You can see individual markets and you can see how we are seeing most of these north asian performers here. Hong kong is up about. 6 . We just heard from carrie lam who said the social distancing measures may be on for a while in the city. Jakarta coming on pretty strong. We are counting down to that rba Rate Decision and the budget announcement. Super tuesday in australia. We take a look at the yield curve as well. That will be the story here. A massive steepening overnight. Take a look at the two and the 10. As well as the 30 year. That yield reached the highest since june as we continue to price in this blue sweep. Powell the fed chair jay speaking later on. We will watch the aussie 10 year. 89 business points for the aussie tenure. The dollar also selling off on expectations of more fiscal stimulus. You do have the aussie as well. That has been gaining ahead of that dual announcement coming through. Heading closer to 6. 7. Haslinda we want to show off u. S. Live pictures. Mike pomp
And that was a lot more than what the survey had been for a gain of 1. 2 but this is the start of trading here we have got with the broader index or the nikkei 225 that is back above the 40,000 marked them. We have been fractionally below that over the course of the week but certainly, the stock moves we are seeing here echoing the u. S. Session overnight as we did have jay powell delivering the first of his testimony but certainly indicating that the path for rate cuts is clear later this year perhaps. So that is playing into the dynamics around the dollar weakness that we have seen and the yen off that. We are fractionally below that mark. As you said, that is positioning as well that is coming into play around expectations for the boj to be exiting and something that is really going to put pressure on them perhaps as you say are the wages data we got out because we had labor cash earnings rising year on year more than the survey. Real cash earnings were still in contraction territor
Economic data. We have the Chinese Industrial province. This dovetails into what is happening with the story in the morning and what it will mean, phenomenal gdp. Matching statistics, they are profitg in november and growth is expected to edge down to 25 year on year in october from 27. 7 in september and we have continued to eke slightly in november but lets see where we come from. We were seeing profits under some pressure. At the moment, it is that at the moment. Growth in the pipeline. Some more movement. , as those numbers are out look at what is going on elsewhere. We have markets back online today following the christmas break and taking a look at what is going on with shares in singapore. Recovering from tuesdays drop. ,hey are resuming gains marginally higher this wednesday and following the text want. That is in focus and snapping a. 1 of thep gaining open. Lets check in on the supplier in taipei. In that stock under pressure and falling for a second day. That forecast being
You cant make extortion routine as part of our democracy. Barack obama tells u. S. Republicans to stop making threats over the budget and bring an end to the government shutdown. Afghan families have had to wait decades for information on relatives who went missing under communist rule. There are signs of the west and iran are growing closer together. Its a week now until negotiations resume. There are reports that iran has put together a new package of proposals. That would mean it stops making weapons Grade Nuclear material in return for sanctions being relaxed. The British Government says its looking at reopening its embassy in tehran. Heres the reaction from the iranian capital. Translator in my opinion, its natural that there would be relations between iran and all other countries. I think its a good idea that the British Embassy reopen in iran. Having relations with any country, even if its limited, is a good idea. Anyway, International Relations are beneficial and in my view it
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