Bullish. Ty the kiwi also in focus today. Saying theng through belowill avoid it dipping . 60. Trading indian futures and showing a move to the downside. Reflected in the session on friday when we saw a move to the downside again. The rupee holding on to some of the strength that we have seen and that is down to the decision, the surprise decision not to do anything about Interest Rates. There, 6. 6 . Ing up one rate cut had been factored in and it did not transpire. Let us find out what is news. Ing first word su the latest on japanese gdp. Japan moved faster than expected. Ratedl investment was higher. 1. 8 in september. Much quicker than the initial reading of 0. 2 . And three times as much as what the commoners were expecting. Continued strength in business investment. Downplayingt is recent missile tests in north korea saying the north Korean Leader is too smart and has too much to lose if he acts in a hostile manner towards the u. S. The envoy said talks on denuclearization are o
Daybreak asia. Thisr top stories wednesday, new questions about President Trumps many deal that says chinas higher purchases of agricultural goods depend on a reduction in u. S. Tariffs. The imf cuts its outlook for the fourth straight time. And sterling reaches a new high on high optimism about a new brexit deal. Shery breaking news out of south korea. The jobless rate ticked up to 3. 4 in september. The estimate was to gain from 3. 1 , so the Unemployment Rate higher than expected. We have seen weakness in the private sector, south korea very exposed to trade tensions and slowing global demand, although we have seen passage of that extra budget in august, which could provide support for labor markets, but so far september unemployment at three point 4 . Australian markets just open. Lets turn to sophie. Sophie. Sophie sherri, shares in sydney are breaking ground, advancing fifth straight day, in tokyo the nikkei 225 open. It fresh 2019 high with valuations below the fiveyear average.
Another 75 billion on repo operations as investors expect a cut in Interest Rates at todays fomc meeting. Damaged goods. Fedex delivers the latest warning that the trade war is hurting americas corporate titans. Larry kudlow says progress is being made on u. S. China straight you. As saudi arabia attempts to move beyond the worst Oil Disruption in its history, saudi aramco says it will be fully back in business soon. September, ourf gate will be at capacity. Matt good morning. Take a look first off at a onemonth chart of treasuries i have got here in my terminal. I took friday, monday, and tuesday off, so i missed this peak. 1. 9 . Ped up to thats one of the things we will be talking about today. We are all over the repo issues, also a big peak, a much bigger spike over a shorter time period. Take a look at the futures. We are looking at a negative yearre in terms of u. S. 10 in terms of equity futures. This follows gains yesterday certainly in u. S. Stocks as we get closer and closer
Good morning, from berlin i am pretty impressed that allany, france, and u. K. Band together with such an explicit statement blaming iran for the attacks on saudi arabia. Absolutely, the geopolitics is something we will focus on in this hour. A really interesting story on the bloomberg today talking about how central bankers are getting more concerned about the impacts on growth or Climate Change, another theme with the yuan General Assembly getting underway. Speaking of growth, what a painful set of pmi did yesterday impacting markets. Absolutely, especially here in germany we have a rating of 41. 1 on the manufacturing pmi, the lowest level in at least one decade and we are going to get the Business Confidence numbers out in just a few hours from now, throughout from now. Definitely something to Pay Attention to appear lets take a look at what stocks are doing now. We do not have real red arrows across asia. In fact for the most part you can see the msci here is up. 1 for asian stock
Cant believe we didnt tell him it wasnt for sale. I cant believe this is even a conversation. David when this first came out, every one thought it was a joke. Hes just getting hes just kidding. And then maybe not so much of a joke. Alix do we know why he wants greenland . David because the arctic, particularly because of climate change, has become much more important. There are really Strategic Interests in greenland. In fact, president truman tried to buy it in 1948 for similar reasons. You invited meis to my house, im not coming unless you sell me something. Alix in the market, we had retail earnings coming out. We get a nice rally underway here. Eurodollar is flat. It is a mostly weaker dollar story in the g10 space. Selling in the bond market with the exception of italy. Inflation expectations continue to rollover. No one taking any big positions headed into jackson hole. The question is how you hedge this. David time now for the morning brief. At 10 00 this morning, we get u. S. E