david stubbs: i think a little bit.o not think china wants to be seen as using the currency as a clear and present weapon against the rest of the world and they would love to be seen as an international community and utilizing the kind of stimulus measures. manu it will be harder to stop people focusing on the exchange rates, especially if they push it through any it will be major news globally. that is why they are reluctant to go to it. nejra: what does it mean for markets? we saw you as futures in negative territory earlier and now they are in positive territory. and your global allocation advice to your clients, how much does what china does here in the equity market uptake how you position in the u.s. and europe? david stubbs: it is always important. spend it in order that amount of time to see what is going on in the u.s. and china. you have to think about this. we have seen parts of the u.s. market that can rally independently of what is going on in the world. ..s. health care is a sector and lots of the technolo