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Postdivorceier says trade talks are underway, and the u. K. Much must offer more. We have breaking news in south korea. It was a data dump morning. The surplus widening. Year on year, 6 billion. Industrial output rising 2. 7 . This is also for the month of august. That is well above what economists had estimated at a gain of 1. 3 . The number to really watch is the factory output, the industrial output, 2. 7 . We did see a revision and inkage or decline, 0. 2 down 0. 2 in prior months. A lot of the focus is on how these numbers have been changing with the geopolitical tensions in north korea. Is that going to dampen consumer demands and outlook for south korea . Yvonne mark yvonne it is interesting, month on month numbers in industrial production, i saw weakness in the month of august, less than expected at 0. 4 . We saw that survey this morning, looking less positive when it comes to manufacturing, as well as the export growth manufacturing. Export growth, we saw 31 jump from a year a ....
The labor market remains strong. Teen the debt came can still getting kicked down the road and continues. Haidi toshiba agrees to sell its units to the bank consortium. A little while ago, we had an absolute welter of japanese data. It was good in parts. One of the ones that was anodyne with Household Spending. Went it is really showing is how japans households, perhaps the increase in august, 6 10 of 1 was pretty much expected reversing a slight decline in july. Positive signals. Auto sales rebounding. We have risk ahead. A slight pickup in inflation and against the backdrop of a central bank that would mark progress on reflation. Low unemployment. Key. S the wages are still growing, but spending is only just starting to get hired. That is something shinzo abe before an increase in the consumption tax and a couple of years. Haidi thats right. We are wondering, we saw the setback that resulted from the last tax hike. We have b ....
To that vote. They have turn into small losses for the industrials. Down ten points. Nasdaq holding ton a very slim gain of about 4 at 4847 and the nasdaq is higher by 1. 6 . Lets kick it off with the first of those bs and that is the brexit vote countdown. We are just 12 hours, 59 minutes, 11 seconds away from the vote opening up in the uk. The polls do seem to show rather even split for stay or go. Perhaps the market and the wisdom of crowds is selling more of a stay story. The uk stock market having a great run lately. We pointed it out yesterday. Were up again today. Four days in a row of gains for the uk. The banks doing especially well. Barclays, for example, up 10 over the past week. Some of the other ones, lloyd banking group, prudential have also done very well. Lets look at the british pound. Its been on fire lately. In fact, a few days ago the pound had one of the best days in a decade. As you might imagine, were going to have lots more coverage of this brexit vote you might ....
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