Foot, but they have pulled off session highs, even ahead of those big tech earnings out of china. Keeping an eye on what were seeing on asia fx, the threat of tariffs on china, along with potentially higher inflation. Not a good makes for asian currencies. In japanese bonds, the seller from yesterday continues, we had the boj reducing purchases in the five to 10eurozone, now strategists say it would not be surprising if it does the same in the three to fiveeuro zone, the twoyear is hitting the highest since 2009, the 10year since 2012. Lets take a closer look at chinese tackett, Tencent Music beat on earnings, that is explaining some of the surge, but optimism is well on what were seeing potentially on their earnings scorecard from tencent and alibaba. To help justify these lofty valuations. Flip the board again. Lets look at how tencents stock price has been faring since midjanuary bottom. Despite that rebound, were seeing the consensus price target has not budged much. It is lower th
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
They tried to settle claims of thousands of former employees saying they were cheated of severance payments. The Billionaire Elon Musk laid them off after acquiring the social media platform last year. That is news coming through from x, or twitter, whatever you like to call it. That just breaking on the bloomberg terminal. Having a look at markets in play, just checking in with what we have, it is a day where we are seeing mixed fortunes ultimately and we have asian equities in cautious mood. We had the hang seng which started the day going great, but we have turned tail now, off by 0. 3 . The nikkei to 25 continuing its winning streak, up 1 and leading the charge across this part of the world. If you look in the column, we are seeing treasury yields layout as well and making themselves felt in this part of the world. We have got the sale of securities taking place from the bank of japan, and this is all taking place as we do sees elation mounting that the boj meeting is set to normal
Hello again the top stories on al jazeera spain has warned it will suspend catalonia is autonomy if the regions leader doesnt abandon his secession bid within the next hour catalan president s car last puja ma has until eight hundred hours g. M. T. To clarify his position on whether the region will declare independence after this months controversial referendum there is growing pressure on me in march to stop the violence again throw hinge on muslims u. S. Secretary of state Rex Tillerson says the u. S. Holds me in mars military leadership accountable for whats happening and were trying states the u. N. Human rights chief is threatening to seek the Security Councils intervention. With a week to go until the president ial Election Rerun Kenyas Electoral Commission has admitted it counts guarantee a free and fair vote president s overall kenyatta insists the new poll will go ahead despite the commission claiming its operations have been compromised the Opposition Leader has refused to pa
Coming up in the next sixty minutes the uns human rights she says crimes are being committed against the ranger and those responsible must be punished. As kenyan official flees the country in fear of her life and the man in charge of next weeks Election Rerun admits it may not be free and fair. The pressure mounts on catalonians leaders as a deadline to give up their secession bid is just hours away. And very nice conversation with the woman with the wife who sounded like a lovely woman. President trump embroiled in another riled this time of the his words to the widow of a soldier killed in asia. From human Rights Groups to the un to washington d. C. There is growing pressure mounting on me in ma to stop the violence against the range of people with an increasing number of lawmakers now demanding action u. S. Secretary of state Rex Tillerson says his country holds me in miles military leadership accountable for whats happening in iraq kind state and in its latest report Amnesty Intern