Facing. Really reminiscent of that merce outbreak in 2015. We saw that 10 billion extra stimulus package back then. Because of this, we are seeing the markets under pressure, but one exchange that im watching is small caps in china. Actually at the highest level since october 2016. We have seen those pboc Monetary Policy measures. Not to mention more news that china could be taking over a hardhit industry. Lets get a broader check of the markets with Sarah Ponczek. Pretty much Everything Else is now trading in the green as the trading session does progress. We have seen markets turn lower under further pressure. 0. 2 but still on track for its best week since june. The hang seng now down 1 . Many times this week we have seen the benchmark approach 50 day moving average, but we have seen it fail as we have seen today. The nikkei roughly flat, but modestly lower. After trading as high as a half percent early on. Then we see the south korean kospi and underperform her across the region on
Pricing in less than a 50 chance of a cut and fewer cuts for the year as well. Looking at where we are for the asia thing index, extending gains to about. 5 . Xaomi jumping on early signs of success for its ev. It received 90,000 orders within the first 24 hours. In china, no momentum after it rose the most in about a month on monday. Two sets of data suggesting his recovery. Currently, the csi index down. 2 . Speaking of china, it is about the yuan. Versus the usd, weakening ever so slowly, which we are keeping a watch on. We had weakness persisting despite yet another strong fixed by the pboc and speaking of currencies, the yen on watch as well weakening towards 152 versus the usd. The finance minister tried talking about, but nothing we have not heard before. Speaking of japan, japanese officials were ramping up warnings against speculative moves in the yen. Lets discuss prospects for intervention with our guest this hour who is synonymous with imaging and Frontier Markets investing
Vladimir putin had his first state to state visit since the beginning of the ukraine conflict. Matteo renzi met with putin. Putin said the two agreed on ukraine. We were of one mind that the conflicting parties must strictly comply with the agreements reached in minsk on the 12th of february. I am certain that this opens the possibility for a comprehensive settlement and from watching a direct dialogue between kiev donetsk, and luhansk. Olivia the ceasefire agreement has been holding in recent days. The big banks all past their stress tests. All 31 banks have enough capital to survive a financial crisis. It is the First Time Since the stress tests were launched in 2009 that every firm has passed. Goldman sachs barely made the cut. Goldman will not be a low to match the dividends and share buybacks it rewarded investors with last year. A fraud involving apple pay. Criminals have been typing stolen credit card numbers into apple pay and trying to make purchases. Banks require users to kn
Nations to say theyll join beijing despite u. S. Warnings. Good morning youre watching Worldwide Exchange. The Business Confident rising to 103. 7 versus consensus 99. 8 and better than expected. This is a rise in all fronts. The march overall Business Confidence index rising to 103. Consumer confidence that index has risen to 110. Back in line with expectations and this is versus february of 107 rises in the month of february. Lets have a look how the euro dollar is trading this morning. A little bit much pressure as a result of the uncertainty around the greek story. Euro dollar changing hands at 108. 30. Were down by a half of 1 . The story has been the strengthening of the euro over the past couple of days. Its come off the highs. It did reach 110 last week it was a twoweek high against the dollar. Take a step back and look at the euro it lost about 20 some analysts say. A big boost for export growth here. Absolutely. A lot of question marks. And our guest later on in the show davi
This is todays Worldwide Exchange. Im ross westgate. And im kelly evans. These are your headlines from around the world. Euro trade ahead of the ecb Rate Decision with the central bank not expected to move. Theres a new man in town. The next bank of England Governor Mark carney faces lawmaker easy here in the uk with investigators keen to get his read on the outlook of the economy. New money below expectations, although the stock is trading higher. And the falling yen helping to keep sony in the game. The playstationmaker plans to stay in the game. Youre watching Worldwide Exchange, bringing you Business News from around the globe. All right. Welcome to todays program. Weve got extended programming today because of the bank of england and ecb rates. Its not the Worldwide Exchange program are you involved, still . Youve got a long day ahead. If you like your Business News if you like your central bank meeting, which come on. And here is the thing. I was talking about it earlier in the w