Smartphone sales. Details about the beijing security law. Shery this is quite a reversal from the deficit we saw in the previous month. We had seen south koreas current account falling to deficit for the first time in about one year but the numbers have recovered and we are seeing a rebound with our current account surplus topping 2 million. When it comes to goods, the trade surplus coming in at 2. 5 billion for the month of may. This is quite a recovery given that we had really fallen to the lowest level since 2008. Good trade surplus numbers. A much better than expected number out of south korea when it comes to the current account surplus and also the goods trade surplus for the month of may. Lets see how markets are trading at the moment. We are seeing now nikkei futures unchanged. Same for u. S. Futures. This after we had stocks here in new york jumping following the holiday weekend. We had seen five sessions of gains for the u. S. Now unchanged at the moment. The japanese yen Hol
Then we speak to the ceo of one of the biggest providers, csop. Haslinda lets take you to markets, where avril hong is on top of developments. Stocks and bonds getting sold off, investors adopting a wait and see attitude. There is a lot to read through today, so bear with me, as we saw that set up from wall street. It was a pretty flat close. Today asian stocks are mostly over save for japan and china. For different reasons. In china, we have seen tech and property rebounding. Property as it scraps homebuying restrictions, and the idea that other tier two cities will follow suit. Thats also boosting the commodity iron ore, those prices ticking higher. In japan, the likes of an earnings release, and we got the news about the share buyback. Those are among the individual names lifting the japanese benchmark. But were also seeing the selloff in bonds, after a 10year treasury auction, and the yields in australia, as well as new zealand, you are seeing big moves about 6, 7 basis points. Don
Tries to recover from yesterday. The premarket is up. Alcoa and pepsi on the tape. They continue to lean on short siders. The tenyear is up and crude is up and oil is back. The imf trimming the global and u. S. Forecast seeing World Economic growth of 3. 3 for the year. U. S. Growth seen as 2. 5 compared to a prior 3. 1 . Not a surprise echoing what the oed and others have done. You have Christine Lagarde telling our fed, guys think twice before you raise. You is want to remember they are a tough organization. There is a lot of feeling the imf must be a bunch of softies. They are very tough. They are very concerned. Merkel is the naernperson that can shut down greece more than Christine Lagarde. It confirms what people felt was behind the two days ago rally, the fed wont be tightening. When you dont talk about them you start getting a little emboldened. Not to say you like the setup. This market is not suitable for a lot of individual investors. I do think when you criminalize short se
Flat in the first half hour on the shanghai markets, the kospi point 6 , mixed movement in Southeast Asian equity markets. Fixave been seeing the yuan stronger again. The offshore renminbi weaker at 6. 8842, the pboc setting parity today. A little bit stronger there. Of course, the yen in focus, continuing that rebound against the dollar. The dollar index for a weekly loss. It doesnt look like it may hit oft Morgan Stanley target 116 by the weekend, so more of a resurgence in that currency. Elsewhere, yields continue to rise in australian and new zealand bonds, up nine basis points on the 10 year note, 2. 88 percent on that yield, the highest level since january, so bonds still outoffavor. Japanese 10at the year bond, some movement coming through there, just above that 0 mark, so a little bit of exhaustion today. Haidi thank you for that. The Monetary Authority of singapore is slapping financial kennedys on local Bank Branches for antiMoney Laundering breaches. Rishaad lets get over to
If overnight was any guide, it could provide a little bit of a stop here. Guess just to show you how uneventful things are, if you look at the 10year yield, 1. 5 . Little change. Not a lot. Moving sideways across. Equity space, as rishaad pointed out, is mixed. Put it together, it is as flat as you can get. Now. E at zero right regional benchmark volumes light, especially in chinese markets. Hong kong, chinese mainland, down 7 10 of 1 . In the epic space, movement. Currencies. At kiwi dollar, lower. 70 70 1 chance overnight swap. Moves to cut rate in august so that is being priced in. Have a look at the aussie dollar, 1. 2 drop. Basically, flat. Other where we have a little bit of movement strengthening here. Following the fixing from the pboc. Not the Biggest Surprise but i mentioned a strong dollar earlier, a strong dollar story overnight. Level judging7 by this move that surprised some people. Isething you want to watch how do the Central Banks and policymakers control Property Mark