Global virus infections tops 2. 5 million with more than 175,000 deaths. U. S. Cases climbed 5 . Their biggest increase since april 10. Its get you started when it comes to the state of trading in asia. We are setting up for this wednesdays session. Sophie kamaruddin in hong kong for us. Sophie we are seeing mckay futures edge slightly higher with s p eminis expecting more eruptions in the region after asia was led lower by india on tuesday. Earnings adding to that drag. The yen just Holding Steady in the face of a stronger dollar, which is trading at a twoweek high and gold just resuming gains with spot prices up 11 this year and bank of america is bullish on bullion, raising its cold 18 month target to 3000 an ounce. Moving onto oil now, wti for june back above 13 a barrel after slipping below 10 in the new york session, which was pricing weakness in the front month contract. They are allowing for negative options to be lifted from april 22. We are seeing the Oil Forward Curve shifti
Pressure mounts. Shery the volcano in the philippines shots schools and the Stock Exchange, warning of a violent explosion. Australian markets have opened for trade. Lets turn to sophie. Sophie stocks opened to the downside, off. 2 after the best week of the asx 200 since february. We are seeing beach energy under pressure but Australian Oil companies should outperform in 2020, although looking for caution around oil prices in the back half of the year given expectations for additional supply which has taken the wind out of oils rally. The oil rally. Oil had the worst week since july. Lets flip the board to check in on cable. We are seeing cable under pressure. Looking at how it is doing, moving towards the 130 scandal. 130 scandal. Here,g into the terminal want to give you the heads up the Philippines Stock Exchange has been close to their rolling along with schools and the middle miller the Manila Airport in the week. Here is where philippine stocks are. This is asias worst performer
Totting continues to sweep trans across the globe the streaming wars are beginning to really heat up r. T. Correspondent Rachel Blevins joins us today as are beginning to really heat up our t. V. Correspondent Rachel Blevins joins us today to plug into the details of what lies in store for show viewing. Today and to plug into the details of what lies in store for show viewing. Shows today its a lets get to it. The nasdaq and the s. And p. 500. 00 to lets get to it. The nasdaq and the s. And p. 500 both hit fresh 52 week highs today as october job data came back sugar bowl hit fresh 52 week highs today as october job data came back stronger than expected payroll came in at 128000 versus expectations stronger than expected payroll came in at 128000 versus expectations. 85000. 00 even with the negative impact of the g. M. Strike of 85000. 00 even with the negative impact of the g. M. Strike the Unemployment Rate rose modestly to 3. 6 percent as expected however the Unemployment Rate rose
Designing also, caution is in the air as President Donald Trump prepares to address the nation and the world. He will call for unity after a deeply divisive year. Yvonne just starting things off with breaking news out of south korea, Industrial Production numbers missing by a longshot here, here are your numbers, falling 6 for the month of december. We were expecting that we would see a bit of a rebound here of a contraction of 1. 5 . We were expecting in october 6 soe saw that plunge in we have not seen the momentum yet when it comes to these numbers even though export growth still remains quite strong. There is a lot going on with the south korean economy in general. Something to watch here, the month over month numbers not looking good as well. The territories down half of 1 . In the meantime, we have been talking about the red across the screen for the last 24 hours. We are expecting day three of decline here in the asiapacific. As we mentioned, we saw a Global Equity in general. S
The Consumer Devices battle heats up. Apple and google are due to refresh their product soon. Some breaking news crossing Inflation Numbers for south korea in the mouth month of september. Inflation up. Ve coming down a bit to 2. 1 , that is below went economists had estimated and a big drop from what we saw, a gain of 2. 6 in august. Also taking a look at core cpi, 1. 6 . Below wently economists had estimated for a gain of 1. 7 , month on month, your continuing to see the rises although very barely. Inflation numbers in south korea coming in a little bit below what economists had forecast and is on Consumer Sentiment and how the markets are reacting, how the economy is reacting to the continued tensions in north korea. Stray too far from them be oks target, the economy is going not full speed ahead but still quite rampant , exports quiten strong in the Third Quarter but you mentioned north korea u. K. T a wildcard for the betty lets talk about the u. S. Markets. A little bit of a diff