Board, again, trying to challenge the tesla hold on the market. Wm has a factory in shanghai. Lets check the markets. Risk off on the u. S. , falling 2 on wall street on the back of concerns about u. S. Jobless claims. The virus, above 4 million cases now in the United States. And as we said, concern that the economy in the u. S. Is in trouble. Screen, read on the broadly across the msci asiapacific, down. 6 . On the mainland would just talked about the proposed ipo by wm motors, small caps setting off more than 2 as we get for the end of the week. Ong kong looking attractive to investors, it seems, down. 2 percent, up despite concerns highlighted earlier. Weakened byyuan. 1 , currently around seven in terms of the offshore yuan. The aussie dollar and the japanese yen, looking at that as well, the 10year basis point, 58 for the 10 year as a result of the risk off we had at the end of the day on wall street. Chinese, 2. 91. Gold at 1. 46 in terms of the goldsilver index, and philadelphi
Japanese yen holding fairly steady. We saw that kneejerk reaction overnight and we had local immediate reporting they would exit away from negative policy settings next week the focus on those union group negotiations. Nomura saying the wage hike is likely to be around the 5. 1 range. This is the state of play so far. Yen strength, we have seen it putting pressure on japanese stocks and we saw the miners outperforming yesterday. It will be interesting to see how that sub index performs today considering we are seeing iron ore going down. Equities more broadly so far under pressure ahead of the boj meeting that concludes early next week. Lets take a look at the outlook for career, very much driven by wall street. Further weakness. It was that focus on the fed and the message or the takeaway perhaps from the ppi data, we had further data around resilience in the labor market. Perhaps the fed can afford to take its time when it comes to cutting rates as we saw moves higher for treasury yi
Major market opens. Annabelle the top stories, asian stocks face pressure after wall streets full session of declines as the longest losing run since january. Dip buyers emerging in the treasuries market. Haidi President Biden works to win the votes of union workers, promising u. S. Steel will stay americanowned and saying he may triple tariffs on chinese imports. Annabelle and investors are waiting tsm see earnings with capex outlooks to potentially extending a 340 billion stock surge. Haidi take a look at how we are setting up when it comes to the start of trading in this part of the world. We are one hour away from the start of trading in australia, japan and of course looking ahead to trading any chinese markets. Given those threats of potentially more serious tariff implications from President Biden. Take a look at futures for sydney, upside about. 3 . We are getting labor market data out a little later, expected to show employment falling in march. We had a big surge in february.
And a few good men from the battlefield to the workplace. What some on wall street are doing to train and hire our veterans. We have all that and more tonight on nightly Business Report for tuesday, november 11th. Good evening, everyone, and welcome on a quiet veterans day on wall street. The dow and s p 500 did manage to close at fresh record highs. Numbers in just a moment. Meanwhile, the days biggest Business News took place a half a world away in china. There at the apec summit in beijing, president obama found some rare Common Ground with his chinese counterpart, striking a deal to eliminate tariffs on as many as 200 Tech Products shipped between china and the u. S. Including next Generation Semiconductors made by Companies Like intel and qualcomm with tariffs as high as 25 . Mri machines made by companies such as general electric. Video game consoles, gps devices like those made by garmin and many, many more. It is a deal that some say covers a staggering 1 trillion worth of glob
Battlefield to the workplace. What some on wall street are doing to train and hire our veterans. We have all that and more tonight on nightly Business Report for tuesday, november 11th. Good evening, everyone, and welcome on a quiet veterans day on wall street. The dow and s p 500 did manage to close at fresh record highs. Numbers in just a moment. Meanwhile, the days biggest Business News took place a half a world away in china. There at the apec summit in beijing, president obama found some rare Common Ground with his chinese counterpart, striking a deal to eliminate tariffs on as many as 200 Tech Products shipped between china and the u. S. Including next Generation Semiconductors made by Companies Like intel and qualcomm with tariffs as high as 25 . Mri machines made by companies such as general electric. Video game consoles, gps devices like those made by garmin and many, many more. It is a deal that some say covers a staggering 1 trillion worth of global trade and signifies Real