Tenyear. It is unchanged, 1. 83 . A point of reference more than anything else. Of positivity with regards to whats happening for sterling. Withabour party coming out drives of its manifesto, some are saying making it relatively unelectable. That would make perhaps a move on brexit, or Boris Johnsons deal on brexit. Stablepretty much against the dollar. That as we get growth details a little bit later. Lets get from whats happening here in new york. We have first word news with su keenan. ,eporter we start in the u. K. Prime minister Boris Johnson aims to win the support of u. K. Business leader today, offering. Ax cuts as an olive branch the december 12 the vote could determine how or even if the u. K. Ultimately leaves the european union. Saudi arabia has agreed to lower its valuation of the energy thet aramco to pare back size of the initial ipo to make sure of its successful about half of what has been considered for the ipo. It is seeking a valuation between 1. 6 trillion dollars
Wilbur ross tells bloomberg the china agreement is near periods tries President Trump wants this signing to take place in the u. S. The worlds Top Oil Company presses go on its longawaited share shale. They brought five brush off concern and says the price is right. Shery all change at the golden arches are the ceo is fired after breaking the policy. Markets have opened for trade lets. Lets get you straight to the Market Action. Sophie shares opening higher by 2 10 of 1 . This happened with the drop we saw for the benchmark. Keeping a close eye on westpac after a disappointing set of earnings. Ozzie yields tracking fridays drop in treasuries, rising six basis points amid trade optimism and a stronger jobs report. The aussie dollar is firmer. Offshorein on the yuan, trading below 704, building on fridays gains amid signs of stabilization. Asian stocks broadly looks to rises monday. Japan is offline for the weekend. Semiconductor players will be on watch on a report that the u. S. Govern
Gold isset classes, definitely a risk being taken off the table. Gold as the month and it had its fifth month of gains this year out of six. Gold may be down a fraction at the moment but we seen quite a rise, 1. 7 up in the last three days. Yen,. Strengthening. Lurchingar index lower, the 10 year yield unmoved by the price action and the price of money as it goes down. Without further ado, lets look at this listing. Esr making its debut in hong kong after raising 1. 6 billion. Exchange to the stock were sophie is standing by with someone important from the company. Ie jeff pearlman, the chairman of esr came in. Certainly a day to celebrate. Shares popping more than 5 . Esr group from a 2016 merger to become two of asias Fastest Growing warehouse providers. That was japans redwood group. Pretty much a fast growing story toward todays ipo. Lets get more on the story of esr. Congratulations. Shares popping at the start of trading. Why after the delay in june . Thanks for having me. End up
Questions in the senate. The strain of the trade war. We will bring you an exclusive with the company ceo. Lets see how things are shaping up in the early part of the asian session. Not much of a guide to what happened on wall street overnight. Sentiment down after a report that the trade deal between the u. S. And china may not decide at aipac after all and that kind of took a dent out of the s p after seeing earlier record highs. The asx just going online. We are seeing a flat start to the trading day. Flat to the downside. New zealand seeing upside. A mixed picture when it comes to asia futures. We have the nikkei looking lower and the kospi pretty much flat we are looking at a mildly positive open. Well. D decision week as we are expecting a cut this week when it comes to december. Not so much certainty. We are also on bank of japan watch as well. Lets get you the first word news with gritted. With ritika gupta. Ritika lebanons Prime Minister has resigned. Demonstrators were attack
Coming through in bonds with yields climbing. Up by six basis points. Weakness coming through in the offshore yuan. We saw it weakening yesterday and we are watching moves coming into the Singapore Dollar that has fallen the most in the month against the u. S. Dollar. Generally broad strength coming through. Market falling to the lowest levels. Rishaad lets have a look at the hong kong executives response to the weekends of violence on the territory streets. Su keenan for the first word news. Hong kong chief executive carrie lam has appealed for an end to apps of vandalism acts of vandalism after some targeted subway stations over the weekend. She said the government is continuing to work on a platform for dialogue with the public in order to resolve tensions in society and said there was no need for interference in hong kongs internal issues. Treasury secretary Steven Mnuchin says the u. S. And china have made a lot of progress ahead of renewed trade talks next month, adding that the