the globe. You see that playing out in germany as well, bund yields. 46 . O we have been stuck in a tight range in the last month and a half, just a half of a percent of the yield. We were looking at yields of the court percent. That is the range that bunds have been stuck in, difficult to get out. Guy it will be interesting to see if the low volatility environment starts to crack and the vix is showing record short when it comes to that contract. We are seeing markets breaking lower in equities. Jap