Lets go straight to the markets in asia. New zealand starting things off, the Australian Dollar seeing some weakness. We did see it surge a little bit yesterday after the governor talked about needing some more depreciation. We are counting down to the opens in japan, australia, and south korea. In japan, we are expecting industrial output numbers. Nikkei down yesterday about. 1 . Futures unchanged, but pointing to a possible higher open. We saw a slide in the yen. With broad Dollar Strength at the fmoc statement. A closed market to tell you about in thailand. A national holiday, so no trading. In the u. S. , stocks rose after the fed indicated it remains on track to raise rates. Policymakers see more improvement in the job market but declined to give a clear signal on when the rate hike will happen. Lets go to su keenan in new york. Good morning. Kind of vague on the timing. Su the reaction is what is fascinating. Believesan sachs ceo the market will have a shock in reaction to this r
Guns, a significant improvement from the february number, that is that pmi data the one more looked at . 51. 8 is a good number. The last time we were this high , higher than 51 point eight, so a near fiveyear high for the manufacturing index. It points to the moderate increase in manufacturing sentiment. In february, 51. 8 now in march, 51. 3 in january. It backs up the early indicators , satellite manufacturing index, 51. 8. Rishaad it is strange how this nonofficial data tracks. It is actually backing up the state numbers. Yes, they may be accurate. It is from the National Bureau of statistics. In march, the numbers in the pmi upwards because of the distortions from the Lunar New Year holiday. Aberration, but a positive sign for authorities trying to put some stability into this economy. Were speaking to some clever people at the Credit Suisse conference. What is the general consensus of where the chinese economy goes from here . Is it all being managed . Again, its not the most exc
Mark welcome to the pulse. Live from bloombergs European Headquarters, im mark barton. We approach what could be the bank of englands first rate cut in seven years. We speak to form of monetary blanchflower and theresa mays cabinet begins its first full day in office. Well talk uks politics with former chancellor of the. Xchequer, lord nigel lawson first up, lets check in on the markets today the fiveday winning run came to an end yesterday but it picks up once again today. The stoxx europe 600 up by. 9 . The ftse is gaining ahead of the. 1 . Ate decision, up by sterling is rising, up by. 5 . 1. 3214. Everybodys waiting for the bank of england. Will we see the first rate cut since march 2009 . Lets get first word news with nejra cehic. Nejra britains new Prime Minister theresa may has announced a key member of her cabinet. Boris johnson becomes foreign secretary. Philip hammond replaces George Osborne. David davis has been assigned the task of overseeing brexit negotiations. Its lowest
Shift in preference toward developed markets. Australia is up for the eighth straight week. Closed. Nothing lifechanging, though. A preference toward developed markets. Look at taiwan, for example, this is a very good symptom, if you will, looking for a place to be part. The latest member of the bull market club in asia. Number eight across the asiapacific. Something to keep in mind. I was talking about the rmb, take a look at the shanghai composite. We are seeing a lot of pressure on this market. Pressure on asome lot of these developers, materials, cement. Have a look at some of the main benchmarks. We are seeing some pressure. Up with thethings kiwi dollar. Dropped early this morning following inflation data. At these levels for the most part of the morning. Yvonne thank you so much. Softbank said to be nearing a 32 billion deal to fire british so my conductor to fire company. Emi conductor this is going to be a blockbuster deal. Acquirebillion deal to arm holdings, listed in london
And apple facing attacks of billions over the sweetheart in ireland. Let us know what you think of our top stories. That is my handle. Use the hash tagged there as well. Trending underway in hong kong, shanghai in about 30 minutes. Other markets starting off, but getting a nice tailwind from what we saw on the streets. Juliette in wall street, the street of dreams, certainly doing better. We are seeing something on the back of those moves we saw in the u. S. Market. Of course, solid gains, defeating record highs. Banking stocks leading the way. Terday, it was a desire dire position. It left wall street and they had to catch up. 0. 2 . Up have a look at the korean cost i index, up kosp 0. 7 and the one is up won is up. Certainly some of sides coming back into the korean market. We have had Economic Data in japan and of course the nikkei is up a little bit. Considering it is 2. 3 gained yesterday and the dollaryen is fairly unchanged. That fall that cannot unexpected. In australia, good