Boris johnson sparked outrage. News out ofing south korea. We are getting the jobless rate falling to 3. 2 percent. The expectation was that the jobless rate would come in at 4. 2 percent so this is much better than expected. We are also talking about the sixth straight month of decline in jobless rates. That 270 4000ring jobs were removed in august from a year earlier. We know that south korea has seen its government really boost those job creation efforts not to mention we could have seen domestic demand being held by the Summer Holiday season and more jobs being available. The government pushing for a fourth extra budget. This is of course helping workers and businesses who lost income due to the latest restrictions and jobless rates. 3. 2 . In for august at watch out for what happens later in the following months given we have seen this flare up in virus cases towards the end of august, haiti. Haidi. Haidi pretty dire numbers coming out and we continue to watch what happens when it
Isolation deepens. The white house says qatar should do more to tackle terror. Strengtheningmies , factory prices rising, so where is the inflation . Getting back to one of our top treasuries somehow chinese officials are getting back into the treasury market after the last couple of months. The previous eight months, they have reduced treasury holdings. Lets have a look at what is been going on since 2010, the buying program when it comes to the treasury market, and looking at this chart 9172. There we go. We have this move back up. Well, it has driven those yields further down when it comes to the u. S. Market, so sustaining the rally for the time being. Haidi thats right. Is that going to drive that you lower . We had that 10 year the lowest since just before the u. S. Elections last year, so we will talk about that a little bit more, a briefer spite when it comes to chinas buying interest. The other data point is this check of the australian economy, First Quarter gdp numbers at th
President en and the may be on different paths next year. We have world coverage here on daybreak asia. We will be live in San Francisco later on to talk about the latest person to leave uber. Betty we are counting down to james comeys testimony, the former fbi director. We will have an update shortly. This is daybreak asia, live from bloombergs u. S. And asia headquarters. I am betty liu here in new york where it is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. I am yvonne man. Super thursdarsday is here. Not sure how i will keep up between the ecb conference, james comey testimony, and the u. K. Election. What you watching out for the most . Betty it has got to be comey. Saying yesterday, must see tv. I think the entire country will be glued one of the most anticipated hearings in decades on capitol hill. The markets did rebounded today. Not a lot, but we did see banking shares helping lead the index is higher. That writtene testimony from james comey, n
America. Takata shares collapsing after the daily limit was removed. Rishaad toshiba falling at its own hurdle, unable to finalize the sale of the chip unit right todays deadline. Onare keeping an eye toshiba, looking ahead to reaction out of janet yellen what she has been saying and marriage draghi and that is how it is buying out when it comes to equities. Looking at the markets themselves and etfs, i want to pull up a chart, 445, and this is the growth we have seen in the demand for these etfs, and now on pace to hit a record of 300 billion, topping 2015 and 2016 combined, growth driven by foreign buyers piling into these funds during the first half of seeking out u. S. Stocks in this rising Interest Rate environment, all of this down to Goldman Sachs and saying it is only the second time during the past eight quarters that Foreign Investors have been net buyers of u. S. Equities. There you go. All of this very interesting as we have had a slew of Central Banks be that take away fro
Hello from sydney where it is past 8 00 a. M. We are two hours away from the open of asias first major market, reacting with the remarkable developments in the French Elections. Betty that is right, setting up the Runoff Election in a few weeks. It is just after 6 00 p. M. In new york. We will be looking at how all the action on wall street is going to play into the asiapacific trading day. The top story today, we mentioned and time zero, immigrant Leader Marine Le Pen is against the untested Emmanuel Macron for the presidency of france. Earning20 with macron 22 . Withois fillon came third another up forth. The markets, quite a dramatic day. Gaininghere was lots of out of different scenarios, what would be worst to the market, manageable. How would you describe this result . I would say it is manageable for the market, especially the reaction from the euro, reaching a fivemonth high against the u. S. Dollar. Remember results are still being counted, so we could see Emmanuel Macron taki