Awaiting the inauguration, strong data from china amid joe bidens pandemic a plan. Beijingwashington tensions rise over will have virus claims and relations with taiwan. We are joined by the former australian Prime Minister kevin rudd. And the road ahead for samsung. A Corruption Case has shed new light on big business in south korea. Haidi first lets take a look at how asian markets are faring with the city moment taking place now. Sophie the start of trade, asx 200 higher. Real production update. Bingo industries in view jumping 20 , rising to a fresh record this after a kalama it made a bid for the Waste Management company, valuing the company at 1. 8 billion. In australia earnings are picking up. Morgans down late cycle is underway forecasting 20 Profit Growth over the next 12 months for aussie companies. Four japan outlook is up for japanese earnings after a positive start to the season. Nomura sang upward revisions continue to dominate despite the sluggish economy which we heard
For 100 million vaccines in 100 days. He warned the u. S. Fatality may top half a million in the next month. U. S. Banks enjoyed surging business last year, but the results are not reflected in staff payouts. Compensation is in the slow lan e. Sydney coming online. Lets get straight to Market Action with sophie kamaruddin. Sophie a week that saw fresh records for asian stocks. A muted start to trade in sydney with the asx 200 open with little change, to the downside. We digest the flash of pmi readings from australia. Kiwi stocks gaining nearly 2 this friday. The kiwi dollar holding above 72 as we digest the latest inflation data which meetings the case for the rbnz to maintain its cash rate for longer. The boj keeping its options open in japan. Nikkei futures in chicago opening slightly to the upside, in the green as we wait on inflation data. The pmi update as well. Muted moves in the Asian Session after the tech led rally on wall street. Apple rising to a fresh record. Tsmc took a h
Dollar remains on the downside. 10 year yields again, the possibility of 50 year treasuries wedding the appetite of wall Street Investors whetting the appetite of wall Street Investors. If we do get the stimulus, it means people would return to work early, which means they would start using gasoline earlier as well. A downside for bitcoin. No particular reason for that one. Lets kick it out to what else is going on. Haslinda four years of trump coming to an end. The trump admin attrition fired a parting shot administration fired a parting shot at beijing. Six terry of state mike pompeo denouncing chinas crackdown on uighurs as genocide, escalating tensions ahead of joe bidens inauguration. Bruce, now outgoing secretary of state pompeo says china is engaging in genocide, what does bidens team do . Bruce we know bidens team supports this idea. In a statement in august, the vice [indiscernible] genocide, he used that word and said biden stands against it in the stockist terms. In his conf
Germany extending covid restrictions until february 14. 6 00 a. M. In london, 10 a. M. In dubai, 1 00 a. M. In the capital of the United States of america. The Biden Administration will come on Inauguration Day. Joe biden. At matthews cathedral for a Prayer Service, cleared not that the nations second catholic president takes the power. The question is the hopes can biden emulate. Good morning. Annmarie good morning. Yeah, he invited Mitch Mcconnell to join him on that side of unity is what he wants to express today as he begins his administration as the 46th president. He will be sworn in around noon eastern. He will give his full address to the nation, his first address as president. The ceremony begins at 11 00 eastern. Like all life these days, the pomp and circumstance goes virtual this year. Before he goes over to the white house, and we do think he will sign a number of executive orders on day one, he is going to the tomb of the unknown soldier. He will be joined by the bush fam
Dollar is steady in early trading. Anchor a data dump from beijing with retail sales showing the strength of chinas post virus recovery. Unprecedented security in washington ahead of joe bidens inauguration as he prepares immediate executive action on the pandemic and the economy. Anchor 2 we kick off this monday session and asia. In asia. Sophie we are seeing kiwi stocks edge higher. After global stocks declined on friday. We expect chinas Economic Data activity this week. The pboc may ease the liquidity support that has been in place. I had of that, it had been hovering at 6. 48. There could be a slight discount suggesting a bullish tendency. The dollar is seeing some stability. The greenback did cap its first backtoback gain since september. And Fund Managers 36 of them are still favoring the weaker dollar trade. And about one third of the respondents say it is still too early to call where when the dollar decline may occur. We are going to wait to see as the Biden Administration ca