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Minister the right to negotiate the split from the european clear resolutions the trade war union. China to braces and no clear meeting insight as well as tensions around brexit and huawei and weak for a long struggle. Manufacturing data. President trump says any trade deal will be far tougher if he this points to how risky the trade war is for global wins a second term. Economies. In japan the nikkei down started. Get slightly. We expect pmi composites today. Look at the land the yen have the dow and the nasdaq off of at 10 5. 7 coming falling more than 1 as session lows of one of 5. 74. Industrial and tech shares led declines. 105. 74. Firmly in the red, and we continue to lose ground as we see trade tensions, concerns the kospi coast lower yesterday. Over brexit as well playing to 12114,5trading at the markets. Fors p 500 losing ground the first time in four sessions. Level. Weaker than expected we also have u. S. Factory data 1211. 45. Signaling contractions for the first time in t ....
Made on thursday. Welcome to daybreak asia. Im paul allen. Im betty liu in new york. Story in thejor markets. In the very early morning, leading up to the meeting and digesting everything janet yellen was saying. He bump up in growth. This forecast and Economic Growth here. The job market is still continuing to kind of slug along percenting that three forecast for 2018. A lot of scratching the heads as well. We have strong broad jobs growth. And theres Janet Yellens legacy to think about as well. I have a wonderful piece of trivia for you here. Finalll have the lowest Unemployment Rate of any fed chair since William Martin of 1970. We can have a newfound knowledge of said history. Fed history. I found that out from someone else, by the way. Weve been trading for ....
Fed, if you will. Have got to because the Federal Reserve. This is Janet Yellens last policy decision. A wideranging set of views including those on bitcoin. A speculative situation. When it comes to Monetary Policy, three hikes expected for next year. It seems to Economic Growth, but inflation, the mark. Question we are about 30 minutes out from the open in china and in hong kong. David, a bit of a mixed picture when it comes to the equity side. We are seeing the dollar maintaining those losses. David we welcome to a substantially weaker u. S. Dollar. That actually showed up. Im going to tie it together with the aussie number you mentioned at the top of the show. Have a look at the move down in the 10 year yield in australia. Here is the pop we got 30 minutes bac ....
See. Workshop hathaway, Warren Buffett said he needs a quiet 2017. Betty it has been everything but quiet in the equity markets these days. Out, but it to close want to point to you a chart. G btv 9668, which is what we have seen for huge amounts of price swings in the equity market. If anybody doubted whether or not volatility was here to stay, just look at this chart here it it shows you the difference between the highs and lows on average on the s p fearing s p. Right, butett is 2018 is a totally different story. You just saw on the righthand side with how big those differences are in the highs and the lows. You can see that even on friday, the s p rising by 1. 6 . The dow swinging back with these huge gains 350 points. The nasdaq also rising by 2 . It will be interesting to see, with all the news coming up this week, what price action we will get starting monday in the u. S. Yvonne it seems like we bucked that trend selling on ....
Mark vassella. This is Bloomberg Markets asia. Ishaad that rally continuing we have treasuries and focus. Goldman sachs making the call about what could happen if. Ields go up to 4. 5 looking unlikely at the moment. But who knows. Jay powell, two testimonies on capitol hill. Highly cognizant of global markets. He would be aware of the significance and scrutiny over these separate days of testimony. Up fory report, setting janet yellen 2. 0. He will be want to be treading carefully given the web saw sessions we have had over the past few weeks. Over withtrong hand yesterday pushing its 50day price action on the friday session. Where watching the opening in hong kong. Got a barrage of japanese numbers coming out this week. How are we tracking so far . Sophie we have stocks across the board gaining ground at the tie ask the taiex. We are looking for yellen 2. 0 from jay powell. Hovering around 1. 07 against that backdrop. We have ....