But says ridehailing bookings fell for the First Time Ever last quarter. Shares rise on signs that it is emerging from the virus slowdown. Take a look at how we are setting up when it comes to the final trading session of the week in asia. U. S. Futures flat after we saw gains on wall street. Despite those historically high unemployment and jobless levels that we are still seeing in the u. S. , there is some sort of consensus among Market Participants that the worst may the over but we are looking ahead to the optimism of the economy reopening. We are also seeing optimism when it comes to new zealand, this despite the budget deficit numbers that were released earlier from the treasury report. New zealand just emerging from that stated four lockdown with the economy stage four lockdown. Also outlining steps for a gradual return to more normal economic functioning. New zealand on track for an entire week of gains. Definitely the outperform in the region. Ofcould get maybe a gain. 25 . We
Questions in the senate. The strain of the trade war. We will bring you an exclusive with the company ceo. Lets see how things are shaping up in the early part of the asian session. Not much of a guide to what happened on wall street overnight. Sentiment down after a report that the trade deal between the u. S. And china may not decide at aipac after all and that kind of took a dent out of the s p after seeing earlier record highs. The asx just going online. We are seeing a flat start to the trading day. Flat to the downside. New zealand seeing upside. A mixed picture when it comes to asia futures. We have the nikkei looking lower and the kospi pretty much flat we are looking at a mildly positive open. Well. D decision week as we are expecting a cut this week when it comes to december. Not so much certainty. We are also on bank of japan watch as well. Lets get you the first word news with gritted. With ritika gupta. Ritika lebanons Prime Minister has resigned. Demonstrators were attack
Points here in just about half an hour of trade. To continue the worst twoday loss we have seen in a month when it comes to your hong kong shares. We have also seen a 1 drop across the board, with the kospi, and we are seeing some of the riskoff play when it comes to the japanese yen. We are strengthening about 1 5 of 1 . We are in i guess you could say a neutral pboc, but we are seeing some pressure when it comes to the currency, given the dollar seems to be awakening. Lets zoom out and see what else we are watching out, of course brent crude hitting below 60 a barrel yesterday. It has been the volatility that we have been seeing in hong kong , as assets here in the city continue to feel the pressure, given the protests we are seeing four day two out here today. We are seeing volatility. 19. 54. Onemonth rate. That got people worried. We are beyond thethe 2. 42, high we saw in 2000 eight we will see how things play out in the next couple of hours. , and we are82 seeing the offshore re
To see any sort of intervention in the session today . Did just get more jawboning, across from the japanese finance minister and even he seems to recognize that his comments at ba you, because he has put out a statement saying he is watching fx moves with a high sense of urgency as usual. Something he has said in the past but we will watch for a more concrete action coming through the end, holding above that 150 mark. It is really a function of the yield gap between the fed and the boj. You can see the 10 year yield just coming online fairly steady but at that level you are around six times higher than the counterpart in japan. The ggp 10year at yields. A stocks wise traders are focusing in on those bond market moves. And corporate earnings. You just mentioned meta but shares sliding and you can see that after hours move their down around 4 . The warning amongst others and on the economic outlook, so not a great lead into the session today. It is not just earnings in the u. S. There a
Challenge to washington and seoul, korea. We have the world covered here on daybreak asia. We will be live in beijing for chinas plans for a new silk road. In new york, all the details of the global hack attack. He careful as you turn your computers on. Liveis daybreak asia from bloombergs u. S. And asian headquarters. It sounds really ominous. It is just after 7 00 p. M. , those is a big story hospitals and government facilities being attacked, but all eyes will be on the bill and road forum, 78 billion in Infrastructure Spending pledged at the time we are a focus on data, retail sales data out of china. When it comes to the u. S. , theng seems to move much s p 500 2400 for the past couple of weeks. China,a big project from how will the u. S. And the rest of the world react. Earthquakelayy quality . We will examine that later in the program. We seem pretty stuck here. The retail Sales Numbers on friday did not eliminate anymore on where consumers in the market are going, so we will wa