Level of the year. The yen strengthening as investors seek safety. Rishaad the u. S. Oil industry facing more chaos as harvey gathers strength. They are facing a renewed threat. Russell spencer of frustration at the u. K. , saying brexit negotiations are not serious. Michelle barnier wants more details. Let us get to todays events right away. Looking at this north Korean Missile test flying over the island of hokkaido, really unprecedented that we have seen a north Korean Missile flying over the japanese mainland. Let us look at what is going on at the moment at this chart, 8092. It is telling us there is not much to be worried about. No one worries, according to this. This is a signal index, below average risks for the korean currency at the end of july. That bit still persists. Just going to tell you who does worried. Investors, generally speaking. Goldrecent move higher in announced that 1300 level. A nearterm advantage, 1340 per ounce is on the cards. This has been further supporte
Justice department. The ride hail are make the r may have violated laws on bribery. Betty it is like deja vu, only we do not have a missile tests, but more headlines from north intermediate there range missile was a prelude to more action in the pacific. In particular, in containing guam. Stern words, saying they are watching the u. S. And their demeanor. I want to bring up this chart that shows how things seem to be changing quickly in north korea. Look at the number of missile tests that have been fired within the last 12 months. In this report since President Trump was elected, we are at near what seems like record highs. At least when you go all the way back to the early 2000s. Look at how quiet it was during period. Geopolitical tensions at top of mind for investors. Yvonne you see north korea continuing to flex their muscle when it comes to rhetoric as well as the Missile Launch, which some say is quite a provocative move, launching it over japan. The u. S. Security council happe
Territory of qualm. Rishaad the president visits taxes and says it is epic. Harvey bringing the heaviest downpour in u. S. History. Haidi growing doubts the fed will hike again this year, Major Applications for other central banks. Rishaad for years they have been the unloved part of the chinese stock market. We are talking about financials, lenders, and 8536, how things have changed. People looking at fundamentals as the big four report earnings. Is clear laggard Agricultural Bank of china, and the winner is the industrial commercial bank. What is happening, these companies have come back in favor, but this one issue has dogged them. Chinas big bang for banks and their nonperforming loan book. Theree worst performer because it is perceived to be the most risky as it does indeed have the highest number of npls on its books. All to play here, people looking for these numbers and other key makes aor what bank attractive. Absolutely. Campaigneleveraging isnt actually happening, so that is
Wednesdays drop, lower. 6 , back below 28,000 level. Seng, moving the hang telcos leading the drop down over 5 . China mobile leading the lag. Financials also on the back foot. Consumer staples gaining over 1 . Real estate slightly higher by. 1 , property stocks on a tear of late. A rally in developers after Morgan Stanley and city boosted forecast. Lets look at the banking stocks in hong kong. Given the slight losses, the big four beating estimates, but a mixed bag when it comes to investor reaction. Falling almost 2 this morning. Earnings watch for sunac. It did jump 10 ahead of results. Galaxy entertainment writing after profit beat. We are also keeping and i on Cosco Shipping after return to the black in the first half. When you look at the rundown for energy, the likes of jumping over 10 . , this stockut jumping the most ins january 2016, leading gains on the hang seng so far today. On the other side, laggards down over 2 this morning, dropping after its results. A last look at th
To stream new stories online news stories online. Kathleen lets get to breaking ecodata. South korean gdp, the Second Quarter figures just out. We can see a quarterly gain of 0. 6 , forecasted in line with previous quarter. The yearly number at 2. 7 . In line with the First Quarter in forecast. Insee a different income cpi. Ino points the 0. 6 august. Bank of korea just held policy steady. A lot of people think rising inflation will get them to push that rate higher. With so much uncertainty in north korea and new regulations in the mortgage market, they are just Holding Things steady despite this. Cpi,e take a look at that quite a beat at 2. 6 . Core cpi remains below the target for the be ok at 1. 8 . Domestically it seems like we are on solid footing. It is those concerns outside it left and right when it comes to china tensions in north korea that could be leading to more uncertainty for the economy, overall. Export and import numbers coming out in the next hour as well. Kathleen i