Arizona, and hospital cases in california all marking new highs. Plus top advisers to President Trump are set to urge the u. S. To undermine the hong kong dollar peg to punish china for its crackdown in the city. Ons get a quick check up how markets are set up for the open. Here is Sophie Kamaruddin in hong kong. Sophie in asia this wednesday, we are seeing a mixed start to the session with focus on china and if mainland stocks can keep up that rally we have seen for six days. Futuresd 14 so we have in the green for the most part. Hang seng futures settling higher after the rally did stall in hong kong on tuesday. Switching out the board, checking in on the hong kong dollar, which continues to have the 7. 75 mine as they continue to defend the peg, we are seeing little reaction in the curb. Jumping into the terminal for a big picture book, low 200 pips after the spike we saw in may but staying elevated on economic and political uncertainties. Tracking any reaction to a bloomberg report
Damage. China near a takeover of the airline hna, saying it wants to stem the economic fallout from the coronavirus. Cruise passengers return. The first batch of hong kong residents from the diamond princess are due back in the city today, but there is lingering confusion about their arrival. U. S. Attorney general william barr tries to invoke an old law that protected tech companies. Ike google and Facebook Paul nothing has been happening released since you have been gone. Lets check in on futures in asia today. New zealand already trading at the moment. X higher by a quarter of 1 . 1 in by 1 5 of australia. 771 millioned profits. Pretty flat. Qantas seeing an impact from coronavirus. Few catalysts to watch out for. Aussie jobs expected to rise a little and china expected to cut its loan prime rate. We have machine tool orders out of japan as well. Emily i want to look at where u. S. Markets closed today. Lets get to bloombergs taylor riggs in san francisco. Taylor risk on across the
Expecting 8. 6 and were getting 17. 7 . Those numbers getting close to the new years chinese holiday. Maybe there is a seasonal effect on these numbers. Rishaad these are good numbers, 17 . Lets have a look. We will have a look at what is going on with dollar numbers. Lets wait for that. Exports, in dollar terms. Do not have the dollar number yet. Nikkei up 0. 8 . At 29,000. Asx moving tohe the upside. Front andd the yuan center. 110 since may 24 or Something Like that. Getting more and more strong. 6. 87 . More strength coming through with the yuan. That could be down to what we are seeing with export, import and trade numbers. Yvonne these numbers when it comes to 2019, exports rising 5 from a year ago. Imports rising 1. 6 . The trade balance coming to 2. 92 billion renminbi. It seemshole year, things were looking better and not as bad as forecasted. Still in the green. David people would say it is backward looking data, but when you look at the trend, things are getting better. That
Committee. The meeting will be called to order. The chairman is on his way. He has asked me to gavel in and begin my Opening Statement and then hopefully he will be here. We are very, very honored to have chairman powell. We thank him so much for testifying today. I look forward to hearing your perspective on the current state of the economy, and the potential challenges ahead. Id also like to thank you for your thoughtfulness as you help steer the economy through what in some ways are extremely challenging times. As you have said in your testimony, by some measures, our economy is strong. The National Unemployment rate fell from 10 at its peak during the Great Recession to only 4. 7 when President Trump took office. And it has continued to fall. It now stands at only 3. 6 . The economy has continued to add jobs now for 10 9 consecutive months. More than nine years. Years. Inflation remains low. Below the feds target. Wages are moving up though not as fast as we would like. But it is w
Spending, good domestic momentum, but facing these headwinds in manufacturing. We are in the moderately accommodating stance, and thats appropriate. A shallow dip. Technicaloks at a recession. But this month data points to stabilization. We will be live in frankfurt for the reaction. Welcome to daybreak europe. Numbers coming through on the bloomberg. Let me get to those before i take you through the markets. What we are seeing from rwe is that its raising its standalone and that forecast for 2019. That is the red headline coming through here. It is confirming its dividend target for 2019. It has a ninemonth standalone itda is 1. 5 billion euros versus 1. 3 billion euros year on year. There are raising its Profit Guidance on the return of u. K. s capacity payments. It has raised that profit forecast for the year on earnings in its trading position and the reinstatement of the u. K. Capacity market designed to protect supply. That is what we are getting through from rwe. We are also loo