It a risky strategy . Is daybreak asia coming to you from u. S. And asian headquarters. I am betty liu in new york just after 7 00 p. M. Hongst after 7 00 a. M. In kong. A positive note in asia. Pretty incredible that we can monthins of 200000 and given how tight the market is. We had a guest in the last hour who said it looks like it is short covering. In the dollar. We will have to see how the dollar trades this week to tell if we have seen a reversal in the declines in the dollar. If you are looking at the boards right now, we closed higher. The dow up 66 point. The s p and nasdaq closing in the grain. President donald trump in the white house, absolutely 100 right away tweeted these numbers on friday saying we have created one million jobs since the president was elected. Taking no time to take credit for the job gains. That is lifting some of the stocks in asia. Yvonne we have only just begun putting the carpenters who are about to break out into song. The dollar. Jump in we did n
This is daybreak asia. I am betty liu in new york, where it is just after 7 00 p. M. Charlie it is just after 7 00 a. M. In hong kong. It feels like summer. Quiet in the markets. We have the trade figures of china and the trade balance in japan. Betty those are the big numbers to watch. Big market moving event. In terms of here in the u. S. , it mergers of a focus on that may or may not happen and specifically a look at Berkshire Hathaway and what they may be eyeing out on the horizon. Oil Prices Energy prices in particular in focus. Despite the drag, the market still managed to get out the gain. We will go through that in a moment, but that is setting up for a slightly bullish tilt for you in asia. Yvonne let us look at how things are playing out here. Cpi figures out of the u. S. New zealand, we are seeing the stock with weakness. 7356. Wi, the traders are worried about the dollar edging up. The worst currency in the g10 space, ahead of the decision this week as well. We are seeing a
Entertainment. This is daybreak asia i am in new york where it is just after 7 00. It was an extraordinary jolt for u. S. Markets. 10 days of record gains when it comes to the dow. S p also seeing record high. It shouldnt have taken very much for that jump to happen for volatility to jump. Withrprising it came strong rhetoric from President Trump. It is hard to discern what that rhetoric means. Does fire and fury from President Trump, what does it translate into in washington . It jolted the markets and caused us to fall to session lows. But we seem to have come back a bit, closing lower still. It was the initial fall that rattled the markets. Going to be focused on china Inflation Numbers here. Haidi thats right. Not to much overreaction when it comes to the aussie dollar. Look how it is setting up given a fairly volatile session. Lower sessions today. The kiwi dollar for a second day was the worst performer of the g10 currencies. No expectations of a rate change but certainly some we
Live from bloombergs u. S. And asian headquarters. I am live in new york, where it is just after 7 00 p. M. Yvonne it is 7 00 a. M. Here in hong kong. I am yvonne man. There is something about the month of august where crazy things just happen. Two years ago it was china, the devaluation. The jury is still out to see whether geopolitics will be the trigger this year in triggering the volatility. Betty who knew a year ago we would be talking about north korea and the possibility of military conflict between the u. S. And north korea . But here we are in august. Volume is still relatively thin. Any movement will be exaggerated by the thin volume. That is exactly what we saw. Despite all these headlines, the markets remains relatively resilient. Which is confusing to some investors who say, we should be moving more on these headlines. Right now it looks like the markets are focused on earnings and the fed. Yvonne those are still some likely catalysts. From a comments Little Movement from
Gathering over stores. But there may be a silver lining. Betty this is daybreak asia, live from bloombergs u. S. And asian headquarters. I am betty liu in new york where it is just after 7 00 p. M. Yvonne i am yvonne man. Attention in the Korean Peninsula with duck with President Trump doubling down on rhetoric in pyongyang. An ugly day ine asia after ending the trading day rough. Pretty strong declines. We have been remarking how the markets have seemed resilient to these headlines coming out, whether it is on china, north korea, or russia. Here we are at the second day of the big losses. It looks like the market not quite knowing how to price in these ratcheting tensions, setting you up for a pretty dismal opening in asia. There are some guests we have talked to over the last 24 hours, is this all geopolitical risk, or an excuse for investors , investments that have gone too far and are too expensive . It is a risk off across the board. I love this line, hard to price in an extinctio