Indonesia rattles the nickel market. We will bring you Investor Insights from the top analyst in sydney. Markets gaining ground for the past six sessions. Lets turn to sophie. Green shoots for aussie shares after the best winning streak since may. This after Growth Stocks led gains on monday. We are seeing the backup and aussie yields, with the rise across the curve. The rba governor will give a speech today ahead of the policy decision. Ahead of fed and boj decisions,. He yen on the back foot flat, seeing futures waiting for signals from governor kuroda. A sense of overheating for japanese stocks, earnings making that trickier. We just got word on earnings, from thoseumbers reporting. , a fifth of firms will deliver the report cards ahead of the deadline by the end of the month. Lets head to new york for first word news. Thanks. Boris johnson will try tuesday to give parliament to allow an early election, after failing on monday to get the majority needed to push it through. He says h
This hour. Yousef first, european governments this week agreed to assemble a Naval Mission to provide safe passage for ships through the persian gulf. That is after iran seized a British Oil Tanker in the region. The act was condemned by the the u. K. Foreign secretary jeremy hunt, but defended by his iranian counterpart. Under international law, iran had no right to obstruct the ships passage, let alone bored her. Board her. It was an act of state piracy which the house will have no hesitation in condemning. Even more worryingly, this incident was a flagrant breach of the principle of free navigation on which the Global Trading system and World Economy the u. K. Ship had turned off it signaling for more than the time that it was allowed to do so. It was passing through the wrong channels, endangering the safety and security of shipping and navigation in the strait of hormuz, for which we are responsible. Yousef we have more with our executive editor for the middle east. Reporter we do
Good morning and welcome to daybreak australia. We counting down to asias major market opens. David im david in hong kong. Stoxx are set to face headwinds, futures are pointing lower amid the u. S. Holiday. Rba decision today, the bank is expecting to hold its key rate. Its governor phil lowes final meeting. On the housing crisis threatening to engulf surviving developers with about two thirds of the 15 major private builders in default. Breaking, alan joyces is stepping down early as qantas ceo after a bad few weeks for the company. Public anger over a series of scandals. We will get to that story later in the show. In the meantime, breaking news out of south korea, all start with gdp numbers, its not important. Whats inflation are the whats important on the Inflation Numbers. Gdp,. 9 . Just this than it takes you to. 6 . That is the gdp story in line with estimates. What is coming in hot right now is the inflation print which looks absolutely nasty on face value. Up 1 on month on mon
Boeing credited a South Carolina worker who saw something they felt was wrong on the Production Line and came forward and reported it. Cutting corners at work is something that many of us may have been guilty of at various times in our lives. But given the frequency with which Quality Control issues keep coming up at boeing, the airline has a long way to go to regain the trust of the flying public, its customers, the airlines, as well as lawmakers. You can find more of our coverage and analysis of boeing on the bbc website, bbc. Com news. Over the past few months, as israels war in gaza has intensified, weve seen consumers boycotting brands with perceived links to israel. Major Fast Food Chains like mcdonalds and kfc have been on the receiving end of these boycotts, with the most pronounced impact felt in the middle east, where a number of mcdonalds more recently, protestors at universities across the us have called for divestment from companies linked to israel, like google, microsoft
Is Bloomberg Markets asia. It was a day for the record books. We have been constantly saying records for higher and higher. Pullback thathe everyone has been inspected but this is due to the aggressiveness. This is second only to the selloff of the top Credit Rating. This is the severity of the cell up when it comes to what we saw after brexit. It is worse than what we saw after china devalued its currency unexpectedly. David you hit the now on the head. We are not used to seeing days like this. Ground, thek at the we had consistent declines of over 1 , were looking that in the asiapacific. Look at the boards here. It took place in august of 2015. That is when china devalued its counties. These things dont happen to often. Is this a bear market . No it is not, it is a healthy correction. Do those conditions involved . Were watching the long end of the year curve. Watch what we are seeing across the measure of volatility. A lot of people were talking about but not a lot of people were p