To visit trump tower. The company will invest billions in the United States. Haidi and diamonds are one of rios best friends. Rishaad the dow headed to a fresh record high, s p within a whisker of a record as well. Haidi this is a reaction to the italian referendum, a very distant memory right now. Things seem to be getting shorter and shorter, these major selloffs after socalled black swan offense, but we do have his optimism, but obviously a big day in asia. A bit of a disappointing read on gdp on the Third Quarter in australia. Rishaad straight to the markets, heres david. David right. Quiet start of the day, but obviously we have the aussie gdp print. You have these lines out of the Financial Services commission starting to kick things off on whats likely to be a very busy some ofe of the go for these lines here, coming out of the south korean policymakers that have discussed ways in which they can alleviate the effect of rising yields. The dollar to debts of a lot of the south Kor
High, also continuing. Some weakness from casino. 4 , alsoalaxy down Bell International down by 1 , so profit taking there. Shanghai stronger, waiting for figures to come through, up by. 3 . The bond market, we have seen bonds rally quite strongly ahead of the ecb meeting, a lot of expectation that mario draghi will continue to boost stimulus and keep that qe Program Going past march. The australian 10 year note, quite a bit of buying coming through. The australian yield on the 10 year down to 2. 24 . The japanese 10 year, pretty flat,. 1 on the return for the fiveyear. Things looking positive. We are waiting for that china trade data, but the map showing a lot of buying today. Is due to release its latest trade numbers with analysts forecasting a slower decline in exports. Tom mackenzie joins us now. That would be an optimistic sign, wouldnt it, but is it realistic . Moderate improvement is what we are looking for. A full 5 st are for for november year on year in exports. Compare to a
Anna welcome to the program, wn and weretdo live from london. Lets get straight to what is happening in the market. The key feature has been the reevaluation of what the fed is going to do in their june meeting. We talked about that a lot yesterday. Overnight, we continue to see this flow of hawkish currency coming from the fed, but the market hasnt been responding in the way that many would have anticipated. The wirp function bloomberg to run these through where fed futures are pressing the market will move and we have a 20 chance of the fed moving in the month of june, or hiking in the month of june. That number has moved a lot. It went up to 32 yesterday, but then it fell again. If the market is supposed to be a greasy on june is a time when rates Interest Rate, why did that contract a little bit . What we have from heard overnight, and also from blackrock that we need to start counting in the fed as a player in june. Also suggesting in one note that perhaps the fact that u. S. Equi
Taiwan has its first female president. It may all come down to what she doesnt say in her inauguration speech. These are live images from the capital. Oflet us know what you think our top stories. Follow me on twitter rishaadtv, and use trendingbusiness. China markets underway in 30 minutes. Lets take a look at whats going on out there. Markets have turned positive in the last hour or so. We had a weaker start, but things are looking up. New zealand down by a quarter of 1 . We are processing the reaction to the fed saying june remains alive event. The s p 500 wiping out its gains for 2016, falling the most in seven weeks. Taiwan online. Malaysia pretty flat. Cpi numbers out of malaysia later on at noon hong kong time. Gaining 2 10 of 1 . , fairly stable, trading at that 110 handle. Up about a225 is 10th of 1 as well. The retracement in the u. S. Dollar gives a boost to oil prices and commodities. Taking a look at the movers of the day, it is about the energy names. Part of this is barg
The bedding is on for an supplyl rally due to disruptions in canada and nigeria. President obama in asia, looking for Stronger Economic security s influenceith china in vietnam. Let us know what you think. Follow me on twitter rishaadtv and use trendingbusiness. Weve seen some swings between gains and losses, not a lot of conviction in this market. We had a little disappointment over the weekend with that failure of consensus from that g7 meeting of finance ministers and central bankers. We are waiting to hear from janet yellen. Looking for signals as to whether the fed will be going in june. Also, what the bank of japan will do. There is speculation that they could buy more bts next month. Gains, deeperier in the red. Japanese stocks extending losses. The yen is not doing much. That trade data certainly weighing on japanese equities. Taiwan driven higher by apple suppliers. Throughkness coming from Southeast Asia as the likelihood the fed will be , earlierates come july than what mark