Hello. It is just past 9 00 and this is daybreak. We are one hour away from the open of asias major market. Hour, we willxt look at action on wall street playing into your trading day and get a quick look at what transpired on friday. Barely above the flat line. We will take that. You can see the nasdaq giving up a little. Five stocks top were in the negative. Look at the bloomberg terminal and i will show you consumer and this in michigan is the secondhighest with a lot of people still happy about the tax cut policies and the strong labor market. We have had one hour of we have seen the kiwidollar lose a little bit of australiah futures in looking a little bit weaker late last week and not a great deal of change. Gold and a check on consideringhich is continuing to show strength. Trading today be in china, hong kong taiwan, and vietnam. Another term was announced for the boj governor and we will discuss that outlook shortly. To singapore. Get the minister says he can continue working
Message is xi jinping trying to send and how is it being received around the world . We are seeing this risk rally play out across asia markets. Completely unsurprisingly, the intors seeing most gains australia and tokyo are energy, materials, infrastructure related stocks looking to get a from the 78t billion pledge by the chinese president in his roads initiative. We are 30 minutes away from the china. In looking at the theme today, its hard to get away from the higher bys drive, led the cohesive comments from the Oil Ministers of russia and saudi arabia and beijing yesterday, saying that they want to go another nine months when it comes to this supply cut deal that was reached. And began in january. Take a look at this chart. To the supplier that opec cant control. U. S. Inventory numbers drilling reports as well. 20172018, and 2019 Consensus Forecast as well as the number for wti is all leading to 50 a barrel. The question is whether we can put higher put higher. We are seeing risk
Google parent, out of ode, gives its forecast. Alphabet. Hideo kojima ta kes forecast. Alphabet. Hideo kojima takes us on a tour of his studio. Good morning, asia. Hello, world. Im rico hizon. Thank you for investing your time with another Asia Business report. Its a friday. We start with googles efforts to diversify away from its main Search Engine business. It is beginning to pay off. Alphabet said profits rose by 8 to over 5 billion. It was lower than we expected. I asked our reporter how the core business, google, has been performing. Google is about how many ads can be put among the search results. 36 more people are clicking on the advertisements than last year. That isa advertisements than last year. That is a good sign. More people clicking on them. But as the Company Continues to move over to the mobile world as opposed to the desktop Search Engine, it is finding advertisers are willing to pay less for those advertisements. That is happening more. The amount they want to spend
Any liquidity crunch will be temporary. Follow me on twitter. We have singapore, taipei, kuala lumpur. We have the first trading of the day and the week after a holiday yesterday. South korea. David seoul, korea, is the only market outperforming at the moment. Really, we are not feeling the love out of wall street in terms of valuations. That itpointing out might be pushing the upper limits. For the meantime, we appear to have consolidation for a few days and then tested new highs. Markets opening up right now. I expected a bigger pop in big move uper the overnight. South korea up. 4 . It was not open yesterday. After an eight day win streak, high, back to a 12 month longest win streak for south korea since 2011. Theact, south korea has most amount of inflow after taiwan. 5 billion net portfolio. Up sincebeen driven early february. Oneghai composite, perhaps of the most exciting parts of the market. Time, trading above its 200 day moving average. That seems aket little overheated have
Allowed. Welcome. I am an edwards. I am manus cranny. I am mark barton. The ceo as died in a plane crash in moscow. With three crewmembers. It struck a snowplow on the runway. We are joined by terra line corn conan. Caroline yes. He was traveling frequently to russia. Despite the russian sanctions, he was one of the Rare International to attend the forum a few months ago. With attendees near moscow and the russian government had Foreign Investment. Represent 10 uld of the value. Here is what he said in june. We prefer to continue to develop our business to build a better understanding between countries. Hours ofe been so many time to develop relationships and destroying them because aere is something with understanding that we should stop all of our relations. Year, theythis to look for deal shale in siberia. He said that, back in july, the russian sanctions would not stop him from working on the massive project with the natural gas reserves. He said that europe could not leave live wi