Friday following the jobs reports and the apple drag in the amazon drag. Asia though, we are coming off a little bit, if youre looking for us in aligning. 167 on the benchmark right now. A little bit of a pickup following the china open. Indonesia coming online. Hang seng is flat. Oil is very much in focus today. We are coming off a little bit of highs earlier on. We are getting some upside as far as the shanghai contract is concerned. You are getting a followthrough move in wheat prices in the early goings this monday. 2. 5 , 650 a bushel on wheat. Conversations around no recession, soft landing, no landing. Yvonne yeah, you have u. S. Funding needs versus what the demand for bonds overall being weighed on the back of what we saw last week. One of the worst weeks when it comes to global bonds as well as stocks. For some time now, its the start of something. Certainly want to watch. Especially when you are starting to see china not really emerge from this postcovid recovery in the way
So what is driving this revival in bitcoin . Erin delmore reports. Its been more than two years since we have seen Bitcoin Cross the 60,000 mark, but the cryptocurrency did just that on wednesday, even soaring to 64,000. It may be closing in on its all time high of 68,000. There are a few reasons why crypto enthusiasts are fired up About Bitcoin these days, newly approved Spot Bitcoin Exchange traded funds have investors buzzing and there is a change coming up in april when bitcoin miners start getting less bitcoin for their efforts and the spectre of lesser supply fuels more demand. 0ne lesser supply fuels more demand. One more thing than any background here, the Federal Reserve is expected to cut Interest Rates this year, that stokes investors because interest in alternative investments like cryptocurrencies. But its not all smooth sailing, some uses of queen based global, the largest trip to exchange in the us unexpectedly saw their balances drop down to zero among the bitcoin buzz
And butter, focusing on what the Central Banks are saying. The fed minutes bringing some of the air out of the recent rally we have seen in the u. S. , higherforlonger has been the narrative from Central Banks there as well. New zealand yesterday. The bank of korea today. Take a look at some of the data processing, gdp numbers from singapore. The 2025 growth estimates being maintained between 1 and 3 permit First Quarter gdp rising hotter than expectations. The final firstquarter gdp on a quarter or quarter basis seeing a rise of 0. 1 . The estimate was for a small degree of contraction, 0. 3 . So a bit betterthanexpected numbers. As we get the cash trading session underway. Thats right, markets are just coming online this morning for japan, korea and australia. Lets look at how japan and korea are getting underway. Its a mix of what were seeing in the numbers. Broadly, we have some upside coming through. Its a few different themes we are tracking. You have a bit of Dollar Strength, th
There is much more on the coronavirus on our website, and of course you can also try the bbc news app. Now Sharanjit Leyl has all the Business News live from singapore. As wall street reels, president companies Republican Leaders to make a plan to cushion the economic blow caused by the coronavirus outbreak. And with all this uncertainty, is now a good time to invest . We will hear from now a good time to invest . We will hearfrom a now a good time to invest . We will hear from a famous investor who says yes. Hello, and welcome to Asia Business report. Im Sharanjit Leyl. We will begin with the markets, because there is yet more volatility. Asian shares are going lower after yesterdays gains, we are taking a look at japans nikkei 225. Tokyo yesterdays gains, we are taking a look atjapans nikkei 225. Tokyo is flatted to lower. Australias s and p asx 200 is currently down by about 1. 596. P asx 200 is currently down by about i. 5 . S p. P asx 200 is currently down by about 1. 5 . S p. Thi
Response to the coronavirus. A milestone in new zealands fight against coronavirus as it records no new cases for the First Time Since february. The british governments controversial quarantine rules have come into force this morning, requiring most travellers arriving in the uk to self isolate for fourteen days. A number ofairlines, including the Parent Company of British Airways, are taking legal action. Our transport correspondent, tom burrridge reports. Leaving the uk from an airport like manchester has of late been a different kind of experience but, from today, before your temperature is checked in departures, you will have to fill in a form online, stating where you will self isolate for two weeks when you return. The two week quarantine. It will definitely have an impact on us. My partner works. He will not be able to get extra time. I am a School Teacher so i am limited to the time off i have so it would definitely have an impact. Ten days abroad and two week quarantine. I do