Effect. Is still flat,n and we are watching the korean won, seeing some slight weakness this money. Indonesia is coming on the line at the moment. Chinese stock continues to extend these gains, after the reopening of the holidays. Pointing positive as well. We are spending some Inflation Numbers coming out of india. Where watching the commodities of course. That slide in for the second day. Supply constraints are starting to ease right now. Bolivia and its biggest both owed could be at capacity. And a bit ever treat in iron ore. A bit of a retreat in iron ore. Tom there seems to be potential for the currency to resume gains. Lets discuss now with fred neumann, cohead of Economic Research at hsbc. Let us bring you an update on the nba. The l. A. Acres definitely l. A. Lakers have beat the miami heat. The l. A. Lakers have now won the chairmanship 17 times. This puts them toasted so the caltex. Season one longest record. The nba was effectively frozen out by the controversial tweet back
More Domestic Travel to a little more overseas travel now. Theaad lets get to markets and have a look at what is going on. Nikkei, in with the leading japanese shares, just seeing stocks drifting to the upside. We did see jobless numbers come out. Slightly better than expected, looking for a 3 jobless rate, but 2. 9 . Looking elsewhere, retail sales out of hong kong, looking also at the futures for the u. S. , pretty much flat. Asian equities drifting slightly to the upside. Looking at the shanghai composite, lets look at how the gpi is behaving as well. Just about flat. The shanghai comp, 0. 2 lower. Chinese Economic Activity continued to rebound. Expansion in manufacturing activity, just slowing slightly there. A Rate Decision out of australia later on. Expecting the rba to keep rates. And the singapore market 0. 6 lower. Quick check on the currency is, weve got a fifth straight monthly drop for the dollar. Bloomberg dollar index down by 0. 25 . The yen, a tad weaker. Euro currently
Wave. S fears of a second the u. S. Seeing 16,000 cases a day. Hong kong in the third wave right now. All youll futures elevated. You are seeing a risk off move today. Focus on the chinese story. We are seeing a down day even when it comes to chinese stocks. We will see how this plays out. Lower by 6 10 of 1 for the shanghai composite. Asia had their best Weekly Performance in five years. The csi 300 large caps, ada percent of the index has been overbought. Thats the highest on record. We are seeing profittaking here today. Shenzhen, more of that robustness. The most overbought on record. That is still going higher by 1 today. It seems like the bond market is at mercy with this rally as well. Bonds at 306 right now. Yields falling. Bnp paribas saying that 10 year yield could rise to 3. 4 . We are watching other markets as well. Hong kong is a focus today. We saw a Record Number of local virus cases, the most since the pandemic began. They tightened distancing rose again. 150 points low
Security deal with the tripoli based government. Hello im Maryam Namazie in london with the top stories from europe including u. S. President donald trump approve sanctions on Companies Involved in the north stream to gas pipeline in a move that threatens relations between washington. And the scar of bethlehem the mysterious street artist banksy unveils a dark nativity scene in the occupied west bank. Fee for Club World Cup finals kicked off in doha. Turkey on flamingo with both teams trying to win the trophy for the 1st time. Now nationwide protests over a new citizenship are emerging as the biggest domestic challenge yet to indian Prime Minister. Opponents say the law discriminates by excluding muslims while letting minorities from 3 neighboring countries become citizens at least 23 people have now been killed and more than 1500 arrested since the unrest began last week now some of the most violent scenes have been in the Northern State of georgia pradesh where 15 people have died ju
Being unhappy with policy. The drum beats louder for rate cuts. And people working closely together to protect interests in the escalating trade war, we are live in bangkok. You a check oft the markets at the close. It was a turbulent day with not only iranu. S. Tensions but futures and options expiring together on quadruple witching day. There was a record intraday high only to close lower by. 1 , industrials and real estate stocks leading the declines. We have one sector gaining ground, the energy sector. The biggest winner of the session. Wti rally 10 last week on heightening middle east tensions. U. S. Futures up. 2 . Lets see how we are setting up. Sophie with the event risks sex g20, we could see asian asian stocks set for a softer open. Look at kiwi shares continuing to climb while flipping the board, checking the kiwi dollar, it is slightly higher for a succession as funds go bearish the currency ahead of the rbnz decision. The kiwi could be limited if central bank stays dovish