For stocks. A little bit of upside on the nikkei at the start of trade. We are still seeing dollar yen hovering at 155. 6. Of course its about whether we get any indication about curtailing of bond purchases from the Japanese Central bank. Seems like the bond markets are betting we do coming on the japanese 10 year government bonds. Lets take a look at what we are seeing in south korea. Yesterday we saw those declines on stocks as the metaearnings and outlook put a dent in what was otherwise a recovery for asian stock markets. Taking stock, weve seen four of the seven banks report and so far it looks quite good, especially after microsoft and alphabet knocked things out of the park, proving their worth and that they are able to make money from aia investments. Weve seen the upside in south korea as well, the korean won moving toward 1370. Lets look at whats going on down under. Australia was on break yesterday. The big news was how bhp is having a takeover approach for the rival Anglo
Competitively coming back in 200 fly and reclaiming the title he owned in 04 and 08 was a big deal to him. Tonight he became the oldest swimmer male or female to win individual gold medal in olympic history. We take one more look at Michael Phelps latest remarkable showing. So long from rio. Take your mark. Kenderesi in lane four. Cseh in lane three. Everybody on the planet has leclos. The other two swimmers have a great chance to win. Kenderesi probably because he is so young might not be able to do it. Phelps had a great turn in the middle of the pool. Cseh had the lead at the turn. Michael phelps in lane five looks like the lead here at the half way point. Phelps in lane five looking really good early on. That is a little long on that turn. Not too bad. But out very quickly. He was 53 flat when he went 164. Had half second lead on leclos. Now they are inching up a little cseh two lanes above him. Leclos looks like he is running a clear second. Michael phelps has the lead with 50 met