We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tumble. They continue. 68 basis points. Lets get to our top story now. Hong kong marking 23 years of chinese role hou
Also his rhetoric reiterated when it comes to china, saying china should have kept the virus where it was and could have stopped this virus spread. These are the latest lines coming through, the president saying trump the u. S. Can deal with the flareups. We are seeing with stocks we are basically coming off some of the lows but still heading lower today, u. S. Futures extending losses to more than 1 now. Jakarta coming online. We have a Bank Indonesia decision today, expect some type of rate cut. When it comes to india we are watching the standoff on the border with china. Besides continue to talk. They are pledging to deescalate after the deadly clashes. Here is what we are watching out for, not a lot of catalysts. Looking at the dollar, it is very much on the stronger side and youre seeing the likes of the aussie dollar reacting to those unemployment numbers which was a big miss. U. S. 10year yield, seeing bonds that are up as well and the china 10year yield is what we are watching
Over the weekend. We are inching closer to that alltime high when it comes to laterchina that was set september. Of focus. Was one those are the biggest movers here today and in particular, they may be looking at that emergency in tokyo and some of the surrounding areas as well as hokkaido. Those are holding amid some of and we are tensions watching currencies as well. We are obviously watching dollar china and dollaryen. You are seeing some of these china proxies following the ram be lower. Forward markete with plenty of action. Citigroup saying we are not bullish. Someg that there should be caution on these simmering tensions. Ringgit inthe particular are ones we should be focusing on. Be closed later on. End ofsed as we mark the the ramadan festival. Asiahief north correspondent is watching development for us. Where does hong kong stand . Questionsa lot more to the power play by beijing invoke its own security laws, basically being rubberstamped, to impose that on hong kong, bypassi
Held by chief executive carrie lam, saying hong kong will increase Virus Testing to Something Like 7000 a day. Thats the hope, anyway. They will be extending that capacity for this territory here as well. Thats the backdrop here is carrie lam just outlined this increase in the number of people who will be tested here in hong kong or who can be tested here in hong kong. Haslinda chinese president xi jinping is promising to make the Coronavirus Vaccine available the pledgedeveloped, as part of efforts to defuse critics to the governments response to the pandemic. The virus does not respect borders. Mankind is a community with a shared future. Cooperation are our most powerful weapons for defeating the virus. Tom mackenzie has more from beijing. She succeed in trying to persuade critics . Tom the u. S. Will keep up its drumbeat of criticism for china. He did make some important points in the speech to the governing body at the world health organization, talking about the need to develop a
People struggling to maintain that. The nikkeir before gets back up and running. Thailand, we got a Rate Decision. We have wiggle room, if you will for another cut. Has been thai bhat appreciating. Deposit index falling back. That is where markets are currently. It bit of caution out there. A bit of aing like summer of hope, but not seeing that much sunshine, lets put it that way. Seeing prettyre strong gains in recent weeks on the back of that. Taking a look at some of the other commodities. Oil down 0. 2 . Demand returning. Expectations intact. Dampeningomment sentiment at the same time. Highest and more than seven Years Holding onto gains. A strongerthanexpected rebound in chinese demand. Gold etf holdings rising for a 17th straight day. Taking a look at where the aussie is right now. Some sentiment in the market suggesting we should go along aussie a recovery that. Kiwi, positive. Suggesting negative rates still an option, but there are many hurdles to jump. Taking a look at how fu