But early suggest results to gamble may not pay off. We are live in madrid. Haidi to gamble may not pay off. We are live in madrid. Haidi lets hear how the trading week has started with markets coming online. Sydney starting trading. Investors after a bad week of trading, looking for a new catalyst. So for the next step up with trade negotiations, not much has developed but it is a big event risk week when it comes to the asian data, not least of which , industrialles production. Domestic activity out of china with the deeper numbers out of china recently. Theey on the back foot as day begins, new zealand trading up 1. 25 . We are seeing when it comes to trading in the u. S. Session this week, mildly positive after the s p closed out friday at a fresh record high. You see japanese markets extending gains into a sixth straight week. Lets get you to first word news. Su we start with more fallout in the u. K. From the brexit drama. Has kept the sovereign Credit Rating to a negative outloo
China september exports is coming through at the moment. Down. 7 in yuan terms. Going to get you the dollar figures when we get them. Lets look. No trading in tokyo today. It is sports day. Of people lot wouldnt have come to work anyway because of the weather conditions. Seng having a good showing. [indiscernible] look at some currencies. Tad. Strengthening a the ruppee, Inflation Numbers are out later today. On the central bank, which has declined to move last week. Singapore dollar, that is currently the situation. 1. 37. Lets not forget sterling. More uncertainty over brexit continues. Lets get more on what is going on with these trade numbers. David these are in renminbi terms. We have the local currency as well. Suffice to say, a lot worse than expected. We expected a 1. 5 increase in exports. 7 is what we got. Imports as big as well. Expected, we we got 6. 2 . This leaves not just the dollar figures but a whole raft of data set to come out throughout the course of the week, leadi
Coming through in bonds with yields climbing. Up by six basis points. Weakness coming through in the offshore yuan. We saw it weakening yesterday and we are watching moves coming into the Singapore Dollar that has fallen the most in the month against the u. S. Dollar. Generally broad strength coming through. Market falling to the lowest levels. Rishaad lets have a look at the hong kong executives response to the weekends of violence on the territory streets. Su keenan for the first word news. Hong kong chief executive carrie lam has appealed for an end to apps of vandalism acts of vandalism after some targeted subway stations over the weekend. She said the government is continuing to work on a platform for dialogue with the public in order to resolve tensions in society and said there was no need for interference in hong kongs internal issues. Treasury secretary Steven Mnuchin says the u. S. And china have made a lot of progress ahead of renewed trade talks next month, adding that the
He says and hands power back to brussels. To braceg warns china for a long struggle. President trump says a trade deal will be far tougher if he is reelected. Shery a quick check of how markets closed in the u. S. After being back from a long holiday weekend. Started firmly in the red. We had brexit concerns and trade tensions as well. The dow and nasdaq lost more than 1 . Tech and industrials leading the declines. The s p 500 showing its first loss in four sessions. We continue to see these concerns, not to mention that u. S. Factory numbers that we got during the morning session, we also saw the worst contraction in about three years. Treasury yields were under pressure. U. S. Futures at the moment not doing much but we have plenty of data coming out on asia as well. Let see how things are shaping up there. Selina that contraction in the u. S. Factory is a reminder of how fragile markets are amid the trade war. The futures market pointing to a mixed and muted market. Dataso saw some
The future of the italian leader emerges with a sticky point. And another election. Manus warm welcome to daybreak europe. The fx markets do not believe rhetoric. D in a lovely tweet from the chief Market Strategist increasingly, the markets are recognizing the alleged call from china. Is the u. S. Blinking because of the friday slide in markets . Do you believe the chinese really picked up the phone and said we want to get around the table . Nejra they say they did not and all we got was a slight shift in tone from President Trump. It does not mean his underlying strategy has changed at all. More there is a little risk on in the markets. If there is a shift in tone, maybe it will be followed by action. Certainly not thought of by the big companies. Tone. Is a shift in china badly wants a deal. There is certainly a shift along the as if you 500. By the diff by the way, the difference between u. S. Stocks in u. S. Futures dollaryen does not believe the mood music has shifted at all. The