And tear gas the streets. Australia orders large scale from bushfires as the death toll mounts. Sophie lets check in on the open in sydney after the asx 200 best annualrop the performance since 2000. We see it open slightly to the downside as we wait for markets to come back online elsewhere in the region. We are getting some data from australia coming out this morning. Home prices notching up the biggest threemonth gain in a decade. We are not seeing much reaction in the aussie dollar, softening a touch after hitting a fresh high. New zealand equity markets remain closed and the kiwi dollar keeping fairly steady after topping 67 this week and japan also remaining offline thel january 6, again, currency cap a Fourth Annual gain. Paul thanks very much. President trump says he can assign the first phase of a trade deal with china on the 15th of this month ahead of a visit to beijing where talks will begin on the next part of the deal. Lets bring in our china correspondent now, selina wan
They are weighing new investigations. A record turnout in hong kong as prodemocracy looks set for big gains. It is the first opportunity for hong kongers to vote after months and months of violent protests. Paul lets get you across some breaking news on the bloomberg terminal. Carl icahn is said to seek control of occidentals board. He plans to nominate 10 directors in an attempt to seize control of the u. S. Oil and gas producer. This is according to people familiar with the matter. Is said to be looking to seek control of occidentals board. We will bring you more details on that as we get them. For now, trading has begun here in australia. Lets take a look at how we are tracking. Currently higher by just over. 1 . We have a staggered open here in australia. Stocks coming online in alphabetical order. We are currently in the as. The one we are really looking forward to is westpac in the ws. This packet slipping about 7 in the last week on the back of this Money Laundering scandal. 4 o
Escalation. Central bank decisions. Trade uncertainties are accounted for. Later in Bloomberg Technology global link, we will break down disneys earnings. Now, lets get you started with a quick check of the markets close tuesday session. Some calm returning to the markets. The stocks rising, the dollar studying. The search we saw in treasuries peering back a little bit. The s p 500 being led higher by tech and financials. Every sector of the s p 500 was in the green, except for energy. Oil slumping into bear market with brent falling more than 20 since its april peak. Not even the fact we have eight straight weeks of declines in u. S. Stockpiles helped debt those losses. The nasdaq gained 1. 4 . The dow up more than 300 points. U. S. Futures at the moment not doing much, but lets see how we are setting up in asia. As we saw markets fall to the lowest point in weeks. Sophie we saw the asia benchmark fall to the lowest level in nearly seven months. Futures this morning pointing to a mixe
President trump will delay china. Nal tariffs on markets rally on the news of apple surging 4 . The cbsviacom romance leads to a waiting. The megamerger shery breaking news out of south korea. We have the Unemployment Rate for the month of july coming in at 4 . That was as analysts expected. The third month in a row that stayed at 4 . South korea added 299,000 jobs in july, higher than the 281,000 they added in june. The south korean economy and job market being highly supported by government job creation. We are expecting the extra budget set to pass parliament at the start of august to also give more support for the job market. Exportseantime, continue to plunge in south korea, now headed to the ninth month of export declines in august. We have seen the weakness in w theon throughout these the south korean won. In hongrn to sophie kong for a check on where markets are headed this morning. Sophie we have plenty more data to come through from asia including a check on chinas monthly ac
After eating sevenmonth lows. Theproducers can halt recent slump. The latest trade data from china. The numbers will show how deeply the trade war is biting. Lets see how things are shaping up for asian markets. The s p went after through the largest recovery since december of 2018, we are seeing some modest gains in asia. Nikkei futures down, seeing the new zealand stocks up 0. 5 this is after new zealand, india, and thailand surprised with Interest Rate cuts. We are watching for a slew of Economic Data the big one is the china trade data, expecting exports and imports to decline. We saw some week pmi data before. Also, philippines Second Quarter gdp data will be coming out, it grew faster in the Second Quarter. Expecting japan currentaccount surplus data, expected to widen. We will also watching for singapore retail sales. Paul lets check in on the first word news. War isescalating trade seen pushing the economy toward a first recession in a decade. Larry summers says the risk in the