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Policies, and employment at a 14 year low. Macau finally bouncing back from chinas crackdown on corruption and excess. Rishaad beijing is to relax the rules on foreign carmakers. Local,something fairly the diversions between u. S. Rates and hong kong rates. 8081,ring up this chart the cap the highest since 2008, a widening gap, putting pressure on the hong kong dollar, and as result this is what we have going back a year and a half. Band and dont forget the 7. 757. 85, weakening here as we have pressure coming rate not being passed bor not reflected. Haidi it always reacts on any move out of the fed, but relief rallyreall turning into this global reflationary rally. We are waiting on the tax plan from President Trump, giving optimism to u. S. Markets, close to record highs overnight, trickling through when it comes to Risk Appetite in asia. 30 minutes away from that crucial o ....
Pick amid tensions. Rishaad there we go. Talking about apple. Nasdaq,ows how the which hit another record high has been powered up by apple to some extent. You can see that with apple included in nasdaqs total , but if you growth remove apple, just shy of 160 . Important apple is as a retains its status as the worlds most valuable company. You have been taking a look at the yen, i believe. Haidi thats right. The two stories, apple and the , not much in terms of reaction on the equitys story. Equity story. Japanese markets not getting a chance to react to this yen weakness. , technicalsat this when it comes to where they again is at now, still above that 112 level. The dollar is at a shortterm peak. We do have a call from rbc saying it should be easy to get but japanese markets are off until monday, some not getting a chance to get the boost from a weaker yen. We are 30 minutes away from the open. Singapore, taiwan, and malaysia rey. Ing the trading fo sophie not much in the way of dire ....
Foundations for a new eastwest trade route. Rishaad the weekend hackers may strike again on monday. At apples market capitalization in excess of 800 billion. If you add them up, you have a 8527,d capitalization, we are at roughly 3 trillion. Quite something. That is what we have at the moment. Some people saying these five have too much clout when it comes to soft power and real power with the amount of data they have at their disposal. The tech names pushing higher with the rest of the market treading water. On the asian agenda, some china expected, retail sales come Industrial Production, some of that expected to have ease, particularly industrial activity , painting the picture q1 was week. I want to touch on the credit data over the weekend and on friday. , credit expansion continues to push forward despite the Deleveraging Campaign from beijing that has sha ....
Solid progress, janet yellen saying growth may have a higher rates, regardless of president trumps policies. Lets get underway, midweek session. When it comes to markets this week, we have shanghai, kuala lumpur starting off their session. A lot of things to discuss, david . David a lot of data coming through. But there was an underlying theme. We had testimony from janet yellen. It is all very positive. A bit more hawkish than expectations. This feeds into the narrative that the Global Economy is doing rough. The data that is come through, quite solid. We talked about china a lot. 144. 19 is the regional benchmark. 114. 3,dle to pass is that takes you back 2014. You have japan all day yesterday, the dollaryen pushing higher. Australia, you have the banks and minor stocks on the way up. Taiwan, a quick mention of that market. They have been up for five or six straight days. , a place ofollar concern for policymakers. The gdp will ....
What,d right, just gone i am Rishaad Salamat in hong kong. Haidi i am haidi lun in sydney. We are setting up for a muted start to the trading week. Japanese trade members worse exports at least disappointing, dragging down the nikkei. We look ahead to the china open, contract showing a negative open as well. Rishaad indeed, the lack of momentum after a lot of momentum, perhaps this so called reflation trade losing steam. , a fairly muted session on wall street on friday. That wait and see approach on investor minds. 30 minutes away from the start of the session in hong kong. Singapore, taipei, kl coming online. Here is sophie. Sophie we are anticipating a subdued trading day in asia. The bright spot taiwan, new zealand, and singapore. Straight times marginally higher ahead of that budget update today. By. 3 ,ei 225 lower falling for a Third Straight day following trade numbe ....