The u. K. Considers new curves in london. The rda prepares to meet with melbourne again in lockdown. Pam braces for more economic gloom with First Quarter growth data. We are expecting a steeper downward revision. Lets get a check of where mark were markets are setting up. Here Sophie Kamaruddin in hong kong. Here is Sophie Kamaruddin in hong kong. Sophie a cautious start to the month of august after asian stocks have a fourth monthly gain. We are seeing sp Futures Holding steady and looking like a soft start to this trading week. Gold futures testing 2000, bouillon extending its rise after the best month in four years while u. S. Real yields lingered near record lows. Money managers are shifting gears a touch, decreasing the bullish gold bets to a six week low at the end of july. In the forex space, looking steady with offshore yuan staying below seven. We have the aussie dollar easing its earlier drop as investors assess the lockdown in victoria state. With a earning stock, we have t
Will be spread. In order to put an end to this problem and protect the lives and health of the people of this prefecture, and to minimize the impact of thee outbreak on our lives, we are now at a critical juncture. I believe we need to take radical measures that we have never experienced before. The state of emergency will last until march 19th. 66 cases have been reported in the prefecture, the most in japan. Those infected include students, a teach, he and a school bus driver. The governor says theres a possibility of a cluster of people infected with the virus in this city. Six people, including a man in hits 70s whos in serious condition had reportedly taken part in a housing equipment exhibition. They have all been confirmed to have been infected. Authorities are trying to identify the possible source and root of the contagion. A cluster is a group of people infected with a virus in a chain. Clusters may produce other clusters. And we are now joined by the doctor from the National
Being unhappy with policy. The drum beats louder for rate cuts. And people working closely together to protect interests in the escalating trade war, we are live in bangkok. You a check oft the markets at the close. It was a turbulent day with not only iranu. S. Tensions but futures and options expiring together on quadruple witching day. There was a record intraday high only to close lower by. 1 , industrials and real estate stocks leading the declines. We have one sector gaining ground, the energy sector. The biggest winner of the session. Wti rally 10 last week on heightening middle east tensions. U. S. Futures up. 2 . Lets see how we are setting up. Sophie with the event risks sex g20, we could see asian asian stocks set for a softer open. Look at kiwi shares continuing to climb while flipping the board, checking the kiwi dollar, it is slightly higher for a succession as funds go bearish the currency ahead of the rbnz decision. The kiwi could be limited if central bank stays dovish
Strength of the ways negotiations and the data reported on friday. That there is the expectation it will be hiking the key rate, the exit away from negative policy settings. What does it mean for purchase of etfs, that will be another question out of that session or out of that meeting, but here is the outlook we have in the session so far today. Japanese yen holding steady, but still weak around the 149 marker , and equities, you are continuing to see this place higher even though the definition boj has been something that has propelled japanese stocks. There are a lot in the market saying there are plenty of other factors and that is why investors were continue pilot into the market. Nikkei225 just one fraction under the 39,000 mark. Number economics, one of the economist highlighting perhaps the boj is not ready to like can they want to see more data to affirm their belief that we are starting to see strength in the japanese economy. Lets take a quick look at how korea is starting t
Breath. Reports about the scrapping yield curve control along with buying of etfs and all with rate hike potentially. Lets look at how markets and japan are faring. You get the sense regardless of the normalization of policy, markets believe the nikkei can run higher. The fundamentals are intact amid all this Corporate Governance improvement. We saw it decline in the morning session but it did close 2. 7 higher just yesterday. We see in the options market, for example, the contracts for the strike price above the 41,000 level. Those were actively traded. Regardless of the normalization we see today, we still need to see negative real rates persist. That will mean yields will take a while to climb in japan. Between the u. S. And japan, given the yield gap, that will put pressure on the yen. The yen has been well behaved. You feel the sense that the feds move will matter more for this currency pair. Lets take a look at how it has been faring since the past four months. Based on the impli