The recovery is under threat from the covid19 resurgence. Frydenberg says the other plumbing rate will jump in the coming weeks. Economy and the government handling of covid19. A look at howake we are shaping up for a new trading week in asia as the market continues to search for direction. U. S. Stocks trading close to fresh highs. We had the stock market up for a fourth straight week friday amid albeit light volumes. Up. 2 this morning and asia and we are seeing positivity going into the start of trading in japan. We have one report Prime Minister shinzo abe is headed back to the hospital so we will continue to watch that story. And the potential applications for policy continuity. Japanese yen Holding Steady at 105. 86, with a rebound in the friday session. Rise in u. S. Treasuries. At 42. Crude trading 49, ending the last week its advancering in asia. Shery lets talk about china. Beijing is offering support to strengthen hong kongs role as an International Financial center. For mor
Damaging as the financial crashes. Italy is taking steps to contain the worst infection rate outside of china. All businesses and pharmacies are ordered to close. Shery lets get you a check of the markets in the u. S. We had the dow fall into a bear. Arket territory, falling 20 the s p 500 a hair away from the 19 lower than the previous high. We had every group on the s p 500 sinking more than 3 . The nasdaq down 4. 7 . U. S. Futures under pressure. We have seen no more details on the substantive stimulus that President Trump had promised. In the afternoon, he said at one point that the u. S. May not need the fiscal measures. That did not sit well with the markets. U. S. Futures gaining 2 10 of 1 . We will see how we do without how we do throughout the rest of the session. News and headlines dominate market sentiment. Sophie a lot of caution. A she futures pointing lower despite the global stimulus engine being revved up. In new zealand, a fiscal response is being considered. The rbnz
State sponsor of terrorism. That at T Press Conference is still happening. We are listening for breaking news out of that. In the meantime, we had that bounceback, but lots of people are saying, the correction in the markets might not be over yet. If you look at this chart, it just shows you come indicated by the white line, that the leading indicator continues to show pretty robust growth in the u. S. , 3 plus gdp growth in the United States, which is a reason why, even though there are some bulls out there getting worried about the stretched valuations, when they look at the indicators, they are saying, it still seems like it is a go for the markets. You might call them reluctant bowls. Yvonne yeah, global synchronized growth is what we continue to hear from a lot of our guests. You can certainly see that in europe, as well. Despite the Political Uncertainty surrounding germany and chancellor merkel, the dax is shrugging off that risk. Are still looking for some type of catalyst of w
Short on details. Amid more detail permitted g. M. The latest company hit i the scandal. Betty we heard President Trump talk about tax reform and how it would be a boon for the average american. Also a boon for the u. S. Stock markets. He talked about how he has seen an unprecedented rally in stocks, based on his presidency. I want to pull up this chart, which i think is fantastic. It shows you how much the s p stocks have risen since trump took office. In thee has gained more timeframe he has been in office obama, and clinton in 1992, he is behind kennedy, bush in 1998, clinton when he was reelected in 1996, and roosevelt in 1932. Terms oft was huge, in how much market cap he has added, 4. 4 trillion. But that has to do with how much bigger markets are these days. Yvonne that speech in pennsylvania, President Trump the salesman came through. It was like he was on the campaign trail, once again. Emphasizing the middle class family. Some economists are still disagreeing on that front. B
Whether they can deliver that momentum still. The atmosphere is electric at the tokyo motor show as they present their vision of the future. Betty speaking about electric, breaking news on south koreas preliminary thirdquarter numbers. Ier on south korean gdp, up 1. 4 , quarter on quarter. Much bigger than economists had expected at 0. 9 . More than double what we saw in the second quarter. Ofr on year, a healthy rise 3. 6 . That is also above the estimate of our rise or expansion of 3 . Well above what we saw in the prior quarter. Helped likely by the continued export of electronic parts, particularly for smartphones. It is interesting, the markets have continued to rise. Maybe that is adding to Consumer Sentiment in south korea, despite geopolitical tensions with north korea. That is the risk, as always, with south korea. Yvonne have not seen the numbers yet, but 3. 6 is a threeyear high for south korea. We have a chart that says it all. Is the bok going to be the First Asian Bank to