And samsung sticks with the big screen as it launches the new note 10. It is also working with microsoft. Sophie u. S. Stocks and treasury yields stage a comeback signaling more optimism. How are things shaking up markets in asia . Did see the s p go through the largest recovery since december 2018, but traders still clearly weighing as a valuations after we did see the biggest global plunge this week since february 2018. At the nikkei futures, a little bit of weakness, down about. 3 , and new zealand opening up about. 3 percent. We did see the new zealand central bank, india, and surpriseentral banks Interest Rate cuts. Some things we are watching for today, the big one is china trade did a, expecting exports and imports to decline, reflecting some of that pressure from the trade war. Other early indicators also pointed to some weakness. Also biggest trading partners have had weakness as well. Also watching out for that philippine economy secondquarter gdp data. Economists are predict
After eating sevenmonth lows. Theproducers can halt recent slump. The latest trade data from china. The numbers will show how deeply the trade war is biting. Lets see how things are shaping up for asian markets. The s p went after through the largest recovery since december of 2018, we are seeing some modest gains in asia. Nikkei futures down, seeing the new zealand stocks up 0. 5 this is after new zealand, india, and thailand surprised with Interest Rate cuts. We are watching for a slew of Economic Data the big one is the china trade data, expecting exports and imports to decline. We saw some week pmi data before. Also, philippines Second Quarter gdp data will be coming out, it grew faster in the Second Quarter. Expecting japan currentaccount surplus data, expected to widen. We will also watching for singapore retail sales. Paul lets check in on the first word news. War isescalating trade seen pushing the economy toward a first recession in a decade. Larry summers says the risk in the
Market stampedes to the bond market. Huawei may be collateral damage. We hear from the companys chief market officer. Sophie Financial Markets taken for a ride on produced terror threats on top of reduced trade when it came to manufacturing pmi. 2 from gains the losses. Check out the dow weighed by. Tocks like nike u. S. Futures hinting at further losses earlier in the asia session. Switching the board to check in on treasuries, rally across the curve sending 10year yields not seen since investors are as boosting their fed easing bets. Of thatd a strength string of we get Economic Data yesterday with japan and south korea pmi in that contractionary territory. An addition, we had news out of hong kong that retail sales had its fifth straight monthly decline. Were also awaiting another slew of earnings from asia. Want to check on the yen here after that trade news. Trump tweets announcing a new 10 tariff on 300 billion in chinese imports, not yet an effect. He goes into effect on january
We will look at the performance of asian makers and hear from General Motors. Lets see how things are shaping up for asian rackets. Markets. Roilings tweets are markets and the stocks look to be opening at a low. Taking a look at nikki futures, down a little more than 1 . This brings on the prospect of more retaliation. That will be way down on the. Hares of these Asian Companies especially when japan opens, we will be seeing whats going to happen between japan and south korea. We are expecting the Prime Minister to have an announcement about how they treat those south korean companies. Looking closely ahead to that as well as checking on the commodities later. Sophie thanks so much. Checking in on the terminal. Oc been numbers coming up, rounding out the three big lenders. Net income at 1. 22 billion compared to the estimate of 1. 9 billion. Allowances for loans and other assets came out at 111 million. Secondquarter growth was likely driven by expansion in interbank rates. Income was
Investors waiting to look at the notes from the recent fed and ecb meetings. Janet yellen and mario draghi meet this week. Is 8 00 a. M. Across the emirates. I am Tracy Alloway in dubai. David we are just entering the lunch break from markets here. A sense ofe you where asia started out this week. It has not been the most stellar. Ession a lot of this comes to the pullback. The big story out of europe, germany. Dollar. Ion low on euro were coming off a little bit those lows. Still under pressure. Gdp, cementing Southeast Asia as the rising star of growth among growth for thailand going back to 2013. You have some good, but mostly risk off. Definitely risk off in the markets. Some assets that mean a lot for this part of the world. Brent falling, down . 13 this morning. Meanwhile, the bloomberg dollar regaining some of its safe haven status. U. S. 10 year yields continue to grind lower come and now 2. 32 . A lot of that risk off feelings showing up in dubai stocks, some of the biggest ca