Consumer prices beat forecasts. Shery shinzo abe faces yearend pressure. His popularity is sinking to its lowest in more than a year. Japan is coming online alongside the south korea as well. Lets get straight to the Market Action with sophie. Sophie. Sophie we are in the final stretch of 2019. Japanese stocks did manage to pull through on thursday. The topix with an eight day drop. The topix hitting ground along with the nikkei 225. Today, stocks are trading exdividend today. Lets check in on the open in seoul. We are seeing downside moves for the kospi. We will see what the index can crack 2200 points. Switching it now to check in on the mood in sydney, the asx 200 gaining some ground with gold miners among the biggest advancers. Resolute leading the pack, jumping 7. 5 percent earlier with spot gold on course for the best year since 2010. Jumping into the terminal, that momentum could make for a solid 2020 for gold as traders make attempts to carve out a higher trading range after bu
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
Investor demand is several times oversubscribed. Sometimes people look at australias market which has just opened what are you watching . Slightly under pressure after the game we saw on tuesday. Kiwi shares are gaining. The could see a softer open in seoul and tokyo. The nikkei stock average has more than doubled since shinzo abe took office. Economic strategy still lacks traction. It is a busy week that session ahead with japanese trade and chinas update on the docket this wednesday. As we are waiting on alibabas final pricing on an ipo. Here in hong kong as schools reopen and we await more protests, housing futures have snapped a today advance. Volatility has slumped over the past two sessions. Acrosse sliding further there is optimism we might see a peaceful resolution to the protests here in the city. Lets check in on first word news. Boris johnson and jeremy overn repeatedly clashed policy in their first televised election debate. Johnson said he would massively raise Government
Universal suffrage. They said carrie lams retreat was too little too late. Shery we have coverage throughout daybreak of these developing political stories. Sebastian is following the brexit saga in london and what is next for Boris Johnsons plan to leave the u. K. Out of the eu following defeat in parliament. First, lets get you started with a quick check of how markets closed the wednesday session in the u. S. It was all about geopolitics. Less risk in hong kong and the u. K. Nasdaq bothand gaining. Tech shares rebounded leading gains. They were the biggest losers in yesterdays session. Energy sectorhe being a big gainer as crude prices rallied above 56 a barrel. Fed speak asof well today. The fed president of new york down in minneapolis as well as many others talking about the fed action in september. A little bit of divergent views. We will try to explain what all of that means for the markets later on in the show. For now, you have futures not doing much. Lets see how we are sett
Fails in his bid to trigger a snap election. China signals more support for the slowing economy indicating a cut in the Bank Reserve Ratio is on the way. Protesters vowed to return to the streets of hong kong and continue their calls for change. They say carrie lam section is too little too late. Shery it was all about k anditics, both in the u hong kong. We saw a risk on sentiment across the board with the dow caning gaining almost 240 points. The nasdaq up 1 . Tech shares leading the gains. They were the biggest losers in the last session. We have the Energy Sector in section gaining ground. We had the dollar falling the most since june. It was all risk on and the geopolitical tensions subsided. Not a lot happening with u. S. Futures. Lets get you across some breaking news on the terminal. We have julys current account of numbers from south korea coming in at a surplus of 6. 95 billion dollars. The current account for south korea in july. This as expectations grow for further easing