Mark vassella. This is Bloomberg Markets asia. Ishaad that rally continuing we have treasuries and focus. Goldman sachs making the call about what could happen if. Ields go up to 4. 5 looking unlikely at the moment. But who knows. Jay powell, two testimonies on capitol hill. Highly cognizant of global markets. He would be aware of the significance and scrutiny over these separate days of testimony. Up fory report, setting janet yellen 2. 0. He will be want to be treading carefully given the web saw sessions we have had over the past few weeks. Over withtrong hand yesterday pushing its 50day price action on the friday session. Where watching the opening in hong kong. Got a barrage of japanese numbers coming out this week. How are we tracking so far . Sophie we have stocks across the board gaining ground at the tie ask the taiex. We are looking for yellen 2. 0 from jay powell. Hovering around 1. 07 against that backdrop. We have stocks in tokyo led higher by electronics, telcos seeing th
[inaudible conversations] senate reconsider the consideration of the tax cuts in jobs that and begin by walking through with the chief of staff from the joint committee on taxation following the conclusion of this process which will likely take some time it will be provided to members later today. Because of a large number of amendments we have processed a modified mark will be given to members later today and then everybody can have time to read over the modifications. We will reserve the markup for tomorrow morning with a the modified mark i appreciate members participation of yesterdays session and was glad to hear everyones initial thoughts however the number of issues were raised the required additional responses that characterization the bill as a massive tax cut for the rich that particular claim was repeated by almost every minority member of the committee but it is just not true. The committee on taxation has concluded not only does it maintain the tax code but the largest tax
It is losing its grip on the pc market. We end the week we started the week with geopolitical sermons over north korea. That has dissipated to a sense and now we have the vix spiking. The s p seeing it secondworst decline of the year. That was on continued political dysfunction out of washington. The Trump Administration in a state of policy paralysis as the to speak continues about charlottesville events and through his twitter page. Playingrisk aversion into the u. S. Session. I want to go to a click chart because this is a data point macro line we are looking at this hour. We are getting china property numbers, and what we have seen is this calm down for major cities. Beijing and shanghai seeing quite a sharp slowdown when it comes to stocks in these major cities. Moving quickly to quell what was seen as a property bubble. There were concerns of Housing Affordability and speculative line. We have seen the slowdown in prices. Bit moreing a little moderate because these measures have
The asian trading day getting underway, dow hitting 21,000 finally. S p seeing its biggest gain figure, all on these expectations we will see march move from the fed. All sorts of action in the asian trading session. Japan punching through aching resistance level. The question is whether Hong Kong Market will join in on the party. Malaysia and singapore getting online. What lets check in on the markets. Lets take a look at this chart on the terminal. Japanese benchmarks in poll position with the nikkei 225 and topics tracking the dows rise, this as the yen trades at a twoyear high, a 50 month high potential with little resistance in its way. Lets look elsewhere in the region. Korean shares also rising 8 10th of 1 . Factory output rising 3. 2 on a monthly basis. Over in australia, index up over 1 . Thanks and miners banks and miners following their australian counterparts. Report of china curbing output of steel and aluminum to reduce pollution. A ceo contact potential move a game chang
Fresh week ofe trading, lets have a look at what is going on. Singapore open. Ocbc very much in the frame. Lets see what they are up to right now. We are just getting warmed up. This is how the picture looks across the asiapacific region. It is a bit of a mixed. Trading sideways, really. That tells you how uneventful things have been today. If you things you might want to watch out for as we go through monday. Property prices in china comes out this china. Of course, the big one out of thailand later on. 10 30 a. M. , gdp. I want to point out southeast asia, what is happening there or what will be happening. The session opens up about 25 minutes from now. Why am i pointing this out at this point in time . Jollibee foods foods, some of their branches were closed due to lack of supply for fried chicken, one of their best selling products. They basically announced all of their branches are up and running. Up. A has been bought you look at some of these indicators, they do show that the st