Markets, yields are continuing to move up. When you look at the japanese 10 year, we are flirting with the zero line. At some point, maybe, we will see if we break above the japanese 10 year. Let me end on this. Some markets are substantially down for the week. The dollar is also seeing a drop. 1 , that is ahead of the u. S. Jobs numbers, which comes out later today. Su keenan is with eyes. She is going to update is with us. She is going to update us. Su lets get right to the newest. We are going to start with china, which has competed has repeated it is going to remain in close contact with the u. S. Over trade. Reports suggest the two sides montharing a recorded 20 spat. The u. S. Intends to impose duties on more chinese imports if a deal is not struck by december 15. A new report says Political Uncertainty in the u. K. Is planning have playing havoc with the job market. Wage pressures continuing to ease. The Employment Federation says companies delayed or canceled plans last month.
But security saying you will see the boj stop buying longer take 2020. In a move in the aussie in focus today. We are hearing hedge funds switching to bearish. The dollar is weaker ahead of inflation data due for november. Were also watching the thai baht, stronger against the ringback. Trade data against the greenback. Rishaad the Indian Trading day, futures are looking flat. What we have seen, discussing a short while ago, record highs for the nifty and the sensex. Friday no exception. It toheless, that brought a record high for the index of some of the heavyweight stocks. The rupee is flat. The 10 year yields, big move lurched to the downside, Something Like 10 basis point in terms of the yield. The prospects here of further Interest Rate cuts, again brought to the fore. It says something that has gotten more and more credibility as we do see further signs of weakness, particularly on the demand side from the indian economy. Thats a look at what we have in prospect. With look at wha
The hang seng at the moment. The two thirds of 1 . Lets look at what is going on with the nikkei. Market, we are seeing a move to the upside. A case of bad news and good news. Indicating they could institute Interest Rate cuts. Lets get to the other asset classes. This is where we find ourselves at the moment. It must have been quite a meeting between the fed chair powell and his boss, the president. It must have been. A yield to that has barely been budged in. We have been seeing them lurch higher. More uncertainty in the haven buying. Pence against the euro. That is sterling moving to six month highs against its european counterpart as the threat of a hard brexit recedes. Aussie dollar moving to the downside. Just under . 68 u. S. Where it istuation to the downside potentially. Theyof many are saying would not be surprised to see a 66 handle in the nottoodistant future. Then we have the Violence Center stage in hong kong. It is continuing. That continues to be our top story right now
Nissan fell 4. 5 . The biggest fall since august. The hang seng, another bourdais. Well below the water 27,000 level. The 127 level. 127,000 level. Lets have a look at what else is going on. Lets look at bonds. The yield, 1. 91 the 10 year. Talk there, with much earlier this week that we would have seen a move toward the 2 handle, which would send a signal of positivity, but it would be translated as bad good news being translated into bad. The new Zealand Dollar up 1 . The cap Interest Rates on a whole. They cap Interest Rates on a whole hold. They are not ruling out stimulus. Europe, 1. 10 handle. 5 . Anese 10 year yields,. 0 three basis points to the downside. Thats the markets. Was look at the first word news. Su keenan. We start with bolivia. The power vacuum has seen an opposition lawmaker declared herself the president. Socialist morale is that the country in chaos, but now the senator says she will assume leadership of the chamber, making her the head of state. Mexico that she
Yields, lets look at how the bond markets in asia are looking. Boj stepping in to stop the slide in yields. Yields have been below the target of the boj. How much can the boj do . It cut its bond prices by ¥30 million today. Will it do more . Stimulus over the next six years not helping. We have new zealand 10 year yield below 1 currently, ann australiad 10 year yield below one as well. We talk about inversions of two and 10s, it looks like asia may be looking at the same phenomenon. Some are looking at singapore and australia to experience those inversions. Yvonne lets take a look at india. We potentially could see a catchup rally. We are seeing that in the cost the already kospi already. The nifty closed up 110 of 9 . 10th of 1 the rupee at 71. 44. We heard a speech from Narendra Modi heading back at critics on his decision to revoke kashmirs autonomy. Impact talk about the that violence has seen on the economy. Lets get to first word news. China has slammed looming u. S. Tariffs, s