The world trade coming to an end. We have seen bond yields climb up. Have seen the u. S. 10 year moving out of the haven currencies and haven bonds. The yen seeing more weakness if you can call it suffering. That, bund futures seeing those yields go up as we see prices get sold off. Lets have a look at the first word news. Lets get to new york. We start with the reserve bank of australia. It is maintaining its glass thefull view, reiterating economy is emerging from a soft patch while also forecasting no acceleration in wage growth and inflation barely reach the bottom of its target. Growth oferly updated 2 , rising to 2. 75 by the end of 2020 and 3 in the year after. Embrace of virtual banks is going beyond its own shores. It says it wants to become a regional hub with advanced data expertise. Doing soauthority says will improve banking authorities at home. Managing director robbie menon says Southeast Asia presents a huge opportunity for virtual banks. We see some of these players be
Family. Haidi it is very much in focus today after the pboc removed a pillar of support for the currency. Dropping from the daily session. The currency lower on tuesday. Tom, it is not been in place very long. Why have they chosen to remove year, since may of last that is the first element from the mix. It is dollar weakness. Many say it is a line in the sand. They say they oppose the controls. There is a growing confidence now in terms of policymakers here in terms of the trajectory of the one. Comfortable enough to relinquish elements of control. Thats what they have seen. Charthave a terminal showing the placement of this back in may. N strengthen. Ua that is when you saw the dollar ticking up. Versus the u. S. Dollar. We should expect now a little bit more volatility around theyuan now. Is how question really much forward this leads up in terms of a greater market role for the currency. They could widen the trading band. Right now they are allowed to move up 2 or down 2 . They coul
Dollar, wees to the are watching for trade out of china this morning. It could come out this afternoon. We will be counting down to that. You have the currency, trade. Trade has been good. It the the currency has been strong. Chart 6568. There you have the onshore rate, blue. In there we go with this uptick. Unexpected growth this year are setting the weakness because of this pullback. Borrowing costs have been on the out across different cities, local governments in china. We have the fix in 17 minutes. Hopefully we will get the latest trade numbers out of china. Markets are set to open in less than 30 minutes. We are looking at what, sophie . Barrage aspare for a we have dollar weakness to contend with. Take a look at the bond market. Bonds rowling, korean bonds catching a bid has the five year yield dropped. We have stocks lower. The kospi sinking for a fourth day. A mixed bag when it comes to equity markets. Check out the currency space. The hong kong dollar surging the most since
That has carried over. Julie that has happened in the wake of north korea comments from President Trump. Lower, and the selling continues into today. It is the worst twoday drop, going back to early july. Nevertheless, we have not seen downward movement of any real substance over the past month or so, so seeing some selling going on today. The selling is also being contributed to by weaker than estimated earnings, which we will get to in a moment. If you look at the size of the moves, we are seeing smaller ones. We have been showing a number of different charts today to illustrate this. Last time there was at least a 1 gain at the close was back in april. Last time we saw at least a 1 decline at the close was in may. It has been a while since we have had big up or down moves, at least by the close. Volatilityk continues, and we are seeing big declines on the earnings front. Priceline down the most in the s p 500, off by 8 after the Online Travel giant came out with a forecast for the t
That has carried over. Julie that has happened in the wake of north korea comments from President Trump. Lower, and the selling continues into today. It is the worst twoday drop, going back to early july. Nevertheless, we have not seen downward movement of any real substance over the past month or so, so seeing some selling going on today. The selling is also being contributed to by weaker than estimated earnings, which we will get to in a moment. If you look at the size of the moves, we are seeing smaller ones. We have been showing a number of different charts today to illustrate this. Last time there was at least a 1 gain at the close was back in april. Last time we saw at least a 1 decline at the close was in may. It has been a while since we have had big up or down moves, at least by the close. Volatilityk continues, and we are seeing big declines on the earnings front. Priceline down the most in the s p 500, off by 8 after the Online Travel giant came out with a forecast for the t