We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tumble. They continue. 68 basis points. Lets get to our top story now. Hong kong marking 23 years of chinese role hou
China. Of course, we are going to get that 9 30 a. M. Press conference. Stocks as you saw look to higher look to a higher open. Dont worry about china iphone weakness why one key Analyst Thinks apples china woes are overblown. And two big tech names are moving in opposite directions. Oracle is falling on a revenue miss adobe rallying on an earnings beat we got broadcom to get to, costco, number of earnings this morning. Lets start with the Broader Market investors are trying to digest conflicti ining headlines. The Chinese Commerce ministry set to hold a News Conference half an hour from now. And, jim, we dont have a heads up in terms of what theyre going to discuss whether or not were going to learn about their view as in, yes, were all in or not. Kayla tausche last night, basically, you dont know where we are it is in flux. At 5 00 a. M. It was x, at 7 00, it was that, 8 30, new view. But the one thing is certain, this story that made the rounds, that the president has put out that h
Room to run. As a result, youve also seen pressure on treasury yields. Take a look at see what is happening with the treasury market some pressure on treasury prices the 10year sitting almost at 1. 891 yields, we watch them kind of skyrocket last friday after that jobs report was stronger than expected they came back down after they made it sound like the fed will not be moving anytime soon with this additional news making this happen. Going with every trade nuance up or down goes down, if it looks like the yields go down, if it looks like there is not a deal. We recover globally from the trade war. The two things of the fed and the economy. If the fed is on hold, the rates dont go up. If the economy are off to the races again. It is a thankless job people at home they see the screen from far away they zoom in, and take it for granted. They think we are just changing the appiture there is a guy. Hes running. He went running by, which startled me for a second, it was worth it, kyle you
So far this month. Oil prices and go places all decline. And oil prices all decline. Alix one area of stocks is the and smallcap stocks broke above the 200 Day Moving Average. Is thaty breakout, and an indicator to where the market could be headed. Meanwhile, global Government Debt markets, lower yields. That is the japanese 40 year yield plunging to a new low. I want to look at ireland. They had a 10 year bond auction today. Ireland still doesnt have a government. Yieldhart is the average on 10 year bond auctions in ireland. That continues to plunge to a new low. Ireland borrowing money at its lowest level ever this white not having a government. The Singapore Dollar tumbling in value, the u. S. Dollar tumbling. Singapores bank unexpectedly shifted gears, adopting a neutral policy, the First Time Since the aftermath of the Global Financial crisis. What does this mean . One of the most trade sensitive economies is telegraphing a gloomy outlook for regional trade. Scarlet there was some
Dependence media. Let me know what still confronts its been invited to inspect the bronze about how the words of the summits be on the recent video the Chinese Government outlines new matches can be used to Judicial Independence and pass by. Well welcome to cctv new slide from aging and until we stopped in finance Anti Government protesters have forced their way into the tie on these headquarters in ages. High profile targets in a bid to topple Prime Minister to mention a lot according to the on the statesman the protest is broken and capital at gates of compound and found push their way inside saying they wanted to soften it. Lets head to the army chief elsewhere in the car to find coke. Hundreds of protesters have surrounded how close is self deluding policy meanwhile members of the thai opposition democrat policy form of Prime Minister of the seat which itchy left and former finance minister was soon joined crowds of protesters do it yet as expected for two thousand protesters who g