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What's moving -- -- markets with Michael Hewson.
Michael with markets markets that Michael Hewson.
Senior market analyst at CMC markets in London sorry about that Michael -- -- seeing these meetings like the NRA and budgeted 10 in the morning for us anyway.
I'm about Michael.
We got some pretty bad manufacturing.
Information out of China -- yet.
-- is used to be shaking that off this morning what is it that's driving markets.
I think largely as a result of the this speculation of the Chinese Central Bank will do all that it can.
To maintain the China growth story now yes that was a very disappointing number but I think what it will what it does mean is the Chinese monetary authorities.
Will continue to retain.
A very accommodative monetary policy we both sexy and a much better than expected -- kind manufacturing.
Pay in my number and hassle side I'm fading too that's slightly more positive.
Outlook -- the stock market to -- here in London.
And -- -- a lot of this sort of good news is bad news and bad news is good news kind of thing where investors seem to be betting that if we do get that economic data in the central banks.
Will step in -- that drive the markets up is that what we're seeing.
In the US today we've -- futures up across the board is where awaiting.
The decision for our our own Central Bank here and of course London's -- market open there but again a green -- ahead of the ECB's decision.
Tomorrow are these is this investors betting that the central banks are going to at least keep stimulus in place if not step it up.
-- certainly think -- -- I think -- -- I think these kinds of you know old news is good news as far as.
The markets are concerned he -- very disappointing Chicago -- PMI number out of out of you know out of the US shifts -- -- and the employment component in particular.
Was very very disappointing yet.
Yes and pay continues tonight new highs BC did the ACP tomorrow I can they're expected account rights to 25 basis points but I think.
Everyone universally acknowledges that that really want to make much difference I think the stimulus type is gonna remind.
And switched on.
Irrespective of the IDP numbers.
Given the fact that we've seen that's a significant fifteen US.
You know US economic -- -- and as such I think the type -- effect that.
Markets were factually knew nothing you can have to look at 2014.
Of the earliest and -- you keep the floor on the US markets and stock markets globally.
Parent that Michael Hewson at CMC markets we appreciate -- Michael thank.
-- think you've done.
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