Beijing. Yvonne it seems like the stress of the markets easing off a bit, which is a good sign. It is how you read the sentiment. Is it that the valuations are overstretched, uncertainty over tax reform, also, is it just the end of the year and traders are closing their books . It seems traders are using this opportunity to buy. Betty it seems to be the mantra you keep hearing these days. Adding to the media mentions of buy the dip. These markets have been going up and up it is about time for a correction. It would not be a surprise. He seems to be in that camp, once we see a correction, it is time to buy into these markets. We will see how it plays out. In the meantime, lets get to first word news with courtney collins. Bhp says litigation continues disaster, butg warns insurance will not cover the extent of its liabilities. Andrew mackenzie told investors investigations in the incident that killed people in brazil. There is a degree of urgency in withdrawing from u. S. Shale, and he
Evasion. Big numbers and equally big questions. Critics say the recordbreaking da vinci is too good to be true. Yvonne just when we thought we got over this big hurdle on tax reform in the house, clouds looming in the Trump Administration when it comes to russia. A wall street journal report just breaking special counsel Robert Muellers team last month had issued a subpoena to president Trumps Campaign requesting some of these russia related documents. We are seeing some moves in the market on the news. Betty we are. The subpoena did not compel any officials to testify before a grand jury, but it caught the campaign by surprise, and also noted that bob muellers team is expected to interview current and former white house officials, including the Communications Director hope hicks. There is certainly more to come in this story. Some of the away bullish headlines from the u. S. About tax reform. In the meantime, lets get more on that with first word news with courtney collins. Reporter t
I am paul allen in sydney. We have some breaking news right now on south korea. We are awaiting the bok decision. Industrial output for october, down 1. 1 in industrial output month on month. Year for october, down 5. 9 . Expectations were for a continued rebound in industrial output. Not great on year, so news at all for the south korean economy, industrial output had been on the rise of wing to the export of electronics and other items. Have a bit of the damper may be countering some of the opinions that the bank will raise Interest Rates this morning. We will introduce more uncertainty in that decision. Markets seem to have priced it in. We will wait and see what happens when we do get the results of the bank of korea Board Meeting later on. Running ints up and the asiapacific. Lets take a look at new zealand. Off. 3 . The kiwi dollar little changed against the greenback. Trading just getting underway and australia. Not too many stocks online at the moment. We are seeing a little bi
Ride still means it is far too early to say hello. Welcome to bloomberg daybreak asia. I have some breaking news. South korea data coming in. Gdp numbers first. The final reading of the Third Quarter readings. They have been quite bullish in the preliminary numbers driven by exports growth out of south korea. 1. 5 are the final numbers, slightly better than the preliminary figures. Also, above what the preliminary numbers werent that were reported earlier. Inflation also coming out pretty tepid. A decline of 0. 7 . A retraction. No change was expected month on month. And year on year inflation falling short of forecasts, 1. 3 . It was estimated to be 1. 8 . And core cpi year on year toling short, 1. 2 compared the estimation of 1. 7 . Happening asion is the bank of korea raises things by 25 basins basis points. Have raised said we rates but it is still very accommodative. Paul it will be interesting to see what the bank of korea goes to next especially considering the weaker than expec
Policy over jerusalem. Betty david, you have being slides in the asian market, certainly some risk off trading ,n the u. S. Based on headlines tax reform or jerusalem. Markets closed mixed. For jobs data on friday, but the s p unchanged, the dow falling 40 points, the ,asdaq managing gains of. 2 but nothing to write home about after we have seen stellar rallies in technology shares, a lot of investors wondering whether profit will continue in tech stocks. Profit will continue in tech marks. Of these benchmarks have dropped to support levels. Look at new zealand. Coming off in a today slide. Bid for the bonds here. It is snapping a threeday streak. Here we go. Asx 200, and then a move up in the aussie 10 year bond yield. Japan and south korea coming online. Futures in japan pricing in under. 5 at the open. , the dollar catching a decent did on the back of weak sterling. Bid on the back of weak sterling. Betty a story brewing all day long, eight Security Council nations demand that presi