Since december. A big day for housing. Well get new home sales in an hour. After an historic day which saw the dow fall minutes into the trading session before closing down 588, futures are serging. Chinas central bank announced its lowering the Bank Reserve Requirements by. 5 . Its the fifth time in nine months theyve done this. The question is what are we going to get out of it . I thought the more important story than the cuts of rates is that maybe theyve stopped the game of trying to prop up individual stocks. The stocks are just not companies that you would theyre buying sock pickup truck. Theyre buying web van. And i think whats going on is this may represent a more serious attempt by the Chinese Communist party to put people to work or something. They could spend their money fixing the sewer systems. Maybe theyll start doing serious work to help their economy. Does that mean today is your chance to get out, to sell your least favorite names . Yes. I have to tell you, when i see
President trumps closest advisers say Jerome Powell or john taylor is the lead candidate. Sunday wouldn on be a show of support to escape from 20 lost years. Another body blow to corporate japan, nissan slumping after unauthorized inspections. Lets have a look, big slide down the, nearly 2 hang seng. Why . , 66 40,ok at this chart the secondbiggest fall this year, the biggest was august 11. It is still above that 50 day moving average. Traders have other reasons for , surging hong kong interbank rates, concerns about chinas deleveraging, and derivatives played a part too, some bearish investors looking bulls. Uses to kill the aidi. Get to h haidi an interesting note from Morgan Stanley suggesting we are about to see a revival when it. Omes to a shares they see chinese Equity Holdings 7 7 trillion. It is a direct correlation of this deleveraging campaign, and that money will come back into chinese equities. Lets look at how markets are faring ahead of that japanese election. Shinzo abe
They may listen to demands of its activist investors. Inhine orders are released tokyo later this hour. We are keeping our eyes across on the latest from the white house as it denies reports alleging meddling by the president in the russia investigation. This is daybreak asia coming to you live. It is just after 7 00 p. M. Betty, where do i start . The perfect storm in d. C. New reports surfacing. On the heels of what we could have seen, the disclosure of sensitive information. How can you deny that . We are seeing that reaction with the dollar plunging. Youre absolutely right. A lot of questions here. The market seems to be shrugging off the chaos in the white house. It had a bigger effect on the markets in the lower dollar. Housing numbers this morning, in below estimates. That has people worried. Maybe this economic recovery and this momentum might the losing steam. Lots of people focused on the economic numbers to come in the u. S. Is pretty confusing. We did get production out gai
Retreat. Worlds biggest miner says it considers shale sale. Rishad another veteran returns to help the twitter revival. Absolutely who said what to whom . Lets bring up the chart. This message is coming out of the white house. Did donald trump obstruct justice when he asked the former fbi boss james comey to stop the investigation against the now flynn. D mike ,e have gold positions reduced but will it come back on the back of all this. We will be discussing that. We will look at another company who has been slumping after this news has been breaking. More noise coming out of the white house. That is what we have coming out at the moment. Haidi we have seen a move into haven assets. The punch we have seen in dollar. I want to bring up this chart. Whether wee story of were going to see the move away from the market focusing on Central Bank Policy and paying attention to politics again. There is a very real doubt right now on what is going on in d. C. At the moment. The geopolitical conc
Asia. What happenedcuss on President Trumps first overseas trip. We will analyze that and figure out what that means Going Forward. It looks to be a quiet week as u. S. Come u. K. , and china markets closed. That ninth ofring the stigma still, but a lot happening on the data front. Speakers. Several fed atindeed, lets take a look Market Reaction. Markets closed on friday and unchanged on friday, a lot of economic members straight ahead in the u. S. , including housing, on friday. Looking at the market so far, the only market open is new zealand, a touch lower here. To be starting things next given how thin trading is likely to be today, but heading lower when it comes to the nzx 50. Lets head to australia real quick. We did see recovery after that group meeting. Pretty soft open for the aussie dollar, but looking to the upside on the asx 200 today. Japan, north korean concerns, but someof risk off strength for the japanese yen, 11. 22 ithave seen a pause when comes to this equities ral