Daybreak asia. Thisr top stories wednesday, new questions about President Trumps many deal that says chinas higher purchases of agricultural goods depend on a reduction in u. S. Tariffs. The imf cuts its outlook for the fourth straight time. And sterling reaches a new high on high optimism about a new brexit deal. Shery breaking news out of south korea. The jobless rate ticked up to 3. 4 in september. The estimate was to gain from 3. 1 , so the Unemployment Rate higher than expected. We have seen weakness in the private sector, south korea very exposed to trade tensions and slowing global demand, although we have seen passage of that extra budget in august, which could provide support for labor markets, but so far september unemployment at three point 4 . Australian markets just open. Lets turn to sophie. Sophie. Sophie sherri, shares in sydney are breaking ground, advancing fifth straight day, in tokyo the nikkei 225 open. It fresh 2019 high with valuations below the fiveyear average.
The aussie market doing ok despite some not great news from the pmi, which we can look at now. Contractiong seeing on the manufacturing side of things. The has helped to bring bulls out for bonds suggesting we see another Interest Rate cut coming through from the reserve bank. Things inso got other play here as well. 10 year yield, three basis points down. Below 1 again. That facility will not be ready to operate fully for months. , after that 20 billion worth of Corporate Tax cuts designed to stimulate the economy. Nifty futures pointing upside as well. Could be adding to that huge gain. Biggest lift up in indian equities in a decade. There we have it at the moment. Now. the renminbi right off by looking at the chinese currency. Theres nothing much happening but that is the story. Or are we looking at Something Else . Guest no, you are right. On the surface they are not big moves today. It is interesting that pboc fixing today. Four pips higher for dollar yuan than friday even though
Whoever starts one will not finish it. Wait, wed we work, we worry. Pressure mounts on the ceo of in the u. K. , the collapse of thomas cook leaves thousands stranded. Matt good morning. We have not escaped worries about trade concerns regarding a farm trip. We have been and reporting that the u. S. Requested that but we are also told it does not mean anything is going on that is bad between the trade talks. It has nothing to do with the trade talks as we look ahead to the facetoface meeting on october 10 after the working level talks last week. That is not stopped the asian stocks from falling. Closed today. S asian stocks coming down. Biggest losses in hong kong. Mscia look at the asiapacific and index that following this morning as well. And looking at u. S. Futures, they are up. Reading thes are signals differently or maybe Something Else is at work sending asia down but making traders optimistic for the opening of u. S. Trade. Is strengthening a little bit. Coming down to 7. 11. G
To repair and could it be a september to remember. Trying to brush off its reputation as one of the worst months of the year for stocks. It is monday, september 23rd and Worldwide Exchange begins right now. Good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching. Wherever it may be, good morning, im brian sullivan. Here is how your money and your Global Markets are setting up their day and their week futures now down 99 points right now. Little red on the screen this morning. Coming into today the s p 500 has been up three sessions in a row. Right now, looking like its not going to make it 4 but a long way to go. In the credit markets, things have cooled off just a bit well talk about that in a second benchmark ten year treasury market 1. 86 after all those wild moves, things have cooled off just a bit in the last week. There are no Major Economic data points or policy speeches today. Around the world in asia, japan was closed for a
Us. We have all got a stake in the action. 55 million 401 k holders, 35 million i. R. A. Holders, Union Pension plans, government worker Pension Plans, all benefit from the trump rally. Maybe records today. Politics. This is the day the democrats define themselves and their party. In a couple of hours, Speaker Pelosi takes to the podium. She will try to bring a badly divided Party Together. They are split on impeachment and split on how far left to go on the Green New Deal and open borders. Then tonight, theres the democrat debate. That too will define the party as it goes to the 2020 election. Same story. How far left will they go. Weve got a big show for you guaranteed. We are dealing with vaping, guns and the europeans, yes, they are printing money again. Varney company is about to begin. Stuart here it comes. A tweet from the president moments ago. It is, im going to read it for you, it is expected that china will be buying large amounts of our Agricultural Products. There you go.