A record low after they overstate the value of its inventory. A surprise in berlin the win of a new sbd left wing leadership set the german bund yield to a threeweek high. And the uk election focus turns to terrorism Prime Minister Boris Johnson and Jeremy Corbin clash as they blame each other as the Early Release of the attacker. Well, good morning and welcome to street signs. Just in the last 10, 15 minutes or so we have been getting the final pmi manufacturing numbers across the eurozone. The final november has come in at 46. 9. That is higher than the flash estimate of 46. 6 so, little bit of an upside there, so some improvement versus the flash pmi numbers which came out a couple weeks ago. In terms of the breakdown, we have the final manufacturing output pmi come in at 47. 4 again, this is an improvement on the flash number of 47. 1 and october number of 46. 6 final future output coming in at 55. 3 again, higher than the flash estimate and higher than the october number, 51. 9 yo
Before the American Express news broke, the dow was under a lot of pressure. That number came in line with expectations. It wasnt terrible. The fed rate hike could still nbt cards. The dow is down 85 points. We have someone who says the Current Employment report is not measuring jobs properly. Hell explain why next. Also, more on twitter. Its falling yet again today. That stock has been cut in half in just four months. Its now 1 away from the ipo price. Well look at whether investors should be cutting losses or holding out hope at this point. Crazy. And maximizing your airline miles. Wait until you meet the guy who has flown nearly five million miles for free. I love this story. Hes looking to make a business out of helping others do the same. Bill, we have to talk about he is taking advantage of the system or just finding out the way to benefit it. Its all legal much its all ethical. Hes just found a way to gain the system. Well tell you exactly how hes doing that if a little bit. Let
We are seeing a bit of the diversions in asia. Aisasian stocks were higher. Europe a little bit slack. Above 50. At what it points to is the imbalances we saw in the oil markets being ironed out sooner than expected. Sooner than the iea was thinking. Now lets get straight to the bloomberg first word news. 2. 9 trillion investment industry may lose. Dayays the industry faces a shrinkage. The ecommerce giant is being investigated by the sec. At datalator is looking reported from the Company Single day promotion, the biggest shopping day, and how the firm consolidates results from affiliated companies. Alibaba declined to comment. Hillary clintons of a private email system did violate state department rules. That is the conclusion of report by the Inspector General who republicans an additional line of attack against the front runner as the Election Campaign gets underway. Businesses have warned of economic damage if protests in france continue. Strikes of the countrys refineries and rail
Philadelphia. Welcome to daybreak asia. Lets go straight to the markets open now. Juliet, i think we are seeing asian follow wall street lower. That looks like what were seeing at very early trade. Been aough there has news. From the in ks it could be more than the market has been looking for, but we are seeing weakness coming through. Performerwas the best yesterday. Signs also pointing to the fact that nintendo is likely to have a tumble when it opens. We actually saw south koreas of 1 in the second quarter. T was a little bit of unexpected come up we are seeing weakness coming through after that fall on wall street. Australias market is opening down. In new zealand, looking flat. Better than it was about half an hour ago. It had some pretty impressive trade data coming out of new zealand today thanks to good exports. New zealands market yesterday hit an alltime high. Data for investors to get through in the region today. Weve also got the philippines reporting trade data in japan. J
4 10 of a percent. After chinese policymakers announced measures to reach their growth target is here, the afx 400 is up highest level in months. A different story for japanese stocks, which fell in the morning session. Today, theyre down 4 10 of a percent. Best three weeks since 2014. Thursday, a big decision in new zealand, stocks are not doing too much. I will be back more with i will be back with more. Has rejected china fears of a hard landing. Rule number one with the there has been of a 6. 5 percent growth this year, and those technologies are facing difficult times ahead. Heidi is now with us. Heidi . Heidi to put that in the context, there is still a very high growth target. The supplyside reforms would come at the expense of shorterterm growth. This. 5 to 7 is the first actual growth rate weve had since 1995. In terms of the other targets that we have been watching out sincehe 3 , for the rough inflation is currently tracking at 1. 5 , and a significant fiscal deficit. The mo