Why it is in the best interest of shareholders. Let us get you up to speed with everything else. Caroline chinas foreign reserves have fallen to a near for your low. Four your low. Haspeoples bank of china tried to shore up the yuan. Through fiscal easing and structural reform. The Saudi Arabian oil minister says he has held successful talks with his venezuelan counterpart about ways to walk rate. He did not reveal steps producers should make to shore up prices. The door to opened parking a Ballistic Missile Defense System on north koreas door. It comes after north korea launched a longrange rocket over the weekend. The Denver Broncos have won super bowl 50. Von miller was named the games most valuable player as americans mostwatched sporting event, advertisers played paid hugely for their ad spots. 28 minutes to go until the European Equity markets open. Let me tell you how we think that open will turn out. Let me show you what we have. This is a fair value calculation. What is it tel
It is monday. The a warm welcome to program. China, big news over the weekend. The data for january and terms of Foreign Exchange reserves down by 99. 5 billion yuan. The Chinese Central Bank spending money to defend the currency. It was not as much of an outflow as feared. We have not even gotten into the year of the monkey yet. Manus it was not as bad as everybody thought. What we have is a little bit of a picture or our viewers in through this period 2014, 2015. Defending the yuan is the real story that comes through. We are seeing volatility rise. It is the Lunar New Year. We are seeing traders paying more premium for the u. S. The yuan to devalue going into this year. Janet yellen getting ready to speak. That is the big mark on the calendar. She speaks this week. Lets take a look at what has happened in the Foreign Exchange markets. The dollar got a bounce on friday. Holding onto those games on the dollar index. Above 97. Dollaryen, where are we at the moment . We are at 1204 on t
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