Haidi very good morning. Im haidi stroudwatts in sydney. We are counting down to asias major market open. Shery i am shery ahn. Here is how markets are looking right now. U. S. Futures rising at the open. Stockster we saw u. S. Seeing its worst day in about three weeks. Investors were concerned about the prospects for more government spending. We saw some conflicting reports on whether or not that is coming. The s p 500 lost ground, 1. 6 . All 11 sectors were down, led by energy stocks. It also drags down cyclicals and small caps which managed to stay in positive territory. A bearish reversal from the gains briefly seen around the open. We had record cases in europe, fears of a doubledip recession. Take a look at oil because its also under pressure and headed towards the 40 a barrel level. Oil fell in the regular session as well with warning of an uncertain outlook for oil demand. See how things are shaping up for the asian markets. Here is Sophie Kamaruddin. Sophie this tuesday, you h
Germany is set to rein in public and private parties. Its inflation rate falls further below zero. The ecb may need to do more. Christine lagarde speaks in 90 minutes time. Disney cuts deep. They will lay off 28,000 workers at its resort business, leaving one of the deepest economic scars of the covid era. Welcome to the program. Just gone 7 00 in london. Waiting for data to come out from the u. K. Economy and some news expected from shell. Lets get to the u. K. Data first. This is the final reading on u. K. Gdp, coming in not far away from where we anticipated it to be. Estimate was 21. 7. 19. 8 percent for the quarter on quarter numbers. These are all negative. A retreat of 19. 8 in the second corner. The estimate was 20. 4 . Thats just a small detail. We are dealing with incredibly large negative numbers. They are very backward looking. The real question will be, how does that data perform . How has the economy performed since the Second Quarter . How will liberal perform as we head
Thedual listing could be biggest share sale in history. Softbank makes headlines again. Amassedid to have 20 billion in a stock trading movement despite a skeptical response from shareholders. Lets take a look at how markets are trading at the moment. At this as we are just getting some line through when it comes to the reserve bank of australias assistant governor. They are giving a speech saying it is more complex to assess the policy stance than it has been in the past. Due to the economic and fiscal conditions at play. We will continue to monitor some of those comments and we are also looking ahead to the rba Meeting Minutes as well. We are seeing downside in the first couple of minutes or so, trading in sydney on 5. 1 and then new zealand, that market is back to modest gains as we continue to process the outcome of the victory we saw from the Prime Minister and her resounding reelection effort over the weekend. The nikkei 225 seeing upside when we get into the open of. 25 of where
Pips. We are looking at the rest of asia doing this. 1 8kospi index down about of 1 . Some updatese, here on what happened yesterday. Military saying it is on high alert in that part of the world. Today,the top stories just a couple minutes ago, we did get confirmation out of the pboc, adding more funding to the system here. It is trying to guide the economy through a rough patch. A smaller chunk, 2. 95 . Jason. Us now is pleasure to have you. Good morning. Your top thoughts for today. What is top of mind for you . At chinas liquidity guess first the primary liquidity facility, but it does also add to the positive growth picture for china, especially on a relative basis. Covidast because the situation has been continuing in china. When you couple that with Strong Capital flows and improving current accounts balance, it doesnt mean the fundamentals are quite good at the moment. Note, and i guess on that many people say go long against the dollar. Your trade is the currency against the i
A little hard. It looked to me like it was twitter. Like watching twitter for 90 minutes. I did not stick to my original plan. Baseball and bed the two bs i stayed up. I want my time back. I didnt stay up for that long you can play this game with me i felt dissed. How much words can you come up with disappointing, disturbing, disspiriting, distracting, disheartening. Disgusting. You can probably go there disspiriting i looked it up thats exactly what i wanted to say. After all those disses, i wound up with disinteresting thats when i was gone right . It was a let down ly say that. Some people like to watch the fighting it is hard to turn around from it if you were somebody who was tuning in. In my core pin of both candidates, nothing really changed. Mike Wallace Chris wallace had a tough job. I guess he did okay. Im not going to nominate him why do you bother having rules for a debate if nobody is going to bother to follow them kill the rules or give the moderator a kill switch. Both s