Lets go straight to the markets. A boost. , were seeing the aussie dollar seeing a bit of a bump as well. Off of tokyo. A day after the doj kept policy unchanged. In korea, getting underway as well. Get those south korea february jobless rate coming in at a sixyear high. Four. 1 also higher than the estimates. Lets cross over to our Bloomberg News government reporter. Is there anything new here. Apple saying the Founding Fathers of the United States would be appalled by the government overreach and doubling down, reiterating that this is an Issue Congress should decide. An issue of policy, not one for the court. Yvonne apple saying the government is imposing and a precedented and offensive burden on the company. Apple says they have had the same Security Policies worldwide and has never worked with a government to create a backdoor to its iphones. Yvonne thank you so much. Tim higgins and joining us live from washington, d. C. Other news we are watching today. Tuesday couldnt have been
Say. She would have to Say Something fairly significant to see any sort of strong upside in the market in tomorrows session. We have sydney turning green. Up. 2 of 1 . We were a negative territory earlier. Those up a little bit of as crude prices continue to asian session. We do have some weakness coming from tokyo on account of the yen sitting at the one third handle. Shanghai has turned green now. About a quarter of 1 as the key clinical session wraps up in beijing. Out for the conference to see what the premier has to say about the reform. Overall rebalancing in the economy. We are seeing some downside in exports. 1 . By 7 10 of tameg a little bit of today after the bank of japan announcement yesterday. Today,g in parliament will not hesitate to end in all three forms should the economy desire it. They see room to add further into negative, maybe negative half percent. Watching players in china because we had comments coming through saying beijing has to do more to try to stabilize
Equities could return to last year, it would be a big statement. Anna we have the exclusive ,nterview with hugh hendry and why he is big on japan. Manus welcome to countdown. Anna welcome to the program everybody. It is just that 6 00 here in london. Manus, big on japan . The most moves we have seen, 2. 5 this morning. But really, that is just tying in with the global picture we have seen in equities. Hitting the highest level since december. Absoluted there is an sense of relief in the markets. 16 from the low, all predicated on whether you think that china has settled, and whether george soros is right china is looking like the u. S. In 2008. Let us break it down. We will kick off with the s p futures. We have a nice rally on the way, the s p Late Afternoon was not so bad. To 61 ternoon, back probability of a hike in rates in december. Anna yes, exactly. Oil price very much a price, Energy Stocks rising. Asian stocks rising, as the price little more stable after a decent rise. Barrel
2 and positive earnings from the likes of olympus. Two big ipos in the region, see icc in hong kong and the chili crab chain jumbo in singapore. Weakness and south korea. Diversions there. A disappointing trading day in china. What that says about the case for further stimulus. Doesntt xi jinping want to hartline naturally here but how much of the emphasis is now on the pto see . Economy arguably, the as far as a sustained heartland in rise we have seen many months of declining numbers. Take a look at these export numbers. Exports down 7 . That is more than twice the size and people were expecting. Looking at key markets, japan, declining asports much as 12 . We are expecting to get more people a dressing this but this is an issue of external demand. Lower Interest Rates are not going to help. Even when it comes to using companies rishaad thats the thing, the import sign which is reflective of perhaps weakening or slowing therter that is very much picture that it paints because we have
December looks likely. Most members are on board. Market expectation show investors look to move next month. Speaking yesterday, york that president said he is looking forward to the day the fed raises rates. Begin to raise Interest Rates. That is a good thing. That is a sign that the economy is returning to health. The Federal Reserve is getting closer to achieving our mandate. Francine for more, lets bring moretti. And lets bring in simon kennedy. Thank you for joining us. Simon, lets start off with you. Expectation for a rate hike hasnt increased for two days. When we heard was a hawkish fed what we heard yesterday was a hawkish fed. Samco simon they responded in the markets. The jobs market the jobs number you saw. Francine we had inflation. December, the in feds meet the cymer 16th. The reason it is not 100 , people wonder if the fed is going to do the right thing. Now they are talking about how a rate hike would still be a mistake. They also look back a few months blink backaw th