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As the us exchanges open here in new york. Lets cross live now to Shams Afzal, Managing Director at carnegie investment counsel. Of course, in the last hour, we had that adp data out. How are the markets reacting to this . I think this number, as well as tomorrows total data will probably not change the narrative that has been set already that the Jobs Market has softened quite a bit compared to a year ago. I think the more important data that came out earlier showed the number ofjobs available. If number of jobs available. If you number ofjobs available. If you went back to february 2023, there were almost two jobs open every Wedding Work out there, now that number has shrunk to every 1. 1 jobs to every willing work out there. They are finally getting these numbers so t ....
To the end of august. Im nowjoined by our North America Business correspondent ritika gupta. We are having some technical problems. Bearwith we are having some technical problems. Bear with us a second, hopefully well be able to get her to talk about these usjobs numbers because they have come in under expected and thatis have come in under expected and that is fuelling concerns about a recession as well. So the economic health of the us, which of the worlds largest economy is under some doubt at the moment. We are still having some problems there. Sorry about that, we had some technical issues. What does this tell us about the late market in the us . This tell us about the late market in the us . This was a Surrise Market in the us . This was a surprise to market in the us . This was a surprise to the market in the us . This was a surprise to the downside, market in ....
Will be achieved in a sustainable and stable way. Under these circumstances, we believe the large scale monetary easing measures have fulfilled their roles including the negative Interest Rate policy and the yield curve control. Live now to janet mui, head of Market Analysis at rbc brewin dolphin. Welcome to the programme. So japan now begins this journey to normalisation as the Bank Of Japan is saying. Is there a confidence that this rise to 0. 1 will actually deliver on the ains . That this rise to 0. 1 will actually deliver on the ains . Good morning, thanks for having deliver on the ains . Good morning, thanks for having me. Deliver on the ains . Good morning, thanks for having me. I deliver on the ains . Good morning, thanks for having me. I think deliver on the ains . Good morning, thanks for having me. I think the ....
A further rise in business investment. Private consumption fell on the quarter as consumers struggle with rising living costs and falling real wages. How do you think investors are going to respond to this news . The japanese economy is performing quite well. I dont think it will be a big market reaction. Simply because the indications for Monetary Policy are not clear cut. The bank ofjapan is already quite optimistic about the gdp growth, and what really matters for Monetary Policy is how global inflation is. Strong gdp growth, the margin, Rising Inflationary pressures. As we have seen in the past, it can turn around things injapan, so the wage growth really matters, how much it will ease Household Burden on the cost of living. In terms of the bank ofjapan ....