Several u. S. States report record numbers of cases. States reconsider plans to open. To data inadds australia. Shery lets get started with how u. S. Futures are kicking off trading. We are seeing them down. 1 after u. S. Stocks ended in positive territory but off session highs. We have speculation congress will seek additional stimulus. We also have some positive manufacturing data, although not in expansion territory as of yet. The s p 500 finished at the highest level in almost two weeks. Consumer discretionary and tech lead the gains, and the nasdaq composite again finishing at an alltime high. Eight sessions of gains boosted by apple and amazon as well. The dollar declined among most g10 are his. We did get that positive economic data. Improvements not only in the u. S. But also the euro area. Take a look at what oil is doing at the moment. We are seeing wti falling toward 40 a barrel, under pressure right now, really falling from that threemonth high ahead of a release of a key u
For the Second Quarter. We can provide hints on whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, High Speed Two fidelity international s Catherine Yeung who said china is facing a confidence problem. It is lack of confidence within the consumption and corporate sector. In fact last friday we had julys money supply and aggregate Financial Data released and it was marginally weaker than expected, so tomorrow in fact we have this operations, and while the expectations are there will be no cuts on the benchmark generally speaking, you could see a slight increase of probability of ten basis points rent cuts, so again policy is going to outgrow chains, but it is going to be this continuing tweaking to accommodate. Tomorrow we will get some extra data out. But really what is the biggest problem facing china to get its economy up and running . If china to get its economy up and runnina . ,. , china to get its economy up and runninu . ,. ,
Provide hints of whether the Bank Of Japan provide hints of whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, spoke to fidelity international s Catherine Yeung, who told me china is facing a confidence problem. Just this lack of confidence both within the Consumption Sector as well as the corporate sector. So if fact last friday we had julys M2 Money Supply and aggregate Financial Data released and it was marginally weaker than expected. So tomorrow, in fact, we have this element of operations all the expectations are for no cuts in the benchmark, generally speaking, we could see a slight increase in probability of a ten basis point rate cut. So again policy isnt going to outright change, it is going to be this continuing tweaking to be this continuing tweaking to be accommodated. Be this continuing tweaking to be accommodated. Tomorrow we will aet be accommodated. Tomorrow we will get some be accommodated. Tomorrow we will get some
Worth noting, we had some equally data in the last 10 minutes or so and the numbers, monthonmonth, Industrial Production there falling 7. 5 . That was worse than what economists had been expecting. There could be the production hold, daihatsu over the course of january, suddenly being into those numbers, because we saw that fall in production. They could be perhaps a shorterterm lip. Yearonyear actually the reading was betterthanexpected. Retail sales as well out, those numbers better than what economists had surveyed or what had been forecasted both yearonyear and the monthonmonth readings good for a brighter but for the japanese yen, we continue to hold around the 150 mark. It has not budged for several days now. This is the state of play for japan. Lets roll over and look at how korea is coming online today. A bit of weakness again, but fairly muted. As well, the dynamic here is what we had in wall street overnight, more weakness creeping through, but that countdown to the core pce
Of qontigo who gave us his expectations for chinas latest factory activity. Its likely to continue for a wild because it is still driven by manufacturing and dependent on global trade and, you know, geopolitical environment, and we are not having any of these right now. Even germanys Industrial Complex is sluggish a bit so its notjust china but everywhere. Global demand in mostly services is given by technical Communication Services and big tech so shows and manufacturing are a bit sluggish, yes. I shows and manufacturing are a bit sluggish, yes. Bit sluggish, yes. I want to talk about bit sluggish, yes. I want to talk about japan bit sluggish, yes. I want to talk about japan because l bit sluggish, yes. I want to talk about japan because it talk aboutjapan because it took markets by surprise in terms of what its central bank has done which makes its Bond Yield Control policy more flexible. What are your expectations about that . Inflation has been above the target for a few months so