Interest rate cuts in the offing. Will it between 25 basis points or will they do what they did this time yesterday you can that is currently in position at the moment, so we had the economic number coming in weaker than expected. Checking the markets, lets see what is going on. We did match the longest losing streak. Did not quite actually make it here longest moving streak since 1980. This is what we have in a moment, this is the position. 1. 1 , a bit of a really for the hang seng, nikkei. Lets have a look at what we have at the moment. 7. 04. We go, we have gold futures, down at the moment but still above 1500. Coming through with a gain of about 2. 75 . This is saudi arabia, prompting Oil Producers to develop responses to the oil price slide. Terrain. Et u. S. 10year yield creeping up a fraction. Elsewhere, we see the bond rally continue. Lets get more on the philippines gdp numbers. Joining us from Goldman Sachs is. Hief asiapacific economist there was conference run remittances
Come on and address members of the media to tell us what is going on. She has not been seen for quite a few days. Nikkei to 25 decline of 2 . Seng, the worst run of losses we have seen since the hangover. Lets get to the currencies because the trade war is certainly having an impact the yen seen as a haven trade once again. Appreciating to 106. It at thee to see moment. Korean yuan continues its fall back as well. For thet below 1200 First Time Since january 2017. Trade tensions not between just china and the u. S. But south korea and japan taking its toll. Cny, the seven handle being breached. Gain of 1. 1 . We see the dollar index actually flat. David our top story right now, the latest on what is happening in hong kong. General strike today. Flights already cancel. A couple disruptions for public transport. Over the weekend, the city witnessed more violent protests clashed with police. Warnedthe other thing, that beijing will not let the unrest continue. Sophie kamaruddin is at the
Sort of waiting for it. We got it today. Very interesting, and a lot of this comes from some of the overnight data we got overseas, like you mentioned from china, and then the u. K. And from germany, and of course now here in the u. S. Markets deteriorate in the last hour or so. David we come back to the same question again and again. Is this a projection of future growth, or or of a position where people need to put their money somewhere and drive down yields as a practical matter . Taylor lets get a quick data check. It is all about bonds today. We talked about futures here after what was a really good day yesterday, deteriorating this morning. Off about 1 or so. Ns is back in positive territory. German tenyear now at a 64 basis points. You wonder what the ecb does next. When we look across asset for the safe haven plays, for me it is all dollaryen. We have again continuing to strengthen. Handle is something that catches my eye. Gina we are joined by martin adams and vince cignarella
Police headquarters, not too far away from here. We also have had reports of other protest and tear gas and rubber bullets being fired at various other, seven other locations across hong kong. That is a new strategy over the past few weeks that the protesters have engaged in to keep the police off guard. At the same time they called for a general strike, which has crippled transport and disrupted social disobedience is what they are calling for. It is has it has disrupted subway stations, flights are canceled. This is not something that is going to end. That is what many people in hong kong are asking what is the end game . Carrie lam did speak to the media, but gave no steps she is proposing the end this conflict other than to say the protesters want to ruin hong kong. David whatever the next steps are from the government side, who will take them . Do we have a sense of whether carrie lam is still in charge or is beijing taking a more active role in how to handle this crisis . Stephen
We hear exclusively from eric rosengren. China is accused of using social media to undermine the protest in hong kong. Twitter and facebook delete a string of fake accounts. Shery how markets closed. It was another day of strong rally with the s p 500 gaining more than 1 . Every sector was in the green. Energy amtech led the gains. Lead the and tech gains. A positive sentiment with trade. That was reflected with the u. S. Dollar. It rallied to this years high. Gain 250 points. The nasdaq up 1. 4 . Doing much butt lets see how things will be shaping up in asia. Conviction investors will be tested with futures looking at a mixed session. Kiwi stops adding. 6 . We have the strong dollar to contend with which may put a damper on Risk Appetite for emerging markets today. We are on tech watch. We have xiaomis earnings on the lineup after baidus results came out overnight. Onay, were keeping an eye the rba meeting minutes. Trade data from taiwan and today rate the pbocs loan prime. A key mile