Testing kits that could be coming to the u. S. And potentially could stop the spread of the virus. China pmi is driving the charge here today in asia, that beat on manufacturing and nonmanufacturing. We will see if the vshaped recovery can actually sustain itself. Money coming out of the yen, the british pound and the euro as well. Wti brent as well taking a breather here today after falling to an 18 year low. Chinas Manufacturing Activity rebounded strongly in march, signaling the economy is demand. Ng amid external tom, what are the Key Takeaways . Of readings much higher than estimates, and smashing the numbers we got in february. Record lows for manufacturing back in february. Compared tombers when it comes to manufacturing pmi, one of the major components has rebounded. That is something to bear in mind. When it comes to the export oriented components, contractions in terms of things like new export orders. We can talk about the additional pressures more in terms of Global Economy
We are drifting slightly higher. Dollar seems to be a little bit stronger on the back of asia fx. Continuing to price larger when it comes to sovereign yield. You look at the two, the five, the 10 and the 30 and where they have gone. It suggests that markets have been pairing back what many people have said a little bit more extreme expectations of the fed. Are they going to cut 50 basis points and will it make sense . This is where we are on the two and the 10 and sterling is under pressure. Yvonne twoyear low under the pound here after weak data when comes to retail sales and Boris Johnson on the nodeal brexit. We saw yields pick up after the inflation data. Take a look at the terminal chart. P. T. I. Prices were flat, zero and c. C. I. Prices basically unchanged at 2. 7 is what we saw as well. Continuing to show how deflation is coming back to china. A lot of headwinds here on what the factories are going to do here and how he is going to see or expect to see more factories close in
The yen recovers against the greenback. A lot of it is the dollar story as the dollar is coming through softer today after already yesterday seeing its steepest drop since december. But we are also sing that recovery in the renminbi, offshore yen, they are moving towards the 7. 19 handle. This recovery could help take some pressure off the pboc when it fixes the yen on monday. But of course, we have been focusing on dollaryen. The recovery this week really being driven by what we got from what is seen as intervention, but also from the stop and the dollar and the moves in the past 20 hours have been fairly steady. That does not smell like intervention. Potentially, this is that extension of position trimming, especially when you consider this chart, which shows you one fraction of the fx universe. Lets put the board again. Lets take a look at what are the movers in the stock markets today. As you flagged, it is the tech sectors in focus and apple suppliers running higher. We are also s
Education emergency we look at why indonesias report card is so bad. Irans Supreme Leader says not reaching a deal on Irans Nuclear program is better than making a bad deal. The ayatollah is referring to a Framework Agreement signed between iran and world powers in switzerland last month. President rouhanis warning that his country will not sign a final accord unless its accompanied by the lifting of sanctions. We will not sign any agreement unless all economic sanctions are lifted at once, on the very first day of the implementation of the agreement. A political analyst and journalist speaking from tehran said the comments from the leaders reflect their mistrust of the west. At the end of the day we want a way out of the current deadlock and we are not happy to see the standoff going on forever with the west. We are suffering. We are paying a heavy price for our program but now we want an end to this hostility and we want it ended right now. If there is a deal, they have to lift the s
Kenyansomalis in northeastern kenya feel alienated by the government. Alienate it was a week ago they celebrated in switzerland over the deal in Irans Nuclear program but its already evident the next level is going to be harder. The president of iran warned they would not sign anything in june also sanctions against his country were lifted at the same time. Reporter the president is a savvy political operator. He knows he must convince skeptics of the nuclear deal at home that iran isnt bowing to western pressure. So many say its important to talk tough. Thats exactly what he did when he addressed this Nuclear Technology ceremony in at the ran. We will not sign any agreement unless all economic sanctions are lifted at once on the very first day of the implementation of the agreement. Reporter iran wants a deal to go ahead but the conditions must satisfy this man. Ayatollah, irans Supreme Leader. He insists the deal is nonbinding and neither agrees nor disagrees with it. After months of