Getting a carryon of this sanguine sentiment coming through from asia overnight, we had some exuberance yesterday after hitting fresh record highs. Our hopes that we could get up three chris is tax reform surprise prechristmas tax but are concerned about a partial Government Shutdown if a deal is not reached by next week. Over all we are seeing a pickup in the markets. One thing we are watching his commodities. We of course have a situation where it has been a extraordinary bull run when it comes to commodities so far this year and a lot of it has in down demand in china continuing to pick up. We are going to be looking into the question of whether that will be coming to an end, ryan, given that we are seeing the Housing Demand pull off in china cool off and china. In north korea, sanguine reaction when it comes to the equities markets in asia. You can see on the chart, we ave had the increasingly repetitive indications that the missiles have gotten more advanced incapability or nuclea
Commission into the financial industry, the bid for say it it is vital tosay it rebuild public trust. Rishaad a range of new sanctions with chinas xi jinping. Di and the white house the administration can influence the bank as few have ever before. Straight to breaking news we have got some from china now. Stronger than expected for manufacturing. 51. 8. Looking at 51. 7. Manufacturing. R nonmanufacturing pmi summer than octobers number, 54. 3 pmi for november. 50 is the breaking line between contraction and expansion. Been faster than had expected by the economists cured perhaps the readthrough of this faringchinese economy is better than expected. Stability being a watchword. Better than stability. We have something and can do stability pretty good. That is what we have a moment. Let us see what has been going on in the south. Range itscted to benchmark rate for the first 2011. Ince t Stephen Engle is in seoul for that centralbank meeting and we expect comments out of the governor of
Ride still means it is far too early to say hello. Welcome to bloomberg daybreak asia. I have some breaking news. South korea data coming in. Gdp numbers first. The final reading of the Third Quarter readings. They have been quite bullish in the preliminary numbers driven by exports growth out of south korea. 1. 5 are the final numbers, slightly better than the preliminary figures. Also, above what the preliminary numbers werent that were reported earlier. Inflation also coming out pretty tepid. A decline of 0. 7 . A retraction. No change was expected month on month. And year on year inflation falling short of forecasts, 1. 3 . It was estimated to be 1. 8 . And core cpi year on year toling short, 1. 2 compared the estimation of 1. 7 . Happening asion is the bank of korea raises things by 25 basins basis points. Have raised said we rates but it is still very accommodative. Paul it will be interesting to see what the bank of korea goes to next especially considering the weaker than expec
Keeping in contact, linkedin has big plans for asia. We are going to set the challengers and the rivals. We are heading into the end of the trading week here in asia, and we do have a really supportive lead from wall street as we had the dow passing 24,000. The s p seeing its longest streak, monthly gains up by about a decade. We are going to get a potentially before christmas. We have over the last half hour or so had the announcement of suspension until 11 00 a. M. Friday morning in washington. The key compromise has collapsed and is scrambling to salvage that. Buoyancyeing the passed through to the Asian Session. Couple of key numbers when it comes to the agenda today. Japanese inflation edging slightly higher, but surging still half of that target. We saw south korean inflation falling more than expected. The other piece of data we are watching for his the pmi. The private manufacturing survey. This one versus the official reading which came in stronger than connected yesterday, at
Heidi welcome to daybreak australia. Betty over the next hour we will be looking at how all the action in wall street is going to play into the asiapacific trading day. The fed meeting later this week. On friday, we saw the jobs report. The economy is heating up and thats it u. S. Stocks to rec ords. We saw the late day push for the s p and the dow. Lets show our viewers what happened in u. S. Stocks. S p higher. Dow adding 100. Aimlessres a little but still rising by. 04 percent. Bitcoin futures will be trading for the first time on the cvoe global index. One step towards legitimacy . This year one of the things has been the debate over bitcoin. And it legitimate for an option for those wanting to have control over the worlds money supply. We have been talking about Bitcoin Futures and one of the twins saying were going to see a 17 fold increase in bitcoin due to volatility. A record session high in the u. S. Probleme did see the with wage growth. To new zealand for a quick check of t