In hong kong demonstrators clashing with police. Doubts grow over Masayoshi Sons investment record. Topics question his strategy after a series of expensive setbacks. Desktop banks question his strategy. Staggered open, not seeing a huge amount of action. We are up. 1 . Looks like a positive day rolling a flat close of u. S. Equity markets friday. Good news from the u. S. China trade dispute, seems to have been priced in. New zealand has been flat all morning. Seeing modest gains for nikkei futures as well. By s p is pointing higher. 1 . We have also had out of economic the midyear and fiscal outlook. The surplus budget is falling, narrowing a little, same story for the following year and the growth forecast, the government trimming. 5 . A lot of data out of china. We will have new home prices, fixed assets, Industrial Production among others. Later on we are joined by the australian finance minister. He will be joining us on daybreak asia to discuss the budget and a look. For now lets
It calls rioters during recent protests. And a powerful typhoon ripped through the philippines damaging homes and forcing thousands to evacuate. Now its the 75th anniversary of the worlds biggest military alliance but even before the nato summit begins in london deep divisions are already on stock display among members from both sides of the atlantic president has his house at french leader. He and nato secretary general against elton back both reacted shoppy to microns recent description of nato as quote brain dead. Better serves a greater purpose and they got to be unfair to the United States because the United States has created this proportionate amount and i heard the president would groan said there was a grade that i think is really insulting to a lot of different origins including many of the British Government running with him and they believe i am in need who is on our soil it is adopting on and on do not just in the last year or 2 of the months since the end of the cold war
Business i. Welcome the tariff wars continue with no end in sight just a few weeks ago marcus was celebrating what looked like an end to the trade conflict between the u. S. And china but trump has changed his tune now the us president is saying hes no rush to get rid of tariffs quite the opposite now trump wants to pose a whole new raft of them and china markets were hoping for a different end to 2019. Peace and joyful tidings while the white house was showing videos of the 1st lady in a Winter Wonderland u. S. President donald trump was bringing tidings of continued and even higher punitive tariffs to the nato summit in london putting to rest any hopes that a trade deal will happen any time soon he said i have no deadline no in some ways i think its better to wait until after the election with china. Shares and Companies Like apple and caterpillar which have. Auction based in china lost value in response to that message. The threat of more tit for tat style tariffs from the u. S. Con
To blocking a no deal october brexit as he says hell seek an early election. Vote tomorrow to stop negotiations and to compel another pointless delay to brexit potentially for years and that would be the only way to resolve this european stocks jump with german car makers feeling the relief the ftse mib out performed while italian banks back a new coalition with the pd. And luxury stocks laeap alon side the hang seng and the executive sparked antigovernment protest weeks ago. Well, a warm welcome to street signs we have a packed show. A lot to get to we had much better numbers out of france and the preliminary number also better in germany but italy has come out a little bit weaker so broadly speaking putting all of these together, it does paint a picture of at least from the pmi perspective, the data appears to have bottomed from where we were in july. Its early to say that. Its interesting to see how the ecb reacts to the latest data now in terms of the ecb is the Banking Sector and
A time when the world sold the business of the Chinese Communist party, those logs, a domestic matter online, and apparently secretive politics in a country essentially closed off to the rest of the world, but not anymore trying this transformation into an economic and technological powerhouse is in a globalized world, means that what goes on there is keenly watched by political leaders and businesses everywhere. Both east and west need. Each of the economically, the trade between the 2 now takes place in a much more volatile g, a political climate. Some of thats due to more confrontational relations between china and the us. And a few upsets in the countries economy, notably in real estate, have worried some investors who was on the agenda at the National Peoples Congress Annual gathering, with 3000 delegates meeting over a week to set out china as priorities for the coming year. So what all day, and what do they mean for china and for the rest of the world will be asking, i guess tho