It is just past 8 00 a. M. This is daybreak australia. We are two hours away from the open of the first major market. Betty it is after 6 00 p. M. In new york. We will be looking at how the french election, how that will play into the Asian Pacific trading day. We know for the euro, it is strengthening right now. A lot of the macron victory was already priced in to the european currency, so sophie has more on the Market Action so far. Sophie markets liking the defeat of le pen in the vote. We are seeing the euro climbed following that victory, signaling appetite for risk in the early trading station session. Whenonly go up about . 01 it comes to the euro gains, but it is more than the two percent we saw in the first 15 minutes of trading. This is a fairly muted again for today, traders largely priced in the macron win. And find to the boat, is that we should not expect fireworks. It is not the case today, but the exceptions elections are a positive for the eurozone, and macron will str
French election with a decisive win over Marine Le Pen. Rishaad right, we are looking at what is going on when it comes to trade numbers out of china. They should be out in the next hour, about 35 billion, the surplus there, giving us an idea of what is going on with the Global Economy and domestic demand, the intrinsic point for the chinese economy as we see this rebalancing taking place. Seeping out of the country, but it feels like these capital controls are working. Haidi some pretty jerked capital controls. Draconian pretty capital controls. We did see that in the fx reserves. 8392, that pulls together these stories, the yuan stabilizing, the spot rate, and then the monthly foreignexchange reserves. Around 3ll sitting trillion, but that number was much better than what economists were in, but does reflect a capitaluan, stricter controls but stopped money from leaving the country, and arguably a pickup in terms of sentiment in terms of how investors are perceiving how the chinese e
Commerce at the race to the bottom. And im seoul, South Koreans are headed to the polls to cast their votes in this historic election after theous ter of the former president and what we are seeing geo political tensions u. S. Certainties with the and china. Ill have the details next. That is our top stories. South koreans headed to the impeachmentplal and of the former president. The next leader who is successful in this transition period. Take a look at this chart, amidst the volatility, korean assets have been resilient. D it has been ranged since 2011. Nd reaction to markets and valuations across the korean stocks in a world where we are seeing so much cheap money going into equities and going into yan. Arks and the and look at the positioning of going into the election, the currency is a good place to look at. If you look at cheapness. The g8, the gap at the moment this is ween the two chinas index as opposed to the other index and what we have and falling 2. 8 . 1 na index advanc
Billion. Sydney, just past 8 a. M. Im haidi lun. This is daybreak asia. In new after 6 p. M. York. Im betty liu. We will be looking in all the action on wall street playing into the asiapacific trading day. Two within the last minutes, we got that breaking news out of washington. President trump firing the fbi director james comey. Our chief White House Correspondent has the latest on this news. . Evin, what happened here he fired comey on the recommendation of attorney general jeff sessions, right . Reporter yes this is breaking is just coming out of 1600 pennsylvania avenue, where fbi director comey has been fired. President informing the fbi that he will no longer be leading the bureau. In the letter where he informed mr. Comey of the firing, he says i want to read it to you. He says while i greatly appreciate you informing me on three everett occasions separate occasions that i am not under investigation, i nevertheless concur with the department of justice that you are not able to
Billion. Sydney, just past 8 a. M. Im haidi lun. This is daybreak asia. In new after 6 p. M. York. Im betty liu. We will be looking in all the action on wall street playing into the asiapacific trading day. Two within the last minutes, we got that breaking news out of washington. President trump firing the fbi director james comey. Our chief White House Correspondent has the latest on this news. . Evin, what happened here he fired comey on the recommendation of attorney general jeff sessions, right . Reporter yes this is breaking is just coming out of 1600 pennsylvania avenue, where fbi director comey has been fired. President informing the fbi that he will no longer be leading the bureau. In the letter where he informed mr. Comey of the firing, he says i want to read it to you. He says while i greatly appreciate you informing me on three everett occasions separate occasions that i am not under investigation, i nevertheless concur with the department of justice that you are not able to