Dozens are west it as protesters target the airport and subway network. Dozens arrested. Argentine in christ it again. Capital controls try to hold the country on the as the default. Reminder on how u. S. Stocks ended the session as we begin the trading week in asia. From the dow jones for the s p to the nasdaq, you have the close and stocks within a range of 0. 15 . Not much moving ahead of the long weekend in the u. S. This s prtly we see futures pair when they opened they were down a percent. They pulled back, maybe a reaction from friday. Mostly everything that is happened since friday. On friday, u. S. Consumer sentiment measured from the university of michigan closely watched survey hit as its lowest level since 2016. Everyone waiting for tariffs which went into effect on september 1. Chinas many factoring pmis, purchasing managers index, one of the most important numbers to watch for 70 countries, when it comes to manufacturing, a big problem a whopping from the trade war. China
Bank of america has more net Brian Moynihan seems little see little chance of a recession. Shery in the u. S. It was another relief rally with the dow gaining one. 2 . Every sector in the s p 500 in the green, chipmakers pacing the gains, nvidia positive resultss helping not mention circulation european officials could come to the rescue if economic numbers deteriorate more in the continent. We saw more optimistic. Optimism. The nasdaq was up. The future will be on jackson the fed chair has to say when he gives a speech on friday. In the meantime we have u. S. Futures up. 3 . Lets see how we are setting up in asia. Stocks this monday asian are ramping up for a positive start, kiwi shares adding. 2 percent while kiwi 10 year yields are above 1 level amid prospects for stimulus to counter some of these growth fears. Repairinghe pboc is borrowing costs. The rate refund. In hong kong, the warning of economic typhoon after we saw gdp contract more than expected. Switching the board on the c
U. S. Inflation is stagnant, unemployment near a halfcentury low. Shery lets look at how the markets close friday in the u. S. The s p 500 and nasdaq closing at record highs, the s p with its biggest jump in three weeks, the nasdaq in five. We had twitter and alphabet leading the rally and positive results. That sent top tech stocks higher. This coming at a time when we had strongerthanexpected secondquarter gdp numbers. But did nothing to stop expectations at the fed. It is a busy week for earnings very and we have 160 firms on the s p 500 reporting earnings, of this season. Futures not doing much. Lets see how we are setting up in asia. Paul we have the new zealand open we have market new zealand open, trading. Futures markets also looking reasonably positive area japan looking kind of flat, futures trading out of chicago not doing a great deal. Similar for the kospi, futures pointing higher by. 2 5 . Also important week for the bank of japan, on Central Bank Watch and we will have m
New protests in hong kong. No cigar. Shinzo abes Ruling Coalition wins the upper house but has failed a getting a super majority. We will have the results of the reaction. After a volatile week, stocks closed lower on friday amidst news of mounting tensions in the persian gulf. The Federal Reserve will limit a rate cut to a quarter of a point. Sophie we are setting up for a soft start to a busy week. On thursday, we will get south korean gdp numbers, ahead of which we will get export data in about an hours time. We are moving into high gear on the earnings front, with about 200 Japanese Companies reporting this week. Watching asahi. Switching up the board to check in on oil. Persian gulf tensions are extending a rally. Theleen lets check in on first world news. The Hong Kong Government has denounced the actions of protesters who targeted chinas main headquarters in the city as a peaceful mass rally turned violent late sunday evening. Gas asfired tear demonstrators converged on beijings
Tencent or alibaba to list at home in hong kong. Engle ini am stephen tokyo. Shinzo abe wins the upper house vote but failed to secure a super majority. We will have results and reaction. Kathleen Market Action into asian trading, we have to take a look at u. S. Trading first. The stock market was on its way to a modest gain, mixed results on earnings reports, microsoft with a great report, netflix not so great looking over the course of the week. Friday it was news late in the day irans revolutionary guard seized a British Oil Tanker in the strait of hormuz. As you can see at the close we had the dow jones down a quarterpoint, 68 point decline. At. 75 percent loss. It is just after 6 00 in the u. S. , so futures are looking to decline on the s p 500. Also wondering about the fed friday, the president of the st. Louis fed repeated he is in favor of a 25 basis point cut a day after John Williams seemed to be saying he was on board for a 50 basis point cut. New york had to clarify he was