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sailing into stormy waters. more territorial tension between hanoi and beijing as china launches naval drills. sovereignty their is being violated. you can follow me on twitter. don t forget to include the hashtag trending business. china and hong kong markets get underway in 30 minutes time. singapore, taiwan, and my later have come online. let s go to david. david: we are looking at declines in the early hours of asian trade. it is hard to not figure out what the next catalyst will be that drives equity to the upside. volume is dry. the u.s. was closed overnight. the jobs data is coming out. equity markets, which have enjoyed a five-day run are having a bit of a blowback right now. the rba trade numbers and retail sales are due out in 30 minute time. asia looks like this. down .33%. these are the mining stocks. going the opposite way for obvious reading is obvious reasons. have a look at silver. have a look at gold. platinum also. silver touch $21 yesterday and th ....
bloomberg exclusive, three hours to set you up, but first, a look at the markets. yields moving higher from here. mark: let s get you up to speed. futures on the front foot at the moment, firmer on the s&p 500 after yesterday s all-time high. look at the moves in japan. the nikkei up by two point five percentage points and it is a two-day rally up over six fourth percentage points. more stimulus potentially from the japanese government. the nikkei rallied and the yen declined. weaker japanese yen and the dollar yen trading with a 103 handle an approaching one of four. cable rates gaining as well. the pound doing very well. it is a firmer story for risk assets, but this is what i find the most interesting. we talked about highly correlated markets, equity markets at record highs and bond yields at record lows. today is different. equities on the front, bond on the back, little defensive. yields going much higher. 30 year yields up seven basis points. yesterday, there was ....
street and beyond. calls for a truce and china s ridesharing wars. do let us know what you think of our top stories. follow me on twitter @rishaadtv, and include #trendingbusiness. open of the session and hong kong and shanghai in 30 minutes. and feel thelook puls of investor sentiment. david: what we have seen since brexit his investors are shrugging off any reason to begin selling. ,hat is the main story expectations that the japan will move on fiscal stimulants, new zealand will cut next month, a the rbnz willt move. japan getting a decent bid after the yen back above 107, gold on the way down. safe haven assets being set aside at the moment. weakness across these two markets opening up. kong, chances are that this becomes the next member of the bull market. it is a 20% threshold. that is your trough right there. something to keep in mind as we make our way throughout the trading day. the biggest story across markets is this. obviously it has died down a little bit. ....
the philippines are a little nder pressure. alaysiania down .4%. we re we have seen substantial increases. $130 billion u.s. dollars. earmark story today. chances are this will be making stories in the next few hours. hang seng. as long as we close at or around or above these levels, we will be entering a bull market for hong kong for the hang seng index. we erased the losses for the year. t is up .5%. 107.22. ese yen, back six weeks to the start of retrieved all of he strength. last thing before i go, i max china. we have to mention that shares re up today. the good earnings, numbers they reported, doesn t mean they have taken it away from future growth. it is good now. good in the future. expansion in the first six months of this year. imax china up 8% here in hong kong. rish? rishaad: thanks for that. what is the time at the moment in cleveland, ohio, it is two minutes past 10 on wednesday evening. donald trump of course the ficial nominee now for the r.n.c. to r ....
opens up for the afternoon time.minutes there.arta, up 2% i think that mark is pacing the region. happening.ly team, but sing the survey actually beat estimates. let s bring in our china correspondent. he has the story out of us.jing for us,t do the numbers tell the official numbers? there is a divergent, but the survey came in at 49.9 for july. a forecast of 50. that s the first sub 50 reading we ve had since february. of course, it casts doubt on the durability of the economic stabilization that we ve seen in china over the few months. it suggests that the debt fuel growth rebound may be losing steam. we dig into the numbers, there are some interesting details that stand out like down.rders were output was down. employment edged up, and we have seen the employment slightly lower in the last few months. trend has been to cap or cut wages. there is also interesting ivergence as well between large enterprises, so often state owned enterprises that firmly in an expanse- ....