Indonesia. They are expected to keep the key policy rate at 5 . Rishaad we got the nifty futures in india with about 43 minutes before the start of the session, off a little bit. Will we get another record high . We found ourselves in this position yesterday. The market up 1. 1 . Currently wise, flat below the 71 rupee level. Tenure yields under some pressure. We have this story from the bank of india suggesting they are comfortable with a bigger budget gap, which would mean there would be less bond issuance. 6. 71 . 10 year, we go to new york and su keenan. The house of representatives have impeached President Trump for abuse of power and obstruction of congress. He pressure ukraine to political rival, joe biden. It is only the third time in u. S. History lawmakers have invoked this constitutional sanction of the president. The impeachment will pass to the senate for a trial. A rate cut in australia are in doubt after a strong jobs report for november. The bond yield gained as inloyer
Honor to cross the line. And goodbye g20 and time for summer davos. We are live at the World Economic forum at this hour. Shery lets get you started with a quick check of the markets. U. S. Futures rallying about 1 at the moment, this, after the s p 500 saw its best month since january. We have optimism over potential easing trade tensions between china and the u. S. , not to mention the huge photo op President Trump got at the dmz meeting with kim jongun. Take a look at asian futures. We are continuing to see a risk on moves ahead of trading. If we can switch up the boards, futures, nikkei futures up 1. 5 as we get the japanese yen weakening for a fourth consecutive session. Great asets not doing we get risk on sentiment. As korea starts trading on socalled peace dogs as we saw that unprecedented meeting at the dmz. Hyundai engineering and other stocks like korea gas and so forth. Also keep an eye on chipmakers, especially samsung, as we saw President Trump giving some relief to huawe
Rishaad just looking at what is going on, you would think asian equities would be expensive relative to the u. S. They beat the s p 500. I want to bring up this chart. If anything, pricetobook ratio, and forward asiatoearnings spreads, stocks looking more attractive compared to u. S. Counterparts. Those spreads have widened to four. Nus there we have it. The rally could have legs. Fascinating its not just a more by you, but getting cheaper. Have not seen the political dysfunction in Washington Play out when it comes to the markets , and some jitters in the asian session. The last time we had a the lastt shutdown, three times, the s p 500 gained. Three, so wen day not just asian equities, but in the u. S. As well. Decisionsnk dominating the agenda, as well as u. S. Gdp. Sophie kamaruddin joining us now. Jitters. E do have asian stocks kicking off the session subdued. Japanese stocks are slipping as the boj policy decision is due tuesday. Lets check the open. We do have the taiex gaining
Tokyo olympics. Nhk worlds Tomoko Kamata explains. Reporter yuriko koike swept to victory in sundays race for tokyo governor. Her campaign promising a green and clean city seemed to resonate with a variety of voters. Translator i made my case on how i will create a tokyo where everyone can shine. Women, men, children, Senior Citizens and People Living with disabilities. I will work with you all to create a new tokyo government of which we have never seen before. Reporter koike entered politics in 1992 after working as a news anchor. Whwhen she joined the ruling liberal democratic party, she was immediately made environment minister. Koike attracted a lot of attention for a campaign aimed at fighting global warming. She called on offices to use less airconditioning during the hot summer months, and for woworkers finding it too hot, s asked them to take off their neckties. Then, koike was appointed as the countrys first female defense minister. For all of her political success, she ran i
A car safety testing scandal in Japan has raised concerns about legal compliance and corporate governance after five automakers admitted to improperly obtaining the certification needed for mass production.