This is countdown to live from london. It is just after 6 00 here in london. We knew that today was good to be all about Central Banks. We thought we would focus more on the ecb. Turns out, we have surprise out of new zealand. The surprise rate cuts from the new zealand bank, what did to the Government Bond twoyear yields, currency falling as a result of the surprising move. Thethe central bank cites Global Economy for doing this, further easing may be needed to meet weakness in the economy. It is ecb day, and we have people focused even more so on that scene. Let us check in on the radar. One central banker decided not to give further stimulus to markets, it was the south korean central bank. The south korean currency is increasing after the bank of korea gave no change to its Interest Rates, against all 31 major peers this morning. At this in on oil prices, at 38. 21 on nymex. But that was after some real strength yesterday, the wdi up by 4. 9 in yesterdays session in new york. And b
9, 2009. Alix i have no idea. Florida on a beach on vacation. I remember watching tv. Scarlet eight of 10 groups finished higher with Energy Leading the advance. The laggard was telecom. A quiet day, kind of like yesterday. At one point, we were higher and we eked out a decent gain. Chesapeake was the best performer in the s p. Chesapeake is weighing the sale of some of its assets. Its where a lot of people are going for undiscovered shale, selling assets to pay for debt. It is a positive for the stock. Joe something i have had my eye on is that wild japanese market. A yield on a 20 year bond jumping up its off a really low level. It shows how wild the market has become. Is it supposed to be that volatile . Scarlet speaking of low borrowing costs a surprise out of new zealand the key we getting crushed after the new zealand bank unexpectedly cut Interest Rates. The reason is it was concerned by a drop in expectations. Speaking of commonwealth countries, the loonie climbed to a sevenmon
It is six blocks here in london. The slight tangentially to that, we have had news overnight on australian jobs. The biggest monthly back to back jobs gain we have seen almost 28 years. You have to go back to 1988 to find a period as strong for the australian economy. That pushed the Australian Dollar a bit higher overnight. Some people questioning the data, of course. 71,400 jobs were created, economists forecast a drop of just 10,000. Manus this is the dollar rand trading, if youre on holiday or getting on the plane, you will have a river. It is at a record low, certainly not for good reason. He fired his finance minister. Story says it takes the country one step closer to junk. The rand, at one juncture and training, in a spokesman that back. Easy the biggest declin since theince 2011, and forecast is is the slowest rates in 2000 hundred the dollarrand, one of the conversations we have here today. Anna we are getting investor updates from glencore. This is one of the Mining Companie
Playing at the semifinals. This was on her request for the calendar year grand slam. Only one year left to go. There was a lot of excitement last night. Much of it happened off the court. Although what happened on the court was good too. Check that out. Jimmy fallon and Justin Timberlake watching federer play. First the market news of the morning. The u. S. Equity futures. Yesterday it was a huge sell off. It was a decline of over 400 points. From the highs to the lows of the day. The dows closing at the lows. Things are already turning up. Nasdaq up by 49. We also have a news maker for you this morning. David tepper is going to be joining us for a squawk box exclusive. This is the guy that called for the federally. The fed put. Were going to see what he thinks right now a week before the fed makes his next decision coming up at 8 00 a. M. Eastern time. Lets tell you about the other big stories were watching this morning. Economic worries coming from asia. Japans machinery orders falli
Hello. Welcome to countdown. Im mark barton. Im anna edwards. Im manus cranny. Coming up, the new head of luxury of a watch business. 6 00 in london. Lets get straight to breaking news. They are saying the net loss is forecast at 170 billion yen. The focus goes to the forecast the company is making for the full year. It has been reduced to 170 bil lion yen. Things moving in the right focus there. A lot of focus also on how the image sensors business has been performing. Those are the headlines coming out of sony. Give us some details. Good to see you. Hi, anna. The net loss forecast narrowing. 170 billion yen. Actually beating analyst asked miss estimates. Analysts have been pretty optimistic about sony this time around. Analysts recommendations are putting the stock at this is just a preliminary outlook for sony. Theyre counting system was disrupted at the company some studio. There is key data like smartphone tvs that people have been waiting for come especially the smartphone busine