Shery hello and welcome to daybreak asia coming down to asias major market opens. Haidi australia open for trade. Israel and hamas trade lame after a deadly explosion at a gaza hospital. President bidens summit is canceled. Asian stocks are set for mild gains and traders are awaiting thirdquarter gdp and monthly activity read nvidia warns of tighter u. S. Restrictions on ship sales to china. Lets get you to the start of trading in australia as sydney trade comes online. Again of 4 10 of 1 , particularly watching some of these minerals names. The haven deal to buy coal from mines operated by bhp, two names to watch as they come online. Modest upside in the first few minutes of trading. Watching the aussie dollar which saw a bump up when it comes to hawkish buyers. The low tolerance, inflation returning to targets. Michelle bullock speaking at a panel saying the Housing Market has surprised her amid the Inflation Expectations that the Global Economic paradigm that has not changed since t
Trade. They simply Steven Mnuchin said the u. S. Deserves the right to be protectionist. Haidi i am haidi lun. This is daybreak australia. We are moments away from the opening of the first major markets. Etty i am betty liu we are looking at how all the action on wall street will play into the asiapacific trading day, kind of a whimper in how we ended trade on friday. Retail Sales Numbers we are looking at friday morning coming in and missing estimates for the most part, so we will get more data this week that will include numbers on the Housing Market that will lead to more clues whether or not the big consumer demand we have seen in the u. S. Driving the u. S. Markets, whether that is peering out or not. On friday we close down, the dow was down 20 points, the s p lower. The nasdaq composite pretty much unchanged on friday. Sort of a mixed, mixed session. U. S. Is in, and the this relentless phase of being range bound. Againatility, falling heard the 90, 93 lows. Is ifa, the big agen
We saw it declined last month as well. So all of this boost from por parttime jobs. Participation rate increasing to 64. 5 . The aussie dollar climbing and climbing fast. ,aidi it does beg the question these structural changes, the gig economy, the decline in fulltime. , the Interest Rate probabilities, if you look at december, expectations of a cup from the rba just over 12 , but the rba isy, still stuck between a rock and the hard place. I am glad i am not on the board. It is a difficult tightrope to walk for the rba. This is something they always talk about this in the statement and minutes, weak labor growth. That is one theme that is remaining consistent throughout, the casuals station casualization of the workforce as those parttime numbers keep going up and up and up. Shanghai and hong kong open, lets get to sophie kamaruddin, the aussie dollar and its move as well. Sophie chinese stocks adding to that picture, the shanghai composite extending wednesdays drop, down. 1 , headed f
The leaders of asias two biggest economies are in washington, though unlikely to meet oneonone. Obvious says his door is always open. Follow me rishaadtv and include trendingbusiness. China markets underway in 30 minutes. Quarter. Of the haidi we are ending on a strong note. The best monthly gain since 2009. Still on that extended tear from said, buildingen on 2016 highs. That sentiment seeping through to the early Asian Session. A few strong sessions of gains for south korean stocks. Singapore lower on account of the drop in oil prices, u. S. Inventory continues to build. That, some of these energy names, particularly those listed in sydney, rushing off that the klein. Origin energy, up by 5. 5 . That despite the plunge and oil. Japanese stocks seeing gains, up by. 5 for the nikkei 225, despite relative strength of the yen. The dollar continues to weekend. Take a look at the movers corporate news, banks in the spotlight as earnings come through. This is what is happening in the ta pum
Welcome to first up. We get straight to breaking news from south korea where the current account surplus widened to 10. 1 billion in march, after it recorded a surplus of 7. 51 billion, better than expected. We will check in on how korean markets reacted. To newasiapacific, zealand, that market is open and falling 1 5 of 1 . 69 u. S. Cents is the level for the u. S. Dollar. Rba decision tomorrow. Counting down to the opens in australia, japan and korea. Sydney pointing to a lower open. 76 u. S. Cents. Lets get over to japan. Checking futures trading in chicago. A big drop for futures and indicating a lower open at the start of the session. This, after it took a market holiday on friday. This is really the first chance for equity markets to react to that boj surprise decision to keep things as is. Japan yen 106. 65. Continuing to strengthen there. Lots of closed markets to tell you about today to mark labor day. China, hong kong, taiwan, singapore, thailand, malaysia and sri lanka and v