Welcome to countdown. Im anna edwards. Lots of data to catch you up on. Manufacturing was stronger than expected, its jobs day, of course, in the United States. Revenue falling 16. 3 , it was estimated to fall by 15. 5 . More of a fall in revenues in that important barometer some say of Chinese Consumer habits. Aside from all of that, it appears to be the sentiments of the large corporates where the economy is right now. The lowest reading since the middle of 2013, basically the indicator about Business Conditions among Large Enterprises in the Manufacturing Sector issued by the bank in japan and in trouble perhaps. This is having ripple impacts on the classes. Over in japan, the nikkei down by quite a considerable margin, by more than 3 , down for its fourth day. Its spreading across asia. More broadly, lets look at the wrisk assets. The yen having in big emoves, ronger against the dahl, the pound. The dollar heading for its work week in two months. Continuing to retreat on concerns a
Japanese stocks have lost 140 billion so far to date. Brazilian lawmakers are voting on the impeachment of the president. Campaignescribed the to topple her as a coup orchestrated by her deputy. , dontme on twitter hashtag, include the e trendingbusiness. The oil price plunging, asian stocks retreating. Juliette good morning. It is all about the oil price and the stronger yen. Taiwan, singapore, falling in the selling. The kospi now down by a tense of 1 . Has come back a little from losses, over 3 in the early session. To earthquake adding concerns about how much the damage will cost the japanese economy, and we continue to see the yen surge playing on the export companies. Is only downsx 200 half of 1 at the moment, so coming back from earlier losses. New zealand leading the charge, thana 10th of 1 , a better expected cpi number for the First Quarter. We are seeing the oil plunge have an impact on Energy Players in the region. There has been a flight to the safe haven, gold price supp
The lower house of Brazils Congress has voted in favor of impeaching the president. Parliament as the opposition achieved a two thirds majority it needs to move the process onto the senate. A simple majority will see her suspended while she faces and a peach mike trout. While she faces an impeachment trial. Ceo stuarttimes says gulliver plans to quit in two years and the bank will first appoint a new chairman to help pick the next chief executive. He took over in 2011 and has scaled back hsbc operations, cut nearly 90,000 jobs under pressure from unhappy shareholders. Stocks have fallen about 16 this year. Regulators are said to be unconvinced. They want the companies to sell part of their network infrastructure. Hutchison will challenge any block in court. You can get more and the rest of the days news on bloomberg. Com. Talks in doha dragged longer than planned, Still Producing no common ground. Alex, why no deal . Alex it was the country that decided not to turn up to this meeting t
Morgan stanley says that volatility in currencies is entering a new era because we are so dependent on the moves and data. Because everyone is going to look at every single spot of data and economics coming out and that will move the market significantly. , Consumer Confidence is likely to fall. The dollar is getting ever so slightly as we see officials ready to see a rate hike later this year. Bank over there is interestingly putting out that the chinese growth forecast ought to be cut. It includes continuing to trade lower. Issues about iran. That is what many are considering. Down goes boyle as we see supply concerns about iran and copper down by 1 as the asian banks cut their growth forecasts for china. Will volkswagen have opened . You know that germany is sometimes slow. It is down 1. 6 . That they have totally screwed up but now asia is starting to weigh in on volkswagen. Going to investigate in south korea if they met pollution standards. Could the industry be tainted . Rsa up
From london. Im francine lacqua. The chinese president begins a visit to the United States today. It is his first as chinas leader and comes with growing tensions over cyber hacking. New data from their most used suggests that the worlds secondlargest economy is stabilizing. We will have more on that in a moment, but first lets get the latest on president xis trip to the states. Cyber security seems to be a big problem. They will talk about the economy as well. They certainly well. The whole issue of cyber security, francine, and Cyber Espionage will probably overshadow this meeting as one of the most contentious issues they will be discussing in washington. Between problem lies the way that you define what is acceptable as espionage. The u. S. Thinks if you do best be large, Cyber Espionage, for the purpose of military information or political information, that is acceptable, as it has been when we have seen governments in states spying on each other in order to get a leg up in milita