Rishaad just looking at what is going on, you would think asian equities would be expensive relative to the u. S. They beat the s p 500. I want to bring up this chart. If anything, pricetobook ratio, and forward asiatoearnings spreads, stocks looking more attractive compared to u. S. Counterparts. Those spreads have widened to four. Nus there we have it. The rally could have legs. Fascinating its not just a more by you, but getting cheaper. Have not seen the political dysfunction in Washington Play out when it comes to the markets , and some jitters in the asian session. The last time we had a the lastt shutdown, three times, the s p 500 gained. Three, so wen day not just asian equities, but in the u. S. As well. Decisionsnk dominating the agenda, as well as u. S. Gdp. Sophie kamaruddin joining us now. Jitters. E do have asian stocks kicking off the session subdued. Japanese stocks are slipping as the boj policy decision is due tuesday. Lets check the open. We do have the taiex gaining
Rishaad kicking things off with , getting those numbers. How this hass us all turned around in recent months. , the factory gate price number we did have, and well, expecting the same level at the moment. The government crackdown on risky lending. Restocking inventories, and that would mean they do that despite the recent upswing as well. 5. 5 , cpi coming out. Holding steady, that stabilization story that beijing wants to push for this year. We will look at import prices and the impact of technology, whether that is keeping inflation and wage growth far away. Asia, singapore, malaysia, and taiwan coming online. Asian shares tracking wall street. Japanese stocks and shares in sydney leading gains. Tokyo rising the most in three weeks despite the disappointing core machine orders data this morning. The yen trading near a twomonth low, although now deepening losses, 114. 18 right now. Kospi higher, consumer stocks dropping over 1 . On korean won building gains, up. 3 against the dollar.
Welcome to power lunch. The dow took a triple drop when donald trump junior released an email of his plans to meet with a russian attorney that apparently had information about Hillary Clinton. The major averages have mostly recovered. The nasdaq back in positive territory. Higher by 3 points tyler . I thank you very much im Tyler Mathisen we begin with the latest developments on that email drama involving donald trump junior, russian interests, et cetera, et cetera. Kayla tausche live at the white house. Reporter the existence of these emails first reported by the New York Times and later tweeted the enfire chatire chaid appear to show the motivation for the meeting that the president s son took in june of 2016 with a russian attorney said to be connected to the kremlin. It would seem to support that the purpose of which was to obtain incriminating information about Hillary Clinton, then the president s opposition in the president ial election. According to these emails, a publicist w
Condolences to the victims of war. Singer laura, taiwan and kuala lumpur are just coming online. David i dont have anything lost to say. We are caught in this lul; between loll christma an new years. You look at some of these markets. They are basically treading water. Bobbing between gains and losses. Thats the case in new zealand and japan. At a lack ofg capital. Do you keep in mind come as we move into the last few days of this year, we seen a lot of money get sucked out. Malaysia, taiwan, the philippines, these are some of that have really gotten sucked out. We are flat in the regional benchmark. It might get interesting when china and Hong Kong Open up. Currency markets as promise, we are seeing Dollar Dollar strength come through. Thing is quite thin. Theres not a lot of activity going on. It comes at a time of the day when a lot of these banks in japan come up with their daily yen fixes, if you will. Have a look at sterling and cable. Lack of news . Im not going to speculate on
New fears of a bubble. Haidi beijing and washington prepare for top level talks over tensions and trade in north korea. Rishaad the secretary of the state turning up the heat on pyongyang, saying the gears of patients are over. Lets look at the markets, no trading in tokyo. , some data coming through, reaction to house price numbers out of china. Also the followthrough on this trip by secretary of state Rex Tillerson. That a lot to impact from tillerson visit. , currencies seems to be off the agenda and that g20 communicate. Forwonder what that means that fear of a currency war between the u. S. And china. We are 30 minutes away from the we are 30 minutes away from the open end the mainland and in hong kong. Sophie we do have new zealand stocks leading the drop, voice for the biggest fall since november, down 1. 2 . Aussie shares are snapping a four day advance. The yeartodate rally is a repricing for an oldschool economic recovery led by shipments to the u. S. Take a look at currencie