All right, this is a shock or block week. But thisa note that suggests that these markets are moving high. Becausehave good reason earnings have been so impressive so far, really big ones dominating the agenda this week. Ish, we are looking at crucial levels when it comes to stocks in hong kong. Rishaad absolutely, looking at what happened with these shares, these Chinese Companies trading in hong kong. We want to bring up gb tv 9440. Investors bid for these underperformers. This is a third of the companies on the hang seng. They are racking up fresh one year the biggest proportions says that 2014 stock bubble. We are seeing some of those cheap banks red hot. These fresh highs are being hit last week. That is what we had at the moment. H, in terms of the other things on the agenda, we have yellens swansong and watching what the fed does. We are just watching what happens as jay powell takes over. The pmi is expected to hold steady. Lets look at markets because we did have u. S. Stocks
Infrastructuredriven investment growth across this region. Taking a look elsewhere around the region, a bit of a faltering when it comes to japanese markets. D. E 20,000 level being eye the topix in the red. Some gains in the austrian stock market on the back of the australianoil stock market on the back of the rebound in oil. The gold miners doing nicely. Ofdid have a brief period her spite when it came to the goal prices. Take a look at the movers. Respite when it came to the gold prices. Take a look at the movers. This is the first chance investors have had to react to that 100 30 million profit warning, expecting that to be Million Dollar profit warning, expecting that to be a loss. , a 14 yearg sold off low for noble group. The bonds are getting sold, the most on record since they started trading two months ago, the 2022 bond dropping the most on record, and some concerns about Revolving Credit Facility coming due. Company that has that 130 million loss in the back of being on the
We are 30 minutes away from the open in china and hong kong. A down market at the start of this trading week. A lot of event risks on the horizon. We hear from President Trump in of first joint Session Congress speech. We are seeing a stronger yen, weighing down the japanese markets. Lets get straight to Sophie Kamaruddin at the market board for the latest. Asian i down monday for stocks after a weekly gain of. 5 . A lot of event risks on the horizon given trump and yellen due to speak. Gdp datahe lookout for from india, australia, china pmi , Housing Starts and capital spending. Inanese shares focused today. , so setei 225 down. 9 for a fourth day of declines. Some equity movers in focus, toshiba falling 3 , the day to day swings as speculation around its chip unit sale. Friday, it announced it may consider selling a majority stake in its chip unit to a thirdparty, but chipmakers also in the red. In korea, the kospi in the red. Deepening losses. Dram chip price growth has slowed in fe
Earlier with the Securities Regulator seems to be fading as we head into the g20 meeting in shanghai this week. The sox are down one third 1 . We are seeing a rally when it comes to materials such as iron ore. Really raising the sentiment on mining. Dragged down by telecom and utilities at the australian stocks today. We are starting things off in the grain. Down by one third of 1 . We just heard from chris would talking about how asian stocks are a long term by opportunity. He still thinks that fundamentally they are cheap. But some analysts are saying there really isnt much of a Market Trends that we have seen recently at the start of this year. Today. Picture here lets take a look at the oil rebound. The iron ore rebound. The australian dollar. Youve seen these figures from about midjanuary. It is interesting because when you take a look at the gains is awe have seen there sign that we could see more gains to con. That resistance level of the 200 Day Moving Average of 72. 75. The pr
The hedgefund closes its doors after the industry veteran says he lacks commitment. What is going on with sidecar . The uber rival fails to get off the starting line as the ride sharing business backed by google and Richard Bransen says it is shutting down on new years eve. Here we are. A second last session of the year. Lets check in on futures and what theyre imlying to the u. S. Market open coming off the 1 rally. Its in line with fair value so were priced lower for the s p 500. Giving back free points at the open. Dow jones industrials called down by 17 points and the nasdaq. Were above fair value. Called higher by 2 points. Heres the rally we saw yesterday. 5 billion in trades being priced yesterday which is in line with Christmas Day and thanksgiving day. So the Dow Jones Industrial up 1 . S p 500 with the 1 rally. Positive territory for 2015. Lets see if we hold into the years end. As for technology because that was what was powering u. S. Shares yesterday. The likes of apple. A