To rise. S continue the u. S. Now topping one million american deaths, now surpassing the total suffered in the vietnam war. President trumps top infection expert says the virus is not truly going to go away. Anthony warns any reopening of the economy must be prudent. Breaking news out of south korea right now. We are getting march Industrial Production numbers. When it comes to the month on month figure, a gain of 4. 6 . This was a much bigger than gain then was expected, reversing two months of declines. When it comes to the year on your number for Industrial Production, it is a gross search of 7. 1 percent again. The expectation was at was for a contraction. We have seen the south korean economy really battling the coronavirus pandemic. We had seen First Quarter gdp sinking seeing the biggest drop since the financial crisis back in 2008. It seems that we have a little bit more optimism when it comes to the Industrial Production side of things. We are going to get samsungs final earn
Boris johnsons suspension of parliament. Matt good morning. Yesterday i was talking to a market guest and i asked if they could put the trade noise aside and run his portfolio. He said, no way. This market is driven by every tweet from donald trump. It looks like he was right. Nejra it is a very interesting question. What a month we have had. What a week. Big moves on brexit. The italian coalition. European politics front and center. Now we get the latest trade news, which is giving risk assets a little bit of a lift. Matt we see that across stoxx around the world. This after President Trump yesterday said the u. S. And china were actually talking. Said he hopes he will get a good deal. Nonetheless, the chinese decided not to retaliate immediately. Asian stocks rising. Euro stoxx futures rising as well. I put the japanese here is a little bit of a warning sign ahead of todays trade. You have the bloomberg dollar index up. The dollar is holding at a twoyear high. Traders are buying yen
Fascinating conversation and content out of those interviews. Cant wait to see them all. I amme to daybreak asia, haidi lun here in sydney. Betty i am betty lou at the Global Headquarters in new york. Before we get to the great therviews, a recap of markets. We sell the dollar gain, oil markets higher, oil touching above the 50 a barrel level. That led to stocks rising. Lets pull up the board to show where markets closed. The dow added on 40 points. S p gaining. The nasdaq higher, as well. We continued to digest lots of news in the u. S. We will be watching economic numbers that are key for the market. Haidi we spent so many days talking about the weather, north korea, geopolitical risks. We are now focusing back on monetary policies and the macro environment. Check out how we are setting up ahead of the data. New zealand, trading sideways, up 1 10 of 1 . The kiwi dollar at. 7252. The dollar rising for a third day, expectations that may be a fed rate hike in december, pushing to almost
Thanks to the demand for the galaxy smartphone. Position foring ipos and southeast asia, raising more than 1 billion in the first half. Thailand was the third. You can let us know what you think by following me on twitter. Dont forget to include the trendingbusiness. Singapore and taiwan have just come online. David malaysia is closed today. Singapore opening to a mixed basket. We are up a fifth of 1 . Still weighed down by valoryen. I think that is the story. We have been moving sideways since brexit. Dollaryen is the most important to keep in mind. We went about that ever so slightly. The dollar is weak or by a third of 1 . Modest. Keeping gains look at that. A few minutes before we get that fixing. I wonder what w they know that we dont. ,ave a look at 10 year yields the opposite of what we saw this week, yields coming back a little bit. Still alltime lows here. We had the minutes from the fed meeting overnight, showing are looking at two factors, the may jobs data and brexit. This