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we are finally in the green so how are we holding up? julie: we are not making up the losses we experienced in europe or the u.s. over the last couple of days and stocks are coming off their highs to some extent but it s a healthy rebound today. the nasdaq is leading the gains. we saw strong selling volume over the last couple of days and volume is still elevated in today s session but not as much as it s been. this is volume by group. trading by them is about 25% above the average. there is a big gain and buy them of the financials are you also the industrials. we have been watching bond yields. we have been seeing the reversal there as we saw a big drop in yields yesterday. mostly they are coming back up today with the exception of the japanese 10 year yield. selling within the u.s. and u.k. market is not the same magnitude. we had a big sea change in the fed funds futures and the expectations for a rate rise this year. the expectation for a rise coming up in december ....
economy stuck on hold, inflation sliding, unemployment unchanged, but a slight uptick when it comes to business sentiment. willsia airlines new ceo step up in the middle of a restructuring after the twin disasters of 2014. do let us know what you think of our top stories. follow me on twitter at that hashtagse #trendingbusiness. let s get straight over to steve for the latest. we are having a continuation shaped recovery in china. 50.0 is the line between ,xpansion and contraction optimism and pessimism. it is still on the borderline. month,50.1 the previous so a tenuous recovery at best. services outperforming expectations, nonmanufacturing pmi at 53.7. the previous month was 53.1. 53.7 is a robust number for it has been the strength of this economy. banking, telecoms, new technology, while the older economy, coal and steel production, traditionally manufacturing, they have been struggling. with this recovery, we have seen the sub indices show some weakness, especially ....
anna: a very warm welcome to countdown. i am anna edwards. it is just past 6:00 in the morning on this friday morning. let s talk about what has been happening with sterling. we heard from mark carney at the bank of england in the latter part of the trading day yesterday, and we can see the effect that had on the pound, not the one highlighted in red. yes, in fact, the one highlighted in red. there was little bit more stability coming through in the pound in the wake of the big falls we saw last friday. in the wake of that, we ve seen a little bit of a recovery or stability in the pound, and that took another leg down as we heard mark carney speak. saying, brexitr may prompt summer policy easing. let s check out the msci asia-pacific, a decent session the last couple sessions in asia, and today, up by about 0.5%. is this based around for bets, more stimulus coming through from the central bank? we will discuss that. we ve got silver in here, and that is up strongly, u ....
if you have to pick the big winners, precious metal producers. i will tell you why in just a moment. dollar, it aussie opened that much weaker levels for obvious reasons. it has now retraced its steps. notet want to mention this midmorning, they believe they see more aussie weakness ahead. whenever we start talking about it, it happens. the other market story i want to mention, the equity markets. these contracts are obsession highs are obsession highs. our off session highs. a very good start to the trading week. wonka, the stock was halted in december amid a power struggle. we have the story. the pressure really on for van . e. back at theok reasons why it was suspended in the first place, you could call it a hostile takeover. the president this is what the president has been calling it. less than 5% to 23.5% and became the biggest shareholder, pushing out china resources. the chairman could have a negative impact on the credit rating and reputation. vqnke i ....
for an election result in tell tuesday. big business said the growing uncertainty is the worst possible outcome. marketplace seen as china s craig s list has gone from beauty to be s. auto is burning through cash. you can let us know what you think of today s top stories by following us on twitter. the china and hong kong markets underway in 30 minutes, but singapore, taiwan, and malaysia have just come online. here is david. david: the question is what is not happening. dense across the asia-pacific, very mixed. everything together, we are flat, so we have to wait another day for the msci pacific to hurdle the brexit losses. as far as all of asia, recouping those losses, largely down to the lethargic session in japan. flat right now on the nikkei 225 . same across currencies, exception is aussie dollar. we are in limbo in a moment. we have the rba decision tomorrow, and your first instinct would be to reduce your long exposure. it has managed, to recoup some early loss ....