Session. Its been a flight to safety defensive sectors including real estate and utilities are leading the market, and gold is higher and rates moving lower rates falling below 2 once again. Thanks. We begin with optimism on trade talks with china President Trumps trade adviser Peter Navarro on cnbc earlier said were headed in the right direction as the u. S. Plans more tariffs on europe in the meanwhile. Peter navarro is the white houses fire brand on china, so it was notable this morning after attending that u. S. china meeting that produced the weekends truce, he said its all good were reengaged. Were talking on the phone already. Probably be visits its all good. I think it was a pause that was necessary at the time, but this is very bullish for the markets. Lower uncertainty in terms of the whole thing. Were headed in a very good direction. Next up is figuring out how to slice up huawei along National Security lines. The white house and the Commerce Department are today hosting a m
Across the markets. Driving the stimulus, miss confidence. The effect we had, what it did do, nasdaq is up. We continue to see property stocks. Hong kong markets are the first. Theyre cutting down down payments, mortgage rates. Country garden is lifting property, most sectors are in the green. U. S. Markets are closed so we will not see too much in terms of treasuries. The jobs report was talking about moderation. Certainly you are seeing hong kong lead the charge as well as the csi 300. We broke out of declines after the best week we saw since july. We saw seven weeks of gains for the index. In your which is quite rare. We just mentioned. 5. 3 up for the property gauge. Just to reeducate on the welcome stimulus playing out. Lets have a look. We have some important trade data with how the Chinese Markets are doing a deep dive and michelle is taking his place as the last meeting of governor. Rate decisions as well. We will see. It will be interesting to see that the timing cycle may be
About. Take a look at how we are trading across the region. We are seeing Risk Appetite roaring back about the big swings in bond market in treasuries overnight. The lowest, s p 500 closed since may not helping things. And of course, preexisting concerns over chinas premarket still playing out Property Market still playing out. Were looking at the next stage of the israelhamas war. Despite the release of the two catheters. The benchmark gauge in asia is just keeping its head above water but we are on course for the 11 months, with some of the greater equity really struggling to get back up there. Rishaad absolutely. Case in point, something we have been talking about really is the csi 300. It can a specific benchmark, 0. 05 . We had a very big drop yesterday, we opened lower, there was weakness, through. Then as we were speaking, it is rewriting our headline, reversing most gains. They claim, we talk about that, three 5000 earlier on. 9. 5 . The boj came in. Boj is next week, two, next
Asia coming to you live from new york, sydney and hong kong. dear coming down t we are counting down to asias major market open. On worries of middle east tensions and higher for longer Interest Rates traders are on watch for yen intervention. Humanitarian aid trickles into gaza as the death toll rises. Aid may be delayed as israel backs diplomatic efforts. Theyre working with china following tax audits. Annabelle at the open of the asx 200 you can see we are in the red. Trading lower for a Third Straight session just tells you how much of an impact what is going on in the middle east is having on markets because the moves we have seen in treasury yields after stabilizing you are seeing muted action in the australian three year and 10 year and earnings as well because we are in the thick of earnings season. Betterthanexpected numbers coming out of u. S. Companies, were seeing the index moving in tandem which tells us again it is geopolitical concerns in the middle east, other parts of
Enters a third day. The u. S. Is moving an Aircraft Carrier strike group closer to the region. We are watching wider diplomatic fallot as one report says iran helped hamas plan its unprecedented crossborder assault. Shery watching the wildcard in the oil markets. At the potential the conflict could spread to the rest of the middle east. Gains for oil prices on that potential up 86 per barrel for wti. Rent is past 88 per barrel after oil posted the biggest weekly drop since march. Iran is a Major Oil Producer and key backer of the hamas group. Though there is no immediate threat is applied. People are watching what will happen with the shipping on the strait of hormuz where tehran has threatened to close it in the past. I did the treasury space Higher Oil Prices could mean higher global government yields freed we saw the 10 year yield and 30 year yield at the highest levels since 2007 last week. We saw a little more stabilization through the week with cash treasuries closed monday for t