And kevin worsht leading the fed but critics say he would be too hawkish. Reporter a little bit of a mix between gossip and news. Ok. As i mentioned, you know, the market here, the equity market were open but the bond markets were closed. I want to pull up a chart and kick us off. It shows you despite the rally that weve seen in stocks in asia as seen as the mici asia pacific index, its still the cheapest in 15 years when compared to the s p. This is represented by the white line. Despite the rally in asia and the rally here and in the u. S. , in fact, asia is just getting cheaper an cheaper. And thats got more investors saying im going to buy into the asia pacific market. Yvonne seems like weve got the global gross optimism especially in japan. Ell see what happens with japan after correia. Were down by the. 10 of 1 for the index 50 following what we saw, the downside with some of the major indexes. Holding on to the fourmonth load as we wait for Coalition Talks after the election. Fu
Day. Julie hyman has the latest. Julie stocks are fielding on some fluctuation earlier, a little more of a positive by. Even though the jobs number was weaker than estimated economists are saying it was a solid report. We had a day losing streak going into today, so looking at breaking that streak which is the longest since october 2008, stocks are still on pace for their second weekly drop and perhaps the worst since september 9. The groups on the move, health care. After Bloomberg News reported the Justice Department was planning to file charges at the end of the year alleging price collusion. Health care down sing up, up bouncing up. Lagging our Consumer Staples and real estate. In the wake of the jobs report, wanted to look at the 10year note. That has been seeing some fluctuation but right now, 1. 78 , down three basis point in the 10 year as we see some buying in the wake of the jobs report. There has also been a lot of interesting action in oil this morning. Oil earlier was fall
Corporate tax rate. It is an effort to keep businesses investing. Osborne said he expects the results of the Eu Referendum and want to mitigate the Economic Impact of brexit. C and China Investment securities are in talks of a possible merger. The firms have around 20 billion of assets. Has declined to comment. There is no response from cis. Global news 24 hours a day, lets take a check in on the markets, starting with european stocks. We can see how they are performing. Of steam. St a bit i want to get the ftse 100 up. It is close to entering able market. It is up 19 from a february low. Commodity producers are the best performers on the stoxx 600. Heading lower. Italian banks in particular being driven down to record lows amid concerns they will be under pressure to raise capital. Take a look at what is happening in commodity markets. Forer topped 21 an ounce the first time in two years. Gold is rising. Seeing Brent Holding above 50 a barrel. Anding an eye on sterling dollar yen. See
Sailing into stormy waters. More territorial tension between hanoi and beijing as china launches naval drills. Sovereignty their is being violated. You can follow me on twitter. Dont forget to include the hashtag trending business. China and hong kong markets get underway in 30 minutes time. Singapore, taiwan, and my later have come online. Lets go to david. David we are looking at declines in the early hours of asian trade. It is hard to not figure out what the next catalyst will be that drives equity to the upside. Volume is dry. The u. S. Was closed overnight. The jobs data is coming out. Equity markets, which have enjoyed a fiveday run are having a bit of a blowback right now. The rba trade numbers and retail sales are due out in 30 minute time. Asia looks like this. Down. 33 . These are the mining stocks. Going the opposite way for obvious reading is obvious reasons. Have a look at silver. Have a look at gold. Platinum also. Silver touch 21 yesterday and this is where we are havin
Happy independence day. Lets get the first word news. In fact, before do that, lets see if we forgot breaking news for you. Ppi numbers coming through from the eurozone. 0. 6 increase compared to an estimate of 0. 3 , stronger than had been expected and the drop year on year less than anticipated. A stronger inflation picture. Now, lets get the bloomberg first word news. Nejra u. K. Chancellor of the exchequer George Osborne has set a goal of lowering the the Corporate Tax rate to 15 . He accepts the result of the e. U. Referendum and wants to mitigate the Economic Impact of brexit. U. K. Construction unexpectedly contracted at the fastest pace since 2009 in june. Thepmi slid to 46 as impending vote on Britains European Union membership stymied residential voting. Standard poors estimate a 0. 8 hit to eurozone gdp in 2017 and 2018 in the wake of the u. K. Brexit vote. It also predicts that britain will barely escaped a fully fledged recession as it sees a 1 drag on gdp next year. This