Feeding Market Information to a swarm of japanese traders. Can you get more exuberance into this market . This fomo trade when it comes to equities in the u. S. And global, 24 billion flowing global sixth largest for inflows. ,hen it comes to u. S. Stocks 11 higher than its 200 day moving average, the whitest cap since 2013 idest gap since 2013. We do have a Public Holiday when it comes to u. S. Stocks on monday, so a wellearned rest when it comes to some of these u. S. Stocks and the recent rally we have seen. We have some breaking news when it comes to xiaomi. Considering chinese banks when it comes to their ipo, but sent to have chosen Goldman Sachs and deutsche bank, as well as Credit Suisse and Morgan Stanley, so more color on that story. Fromhotly anticipated ipo xiaomi, once a top contender when it comes to the smartphone space, a real disruptor for that space. 30 minutes away from the open. Singapore, taiwan, and malaysia coming online. Sophie taking a look at market action. Br
Im haidi lun. This is daybreak australia. We are one hour out from the open of asias major markets. It is 5 p. M. In new york. Im betty liu. It was a holiday today on wall street commemorating Martin Luther king it is 5 p. M. In new. Jr. So there were no equity bond trading at all. The dollar continues to trade in the Foreign Exchangethe dollar n the Foreign Exchange market. That is really what has dominated the trade today. We saw the dollar continue that slide coming off a five week decline. Talking to some analysts, not so much dollar weakness but it is more strength of its counterparts, right, as Central Banks are pulling back on stimulus all around the world. We are seeing a rise in many of these currencies. Haidi absolutely. Case in point, the extended gains we are seeing in the euro. As you say with the u. S. Markets closed, it was the weaker european close we saw that will lead things off in asia. Tepide seen more of a session setting up in asia. New zealand is trading underway
Concerns about harsh factory conditions. Yvonne, we know equity markets here in the u. S. Were lower but what has been rising and rising quickly has been s p estimates by analysts. See so many upgrades because of how high the markets have passed the markets have run. I have a chart view that shows this g btv 8902 here is the yellow line here for s p earnings estimates this year. But how they are accelerating and rising given that the bull run, the record bull run we have seen so far, much faster than the s p estimates for 2019 and 2020. It looks behind the curve, perhaps wall street has been to how much tax reform seems to be propelling these markets higher. It is quite rare to actually see these earnings upgrades in the months of january so i guess they are starting to see this windfall when it comes to tax reform. But it was a wall street overnight. First you had down a 26000 and then you had down and you get back to flat and a lot of russians on whether this is a onetime affair or i
Rishaad just looking at what is going on, you would think asian equities would be expensive relative to the u. S. They beat the s p 500. I want to bring up this chart. If anything, pricetobook ratio, and forward asiatoearnings spreads, stocks looking more attractive compared to u. S. Counterparts. Those spreads have widened to four. Nus there we have it. The rally could have legs. Fascinating its not just a more by you, but getting cheaper. Have not seen the political dysfunction in Washington Play out when it comes to the markets , and some jitters in the asian session. The last time we had a the lastt shutdown, three times, the s p 500 gained. Three, so wen day not just asian equities, but in the u. S. As well. Decisionsnk dominating the agenda, as well as u. S. Gdp. Sophie kamaruddin joining us now. Jitters. E do have asian stocks kicking off the session subdued. Japanese stocks are slipping as the boj policy decision is due tuesday. Lets check the open. We do have the taiex gaining
Netflix coming to Million Dollars ahead of wall streets estimate. Good news for netflix. Investors are hoping for war news from washington. It passed the senate earlier. There is four minutes left to voting. It is interesting because it is quite a few questions about how much it will impact voters. No voter likes a shutdown. You the amount of out. Ive comments coming it is quite the opposite scenario in the prior shutdown theit shows you how much economy is humming along. We have about three minutes left in the vote. It will be interesting to the how this plays out in the next three weeks or so. This issue probably one of the most sensitive ones between republicans and democrats. Lets take a look at how u. S. Markets close. King enjoins us now for more. It underscores that the market has really shrugged this drama. The nasdaq leading the advances and optimism about the economy have pretty much left the markets unfazed. Lets go into the market snapshot. Change. Ot much of the you can se