Welcome to countdown, i am guy johnson. Lets tell you what you need to know about what is happening in those markets out there. This mondayen up morning . How do we figured out from here . Us . E does the story take at the moment, we have another negative application of the 1. 5 we dropped friday in the u. S. We are down, not by much. We have a slight negative ditch. That is the u. S. Close. I want to highlight some things for you. Let me show you this chart. This is the hero dollar. Goldman sachs has an interesting call. That is likely to add a little bit of down trajectory to the eurodollar rate. Up to . 10 could be coming off. Watch out for that one today. The other thing i want to highlight as well today is to watch out for vw. How much pressure will this emissions scandal added to the vw stock . It was falling friday. What i continue monday morning . What isets talk about happening in asia and find out what the market up take is from there. We have a bunch of things happening. It
The slowdown in china continues. The shanghai composite down 1 . It started the day higher, now reversing course, lower by about 1 in the session. Gains in australia. The asx 200 up by 1 2 of 1 . The topix moving as well. The Singapore Strait times index is down by 1 3 of 1 . A lot of movement in the telecom space. And some of the tech names moving. Pioneer is up nearly 4 . 5. 4 . Ta, technology is a theme in the markets. As you look at the hang seng in hong kong, lenovo one of the big movers in the session. Tech defying the overall trend in the market today, which is wait and see. We wait for the fed and the bank of japan tomorrow. Shery Chinese Companies are building up debt at the fastest pace in three years as it gets harder for them to finance growth. With efforts to rebalance the chinese economy, right . Exactly. For the nonfinancial chinese corporations in the past 12 months, a record high. Thats the size of the economy of indonesia. That is despite li keqiangs efforts shery how
Down as much as . 10. 9 weakening . Because of more quantitative easing, we may not even finish until may 2017. Have bnpy agree, we paribas calling for parity. We could see further weakening. Copper having a little bit of a reprieve. Lets have a look on what is an m a deal cooling down as much as a percent. London, Zurich Insurance having problems with its own general back ofe unit on the issues of that port explosion in china. U. S. Auto exposure down 3 and rsa say they will not be buying it for more than 5 billion pounds. I wish i could give you volkswagens numbers. It could fall as much as 10 , it is all about admitting ditch eking on u. S. Air pollution tests for years. Where does that leave the chief executive . Volkswagen could be down as much as 10 . Will bring that stock open when it opens. Lets get your asia market wrap with zeb eckert in hong kong. Zeb another down day in the asiapacific. Look at the boards following on that 1 decline on wall street as investors interpret the
Johnson to read the biggest news fed left Interest Rates on hold. Janet yellen pointing to the fact that the international fedy may be something the needs to think about. Here is our report from the News Conference last night. Reporter fed officials were reluctant to end the time of while policymakers say none of this has significantly affected the economy, they cannot be sure they will not. Abroadlen the outlook appears to have become more uncertain and concerns about growth in china and other economies have led to noticeable volatility. Michael she says she and her colleagues would be reassured if unemployment continues to fall, suggesting the economy is using up slack. Ee the jobless rate at 4. 8 next year. They also see inflation rising at a slower pace. Shows a slower, shallower path of tightening. Just one move this year. A maximum of four by next year. What yellen could not explain well is, given the inflation outlook, why move at all. Ms. Yellen i would like to underscore the a
Stockton reports an increase in profits, but says thousands of jobs will go. There will be cut. It is too early to show that. Do you think it would be more in the range of hundreds or thousands . I would say more like a thousand. Guy welcome to countdown. And im anna it is just past 6 00 here in london. Mark carney is here later on in the press conference. Everyone waiting to see if he will change Market Expectations for where rates are in the u. K. And when they will get hikes. Anna 1 or 2 . That is how i like to phrase it. Are loudas if there voices saying there could be more, maybe another joining the ranks of those trying to get an Interest Rate hike. More broadly, it is clues. Guy i think it is 1 . I think the fed story is getting more interesting. I think will feedback into what is happening with the bank. Janet yellen really making it clear that that december hike is still very much on the card. Cards. The markets are alive to that risk. This is how they said that have shifted o