South korea. Infections slow in japan, but young adults becoming more vulnerable. Do infections in new zealand itsend weaken reputation as a covid19 beater. The Prime Minister is delaying the election. Down that is weighing matters in new zealand, but lets look at u. S. Futures. Uncertainty continues to plague markets as we kick off this new session in asia. Uncertainty when it comes to trade with the phase one meetings being postponed indefinitely. We are also getting an indefinite stalemate when it comes to stimulus talks, as well as uncertainty over the future of mailin voting and usps. Theve futures trading on s p, positive 5. 1 . The nikkei 225 up by about. 25 . We are continuing to watch price action on the topics, the worlds best performing index in august as we continue to see the encouraging recovery in industrials and financials. The japanese economy sent to crater by a record in the latest quarter. We are getting gdp numbers later today. In new zealand, back to one of the to
Economic typhoon. Turbulent times when out for Cathay Pacific protest in hong kong and the loss of the ceo. Shery we are seeing futures higher by four tens of 1 as we see more positive rhetoric from President Trump on the u. S. China trade talks. This on the back of a strong rally we saw on friday with the dow gaining 1. 2 and every sector on the s p 500 in the green. The s p 500 gaining 1. 4 on friday. We saw chipmakers leading the gains, after we had positive results out of nvidia. There was also positive sentiment out of europe as officials there hinted they would come to the rescue if the regions Economic Data deteriorated further. That gave a boost to investor sentiment. 1. 7 . Sdaq gained there was a lot of volatility still with those things swings on the s p 500 with more than 1. 5 intraday. This week the focus will be on jackson hole as we will wait to hear from a fed chair powell making comments later in the week. Lets see how we are setting up in asia. Place the pieces are in
730 7. 3 . Of i want to bring you this. What do we have at the start of the year . We are just 52 basis points now. That is probably factoring armageddon. What could possibly be going on in the eurozone to have yields that far out that flow . That is a thought. To new york and join su keenan. With germany,t this is a could muster 55 million in stimulus funding. The governmenth says it spent last time a crisis hit more than a decade ago. And it says it has the reserves to do the same again if necessary. The Prime Minister says action is not needed yet. The biggest problem is uncertainty costs in ongoing u. S. China trade wars. Senior white house advisers fanned out across the sunday talk show circuit to push back at fears of recession here in the u. S. They said the economy remains robust and consumers are still spending. Top economic aid larry kudlow and trade advisor Peter Navarro said there are no additional plans for not staying the course. I sure do not see a recession. We had some
And now for the main event. Its my honor to welcome our first speaker and distinguished guest, the australian Prime Minister, malcolm turnbull. Mr. Prime minister, thank you for joining us today and providing an opportunity to continue a dialogue aboutpr howe can all work in partnership to grow our economies to gather. For those of you who do not know, the Prime Ministers address is especially timely. 2018 marks 100 years since our two countries became allies in world war i. Since 1918 our relationship has grown beyond just military alliance. Globalization has allowed our states and citizensob to vote collaborate across a range of initiatives and or trade those investments to increase, despite distance and time zones. I have perfect opportunity opportunity to visit australia in 2016. During this trip i saw firsthand a significant cultural and economic ties between our two countries. I speak for all of us, mr. Prime minister, when i say governors are ready to elevate this Important Part
All right, a lot of news to kick off with. That the week that investors will focus on. Not a lot of Economic Data in the u. S. This week to drive markets. Everything from washington to , listening to what janet yellen has to say about Interest Rate hikes going forward. Lot of focus on Balance Sheet reduction, but also a recognition among fed and the and president s fed chief herself that inflation will remain low going forward. We continue to watch fed fund futures. Is what we are seeing when it comes to a possible rate hike for december. It has come down a bit from the fed minutes last week. The topic will be Financial Stability in wyoming. Any thing from janet yellen that could send a hawkish signal. Mario draghi more than janet yellen, reports that he is not planning any surprises, but he may talk down the euro. He has had a tough time with a lower dollar. That is complicating matters. A reminder for viewers on how markets closed friday, another day of jitters, but not as much. When