This is daybreak asia. I am betty liu in new york, where it is just after 7 00 p. M. Charlie it is just after 7 00 a. M. In hong kong. It feels like summer. Quiet in the markets. We have the trade figures of china and the trade balance in japan. Betty those are the big numbers to watch. Big market moving event. In terms of here in the u. S. , it mergers of a focus on that may or may not happen and specifically a look at Berkshire Hathaway and what they may be eyeing out on the horizon. Oil Prices Energy prices in particular in focus. Despite the drag, the market still managed to get out the gain. We will go through that in a moment, but that is setting up for a slightly bullish tilt for you in asia. Yvonne let us look at how things are playing out here. Cpi figures out of the u. S. New zealand, we are seeing the stock with weakness. 7356. Wi, the traders are worried about the dollar edging up. The worst currency in the g10 space, ahead of the decision this week as well. We are seeing a
Rishaad we are a leading an important trade day out of china. Looking at july numbers, expected to be up about 11 from a year ago. That would be similar to what we did see in june, 11. 3 gain. Early indicators are positive. Lets have a look at what is going on. This is trade, remaining resilient. Administration, trade seems more and more likely, are also looking at steel. Steel exports rank 2. 5 of the total to china. This is what we have currently. We see have exports and imports are down from elevated numbers we had great other than. 3 is the big number from exports in dollar terms. Imports, 17. 2 . Thats what we are looking for when it comes to trade numbers. Could be out anytime in the next couple hours. On thethis will build back of the fx reserve numbers we had late yesterday suggesting that there are six straight months of building reserve expectations for the yuan. You have to take this with a grain of salt heading into congress. It is the consolidation of power and policymakin
Entertainment. This is daybreak asia i am in new york where it is just after 7 00. It was an extraordinary jolt for u. S. Markets. 10 days of record gains when it comes to the dow. S p also seeing record high. It shouldnt have taken very much for that jump to happen for volatility to jump. Withrprising it came strong rhetoric from President Trump. It is hard to discern what that rhetoric means. Does fire and fury from President Trump, what does it translate into in washington . It jolted the markets and caused us to fall to session lows. But we seem to have come back a bit, closing lower still. It was the initial fall that rattled the markets. Going to be focused on china Inflation Numbers here. Haidi thats right. Not to much overreaction when it comes to the aussie dollar. Look how it is setting up given a fairly volatile session. Lower sessions today. The kiwi dollar for a second day was the worst performer of the g10 currencies. No expectations of a rate change but certainly some we
Rishaad uncertainty of geopolitics affecting sentiment out there. Having a look at the volatility index, going to show you what is going on, because weve got levels being elevated. Ofe risk since the end october. This is where we are at the index. With the vkospi we have missile tests that elevated risks, but not quite like this. Normally south korea is sanguine when it comes to the threat from the north, but nerves are creeping in, haidi. Haidi thats right, and just as well that the japanese markets have closed. To latest Public Holiday appreciate the beauty of the terrain in japan. That does not mean the yen is not trading. We are seeing further demand as a result of the safe haven that picked up pace overnight. We are 15 minutes out from the opening of china and hong kong. Dave will take a look at the markets. Dave we went from 112 to 109, i guess keeping with your mountain day theme. We are offpeak. Far, inrkets opened so the past hour. Three markets opening up taiwan, singapore, m
The Second Quarter gdp, soaring while corporate price also rising. Bank ceo is a highprofile victim of a Money Laundering scandal. He is set to step down next year. We are looking at china retail sales with production. On top of that, six Asset Investments. 56. We saw this huge spike up when they interviewed all that stimulus. 35 increases in the investments in china. We have been going down ever since. Looking at a number of a. 6 increase. 86 th, nonetheless increase. Growth, nonetheless still being propelled. Productiono got data, 7. 6 there. Retail spending at 11 . Is going towards a nonmac europe nonmanufacturing site. That is what we have to look forward to one hour from now. Haidi one of the missing puzzle pieces, giving that we have had trade numbers. When it comes to the chatter of economy stirring when stability is what they want for this key political year. We had better than expected numbers out of japan. Break down across the board. Except forwas a bit weakness. 30 minutes