15,000. Take a look at the kospi. We are focused on samsung earnings. Samsung warning of a profit slide as this virus squeezes the tech industry. Samsung shares largely after the results came out unchanged. We are watching out for the singapore jobless numbers coming out this hour. 2. 6 , an 11 year high. We see this recovery momentum coming back in offshore chinese stocks. The moving average yesterday when things close, and we are higher here today. Bank of china among them. Dollaryen, a little strength. And some strength for the korean won. Oil remains the story, but take a look at volatility. When it comes to oil contracts, we are leapfrogging of june to july and seeing wild gyrations. We have bounced back after wti auched 10, but we lost quarter of the value when it comes to crude. It looks like volatility will continue. Into julywill roll with the spread of the june and july contracts especially for wti getting rocked by volatility. Tom we will get more on that story in a few minu
To war. The nightmare stage of trumps rule is here, says michelle gold berg in the New York Times and paul krugman simply calls our president a bully. Democrats lining up to attack the president , Bernie Sanders says hes like putin. Assassinating dissonance. Meanwhile, theres real chaos, where hundreds of thousands on the streets for the funeral procession of Qassem Soleimani and then a stampede. Iranian state news media says more than 30 are dead. Overall this is a morning of confrontation, war talk threats and military preparations and as for the market, a shrug. Monday the dow made a 200point uturn and actually closed higher. This morning were looking at futures, minor loss for the dow and the s p, a 10point gain maybe for the nasdac at the opening bell but look at oil, another shrug on that market after the Soleimani Killing the price of oil moved to 63 64 a barrel today its back to 62 and the price of gas, Holding Steady the National Average still right there at 2. 58 per gallon.
Monetary policy settings to more free trade. Shery pressure mounts on Narendra Modi as he struggles with his unpopular citizenship law. The bjp is headed for defeat. Lets get you to japan. We are getting the latest minutes from the bank of japans october meeting. Boj members saying it is appropriate to clarify the downward bias for rates. It overhauls their forward gardens and they are saying it is important to enhance cooperation with the japanese government. This was back in october before the 120 billion in fiscal measures announced by the japanese government this month, so lets get straight to the market action. We have the open in japan in south korea. And south korea. Open in japan and south korea. Sophie we have little in the way of fresh catalysts. We will be watching for reaction to news that boeing has requested to halt shipments. Sony interview after the company apologized to customers for not being able to keep up with demand. It looks like a muted session is underway. Chan
Be off the table stocks set to open lower. Underperforming, a status check on the now not so hot ipo market. And the nbas china headache, one managers tweet about hong kong sparking a business backlash and political firestorm. The dow and the s p now in the midst of a threeweek loss, despite a friday rally, which was the best one day performance since august were set for a lower open china reportedly looking for a limited trade agreement when talks begin with the u. S. Later this week. This bloomberg piece, guys, talking about how dont expect massive agreement this week, but who knows. Still early. Well, conflicting reports out of i felt the Administration Last week. On friday, larry kudlow, chief economic adviser, said, there could be some good things. But if you look at the agenda of what the president wants, it is the exact opposite of what the chinese said to bloomberg. President s hoping to see an end to the deal, intellectual property, hoping to see the end of the technology tran
Head over to our website, bbc. Com news, german chancellor Angela Merkel visits china, as hong kong protesters asked for her support. The corgi comeback. Why their renewed popularity is creating business opportunities. Good morning, asia. Hello, world. Glad you could join us for this exciting friday edition of Asia Business report. Im rico hizon. We start off with german chancellor Angela Merkel who was in china for a three day visit. She has brought with her a large delegation of Business Leaders who want beijing to open up its markets. There is a lot at stake for them, as the us china trade war drags on and the Global Economy shows signs of slowing down. In 2018, china was germanys august trading partnerfor a third year in a row, with total trade worth more than 220 billion us dollars. China isa than 220 billion us dollars. China is a big market for german semiconductors, financial services, and most importantly its auto industry. Earlier i asked a correspondent if he expects mrs mer