Low for might as well, but the pboc not adding actual liquidity saying things are reasonably apple when it comes to liquidity conditions at the moment. I suppose the big question is will any of this be transmitted given that we know so many still out of the economy, essentially either stuck at home or factories still still, supply chain massively dislocated. Sarah we have seen markets across the asiapacific region turning higher. We continue to see resiliency, at least on the mainland and in hong kong. The hong kong hang seng up about. 5 , and in japan, we have seen markets turn higher as well, holding onto those gains, up about. 6 . The one that is moving to the downside bucking the trend is the south korean cosby after the country did report about 10 new coronavirus cases. You see it falling to a twoweek low, down about. 25 at the moment. Lets take a look at some other risks in the currency and commodities space. We did see copper moving higher for an eighth day and 11. Gold, though,
Languishing in storage. An president xi jinping confirms china supports carrie lam in hong kong, but says the protests create the grimmest and most complicated challenge. Paul all right. We have the market open here in australia. It is highly likely the asx will make some record highs today. But we have a staggered open here so it is fairly quiet right now. Just modest increases that we are seeing. We are going to keep a close eye on westpac, now facing its 4th investigation into these Money Laundering allegations just filed by the banking regulator today, announcing it will be investing getting whether law. Ac broke the we have new zealand higher by almost. 5 . Was packed new zealand shares still in a trading halt. U. K. Futures looking flat right now, a similar story for u. S. Futures. But that may well change during the course of the day, especially after we saw some very positive gains on the u. S. Equity markets tradeinspired during yesterdays trade. We will keep you uptodate as t
Its stronger half of the trading. The korean won jumping most in five weeks and all of this ahead of the tariff deadline as well. A little bit of a risk on sentiment coming through in asian equities and assets today. Absolutely. And youre seeing it with futures trading in singapore. Having a look at what is going on there we are seeing an uplift. We could add to the near half percent gain we saw in the nifty session. Nfte. The dollar is falling against its Indian Counterpart the rupee , half a percent down in the last three trading days. The bloomberg dollar index erasing the gains we have had this year. 10 year yields a spike up as well. It is a time when we are seeing not just a lack of any Interest Rate cuts a perhaps a pause in Monetary Policy is the general feeling. Quite a few rate cuts priced in as the market is adjusting itself to factor in one or two next year. There are looking also at shadow banking and how some liquidity in the market is helping to unfreeze this troubled pa
Lets take a look at what is been helping foment further gains across the asiapacific. That is the futures contract for the s p up to tens, hang seng three tens of 1 . And the nikkei has buoyed a bit. Also the topix doing rather well. We have a cna a tad week. Looking at that as we do. Also the yen, and the boj. 41 day since the boj came in and bought a sizable chunk of stocks in the japanese market. Someat stealth tapering, people are arguing because the yield on the 10 years unchanged. The yield has been lurching lower eight basis points. Weekhas been put less a and see what is going on in regard to the haven stages. The learn not willing to look at and take on risk right now. This is of course after the Election Results or we saw the landslide victory when it comes to democratic camp. She was talking about how she is ready to listen and stands by previous stances on protest demands. People who felt that our government has not handled, deadly the legislative exercise and its aftermath
Alibaba. Single day after a scorching start as consumers around the world look for bargains. Kathleen lets get to u. S. Stocks and how they ended. You can see the gains on the board are not large. However, go straight to the middle line, thats the s p 500. Another alltime high. 3093. It was a week of dueling trade headlines as chinas Commerce Department and white house Economic Advisor said yes, a phase i deal will involve a phase in tariffs. Tech stocks gains as well. Anything that is good for a trade deal. Global growth certainly helps. Tech shares, the nasdaq closing at another alltime high. 8475. What is interesting is on saturday, President Trump went out of his way to say wait a minute, i have not said yet anything about tariffs. Im not going to get rid of all tariffs. He did not say he would phase in some tariffs reductions. I think he is trained to tell us the deal is not sealed. Im the final say on what is going to happen. We will see how the markets deal with that today. At t