More bumps in the road for nissan. Planned job losses after profits fell 99 . Shery lets get you started with a quick check on how markets closed in thursdays session in the u. S. The dow falling to the lowest level in two weeks. Tesla and for taking a hit on weak results and earnings. The nasdaq falling the most in a month. Has stellar earnings, but because of the ftc probe, Market Sentiment was not too positive stock. We have the s p 500 losing. 5 . Investors did not like the president of the ecb. Was not as dovish as they expected and that weight on sentiment as well. U. S. Futures at the moment unchanged. Lets see how things are shaping up in asia. Sophie we are setting up for a riskoff session. Kiwi shares resuming losses. Cost they could come under pressure. Earnings in focus. In southings data korea sliding further in july. In sydney, the asx 200 may snap a gain. Switching the board to check in on bonds that rally in aussie debt how much upside may be left as we are getting more
South koreas Prime Minister says the deadly mers outbreak is coming to an end and has urged people to go back to their normal lives. And entertainment firms from around the world are looking to take their roller coasters and Service Experiences to china. Prime minister shinzo abe has stressed the need to change the nations security policy. He says the proposed legislation would demonstrate the strength of the japan u. S. Alliance as china increases its maritime presence. The set of bills would expand the role of the selfdefense forces and allow the country to exercise its rights of collective self defense. Abe says leaders in beijing have been carrying out largescale reclamation work in the south china sea. He says theyre not abiding by the 2008 agreement with japan to jointly develop gas fields in parts of the east china sea. He also says Chinese Government vessels have repeatedly entered japans territorial waters around the senkaku islands. Japan controls the islands. China and taiwa
Inflation numbers. Bloombergis is markets asia. David the next 24 hours, we talked about the fed. Will janet yellen be there next year . Looking at the market, it is a theme. The recession indicator, taking to 2017. The line went down, a predicted in a recession. Global financial crisis. This was the yields flattening off to where we are now. Overnight, by the way. We are waiting for the feds latest description on where do you think inflation will go . What form it will come in . Whether we will get a spike or not. Haidi a robust, earnings season. Aboutl be talking more caterpillar, later on. Markets like this is a looking at a rate risk. We will be unpacking all that over the next couple of hours. Singapore, malaysia coming online. Markets are loving it. Mcdonalds and caterpillar. Mostly green across the screen. Samsung, dragging on that benchmark. In proving Business Confidence out of germany. Euro sticking near a twoyear high. On asianeing pressure currencies. Set for the second day
Take a look at the china [indiscernible] this is a key gauge of sentiment. Retail investors very much an important part of the equity market on the mainland. We did have chinese small caps falling to a threemonth low on wednesday. This index has lost 3 this year. We see those declines continue this thursday. We arecurrency front, seeing the offshore rate hover around the 100day moving average. This is supposed to ease some slow curves. Earlier, we did hear from a former regulator who said the china should open up the yuan before lifting capital. The currency stability has also seen bets on volatility decline, as you can see from this chart here. More. Oes not expect if overall, it is about stability being the name of the game. Rishaad thank you so much for that. Lets get over to the first word news headlines. Paul china intends to further ease [indiscernible] individual tax burden as part of a broader drive to boost consumption. It is easing the structure of valued added tax come inclu
Defense secretary ash carter said american commanders will send vessels wherever International Law permits. Nations may declare an area of up to 12 nautical miles from their coast as sovereign territory. But u. S. Officials say artificial islands cannot serve as the starting point of territorial waters. A Chinese Defense Ministry Spokesperson said in a statement that two chinese warships issued a warning to the u. S. Destroyer. A u. N. Spokesperson called on all parties involved in the current tensions to resolve their differences in a peaceful manner through dialogue and in conformity with International Law, including the u. N. Charter. Nhk worlds reporter is there the japanese government are likely to face each other in court as their standoff over u. S. Base continues to escalate. The government on tuesday suspended okinawa governors decision to revoke the provision for reclaimuation work. Land minister is expected to send a letter wednesday instructing him to reverse his decision.