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
Phil im phil gayle. Welcome to the program. Later today, u. S. President donald trump will deliver his first state of the Union Address, laying out his governments agenda for the year. So lets have a look at two of the key issues he is likely to address. On trade, it is America First. During his speech at the World Economic forum in davos, mr. Trump repeated his Election Campaign pledge that the American Economy was his top priority and that the country is open for business. But America First does not mean america alone. When the United States grows, so does the world. Phil immigration and the future of the socalled dreamers will be the other key issue. The president has suggested he is open to protecting the 700,000 children of undocumented migrants who live in the u. S. Illegally. In return, he wants the senate to approve billions of dollars in Border Security funding. So lets get more from our washington correspondent, alexandra von nahmen. Welcome. So, lets talk about the president
Years. The twoday gain is the biggest since january 5. All of the currencies are rising against the u. S. Dollar. The british pound is up for 4 . Sovereign bond yield is rising in the third column. That is gmm. Nestle is opening the door to a possible sell of loreal. That would give the chief executive march night or ammunition to sharpen the swiss giants portfolio. The updates came as the revenue rose by 2. 4 last year on inorganic races. 2. 7 . Timate was it was a miss. Upped supplements. Nestle is down by 2. 6 today. The eem bond yields come the threat of u. S. Inflation rises, the benchmark treasury yields approach 3 . Bond yields are offering investors a wider spread since 2010 over the developed market counterparts. That is because of the recent global route triggered an increase in yield in developing nation debt. Inflation remains benign based on the average of 10 a. M. Markets compiled by bloomberg contrasted to Consumer Prices in japan accelerating based on the most recent re