Overnight we had the big spike in treasuries. Certainly putting Dollar Strength into the story and putting pressure on a lot of asian currencies. The japanese yen is a true standout. We had seen the weak in helping some of japans exporters of late. Today though, that story is not translating. Youre seeing them move in the wall street session, weakness in the s p 500, closing down 1 . The nasdaq dropping, in turn, you see that reflected so far in the session. We also have to open for korean equities. We can see in the open here, a drop at the open. Its not just a story of you the u. S. Inflation print that came in hotter than expected. We also saw south koreas president suffered a big loss in the parliamentary vote and that is playing into the dynamic given the opposition gained slots. The president is looking to be in a weaker position for the last three years of his term. We just had some trade data. The first 10 days of april. We saw exports rising more than 20 22 percent, actually,
5 00 a. M. In london. Vomiting of im yousef. Tracy and im tracy alloway. Yousef we saw that record again in the yuan. Here are the numbers as they came in. The line and white, that is your expectation. Re in was in mind, 3 trillion the key level we were looking at. That is your line in red there. Anything below that would have led to more capital outflows, and the consensus was policymakers would move to make go below they did not that redline. Also highlighted in blue, that is your spread between onshore and offshore, which again, as you can see, take a look at that pop we saw last week. That, of course, is the focus on the Global Investment themes we discussed. Tracy i love this choice, because some a yousef, so far this year the chinese money markets have been then the story have been the story of 2017. Yousef were looking at the u. S. Economic data. Talk us through the u. S. Close, the market reaction. Tracy sure. We saw some fireworks friday. We have that jobs report. That propell
Business risk warning today as it reports a charge that could top 6 billion. Were getting set for the openings. We go to hong kong and the rest of china coming on stream in just a little under a half hour from now. Lets get a flavor of what is going on. It seems like one way traffic, david. David were seeing some markets under pressure right now, rish. I think the last 30 minutes or so has maybe changed the conversation a little bit as you can see behind me. The kospi has been down pretty much since it opened. It hasnt been very down. I think if i want to take a phrase from a very simplistic way of explaining the markets. Most stocks down. Japan made it down to the yen, when dollar yen started to fall is when the benchmark basically erased its gains and where we are at the moment. We are still seeing decent gains so the overall tide is up. Australia up for a sixth straight day. I think that would be the longest streak of gains there. In sydney, going back to august of last year, ocbc j
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