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Copper, all getting caught up in this risk off seer. Time for Global Exchange where we bring you market moving news. From hong kong is reporter ian marlowe. From london is emma chandra. From new york and miami. Over the weekend, you had protests continuing in hong kong. However, china is seeing some positive signs the hong kong and Macau Affairs said a consensus has emerged to put an end to violence and chaos. Positive changes are emerging in hong kong, most importantly, putting an end to violence and chaos has well as restoring the order has become the strongest and broodest consensus of the hong kong society. Alix we welcome marlowe ian. Is that true or is that violence a reality . Yeah, i think its a bit of both. The violence over the weekend is certainly something that transfixed the city. You had a huge roadblock that was set on fire throwing molotov cocktails. And monda ....
Moving averages. This months worst performer on the dow. Plus activism in the restaurant sector. Outback steakhouses Parent Company down sharply. Lets begin with the markets extending this weeks losses, not a lot going right, and today, mike, a lot of it surrounds china and worries about not just growth but the debt burden as well. You wouldnt say its a new factor bits been on the list o worries. You have one of these situations where once you have this pretty sharp break in momentum to the upside, several weeks ago, some breakdowns in the longer term trend, some concerns about, you know, valuation that were always there that are being exacerbated and why has the yield become unanchored, treasury yields, and even global yields . All that stuff in the mix and then you have the related concern of, oh, what might what stress points might we see emerge out of that . All thats in the mix. I do think, also, yesterday, with the yields ma ....
For boj officials given you have the week yen that could be adding to the inflation story but still they are not likely to hike at this point. Weekends supports the exporters and today weak yen supports the exporters. And we saw sharp losses in the tech sector. Lets look at korea at the start here because we see it moving a little higher, trade data dropping, first 20 days of april numbers for trade and exports rising 11 for the year, positive for korea and a barometer for global trade as it could play into the story korean won has been against the backdrop very much of king dollars so just recapping the trade numbers for the first 20 days of april, exports up for the year and imports gaining as well and we have as i said again the first 20 days of april so a reversal from a contraction the month prior. Paul australia has just opened for trade and it is a stagnant open but we see modest again modest gains. A theme we saw towards the end of last week even though losses on asx gold stock ....
A smart new home could be introduced to this month. We have world coverage on daybreak asia, we will go to beijing for the Morgan Stanley china summit. Towill speak exclusively chairman and ceo gorman. Trick does apple have up its sleeve with this new home device . We will have details. This is daybreak asia, from bloombergs asian and american headquarters. Yvonne it is just after 7 00 a. M. Here in hong kong. Cpi breaking news from on the money. 2 for the month of may. A slight take up for the month of april. Core cpi is one to watch. We have been hovering around that 2 level for much of this year. The core cpi, which excludes oil and agriculture coming in at 1. 4 . A little more tame it. You have to factor in the low base effect, low Oil Prices Last year. Prices should stay up for some time. On the domestic side, demand is subdued. Should keep the bok on course to be accom ....
S p 500 and the nasdaq climbed. What do you do . Ill tell you what you do. You own it buy buy buy before i get started explaining why i like this market, let me say that i pay very close attention. We got some real eye popping numbers from the Investors Intelligence poll. It turned out that only 35 of the wires are bullish. Lowest level since february. 24 are bearish. A sixweek high and the rest are calling for a correction. More than any time in the last eight months. These numbers should make you stop think and. Wow are things really that bad . I mean, is the situation really as frightening as february when the Global Economy took a nasty spill with Many Companies on the verge of bankruptcy that had nothing to do with oil and gas . The oil and gas patch just ravaged . Are things truly as terrible as eight month ....