Unlimited leave as the company navigates a wave of scandals and criticism. We have world coverage here on daybreak asia. We go to beijing for the latest on why a chairman is stepping down. Stateside, we are focusing on washington in the reaction to the allday testimony by the attorney general. This is daybreak asia, live and asianbergs u. S. Headquarters. I am betty liu in new york, it is after 7 00 p. M. Yvonne it is after 7 00 a. M. Here in hong kong. I am yvonne man. South korea, the unemployment picture from a looking better than expected, 3. 6 . The estimate was for 3. 9 . Labor market playing through than the previous month of 4 unemployment. We continue to see signs of healing and south korea. The government has proposed an jobs budget to help boost and income. Hopefully that will help with the youth unemployment factor. Economists have raised estimates for growth to 2. 7 . We will see how korea reacts in an hours time. Lets look at the state of play in asia. It looking better t
Asia. Mark carneys there is no rush to raise rates. Ma saying china will drive the Global Economy for decades, urging america not to miss the boat. More reaction to the msci decision throughout the morning. It is a question of locally traded ashares comprising as of Global Emerging Markets gauge. Thats right. About howen talking these china Largecap Companies have been outperforming the small cap. 123 on your bloomberg. You can see these are the big airlines,c, take among those that will be added for ashare and collusion. Capquestion is this premium gap between ashares and hshares. As this move gets underway, we will see the valuations in shanghai come down to match the global level. Lets get a look at the markets ahead of the china and hong kong open. These twin the stories, capital maycerns rotate out of other emerging markets. Saying Goldman Sachs korea, taiwan, and india may see their benchmark waiting reduced. There could be limited impacts onlyrean stocks given that takes place n
Bloomberg speaks to the oven of the bank of england at 11 30 a. M. U. K. Time. The u. S. Stops short of man. G a laptop dan what does it mean for the European Airline sector . What is it mean or your next trip to the airport . A break for murdoch. He u. K. Governor is expected to give his decision on a bid to sky later today. We will discuss the options. Are less than half an hour away from the european open. A pleasure to be back in berlin to watch these markets. Such an amazing trade yesterday especially overnight in the u. S. S that we have not seen in months. Gaining. 5 of 1 apiece. You can see what has been going on while i was delayed overseas bond trade. You can see over the last three days how much these yields have come up from less than a quarter of a percent almost up 2. 4 of 1 . Real big gain in yields and we will see of that continues. Guy see what happens when you go away . Lets talk about what is happening around the gmm. The u. S. Bank story driving u. S. Equity markets
Daytoday, awaiting the headline gdp number for the Second Quarter, but looking to scrutinize domestic activity numbers, fixed Asset Investment, Industrial Production, retail sales, all expected to show stability and she lower. Given it is a key Political Year for beijing, we are looking at stability as the theme when it comes to growth. Take a look at this chart that paints a picture of the boring trajectory when it comes to that headline gdp number over the past two years. We have been hovering around that 7 level. We really do want to look closely at the breakdown of the Growth Numbers are going to be. It the Property Markets slow down continuing to bode ill for the growth in the second half of the year. Have we come off the peak in terms of input prices. We will take a look at the deleveraging drive and how that is affecting growth. We are 30 minutes away from the open in hong kong and china. Singapore and malaysia coming online. We saw that interesting session in the u. S. Where al
Create a reality check. Betty this is daybreak asia, live from bloombergs u. S. And asian headquarters. I am betty liu in new york, it is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. I am yvonne man. The repeal of obamacare effectively dead in congress. What does this mean for President Trumps agenda is the big question. An unsettling move where the dollar is going. Betty it prompted the president to come out and talk about how many bills have been passed so to offset tenure these growing doubts. Get bigether he can measures passed through congress. That is causing uncertainty in the markets. We did close at a record, but it hardly feels that way after the initial losses this morning. Yvonne if you cant get health care, how much harder will it be to get tax reform and infrastructure . A lot of this week will be about Central Banks, and the boj starting that today meeting. The ecb with that decision, the 800 pound gorilla, on thursday. Hitting the dollar h