We are about 30 minutes out from the open in china and hong kong. Very interesting couple of days to come. We are keenly watching the u. S. Inflation report. Disappoints if cpi to a market that has been awkwardly repricing. Were also passing these comments from jay powell is saying that nothing has changed. Also a reminder, the last trading day for mainland markets before they shut down for the oneweek holiday. The last trading day of the year of the rooster. A modest recovery story playing out a link the lead from wall street. David, it is a busy day in terms of investors passing the data. David there is a lot of data coming through. As you alluded to, there is an Inflation Report that we are stuck between that. We are waiting to exhale or to gasp. Yes, you are getting gains but they are capped. Across the getting likes of gold, the dollar is back below one. 08. 1. 08. That is essentially a picture across the region. Little higher on the regional benchmark. We have malaysia gdp still
Down oil and gas production. Haidi hello from sydney. This is daybreak australia. We are talking about the first major market open. Betty i am betty lou. This weekend has been quite eventful. Just what happened over the weekend with Hurricane Harvey, hurricane category four slamming into texas. The fiercest storm and 50 years. The worst hurricane since 2004. A quarter of the production now expectation is it will not hit the whole of the u. S. Economy but certainly texas itself. Lets get a quick reminder before all of that happened how stocks traded on friday. Watching with bated breath what janet yellen was going to say, she was on message friday. That meant the market did not trade that much, not a lot of volatility as we saw by the end of fridays trade, the dow up 30 points. The s p up 0. 1 . The nasdaq trading unchanged. We have a lot had this week including jobs data in the u. S. , likely to dominate the chitter chatter in the market ahead of the data on friday. That is a mixed ope
Rishaad right, well, banks reporting out of china this week. Note onjust seen a nonperforming loans. People keeping an eye on that. This is an alarm bell for the amount of debt they are caring. Showing what 9438, is happening. Out of all of them, it is Agricultural Bank of china which is the worst. Its nonperforming loans seemingly worse. All will be revealed this week, the big four out with earnings and indeed these numbers as well. Haidi absolutely. A lot to digest when it comes to the asian open. We are getting the washer from jackson hole, more what wasnt said by janet yellen and mario draghi, the latter refraining from commenting on Monetary Policy or the strength of the euro. The dollar lower on the account of janet yellen sounding more dovish than expected. We had saber rattling out of north korea, and the big calendar when it comes to macro data. Friday, and china pmi rounding out that picture when it comes to the chinese economy. We are 30 minutes away from the open in china a
Rule. It is about geopolitical, the alpha today. Haven assets,e golden yield. 9398 shows the correlation between golden the yen, moving more closely. And the yen, moving more closely. If you think that is suggesting people rushing to haven status, it is roughly down to that when it comes to the next chart, 1861. There we go. 4500, just having come off the top of that, but it has clearly outperformed when we see the treasury bills, gold, and the yen. That is what we have at the moment currently. Haidi absolutely. Cycle ofck into this risk off and what happens over the next you days as that risk receives and investors get back into the market. This First Nuclear test of north korea of the Trump Administration and whether that is a game changer. A risk off but orderly mood so far in this asian session. We are 30 minutes away from the open in china and hong kong. Sophie korean assets in the spotlight. We are seeing whether we will see a recovery halloween this kneejerk reaction, which has
Rate. Sydney, its just past 8 00 a. M. , im paul allen. For we are two hours away from the opening of asias first major market. It is just past 6 00 p. M. In new york, im Kathleen Hays. Elections made the headlines today, conclusive ones in germany, new england new zealand, and a possible snap vote in japan. Angela merkel now faces drawn out Coalition Talks after former partner, the fpb says they go into office opposition. News from germany is the return of the far right to Parliament First time since world war ii. New zealand also faces possibly weeks of uncertainty after Prime Minister bill english fell just short of the majority in the house of representatives. His National Party, claiming 58 of the 120 states leading labor to 45 states. Those never could change those numbers could change. Now its back to to talk to the antiimmigrant new Zealand First party. Westin peters is going to be the kingmaker there. Lets take a look at new zealand stocks. The clock have changed, let us see w