What is happening overnight, things you might have missed. The rally in the u. S. Stock markets halted a selloff that had erased trillions of dollars in equities. Lets check in with the latest. David, good morning. David it is about midday here in asia for our thursday trading session. We are really seeing a tailwind coming from that, no other way to describe it, that surge in wall street overnight. We did feel it at the open. Volumes are heavier. Compared to the 30 day average, or just about every Single Market here and in the region except for shanghai, which i will get to. A move back to riskier assets, as well as cyclical commodities. Copper actually gained in asia. That being said though, the other side of this is that we are coming off and i think this happened over the last hour or so we are certainly coming off a high of the day. We are of as much as 2 . Japan a big reason for that, as you can see here. That is what we have done so far on thursday, we are only up about 7 10 of
Started to see the pharmaceutical sector taking the edge off of markets. The dow average was a little higher, the s p was down. Day, this had a good on the back of what is happening with this dollar. Sessionless, a negative delivered yesterday. One of the stocks that stood out, let me show you the chart an arands had terrible afterhours session. Really the fact that we had a revenue mess. Yumchina recovery story for not quite as tasty. In terms of today, we are looking forward to the u. S. Session. This is the percentage miss price. This is where we think the terminal expects the u. S. Market to open. It looks like negative sentiment. We will not get a bounce back. U. S. Futures showing at a flat open. No bounceback after yesterdays selloff. Bank of japan is front and center they are keeping a record stimulus unchanged of its growing speculations the signs of a recession will press it to act towards the end of the month. The media focus turns to the press conference of the governor lat
And we have a trading day that is a lot longer than a halfhour. Manus i am pleased with that. Anna knows the prizes today, friday morning seems like a good thing. Doesnt it . Lets have a look at where we have been. Manus no shock at all. But i did find the bloomberg world market capitalization, how much has the world lost . 3 trillion in one story, this is the market value. I can tell you this a trillion dollars of that came from china. We have gone from 64 trillion to 60 trillion dollars. That is a trillion dollars a day. Anna that is careless. Lets talk about what is happening right now, some context so far this week. We have a chart where oil has been, and where the chinese index has been so far this week. What is interesting is that oil has been falling, and the again has been gaining. Chinese stocks have been falling over the past four days. They are different today. This is a week picture. But the japanese yen is down. From the 12year low, paring the worlds best performers this y
Takes a key iraqi city. We tell you what a victory means for the militants after the u. S. Kills a Senior Leader in syria. Mark countdown hello, welcome to countdown hello, and welcome to countdown. I am mark barton. Manus and i am manus cranny. Anna a South African finance minister, in just over an hours time. Manus lets get straight to the markets now and bring you up to speed with everything that has happened overnight. Joining us from hong kong for a look at the asian markets yvonne, we have these chinese property prices. Run us through these details. Yvonne there were actually some more signs of recovery that we saw in the chinese Property Market, the second straight month of recovery, and we are seeing a lot of this in terms of the stocks, asian stocks in general really a mixed picture. We did see a little bit of a selloff starting in the morning but now slowly seeing some gains, but again, the chinese property prices looking slightly better. Fewer saw home prices decline. It was
Hello, welcome to countdown. Im mark barton. Bloomberg reporters are standing by, ready to deliver the stories. After much talk, the fed finally tapers. And nichols has the details from berlin. Asian shares on the move today. Airasiaorate news, plots its way back to europe. There are line height is looking with the companys dealings with airbus. Sochi,he countdown to covering the worlds most expensive games. The taper begins, the fed will trim its bond purchasing by 10 billion per month, down to 75 billion. Our kids have been waiting for it, they loved it. Hans nichols is here to explain it. Did ben bernanke finally get full guidance right . It looks like it. On his last press conference, bernanke convinced investors tapering did not mean tightening. That is the crucial part of what we got yesterday, the fed could actually be more dovish, in part because they are keeping short term Interest Rates at close to zero through 2014, well pass the time the jobless rate is below 6. 5 . Givingr