to confirm prices are cooling. but with inflation still stubbornly high, policy makers here as in many other developed countries are not done raising interest rates. let s show you how investors reacted to that latest data which should other than expected data out of the united states. there are hopes and out of the country might avert a recession. you can see all of the main industries during better and banking share is also led wall street to close higher. banking shares also led wall street to close higher on thursday that s after recent health check showed the largest us banks have enough capital to weather a severe economic slump. in other news this morning sporting goods giant nike has reported its latest earnings for the fourth quarter. revenue came in at $12.8 billion dollars slightly higher than expected. this means nike has beaten revenue estimates for seven straight quarters. salesjumped in both its largest market north america and in china, following the easing of
focus continually going forward- focus continually going forward. , , ., ., focus continually going forward. ,, ., ., ., , forward. in less than two hours we will get forward. in less than two hours we will get that forward. in less than two hours we will get that latest - we will get that latest manufacturing data from china and we will have more analysis on asian business reports are due dates stay tuned for that. well, that slew of soft economic data has also hit china s currency the renmenbi. beijing recently took action against the sliding currency for the first in almost eight months. with state banks putting a floor under the yuan. the value of the yuan in china is tightly controlled by the government. but it s not the only country in asia that s seeing its currency slide the japanese yen too, is weakening. and investors are watching to see if authorities there will intervene. william pesek is a columnist and author focusing on economics in asia joined us earlier. he exp