And paying the price, documents seen by bloomberg say Facebooks Libra crypto is already under scrutiny in the eu. Lets get a quick check of the tuesday session in the u. S. , risk off day with stocks ands and yields slumping. Every sector in the red in the s p 500. Financials and materials leading the declines. We continue to see investors prematch focus on what has come out of the jackson hole gathering. Meantime, the dow losing 100 summary three points while men nasdaq was down 7 10 of 1 . We also have a big week for u. S. Retail earnings, a bit of eye divergent picture with cold disappointing but home depot homes disappointment but depot rallying. Risk off sentiment for the day, u. S. Futures unchanged for the moment, but lets see how we are shaping up in asia. Futures are nudging lower, the asia stocks could have fresh lows this week if the momentum keeps up. We have a more soft ego data today that could put on the pressure. We have stocks on 20 date exports, down every month so fa
Strength of the ways negotiations and the data reported on friday. That there is the expectation it will be hiking the key rate, the exit away from negative policy settings. What does it mean for purchase of etfs, that will be another question out of that session or out of that meeting, but here is the outlook we have in the session so far today. Japanese yen holding steady, but still weak around the 149 marker , and equities, you are continuing to see this place higher even though the definition boj has been something that has propelled japanese stocks. There are a lot in the market saying there are plenty of other factors and that is why investors were continue pilot into the market. Nikkei225 just one fraction under the 39,000 mark. Number economics, one of the economist highlighting perhaps the boj is not ready to like can they want to see more data to affirm their belief that we are starting to see strength in the japanese economy. Lets take a quick look at how korea is starting t
But today, we see how metas outlook drag markets into negative territory after disappointing markets. But we have that outlier in hong kong where they hang seng, as you know, has been among the top performers globally this week, and hang seng tech is actually pulling ahead as well, but we are seeing a lot of concern for the japanese currencies, so lets take a closer look at what we are seeing on dollaryen. It has breached the 155 level. Take a look at how it has gone past remember when 152 seemed to be the line in the sand. We have gone way past that now. This is the weakest level we have seen dollaragain since june 1990. Then it was just a matter of a couple of days before it moved past to 160. The finance minister speaking in Parliament Saying they are watching very closely, but they cannot say much for now. What . Because we have the boj decision that is due tomorrow. Its not expected to change anything on rates, but given how weak japanese currency has been, it might send some hawk
From hong kong, on the chinese mainland, lies a city at the heart of the countrys technological revolution. Welcome back to shenzhen. This is where stuff gets made. When you think of chinas electronic scene, this might be what you think of. More than 70 of the worlds mobile phones are manufactured in china. But all that industry is taking its toll on the city. As the buildings go up to accommodate the influx of businesses, the smog has come down to remind everyone of the price you pay for a rapidly expanding industrial economy. The middle class here is also consuming more power, as well as demanding Something Else good quality home grown products. And Chinese Brands are rising to the challenge, with names like zte, xiaomi and huawei even breaking out of china and becoming recognised and desired worldwide. One such brand is oneplus. Now, despite only being four years old, its already turned out a number of phones that have been compared favourably to the top end samsungs and iphones and
Million for the first time. In sport, the man who took wales to the semi finals of the euros has stepped down. Chris coleman has gone to manage the championships bottom side, sunderland. And philip has the weather. Good morning. A bit of everything in the weekends forecast. The bulk of the weekends forecast. The bulk of the sunshine in northern parts for saturday and more cloud in southern areas. All the details in a few minutes. Good morning. First, our main story air accident investigators are trying to work out what caused a plane and a helicopter to collide over buckinghamshire yesterday, killing four people. Teams will continue scouring the area around the National Trusts waddesdon estate, near aylesbury, for wreckage. Ian palmer reports. Beneath the canopy of autumn colour belies the wreckage of two light aircraft. This is the tale of the cessna plane. Nearby lies its wing and a little further away in a clearing are the remains of what is believed to be the helicopter. Two people