Sunday on chinese goods will not happen so how is the market responded well pretty positively today with the market up friday but then kind of back down again the markets are confused lets bring back in my coanchor because the i and boom bust correspondent sarah month as they ok kristie ill start with you because heres the thing so much about the Straight Talk right we know that has been about getting this deal done and last week the president made a statement that things one of the deal he said was going to be done until after the 2020 election then the markets crash and so we jump back on that said oh no not true were very very close to a deal and then were sitting there today friday and were looking at the possibility of these new tariffs mean imposed so they get a deal done but no one saying specifically what is in the deal what do we know so right now the markets dont know anything and thats why today all day the markets start on in the negative and right now as a closing market t
Itsco prepares to make trading debut in riyadh. Reports say it is considering a secondary listing in asia. I want to get you to some breaking news out of new zealand. We have a fiscal update for you. They are cutting the Budget Surplus forecast. It now sees a budget deficit in 2019 and 2020. And smaller updates after that, specifically 943 million deficit. This is a previously forecast billion dollars. Returning to forecast the following years, but only just. Forecast was for 2. 1 billion. Growth of 2. 1 seeing a sharp wasward revision from what previously forecast as well. 2020 is an Election Year from new zealand, too. Just some headlines there. Thats get straight to the Market Action with Sophie Kamaruddin in hong kong. Sophie lets kick off with tokyo. Topix withand divergence. The end is Holding Steady. A bunch of event risk including the u. K. Election and the upcoming fed decision in hong kong with that tariffs deadline on sunday. A 10 year yield hovering around zero. Lets switch
Were the u. S. And china were expected to sign a partial trade deal. Alltimeks hit an high. Apple, lift, and facebook, all top earnings estimates. The start of trading begins in asia. The start of training in sydney trickling online. Trading has already been underway in new zealand. Weekve policy stocks in from the of it. New zealand trading flat at the moment. The kiwi dollar has been on the move. Higher after 1 west bank said the rmb would pause from november from cutting rates. Centralbank action is the name of the game as investors and asia decide for the meaning of what fed chair powell said overnight. It was a hawkish cut, saying things would stay on hold until the material changes to the Economic Outlook. In his press conference, suggesting inflation is key as to whether they would be any hikes down the road. That does not look likely at the moment. As wes looking positive go into a bank of japan decision day. Shery we have south koreas Industrial Production numbers jumping 2 af
Edge of the Samsung Electronics empire is Corruption Case is up for review. Im going from one place to business and you study shows europes economic engine is stabilizing and thats despite so much uncertainty surrounding the future of global trade and the potential fallout of brags that the Business Climate index has just been released and economists surprised they were expecting morale to take another hit instead its Holding Steady many businesses actually expect order numbers to grow over the next half year germanys export refined economy has been suffering from slower Global Growth and Business Uncertainty caused by some governments protectionist measures. And we can get out to tens 1st president of the institute what has changed. Oh yes we have a change in manufacturing so the decline in the evil in the eggs were mostly due to a decline in manufacturing over over months and we now have a some of the stabilization in this very important area for the German Economy one of the reasons
Over austerity measures that cut fuel subsidies. Brazil says 100 tons of oil spilled along its northeastern coast has affected dozens of cities. And the u. S. Politicians are accused but accusing basketball body n. B. A. Of full say King Hong Kong protesters for the lure of the chinese market. U. S. President donald trump says he is fulfilling a Campaign Promise to get out of endless wars by withdrawing u. S. Troops from North Eastern syria but democrats as well the Senior Republicans say hes undermining americas credibility by abandoning the codes to a potential turkish attack well encore of a god syrias kurdish fighters as an extension of the kurdish separatists back home a White House Correspondent kimberly how it has the reaction from the u. S. But 1st lets begin with sin and in istanbul. U. S. Forces have begun to withdrawing from their positions along syrias border with turkey it follows a sudden statement from the white house overnight where it announced that turkey would be mov