Policy speech. The city faces rising infection rates and a clamp from beijing. Joe biden names his Foreign Policy and Security Team as he with to calm Relations International friends and foes. He says america is back ready to lead. Haidi lets look at the set up at the start of trading. We are seeing some green shoots at the open, about. 4 higher. Global stocks as well as asian stocks continuing to be on a tear. We are watching keenly for developments in kiwi assets, given we had the rbc releasing its semiannual stability report. This is pushing the kiwi dollar higher. U. S. Ashed through . 70 yesterday and we are seeing expectations of negative rates dissipate even further. Unlovedtors rotate into areas, it may not mean the end of things that have been successful so far. John praveen is Portfolio Manager for qma. He joins us on the phone from new york. We are talking about what happens to big tech given the rotation trade gaining a more solid footing. Is it the behavioral changes, chan
We are also watching currency, the dollar has been the big story this week. The euro as well as its counterpart. We are taking a pause from the rally after the ecb, but if we see a gain today, that would take that streak for the longest in 16 years of nine days straight. So far it is flat. Flirting withlar . 70 for the first time this year. The dollar weakening across the board with the exception of the yen. Dollaryen, and offshore hovering. We are watching the bond markets as well. The mliv question is, the yields we are seeing, will they disrupt the equity rally . The u. S. 10 year after the u. S. Jobless numbers that fell again, treasuries ing the worst brent slipping after they did extend cuts after a breakthrough with iraq. Tom the European Central bank did put its money where its mouth is, announcing a bigger than expected increase in emergency bond buying, responding to what it calls the unprecedented contraction in the euro area economy. Kathleen hays has the story. What is dri
Officials in japan, suzuki saying that thet are aiming for wage growth. It was in contraction territory for the 24th straight month. This week it has been the continued slippage in the japanese yen now trading, above the 155 mark. The question of how long if we did indeed see intervention twice last week which does appear to be the case how long that will last in the market. Today we have the nikkei 225 coming on to the upside. Wall street overnight had signals of positivity. We had weaker than expected initial jobless claims. It really backs the case that the fed can cut rates later this year. Nikkei up zero. 4 . Lets look at how the korea how korea is sharing a bank. The korean won looking for more against the dollar how korea is [crowd cheering]. The korean won looking firm or against the dollar. Haidi in sydney we had a giveback of the recent gains, the 5session winning streak. Retail is dragging. This meant lower on the session. But a bit of a bounce back there, 0. 1 higher. We ha
Percent, of course that index declined for the past month. Pulling the most funds out of japan in a decade. We are seeing profittaking after a whole year of gains. Cross, that bearish indicator, suggesting the index will see a further downside. In theeing a decline afx. The aussie dollar still trading at 70 u. S. Cents. Shanghai failing to hold on to earlier gains. G down 10 . N after falling up to a twoyear low. Lets look at the shanghai composite and what is being done this morning. Its losing momentum from the storage we saw earlier in the day. We had news saying that regulators assigning regulators saying that it made a cost of assigning risk. 10 minutes into training, we saw it rise, but it has been losing momentum. Also, china rewinding its 2014 gdp growth to 7. 3 from 7. 4 , and we are still looking for an update. Angie can you give us an idea for an update. To give us an idea on how much they are shoring up local markets. The recent selloff was high on the agenda when the g20 m
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