Supporting their economies and also containing debt and asset prices. If you look at what is happening in australia moving further into the rest of the year, maybe more, and the other side of that same coin is you have home prices. In sydney, something they have not seen in at least a decade. Another good example of that is to take it take a look at what is happening in south korea. A surplus, but it is not being driven by exports the way it should be. That is the main engine for growth. Trying to support that part of the economy and balancing fairly high household debt. And looking at taiwan, the biggest mover so far in asia this multiyear bull run. And we pushed past 10,000 at one point this year, under increasing threat. We are approaching the 8500 level at this point. The previous low was back in october of last year. Below that, we are headed to about 7900. I will leave it there for now. Back to you. Rishaad well, we had david alluding to china, and the Manufacturing Survey showin
Policymakers say they want to stab the stock market route. We are seeing optimism, shares shipping on the prospective deals in the space. Well get you more details on that as we receive them. Region, i doubt day across South East Asia is on holiday today. They celebrate the 50th anniversary, and we wish them well in the lion city. Malaysia, some challenging times. Selloffl risk showing a , Foreign Investors get on the market. Keep an eye on the market. Vietnam giving us a little reason to be optimistic, and the philippines, Philippine Airlines is a key member, as it executes its turnaround. Rishaad thank you. Policymakers to boost stimulus after that weekend ada. Ande than expected demand Stephen Engles with me now. How bad . There was a lot of euphoria in the first half with the stock market bubble. Asking thewas continuing weakening of demand. Imports were bad, exports were bad. Cpi is pretty tepid. Ppi, the biggest decline since october 2009. These are wholesale prices. Ppilast infl
Center right now. Were starting to see more evidence of stimulation coming in. M a speculation. You are beginning to roll some of the Biggest Companies together in china. That is an effort. Yes. Exports as well. Still the best today rally in a month for the shanghai composite. You dont need shippers in the way that you once did. Maybe they need some help. This is the mna story of the morning. A story of the morning. Greases the story im really interested in. We all know what is happening with greece. Today he could see a deal. At last. We need to deal them by august 20 been that big ecb payment comes through. Another payment and another deadline. There is speculation that government will accelerate growth around state owned companies. Give us the rundown. We are seeing the shanghai composite higher. The rest of asia not looking so good. It is an interesting divergent. Quitembers were discouraging. Some market seeing some turnaround now. Japan of about 3 10 of 1 . Beenig story that has
Agree on a plan as well . Greece. Is there for lets have a look at the euro. We are basically trading flat. Expectations were 225,000 jobs to be added. 200 15,000 jobs being added to the u. S. Economy. You are seeing the dollar trade flat today. I want to show you the Market Reaction on friday when we did see that sudden spike higher when we saw that number come in ahead of 200 thousand. Lets have a look at the commodity trade. The china effect. We are seeing copper pretty much flat. Not much of a selloff. We saw moves in the aussie dollar and the kiwi. When it comes to the recourses, pretty flat. Copper, resilient, moving that little bit higher. Lets look at what is happening in turkey. We are talking about geopolitical risks, tragic bombings in istanbul. We did see a move in the turkish lira. This is currently flat at the moment. The market taking it in stride. We have not seen turkish stocks react that wildly. Oil trading lower once again. More u. S. Rigs being added. Still, the sup
Text a record move in terms of the yuan. The dollar peg has been there for some time. You can see that clearly in the chart. Usingre going to start the market as a mechanism. It is going to be interesting because it will have a big affect. You mentioned the story against the dollar with the euro, with the yen. It is going to be interesting. How does the fed react to that . Reservewill become a currency. Google is front and center. Becoming a Holding Company. Only if you are a stockholder. This is still google. Also in the car area and the future of heating. You made a good point. In some ways Berkshire Hathaway is becoming google. This chinaabout story a bit more. Lets talk about what the mere the Market Reaction may be. Hong kong and find out what is going on here. Take a look at these markets. It is a significant announcement bythe chinese, downgrading the most in two decades. You will see limited moves in terms of market moving to the upside. The dollar you on, there you have it. Ch