Ces, next week. We will look at the decade in tech, how predictions for 20 are not as easy as some Companies Make it seem. Our top story, a good start to , dowear, the s p 500 jones, and nasdaq climbing to highs. One of the best years for american stocks in the past decade. Joining us now is abigail doolittle. Record high another for these big tech companies. What is driving the gains today. It is more of the momentum we saw at the end of 2019. Some missed out on the Fourth Quarter rally because they did it. We have Central Banks supporting markets, putting liquidity into the system. Saying it is not qe, others say it is qe. Responding. Cks speaking of momentum, we have amd, talking about today up 7 . Put ins enough for it to its alltime high. At that chart, not really stability. What goes up, must come down. Investors want in on this big tech rally. Volatility, you look for stability in the fundamentals. We are approaching earnings season. Basis,a yearoveryear declined within the s p
Monetary policy settings to more free trade. Shery pressure mounts on Narendra Modi as he struggles with his unpopular citizenship law. The bjp is headed for defeat. Lets get you to japan. We are getting the latest minutes from the bank of japans october meeting. Boj members saying it is appropriate to clarify the downward bias for rates. It overhauls their forward gardens and they are saying it is important to enhance cooperation with the japanese government. This was back in october before the 120 billion in fiscal measures announced by the japanese government this month, so lets get straight to the market action. We have the open in japan in south korea. And south korea. Open in japan and south korea. Sophie we have little in the way of fresh catalysts. We will be watching for reaction to news that boeing has requested to halt shipments. Sony interview after the company apologized to customers for not being able to keep up with demand. It looks like a muted session is underway. Chan
Orecast indonesia decides later thursday while the boj starts a meeting. A straily markets have just open. Sophie, what are you seeing . Markets have just opened. Saw steepening for u. S. Bonds, pushing the u. S. 10year yield to a fiveweek high, and the kiwi dollar off about. 1 , reversing the earlier spike we saw on the back of new zealand hosting a faster than forecast gdp report on a quarterly basis, which may provide relief to the rbc. Nikkei Futures Holding steady. Were expecting a mixed session in asia as we have plenty of Rate Decisions on tap from indonesia, taiwan, hong kong, along with the boj meeting under japanese as we see stocks perhaps getting a little more love from investors, but not to be loved just yet. Investor view on japan is improving slightly with net 6 of global investors. Paul thanks for that. Lets check in on the first word news now with ritika gupta. Proposed budget for the next fiscal year will approach the equivalent of 1 trillion for a second straight yea
And tear gas the streets. Australia orders large scale from bushfires as the death toll mounts. Sophie lets check in on the open in sydney after the asx 200 best annualrop the performance since 2000. We see it open slightly to the downside as we wait for markets to come back online elsewhere in the region. We are getting some data from australia coming out this morning. Home prices notching up the biggest threemonth gain in a decade. We are not seeing much reaction in the aussie dollar, softening a touch after hitting a fresh high. New zealand equity markets remain closed and the kiwi dollar keeping fairly steady after topping 67 this week and japan also remaining offline thel january 6, again, currency cap a Fourth Annual gain. Paul thanks very much. President trump says he can assign the first phase of a trade deal with china on the 15th of this month ahead of a visit to beijing where talks will begin on the next part of the deal. Lets bring in our china correspondent now, selina wan
She prepares his new years address. Is set to be ghosn in lebanon. One source tells us he fled japan ahead of a trial and financial misconduct charges. Markets in asia are winding down for the year. Australias equity market closes early this new year. Sophie has a final session how is the final session of the year looking . Sophie some pressure coming through. The aussie share market off 1. 2 , trimming the yeartodate gain but still set for the best year since 2009. Eminis little changed. Nikkei futures in singapore off by 1 and the bloomberg dollar index extending declines for a fourth straight session as the greenback is set for the Fourth Annual drop since 2010. Let switch out the board to check in on what markets are closed this new years eve. Indonesia, the philippines, and china closing along with south korea and japan entering a sixday new year holiday. We will be waiting to see whether we have yen like we saw earlier this year. Paul. Paul thanks very much, sophie. Breaking news