The u. S. And china clash again, this time at the virtual u. N. Meeting. U. S. Futures are flat the moment. This after another volatile session. We had stocks rising. One mega cap rebounding. The s p 500 recovering from an early dip prompted by some comments coming from jay powell. Mnuchin spokery in congress today. The dollar touched a one month high. Look at what oil is doing at the moment. Wti is below 40. We are also looking ahead to the asian section. We are suspecting policy changes to come in the november Monetary Policy statement. Large parts of the market expecting the negative rate to take place in the First Quarter of next year. It looks like a modest start to the trading day. Cindy futures are looking positive. Watching the aussie and kiwi dollars. We saw the u. S. Dollar strengthening to the highest in five weeks in the overnight session. Repeating that the u. S. Economy needs more support and has a long road to travel before it will fully recover from the coronavirus fall
coronavirus and e-commerce, the u.s. stock market closed at a record high amid optimism that the global economy can recover from the coronavirus. we ve all get an idea of how our next guest agrees. caring us now is the other alibaba is weathering the storm when alibaba reports on the is beata kirr. company s 2020 outlook or it but first, another day, more record the sorrows fire us was a highs. six-month-long drug and then we did see regional recovery the gains,traight days of sars virus had a six-month-long everyone and now, at least brushing off some of the drug and then we did see a regional recovery. economic impact of the virus and is this a pre-good reason to i wanted to take a look at the take a look at the polity of now, it looks like investors your portfolio quality of your portfolio? beata: we are really focused on shrugging off and wanted to take a look at the 10 year yield fundamentals and outcomes based getting a little bit of a lift. on those fundamentals
Sydney. Welcome to daybreak australia. We are in our away from the opening of the markets. Good morning. For thegood morning japanese Prime Minister, shinzo abe, and looks like he might get a super majority going into the elections. Upsaw nikkei futures going half a percent. The yen at seeing the lowest in half a month. 114, getting close to the 113. 90 is where were at. Abesexpectations that gamble has paid off, and looks like he is secure the super arerity, and the markets interpreting continuity when it comes to this ultraloose Monetary Policy, as well as flexible fiscal policy. Lets get over to yvonne man, who is in tokyo. Victory byis is a default. Were there any surprises . Pretty much deja vu again. Forcing a split to what we saw in the 2014 election, but it is a potential come and looking more likely to be a landslide for shinzo abe, with the 465 seats for grabs. We are seeing the ldt and its Coalition Party coming out with 460 five. Out of the a close second, a little bit of a
Dose of stimulus since 1990. Amazon aims to capitalize on chinas fascination with all things japanese. Coming to you live from our u. S. And asia headquarters. Betty i am betty liu in new york. It is sunday evening. We begin with breaking news just crossing the bloomberg from south korea. Current account surplus for june coming in wider than the prior month at 12. 17 billion. This is after it widened to more than 10 billion in may. We will watch for trade data for july coming out in an hour. Pmi later today. We will see how things go. So far, stocks heading south in new zealand. After funollar flat fonterra maintain that milk price. Its still up in the air what the central bank will do. The aussie dollar at . 75. The yen climbing 3 after the boj disappoints. Territory today, stocks seeing a pullback today. Governor kuroda throwing the ball back into shinzo abes court. Lets go back to our top story in asia. Spree, back its buying snapping up assets from club med , but now focused on get
Vindicates the focus on media and entertainment. ,ollow me on twitter rishaadtv use trendingbusiness as well. China out with manufacturing pmi numbers. Tom mackenzie is in beijing. What are we seeing here . A minor miss for the july manufacturing pmi data. At 49. 9, then manufacturing pmi for july. The forecast had been for 50, so marginally off. It was 50 in june. I dont think that will cause concern amongst holocene makers, but below forecast. China policymakers. Nonmanufacturing pmi and june was supported by the construction sector. July nonmanufacturing pmi 53. 9, so it will be interesting to see if services have picked up. Key details in the manufacturing firms,a is hiring by factories, keeping labor costs low, starting to increase employment numbers. Also, fixed Asset Investment has been weak. It had been hoped that the weaker renminbi would support manufacturing. Deflationary prices at the factory gates have eased somewhat. Thee is more credit in system in china, so manufacturer