On china. Sources say curbs on jack mas group over concerns on National Security. Shery we are getting south koreas current account balance numbers and the surplus right now narrowing the month of august from july, coming in at 6. 56 billion. This is a little bit of a narrowing from that 7. 5 billion we saw in the month of july. The balance widening. The surplus coming in at 7. 0 2 7. 02on dollars and billion dollars and this is widening from the previous month. When it comes to export numbers, we have seen the plunge easing a little bit and in september, south koreas exports rising for the first time in seven months and we are seeing the goods balance surplus widening a little bit, haidi. Haidi take a look at the open we are setting up in the first few minutes of trade here in australia. We have seen that bounce following the super expansionary budget that was delivered this week by the federal government. The asx in the previous session closing at a one month high on those budget exp
Fed call for urgent action. We are joined exclusively by dallas fed chief robert kaplan. And the debate, joe biden refuses to push back his next meeting with President Trump the white house rules out of virtual clash because of covid19. Quick check of the markets coming online, u. S. Futures right now up. 3 , after the close, we have the white house saying President Trump is open to Something Big or than the skinny bill. It has all been about optimism over stimulus deal, despite conflicting signals on capitol hill. We had u. S. Stocks in the regular session wanting to a fiveweek i. We have optimism on corporate will, adding to the positive tone. Eaton vance jumping after agreeing to be taken over by Morgan Stanley, more on that next the dow higher. 4 , nasdaq. 5 . Oil is gaining. 3 at the moment, climbing to its highest and more than a month. Opec now saying the worst may be over. Demandve boosted their and their crude outlook for the next four years at we have the dollar falling, and
Panic or price spikes. Than 52na listing more times oversubscribed. We will assess investors appetite with the ceo, Joel Silverstein. Haidi that is a market highlight but in the meantime, lets take a look at how the set up in asia is faring given we did have the resounding tech rebound. Sophie, what are you watching . At. 8 . S p eminis stock futures pointing higher come of this ahead of the session that brings philippine trade data and a decision from malaysia. Beth are split. The malaysian economy is showing signs of a rebound. Korma she orders are due. We may see a pickup in cap exeter and by the auto sector in japan. From south korea, we are waiting on an announcement of a fourth extra budget that is expected later this afternoon ahead of that we have kospi futures looking a little bit lower. We have the kospi set to be the best performer in asia this month, up 2. 1 so far in september. A quick check on the offshore yuan just Holding Steady after rebounding on that dollar softening
Boris johnson sparked outrage. News out ofing south korea. We are getting the jobless rate falling to 3. 2 percent. The expectation was that the jobless rate would come in at 4. 2 percent so this is much better than expected. We are also talking about the sixth straight month of decline in jobless rates. That 270 4000ring jobs were removed in august from a year earlier. We know that south korea has seen its government really boost those job creation efforts not to mention we could have seen domestic demand being held by the Summer Holiday season and more jobs being available. The government pushing for a fourth extra budget. This is of course helping workers and businesses who lost income due to the latest restrictions and jobless rates. 3. 2 . In for august at watch out for what happens later in the following months given we have seen this flare up in virus cases towards the end of august, haiti. Haidi. Haidi pretty dire numbers coming out and we continue to watch what happens when it
We have got to vote like we did in 2008 and 2012. Weve got to show up with the same level of passion and hope for joe biden. Weve got to vote early, in person if we can, weve got to request our mailin ballots backht, and send them immediately, and followup to make sure they are received. And then make sure our friends and family do the same. Weve got to grab our comfortable shoes, put on our masks, pack a brownbag dinner becausee breakfast,too, we got to be willing to stand in line all night if we have to. Look, weve already sacrificed so much this year. So many of you are going that extra mile. Even when you are exhausted, you are mustering up unimaginable courage to put on those scrubs and give our loved ones a fighting chance. Even when you are anxious, you are delivering those packages, stocking shelves them and doing all of that essential work so all of us can keep moving forward. Even one it all feels so overwhelming, working parents are somehow piecing it all together without ch