And tear gas the streets. Australia orders large scale from bushfires as the death toll mounts. Sophie lets check in on the open in sydney after the asx 200 best annualrop the performance since 2000. We see it open slightly to the downside as we wait for markets to come back online elsewhere in the region. We are getting some data from australia coming out this morning. Home prices notching up the biggest threemonth gain in a decade. We are not seeing much reaction in the aussie dollar, softening a touch after hitting a fresh high. New zealand equity markets remain closed and the kiwi dollar keeping fairly steady after topping 67 this week and japan also remaining offline thel january 6, again, currency cap a Fourth Annual gain. Paul thanks very much. President trump says he can assign the first phase of a trade deal with china on the 15th of this month ahead of a visit to beijing where talks will begin on the next part of the deal. Lets bring in our china correspondent now, selina wan
Turnout in hong kongs district elections as protests have their say on carrie lams government and drive for democracy. Stocks with these risks, are still managing to push ahead to a third monthly gain. Lets check out how u. S. Markets closed friday. S p 500 closing just higher, led by automakers. Stayingt weekly loss, within 1 of a record high. Treasuries flat for an eighth session on friday. The curve has not yet inverted but we are keeping an eye on that. Looking at the mood in asia, we are setting up for a mixed start. Shares to the downside at the start of a week which brings us gdp reports from india and taiwan. And a policy decision from south korea. Here in hong kong we are going to get trade data on tuesday along with alibabas secondary listing in the city. This, after elections took place on sunday, november 24, which also marked 50 years since the debut. Sterling is testing fridays high against the euro after the u. K. Conservatives unveiled the election manifesto. China said
They are weighing new investigations. A record turnout in hong kong as prodemocracy looks set for big gains. It is the first opportunity for hong kongers to vote after months and months of violent protests. Paul lets get you across some breaking news on the bloomberg terminal. Carl icahn is said to seek control of occidentals board. He plans to nominate 10 directors in an attempt to seize control of the u. S. Oil and gas producer. This is according to people familiar with the matter. Is said to be looking to seek control of occidentals board. We will bring you more details on that as we get them. For now, trading has begun here in australia. Lets take a look at how we are tracking. Currently higher by just over. 1 . We have a staggered open here in australia. Stocks coming online in alphabetical order. We are currently in the as. The one we are really looking forward to is westpac in the ws. This packet slipping about 7 in the last week on the back of this Money Laundering scandal. 4 o
Back on washington demands for enforcement. New details on the Alibaba Hong Kong ipo, offering shares at 188 hong kong apiece. In on lets check australian markets. We are seeing a slight gain for the asx 200, gaining 2 10 of 1 according to what i am seeing, pricing on the terminal right now, aussie shares set for second weekly advance, so a mixed picture. However, when the rest of asian central, stocks under pressure, kiwi stocks nudging higher, flipping up the board to check in on the kiwi dollar Holding Steady, not moving much as we hear from the rbnz governor this morning and he said despite a pickup in the economy, they are looking at pmi data hinting at that with growth returning in october, making for the highest reading this april. The kiwi dollar set for a weekly gain after the midweek surge and on a surprise hold right there. We have the yen Holding Steady after the biggest jump in a month right there. Lets get first word news with jessica summers. Jessica thanks, sophie. Fed
That is after that lackluster session on wall street. Divisional benchmark stalling after a fourday the regional benchmark stalling after a fourday gain. The nikkei future five on the retreat. Front, had on the data japanese retail sales showed a presales tax hike boost in september. That may further encourage the boj to hold fire as domestic demand has been holding up. The hun sen is under pressure as investors have to consider this. The hang seng is under pressure after investors have to consider a weak economic future. Checking on the aussie. Third quarter inflation met estimates. The yuan is holding losses. The chile trade deal being signed. The pound is going nowhere. That continued delay on the traderexit and picture, that has pushed volatility near an alltime low. Pricing markets are seemingly and into the shocks. Lets go to first word news. Kongsstart with hong chief executive carrie lam. She says the nearterm outlook for trade and dismal. She says the economy grew. 5 percent.