Im anna edwards. Im rishaad salo. Anna fascinating markets this factor we increasingly in less chance of a fed Interest Rate hike in september, that seems to be many of the equity markets are basing their move on. On throughnvestors where we have been. The asian stock market picture. We have the hang seng up by 3 10 of 1 . The asiapacific up by 3 10 of 1 . We have the aussie dollar up by half of a percent. The Australian Dollar increasing even before we got the Interest Rate decision, increasing for a sixth day. No change from the rba. We will discuss that a little later. 1. 9 as markets weigh up this commentary and agreement of sorts between russia and saudi arabia. We heard about it in the middle of the european trading day, but markets talking about those efforts to stabilize oil prices. 1326. Ice is stable at lets get the first news. The Australia Central Bank has kept Interest Rates at hold as they await the u. S. Federal reserves next move. The board left the cash rate at 1. 5 .
The heels of that Disappointing Services report. Joe energy, utilities also in decline. Day. R a pretty solid we have that feeling when you are so high on the s p 500, you dont even need to do much to get a new hive. Im going to look at the market minutes for stocks and looking at some of the sectors in particular, one in the energy group. Despite oil being down recently, energy has held up fairly well. We are year to date up 15 and largely flat since the start of july where oil has had more volatility. Is veryor that important Going Forward is the financials group. We were looking at some weakness there. Investors start to reassess expectations for a hike. Financials have done well here with the expectations. Any changes to that speculation could send that down further. The brakes ended up closing. Your today, we are down. In the green for some time today, which happens every now and then. In the red closing so all is well in the world. The lets look at Government Bond market. Notable
Hanjin seeking to stop vessels from being stranded. Let us know what you think of our top stories. Straight to the markets. Hong kong getting underway in half an hour. Goinglumpur just getting on tuesday morning. Labor day currently in new york. David when you look at the basically next. This is what asia is looking like. Lets talk about europe. Flat fat slightly lower. Just above water there. Ftse 100 down. Asiapacific, what we have seen has been a kickoff when it comes to japan. Have a look at new zealand and south korea. Volumes are flat. Of korea just comes down to the turnover because of the surge in trade in hanjin shipping. Korean air and all the related companies in that trade. Taiwan out with Inflation Numbers, missing expectations. Just over half of 1 for august. It is much higher. No clear direction for asian markets. Have a look at currencies. The dollar is up a little bit at the moment. Europe butsession in a bit quiet when asia started. He dollar to yen, backup as you can
A lot of japan looking at hong kong and taiwan the performers across asia though hong kong is really, really ushing it. Lets shift gears away from the equity markets and look at what is happening across currency. Mostly a dollar up, moderate gain. The taiwan dollar here, part of this group pulling back against the dollar. Another tepid set of inflation reports out of each country. 46. 60. Weaker against the u. S. Dollar. If you look at the aussie dollar that is i think up for a fifth or sixth straight day ell above u. S. 60 or 70 cents. Commodities, with oil prices you can see ticking up further looking at maybe 80 cents higher compared to the cut off here though the iron ore prices youll want to watch very closely. Look at the contracts in singapore on the way up. Relatively its a decent session so far. Fplgs were good with that. We are moving ahead to the abe decision at 12 30 hong kong time. It is the end of an era in australia as governor glen stevens holds his final policy meeting
It is just past 7 00 p. M. It is just after 7 00 a. M. And hong kong. Happy early monday. This week is all about janet yellen and governor kuroda taking center stage. It seems like the boj might overshadow the fed this week. Thats right. It was an interesting time. Last night, we saw some hand in hit manhattan. More on that later. Just to see how things are kicking off so far. Consumer confidence and new minutes ago, aew recovery in the Third Quarter. The kiwi dollar flat. Meets later this week, but no change expected. Australia, five straight weeks of losses. We could see a soft open in sydney today. We are seeing a lot of Dollar Strength since friday after that better than expected inflation for august. Japan futures are pretty much flat, yen holding on. 102. 26. What will we watch in new york . Two week ramy ramy two words, the fed. We have to talk about the bombing. How is that potentially going to affect trading . Linkght now, there is no to International Terrorism. It is being pr