Is theail sales number only surprise i suppose. Juliette that is quite interesting given this had been this consumer driven recovery and the positive numbers we have seen and domestic travel. Gold is a miss. Still seeing the incredible strength coming through in offshore youuan. Onhave been seeing a risk momentum coming through in equities across the region. Signing havinghe a positive boost to markets. We are seeing momentum on the asiapacific index. It is going to close at a record high. When we look specifically at Chinese Markets themselves, we did have the csi 300 already near the fiveyear high. The csi 300 a little weaker, down by a 10th of 1 . Korean airlines coming out and saying they are going to to buy. 8 trillion yuan an airline. Raising 2. 5ng to be trillion. That is a bit of corporate breaking news. Lets get over to julia. She is at jp morgan. Thank you for joining us. What was your main takeaway . Controls glance have been maintained. Still looks like their recovery is pr
We have had six weeks of gains free u. S. And european equities. The longest run of gains like that in two years. The s p 500 hit another record on friday and we look to be on the front foot albeit in a muted fashion today. The seven that cut to day reverse repo rate in china which made the list in particular chinese equities. The 10 year yield dropping last week. We slid down from ed handel we had on november 7 and now back up basis point. What it will take to take us back up to 2 . A crucial few weeks ahead as weve had some positive news on andu. S. China trade talks Boris Johnson said all conservative candidates will back his brexit deal if he wins the december 12 election. Of course his party leading in the polls the moment. Coming up we will speak to u. K. Labour party leader Jeremy Corbyn. Dont miss out at 1 00 p. M. U. K. Time. We begin with evaluation target for aramco with saudi arabia to add as low as 1. 6 trillion per thats well below the much touted 2 trillion. It would all
Increasingly concerned. It is the economy. Jay powell fed chief jay powell holds where facetoface talks with President Trump. Warnings from within the fed. Rosengren eric morning policymakers against putting financial policy at risk. We will hear exclusively from him. And now, back to sophie for a look at australian markets. Higher. 6 200 is opening a2 milk leading the pack. Aining 17 after reporting better margin outlook. Checking in on the aussie dollar. Ahead of the rba. Still clearly and a focus for the currency. 1 ancks are adding on hour into cash trade. Futures Holding Steady in chicago. Lets see how we are sitting up in hong kong. Hans sang futures are under pressure after the rebound. Speculation that chinese funds are providing support for the market. Even so, there is some investor caution given they are rethinking their positions with the increasing violence in hong kong. We did have the hans sang in the hong kong index regain their 50 day moving averages. Lets jump to the
Shoot another protester. Turned negative. Saudi aramcos ipo inspectors as oil demand could top out in 2035. The document leaves a lot of questions unanswered. Spains socialists falls short. Sanchez election backfires. Less than a halfhour until the start of the european trading day. Lets have a look at whats going on in the markets, futures in particular. Spain, also the latest in the uptick in violence in hong kong. We will get to the markets to show you what impact that is having. It is having an impact in europe as well. We see expectations coming down for the start of the european trading day. Futures suggest weakness at the start of the trading day. Last week was marked by optimism building around what could be achieved from trade talks. Optimism had to be dismissed by friday, didnt it . We saw President Trump weighing in on where we had got to, or not, on tariffs and rollbacks. That is part of the narrative we are dealing with this week once again. Lets have a look at what is goi
Manus it is all about the oil markets down here. We have had cracking conversations. They reckon it will be tough for the market to get above 64 a barrel. It is great to be back with you. On that trade discussion we are taking a look at the optimism around trade, catching a bid for safe havens as well as the reemergence of geopolitical risk with tensions rising in hong kong and the shooting of a protester. Manus we will get into the be hardoves, going to to get above 64. You have got the daily percentages of trade, aramco discovered more barrels and opecs outlook is not that great. You have got a couple of things we should keep an eye on. Gold, treasuries most important markets indicators. The worst week in three years last week. Slightly better this morning. Are thet positions highest since june this year. A little bit of a shift. People are worried about the rhetoric from donald trump. We have had the weakest shorts piling into the bonds but is it the right moment to do it . Nejra we