Elusive. And suppose he says the house is. Transformed samsung into a global tech giant has died. Paul lets take a look at the markets right now. The asx in australia has just opened for trade at the start of the new week. We do have a staggered open. Pretty hard to get a bead on things. Pretty flat at the moment. We are waiting for cocacola to open on the news of this deal that the European Partners are moving to acquire the Company Valued at 9. 3 billion to underscore some of the consolidation going on. The aussie dollar holding a threeyear gain as the u. S. Stimulus talks continue to drag on. U. S. Futures looking a little weaker as well as nancy pelosi and mark meadows but he might accuse each other of quote, moving the goal post. Nikkei futures are pointing weaker as well. That is going to be a busy earnings week in japan. Starting off with kanaan reporting today with cannon reporting today. Lets start off with china at where the leaders are gathering in beijing to map out the fiv
Or rather, which is worse than expected. We had expectations of 0. 1 . Rishaad exactly and thats currently where we have industrial production. Coming inese are pretty much bang in line with what we were expecting. The retail sales and only showing this contraction for july. Lets get over to bank of chief chinarities economist. Headlines pretty much what we were expecting, but tell me, what sort of picture is it painting for you . That atlly, i would say first glance, this set of numbers does not look extremely encouraging. For several, industrial output ip we would have thought it would be somewhere around this in belowt still coming 5 implies that the momentum of continued industrial recovery seems to be moderating. I think that is number one that i got out of the data. Number two, if you think at investment, thats roughly in line, but we need to look at the breakdown for example properties versus infrastructure to know what is going on. More importantly, retail sales i think to a la
To break trump has yet the stimulus long gem. Softbank backs the virus handed record losses in may at a drop of the value, some may change with earnings later. Lets get a quick check of how the markets are trading. We are seeing u. S. Futures under a little bit of pressure, down 1 10 of 1 . We have President Trumps executive actions on stimulus measures boosting sentiment. That weighed in indices. The s p 500 saw the highest close in sixmonth in the longest winning streak since 2017. Aska futures at the moment japan comes back from mountain day holiday. I mentioned softbank earnings coming back later. The japanese yen Holding Around the weakest in more than two weeks. The bloomberg dollar index unchanged at the moment. This after it touched a oneweek high. Watch out for some data this morning. We are getting south koreas 10 day trade data. We are getting japan numbers, not to mention singapores final gdp numbers. Crude headed towards 42 a barrel after gaining the most in a week after s
Party rooms, that could reopen after may 28. A mix of good news there. We have some good news in the markets as well. We are seeing more reopening of economies. It seems like you cant really fight the fed at this point. We are seeing a second day of gains in the region. Jakarta coming back from that holiday. We are seeing again of. 5 . Also, india reopened today as well. Things are looking better. Lets see what else we are watching out for. Singapore is in focus. The outlook is not looking so good. The governor is slashing the to 7 . From 4 the hang seng as well, look at that, we are close to 400 points higher today. We are talking about the valuations and the steepest discount into decades. You have seen some depth buying dip buying happening. Take a look, currencies are looking a little quiet given the fact that the u. K. Saw thin trading with the london closing yesterday. See a liquidity injection from the pboc after a hiatus of 70 something days. When it comes to the sing this a we
As the outbreak crippled. Ctivity Saudi Arabia Oil export to day. D 10 Million Barrels a determine withts get you set up quick check of the markets. We are seeing u. S. Futures under pressure at the open. This after stock markets. Ebounded we have s s p 500 really moving green after we heard that the fed was commercial paper facility and additional move the we havent seen since financial crises. We are just getting more details from the fed. Establishing primary deal credit mentioned, were also getting a Deal Offering and funding. Rate. Te matching discount it will allow primary dealers to support market functionality. From jae powell saying thats what the fed was focused on which is restoring normal function in this dysfunctional condition. The fed saying that primary deal Credit Facilities established section 133, saying that available for at least six months from now. March 20th. Le starting on maturities up to 90 days. Were getting some of that on thecoming through latest effort by