It has been a rough quarter for the hang seng index down 8 in that period. Property slumping about 13 in the same period. A long way to go. In terms of new zealand, up 0. 7 . Singapore as well as indonesia. China on holiday. In the fx space the dollar down for a second day but bear in mind it is still a strong dollar story. For today, up 0. 4 in the ringgit. Gains for the kiwi as well as the aussie. The commodity space, oil still hovering strongly above 90 a barrel, putting the inflation story back in play and in the bond market, well, we have yields trending higher in australia and japan as well as singapore. 30 year yield in japan at the highest level since 2009. Expectations normalization is about to take place. Rishaad lets look at china, just getting the open their. Having a look at whats happening. Trade data out later today in the afternoon. Just about a one point gain. 0. 1 . The bart a little moved. If you look at the course of september it is down 4. 5 . We are also looking f
As consumer spending. Brace for furloughs as the Government Shutdown looms with a lastminute deal looking unlikely. Shares of carmakers gaining again and the Auto Workers Union is dialing back its push for a 40 pay rise. That report said u. S. Stocks slightly higher in the new york session, we saw stocks rebounding and we also had to contend with technicals where we were nearing that oversold territory for the s p 500. Right now, 14 to april tip strength index around the 35 level, you could see u. S. Futures extending those gains as well. We saw the treasury selloff cooling down a little bit, the 10 year yield backbone hope 4. 6 . We have data that we were trying to digest, including consumer spending, rising at the weakest pace in about a year last quarter, not to mention comments from a couple of fed officials that took it more devilishly. We have the dollar index also falling for the first time in seven sessions and oil in the Asian Session you can see the wti up. 2 . That massive r
Annabelle counting down to asias major market opens. Haidi asian equities set to open lower after wall streets biggest line in six months as the reality of higher for longer sticks in. The global. Australia hitting a deadline to respond to the regulators into end strikes at chevron export facilities. Breaking news crossing the bloomberg when it comes to the Australian Judo Bank pmi numbers. What we had seen was relatively sanguine data from australia despite the hikes. We are seeing the pmi composite number preliminary reading coming in at 50. 2. That is actually a jump from 58 for getting out of contractionary territory. A slight deterioration from 49. 6. Something further into contraction. The Services Component of that seeing an improvement at 58. 5. Quite significantly pulling back. Fairly steep in contractionary territory and now just expanding. Shery look at u. S. Futures. Early in the Asian Session after the s p 500 saw its first date march. S p and nasdaq 500 now on track for t
Im anna edwards. Manus and im manus cranny. Algorithms abound in the market, smashed down 6 at its worst point today, but that is nothing. On the brexit day, we dropped by over 8 . We dropped by 6 and saw it come back to a decline of 1 , standard deviation. There they are. This is one standard deviation, two standard deviations. Has dropped by approximately one and a half standard deviations. Goldman sachs says there has been a big psychological break. That break of 120 changes the dynamic. On one platform, it traded down to 113. 78. Hollandether francois had something to do with it during a very low volume period of trading, that is something to consider. Lets start the risk radar around the pound and show you how we are recovering. The pound was selling against a number of currencies, not just the dollar. We have recovered a bit, that we are still down 1. 5 against the u. S. Dollar into down by 1 against the euro. We have seen is essential move, or the Great British selloff. Manus th
States. Germanys Second Largest Bank plummets. Be the Second Quarter as good as it gets for the majors this year . And hope. Ow favoring an immediate stimulus to the uk following bmi weeks dire readings. Welcome to countdown everybody. Breaking e bit of for you fond people. Well ahead of the market estimate of 326. They raised a full year guidance. Sales numbers come in, just a little bit lower. If you want to understand what they think about polymers, this is the foams or car parts, the polycarbonate that goes into the top of your laptop cases. Course, it was divested, sold off as part of the buyer family. 64 stake have a in this company. And that could be useful do deals. To Second Quarter group level 7. 7 . Olumes up they say that the loans to repaid in be full. So top line is they are year the full guidance. Its by freedom. Freedom to make decisions in closing it systems, plants in brazil, and, of course, they are on target for cost cuts. A conversation a little later on in program