Thursday 3 March 2016

Yuan near a 3-week high against dollar


Source: CNBC

Squawk Box Live is tracking market reaction after China's central bank set the yuan benchmark up for a second day, sending the currency close to a three-week high against the dollar. The fix comes as Chinese officials gather for annual policy meetings in Beijing.
We'll bring you the latest developments below.

  • Guest host today is Beat Wittmann, Partner at Porta Advisors. He says the refugee crisis in Europe has no clear fix:
    The source of the migrant problem in Europe is the Middle East and that is not going to go away soon.

  • 10 minutes ago
    A number of Chinese industrial stocks have risen on speculation that the country's policymakers  will announce further infrastructure projects during a meeting of top level officials taking place in Beijing.

    Eunice Yoon says the government in China wants to double GDP growth in the next 5 years.

  • 12 minutes ago
    Less than 30 minutes from the open, futures are indicating a positive start for major European indices:

  • 20 minutes ago
    Friday fun. Grammy-award winning Joss Stone serenading Sri!
  • 21 minutes ago
    The Shanghai comp saw its biggest weekly gain in 2.5 months, but its worth noting that the index is still down nearly 19 percent since January 1. Might not be time to celebrate just yet:

  • 26 minutes ago
    A speedy run through of non-farm payroll predictions with Julia.

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