Of the technocrat and says fiscal virtue must be enforced. Let us know what you think of our top stories. Use2w me on twitter1 and rishaadtv, and use trendingbusiness. David is having a look at what is happening does far. Asia closee cap, just to recap, asia flat last week asia week. Flat last taiwan, 3. 96 , roughly in line with estimates. ,xport numbers from south korea first 20 days, slightly lower year on year move,. 3 , call it flat. We are looking at a long streak of monthly declines in south korea, 18 straight months now. Volumes are still quite light across the equity space. Going adjustment. Will the fed raise rates . What we have seen since friday into this morning and into what were seeing right now is a lot of u. S. Dollar strength coming back. Whenever we hit the 100 level, we get decent buying into the dollar. The euro weakening as well. At . 76. E dollar rishaad right. Shares in fortescue on the up up, it tripling on the tripling its fullyear profit. How do these numbers
Welcome to countdown. Im anna edwards. Just on 6 00 in london, bright and early, lets get to some of the latest market moves. The fed commentary driving that. Ive got a chart that shows where the dollar has been. In the red boxes, can see the effects from the hawkish commentary weve been getting from the fed. Ill draw your attention to the comments we had over the weekend from the fed vice chairman Stanley Fischer saying that economic goals are close to being met and the market readjusting once again. Little more chance of a fed rate hike perhaps being factored into the dollar. Lets bring up the risk radar and show you currency markets. 94. 89, ar index at lift of 0. 4 . The work function on bloomberg suggesting a 22 chance of a rate hike in september. Not much change versus friday. Weve got dollaryen in there as well. The yen under pressure. Further chance of easing being flagged by governor kuroda. He talks about a sufficient chance of more policy easing. He talked about not doing he
Election. It is know what you think of our top stories. Follow me on twitter at rishaadtv , include trendingbusiness as well. Singapore, taipei, and kuala lumpur just starting up. We are looking at asia extending the global rally that started on friday. This follows the massive session into europe, carried into the middle east. Oil had a decent bid just coming off that. Raising oil for asia. Were looking at substantial downside for three Health Care Providers. The government is saying they are aware there is sick growing list there is a growing of Health Care Providers looking to jack operates. Over in japan, let me show you what is happening, 1. 2 . The yen is getting whipsawed today. We are closer to 104. One specific group of stocks, have rallied quite sharply in the past few weeks. A lot of this comes down to what has been happening in the bond markets. You have these yields on the longer end of the curve now back to the highest level since march. The two year is not budging. It is
Under scrutiny as china clamps down on unusual movements in the markets. Let us know what you think of our stories. Follow me on twitter at rishaadtv and include trendingbusiness. Downome sales in australia 9. 7 . His is a volatile number lets find out. That number quite a big drop after an 8. 2 gain in june. Trying to see if there is reaction from the aussie dollar. It has fallen further than where it was. It was down. 25 percent, now off by. 3 . Weakness about the u. S. Dollar strength following those hawkish comments from janet yellen over the weekend . The chance of a rate hike coming through from the fed in september . You can check out on the bloomberg. We are seeing most markets under pressure. All stray off by. 8 australia off by. 8 . It is about the strong rally coming through in the nikkei, the yen weakness and governor kurodas comments lifting the equity market. On friday, but solid buying to kickstart the trading week, a different story across asia. Have a look at the asia
A very warm welcome to countdown. I am anna edwards. Has spoken. Ed to bees she wants . Reemptive this is the breakevens in the United States. It is essentially the Inflation Expectation which is the white a fourmonth high in the United States of america. Difference between 10 year Government Bonds and treasury protected bonds. It is correlated to oil. I know it is a little lower but it is all correlated. Higher Inflation Expectations all because the oil price went above 49 for the first time in three months. They are talking about preemptive rate hikes. Focused on the link between oil and inflation. Lets throw up the risk radar and show you where we are on the oil price right now. Manus we drifted a little bit lower. The one pervasive thing in the background, the probability of a rate hike, that has gone to 67 . Keep an eye on dollaryen. Down against oil, 16 majors. The dollar is extending its longest winning streak since august. Anna once again, the fed and the expectations around th