Consumer prices beat forecasts. Shery shinzo abe faces yearend pressure. His popularity is sinking to its lowest in more than a year. Japan is coming online alongside the south korea as well. Lets get straight to the Market Action with sophie. Sophie. Sophie we are in the final stretch of 2019. Japanese stocks did manage to pull through on thursday. The topix with an eight day drop. The topix hitting ground along with the nikkei 225. Today, stocks are trading exdividend today. Lets check in on the open in seoul. We are seeing downside moves for the kospi. We will see what the index can crack 2200 points. Switching it now to check in on the mood in sydney, the asx 200 gaining some ground with gold miners among the biggest advancers. Resolute leading the pack, jumping 7. 5 percent earlier with spot gold on course for the best year since 2010. Jumping into the terminal, that momentum could make for a solid 2020 for gold as traders make attempts to carve out a higher trading range after bu
Dependent. Lets have a look at what is going on with some of the moving parts in some of these assets. The 10 year yield was going up to 2 , which could signal all sorts of things regarding the economy and the u. S. Economy. And expect through the fed to be moving for the time being. The japanese 10 year yield has been on a tear. Bonds have been following. The bond market coming back a little bit. Up to the zero level. This is the hang seng Property Index in lieu of the Property Price numbers we had out of china. Higher at the moment. About 6. 7 so far. Looking at the idr as it strengthens, we do get trade data that you give us a single how a signal how indonesia is bearing the winds of commerce. Lets go across the world and get over to new york. Su keenan is there. Start with hong kong, which faces a fifth week of disruption as protesters step up their campaign a the business district. The unrest is hitting the economy hard. J. P. Morgan chase and they caved a pacific are the latest t
The key levels we are looking at, the bloomberg dollar index, hinting at a critical level. Sterling has not been at these levels since the beginning of may. Optimism of perhaps not a hard brexit taking place but a deal could be done. We will have a guest from jeffries and we will ask if there is too much baked in to pound. The euro gaining traction. Seven weeks highs we were at earlier with the euro. The Australian Dollar moving slightly to the upside. 86 for the aussie. Looking at new york as we get to first word news and su keenan. Tradeina is offering a olive branch that could survive rising tensions over the hong kong autonomy bills on capitol hill. After President Trump announced the sides had agreed, phase one of the deal, beijing going to tackle the forced tech transfers that are a key issue for the u. S. Makehinese government will sure of equal treatment in china for companies. Trump it will be one of the biggest deals. Now we are getting a papered out but they are getting it p
We will hear from the erickson ceo. Manus very warm welcome. There is a nonveteran. Is a bond there veteran. Says, we are in for a rough slowdown in the u. S. Andof his fund is in cash his buyers are getting worried. The beige book tells me there is only a slight modest pace of growth. Good morning. Not fixedsaid it is income investment, it is fixed lawson testing. He does expect a recession in europe and a slowdown in the u. S. Some signs ofaybe concern with the retail sales but lets get back to erickson. In earnings season in europe. Ericsson is telling us, six. 5 billion swedish krona. Net sales, a eight on the estimate of a beat on the estimate. The third adjusted gross margin also beat with 36. 6. We have some guidance as well. 2020. 240 billion for the numbersg like are beating and so is the guidance. A boost from 5g upgrades among other things. Manus on the commercial side, the troubled asset manager in switzerland, they are saying they will reiterate the 2019 guidance. Net outf
Torrid few days. Lets get to some of the movers and Asset Classes making waves. Quickly looking at the 10 year one of the council numbers suggesting he wants to get out of the negative Interest Rate regime we have as quickly as possible. The yen on the way up,. 1 , down the dollar. By rupee the dollar down. 25 . Weve got banking issues in india at the moment playing out on the bond market but what we have what does the r. B. I. Say about all of that later . The hang seng Property Index is actually up. 1 after recent declines. Country garden coming out with a pollen figures showing how bad appalling figures showing how bad things are here. Lets get to new york and look at world news headlines. With thell start latest on the trade negotiations. Chinas top trade negotiator flies back to washington next week. This as the two sides revive talks that have been stalled for months. Details have not been released but it is thought they will begin meeting as of thursday. Negotiations were given