Annabelle we are counting down to asias major market opens. Paul australias just come online for trade. Traders are looking past a harder than expected u. S. Ppi reading to focus on less hawkish fed commentary. The latest meeting minutes, noting the risks of both over and under tightening. Israel forms an emergency unity government as officials indicate they are preparing for a massive military assault on gaza. Annabelle weve got the open of the asx 200. You can see a very modest gain coming through for aussie stocks. That is a sixth session hi. It follows the gains we saw in the wall street session overnight. What we are watching today essentially is a that story thats come through in treasuries, lower yields, being reflected in the aussie three year, the 10 year. The policy greenback, a little bit firmer aussie greenback, a little bit firm. Traders are taking heed of the dovish views coming through from the fed, expectation around what the fed does next and perhaps we will not see a
Fourth quarter is underway but investors are facing a wall of worry. But so far the script hasnt changed. Growth stocks higher, bond yields in orbit. Confusion. Were trying to tackle this. Weve got the issues facing with us and wonder if it is happening during the calendar. Well break it down. Blackrocks larry fink is not helping the situation. He says he sees more fear than anytime. Anytime . Why these billionaire masters of the universe expressing fear . Im not sure that is how they got filthy rich. Tweet me cvpayne. Are you buying that . The modern day scab, worse than toads and vampires combined. I will explain that later in the show in my take. All that and more on making money. Charles all right, so we can put a Government Shutdown on the backburner. Lets face it, despite the hype nobody really cared, nobody on wall street really cared about that instead i have the list here of the top concerns for investors. Here is what is interesting. Recession last month came in a little bit
Offered invitations for the others to visit. Chinas staterun tv says its admirable that trump decided to adhere to the policy and the policy is the basis for the relationship between the two countries. Trump had previously ruffled chinas feathers by taking a call friday taiwans president after his election win. He questioned whether the u. S. Would recognize the onechina principle. The policy recognizes taiwan as a part of china. The japanese Prime Minister is in washington ahead of a summit with trump. Earlier we spoke with our reporter tomoko kamata. Shinzo abe says he wants to strengthen the u. S. Japan alliance and deepen ties that benefit both countries. I think he wants to re affirm the american commitment to the asiapacific region. Trumps campaign remarks on security raised concern. I want to defend japan. I want to continue. But they have to continue to pay. They have to pay us the fair amount. Maybe japan has to defend themselves. Okay . It is unlikely that trump is reconsider
Government ships helped crews board fishing vessels. They believe they were inspecting as part of Law Enforcement duties. They issued warnings about the activities in the waters. As intrusions of chinese ships increase, japanese government officials have made a record of the instances public. They posted photos of Patrol Vessels spotted near the Senkaku Islands friday through monday. On one occasion, a record high number of 15 vessels sailed together. And as many as 11 ships entered japanese waters in one day. Foreign minister Fumio Kishida sat down with chinas ambassador to japan cheng. He said unilateral is unacceptable. Japanese officials plan to release an english record on the incursions. China and taiwan claim the islands. The u. S. Government says its keeping an eye on the events unfolding in the region. So were closely monitoring the situation. Were in close communication with the japanese Government Regarding their concern. The United States position on the Senkaku Islands as
The tokyo shares did open higher, but dipped below. Currently at 15,911. Thats a loss of more than 1 . The index is falling again after losing more than 5 on tuesday. Lets check on the currencies. The dollar yen trading the lowest level since november 2014. The mid 114 level. 114. 49. The ip vest tors buying the japanese currency as a safer asset. The strength on the dollar, the common currency, 1. 1291 to 1294. Thats after gaining 1 overnight. Our markets across the asia pacific region. Australia, shares are lower by 1. 2 . Seoul and many other markets in the region are still closed for the Lunar New Year holiday. I will have more Business News later, for now, its going to be back to catherine. Thanks very much. Washingtons top intelligence officials raising concerns over the north korea program. It could begin extracting clapper, the director of National Intelligence revealed his threat assessment at a senate committee. He said intelligence officials judged that north korea has expan