We have seen action from the pboc already. They have cut their mlf rate. We are also headed towards the loan prime rate announcement this thursday. All eyes on what the easing measures could look like. Lets look at the Market Action now with sarah ponczek. Sarah it is a mixed picture across the asiapacific region, but it is really just tip japan after the weaker than expected gdp, donna bowen. 7 but well off lows of the session. At one point the nikkei was down 1. 5 . Making its way back to positive territory but still seeing steep declines. Mainland stocks and hong kong stocks continuing to see upside after strong returns last week. Now making up all the postLunar New Year losses. And hong kong hang seng up. 6 . U. S. Futures extending gains after closing at a record on friday. But remember, u. S. Markets will be closed for the president s day holiday on monday. One index i want to show you is the ms ci all country world index, one that houses emerging and developed market stocks. Giv
This is the position we find ourselves in. Looking at futures contracts for the s p, those are indicating just about a flat picture. We did have records once again for the major benchmark indices on wall street that should have been given is more of an uplift to the tail end. It is just up fractionally in the msci all country world index , which means we are just about 1 away from a record when it comes to global stocks. This is what we have just at the moment. Just appreciating just a little bit despite the horrible production. The fact that the rba is paused for now with regard to Interest Rates and a ruling out a move toward quantitative easing for the time being, just playing in the yield, just in three basis points. Ok. With that in mind, lets find out what else is happening. Lets get to the first word news. Thank you. We are going to start with the white house. A budget official in the Trump Administration says he warned his superiors that a hold on security aid for ukraine could
Selassie. Gretasamberg tells says the future has been stolen by greed and arrogance. It is the monday trading which has concluded in the u. S. Lets get a quick reminder of how stocks ended the session. It was a welcome conclusion to see the stocks pretty much flat after a bit of a slump on friday. You can see the s p 500. 0. 1 , butu call down pretty much flat across the board. 2 gain, six points. Lets get things going. This market was a lot about numbers. U. S. , the services indexed stayed pretty good. It was in europe where germanys manufacturing purchasing inagers index went to 41 september, way below 50, in contraction territory. A lot of economists saying that is a recession signal. Indexro Bloomberg Euro is at its lowest since 2017. If you have been watching that as well, what about helping asian markets as they get underway . Sophie we will be hearing from a lot of policymakers across the region. Ahead of that, futures are looking mixed. Kiwi stocks swung to losses and hinting
, pilotsblems for boeing say they have Software Issues with other planes in the fleet. We are live here in osaka for the first way of the g20 summit here. Is big elephant in the room trade talks between President Trump and president xi on saturday, but before that, a busy day for President Trump. He just met with shinzo abe. Now, in trilateral talks as well. Those two countries have been criticized by President Trump when it comes to trade. And as a packed agenda you say, we saw President Trump sitting down with Prime Minister abe and prior to that, president xi. Also, they did highlight some of the concerns, island building by the chinese and some other tray concerns as well. Lets get you uptodate with some of the Market Action we have had self are. A midsectiong at in asia, most ending the session in green, but of course, holding back one would assume ahead of , the asiapacific pretty much flat. In terms of the futures, you are looking at a bit of positivity there, hans on teachers a
It has been a rough quarter for the hang seng index down 8 in that period. Property slumping about 13 in the same period. A long way to go. In terms of new zealand, up 0. 7 . Singapore as well as indonesia. China on holiday. In the fx space the dollar down for a second day but bear in mind it is still a strong dollar story. For today, up 0. 4 in the ringgit. Gains for the kiwi as well as the aussie. The commodity space, oil still hovering strongly above 90 a barrel, putting the inflation story back in play and in the bond market, well, we have yields trending higher in australia and japan as well as singapore. 30 year yield in japan at the highest level since 2009. Expectations normalization is about to take place. Rishaad lets look at china, just getting the open their. Having a look at whats happening. Trade data out later today in the afternoon. Just about a one point gain. 0. 1 . The bart a little moved. If you look at the course of september it is down 4. 5 . We are also looking f