Boris johnson is due to the side on fridawhether to walk away from the talks. New zealand prepares to vote with polls indicating the Prime Minister will be a comfortable winner. Both party leade are criticized for not doing enough for women. Breaking news out of south korea. We are getting the jobless figures for the month of ptember coming in at 3. 9 , which is much higher than analysts had expected. Its also larger than the previous month, when it came in from august at 3. 2. 300 92,000 jobs were removed in september from a year earlier and we have seen the jobless rate ssawing. We did have the virus resurgence in south korea so that hit the labor market negatively and we had typhoons in september that might have skewed the numbers. The positive boost for the labor market in south korea is the governments planned fourth extra budget that should help the employment market. S p saying it will take many years for employment to return to prepandemic levels. We have seen the bank of korea
Am Kathleen Hays in york, welcome to daybreak asia, related stories this hour, monthly suggests the recovery is continuing. The Bloomberg Economic saying recovery above three point five percent. Nancy pelosi says a deadline for stainless steel well President Trump calls for a big spending package. Central bankers worn support will be needed for some time to come and new zealand stocks rise in the kiwi strengthens after the historic victory. Labor has the seats to govern alone, but she is considering a new coalition. Haidi taking a look at markets in asia we are setting up on a pretty cautious note when it comes to trading in the trading week here in asia, however we are looking ahead to Third Quarter gdp out of china with investors and traders came to see what the expectations were for this study growth were to continue. We are expecting numbers of about 5. 5 when it comes to economic expansion. This is our way of seeing into the first couple of minutes here in sydney just about two pe
Lets take a look at other Asset Classes as well. The big news as we talked about, ftse russell adding chinese bonds to the global bond indices so we are watching chinese assets very closely and we are looking at, when it comes to evergrande, that is a stock that has been seeing a quick turnaround after the stock fell 5 . A looming cash crunch. Bond yields slightly higher here aday, and we are looking for dollar that is looking slightly weaker but steady. We are set to end the week stronger by the most since april for the greenback. The aussie seen quite a slide for the currency this week. We are seeing a bit of a lift in the renminbi on the ftse russell decision and the lira here. Turkey surprising with the rate hike yesterday, but the dollar weakening, a big story here today. First word news. Karina mitchell in new york. Karina good friday morning to you. The Trump Administration has been ordered to delay its ban on tiktok. The judge gave the administration until 2 32 agree. O a delay
Stories. Two turkey just crushed. Story, which you and lisa both mentioned, particularly since oppressor, bonds are going nassar gas bonds are going nowhere. The yield curve control is here. Outside of that, the equity markets are doing well. Materials surging off the march low not really disrupted with what has happened with big tech. That is just one segment of the equity market that has faced severe headwinds over the last couple of weeks. It is a big growth story. Tom a mystery enter friday and growth forward. Im completely distracted. You are going to have to save me. We need an update. Garrison sergio over the English Channel right now. I have got a much bigger announcement. Drumroll. I think we have got a birthday today. She kept it very quiet. It is a happy birthday for lisa abramowicz. Lisa thank you. Another pound is too strong to expect a gift from you. Jon i will do my best. Isa a pair of socks great depending on what this Consumer Sentiment survey is coming up at 10 00 sho
3 . 5. 6 , but improvement from the previous ask. Haslinda it does look like china continues to Gain Momentum in terms of recovery. Lets look at where we are in terms of market reaction. Just. 1 . Underperformed after its biggest rally in more than 5. 5 years. Up. 2 . Pretty muted. Belowe been dragging this 6. 8, a strengthening that we saw onshore and offshore. Jp morgan is seeing gains. The 10 year yields. Take a look. Study right now. 313 after that fresh quiddity injection. Yvonne lets break down these numbers with the head of macro resource. Chinasensus about economic recovery and renminbi since april. What is your take on these numbers . I think the number basically confirms that the Economic Activities are normalizing, especially on the consumption front. We see from highfrequency data that retail sales, etc. That were hit during covid19 are slowly coming back. Upside for september data. Also, from the production side, recovery from earlier in the year. There are three things Go