Hello and welcome to daybreak asia. Interesting to see you in singapore now. You are all over the place. The markets are all going in one direction. By oneinto the trade hour, pointing to a higher open. But show the board where we ended up on friday. Another record run. The s p above that 2500 level. The dow and nasdaq higher. That is the picture in asia right now. Focus onabout the Central Banks with the boj and the fed going into that fed meeting, still under 50 on expectations of a move in rates. The focus is on the details of this Balance Sheet unwind. Thing is interesting we are focusing on geopolitics. ,e have campaigning in germany reports that there might be a snap election in japan. Kiwi dollar,d, the that will be tethered to the outcome of this weekends election. It is to tie to call. We are counting down to the open in australia and korea. Aussie futures up 16 points. Dollar Holding Onto Gains of . 80. In japan, a Public Holiday today, a chance for markets to them over the p
Joins those voting against the bill. Drama turnsip another page with apple urged to jump ship and change sides. There is a sickness going around. No, it is not what i had over the weekend, which was the flu. Really took the markets down today, the big tech shares, but it lifted another portion of the markets. I want to pull up a chart for you guy. You guys. G btv 4698. It shows small caps, which has been the laggards all throughout the year, now starting to see some life, some of the life fangg out of the stocks. Yvonne a different kind of flu. I am glad your feeling better, betty. Some of these stocks that have suffered the most this year doing quite well. Safety trade dragging things lower. Those demand concerns over the iphone 8, certainly weighing on the whole sector overall. Not a good lead up to asia shares this morning. Kiwi, we are continuing to see weakness after that surprise in the new Zealand Election outcome. Despite the weakness we have seen, we are seeing an upside sci 2
Postdivorceier says trade talks are underway, and the u. K. Much must offer more. We have breaking news in south korea. It was a data dump morning. The surplus widening. Year on year, 6 billion. Industrial output rising 2. 7 . This is also for the month of august. That is well above what economists had estimated at a gain of 1. 3 . The number to really watch is the factory output, the industrial output, 2. 7 . We did see a revision and inkage or decline, 0. 2 down 0. 2 in prior months. A lot of the focus is on how these numbers have been changing with the geopolitical tensions in north korea. Is that going to dampen consumer demands and outlook for south korea . Yvonne mark yvonne it is interesting, month on month numbers in industrial production, i saw weakness in the month of august, less than expected at 0. 4 . We saw that survey this morning, looking less positive when it comes to manufacturing, as well as the export growth manufacturing. Export growth, we saw 31 jump from a year a
And kevin worsht leading the fed but critics say he would be too hawkish. Reporter a little bit of a mix between gossip and news. Ok. As i mentioned, you know, the market here, the equity market were open but the bond markets were closed. I want to pull up a chart and kick us off. It shows you despite the rally that weve seen in stocks in asia as seen as the mici asia pacific index, its still the cheapest in 15 years when compared to the s p. This is represented by the white line. Despite the rally in asia and the rally here and in the u. S. , in fact, asia is just getting cheaper an cheaper. And thats got more investors saying im going to buy into the asia pacific market. Yvonne seems like weve got the global gross optimism especially in japan. Ell see what happens with japan after correia. Were down by the. 10 of 1 for the index 50 following what we saw, the downside with some of the major indexes. Holding on to the fourmonth load as we wait for Coalition Talks after the election. Fu
This is d. W. News live from done in the United States takes another step away from diplomacy and its international pot Less State Department confirms that america is withdrawing from the in the u. N. Cultural agency unesco saying that the Organization Needs fundamental reform and is biased against israel now israel has pulled out as well now that move comes as rival palestinian factions sign a reconciliation deal after a decade long split the militant group hamas says it will hunt but control of the gaza strip to fatah will bring you reaction from gaza and germanys biggest and im left hand side agrees to buy large parts of the bankrupt out to ed garland but rival site challenge the day. Plus our weeklong series on being gay in todays russia he meets a video blogger using his powerful the challenge and. Business is. Human. And we take you to the worlds biggest refugee camp to see the challenge you face is caring for more than a million people. Im phil gayle welcome to the program the U