Honor to cross the line. And goodbye g20 and time for summer davos. We are live at the World Economic forum at this hour. Shery lets get you started with a quick check of the markets. U. S. Futures rallying about 1 at the moment, this, after the s p 500 saw its best month since january. We have optimism over potential easing trade tensions between china and the u. S. , not to mention the huge photo op President Trump got at the dmz meeting with kim jongun. Take a look at asian futures. We are continuing to see a risk on moves ahead of trading. If we can switch up the boards, futures, nikkei futures up 1. 5 as we get the japanese yen weakening for a fourth consecutive session. Great asets not doing we get risk on sentiment. As korea starts trading on socalled peace dogs as we saw that unprecedented meeting at the dmz. Hyundai engineering and other stocks like korea gas and so forth. Also keep an eye on chipmakers, especially samsung, as we saw President Trump giving some relief to huawe
Market. Feeling some tailwinds out of we did not go into this week with a worstcase scenario. The u. S. Government will remain open. We did avert a shut down. Getting initial reaction. Nasdaq futures pushing close to 1 higher. Rishaad dell futures are down. Yvonne there was no a whole lot of banks leading up to it. The market recruit reprieve may not last too long. Youre still talking about higher rates. Rishaad we had first threemonth quarterly loss for the s and p. You have a lot to be playing. We have the 10 year auction coming up in 10 days time. There is a feeling you could see yields going up. Also got a lot of movement for the yuan. Offshore. While the cat as a way the mice can play. No cny to act. A lot of dollar swings. Yvonne the longest break of the year. Rishaad it is a dollar story anyway. Yvonne you take a look at where people are positioning, are things looking when it comes to hedge funds . David we did see that longs pickup second or straight week on the greenback. The
Paul hello and welcome to daybreak asia. We are coming down to asias market opens. Shery asian stocks are poised for a week open with Interest Rate risk overshadowing the deal to avert the u. S. Shutdown. Mixed messages on factory activity. Data picking up for the first time. Plus fords ceo blasts thuw demands for future battery plants with expanded strikes into their third week. Paul lets look at markets around the region. Trade in australia, we moved to weekend the assets is trading. We may see soft volume t because it is a bit of a strange day. Outh wales here, much of the country is trading, the ai sex is trading but we have action at the moment. The bon side is quiet. We do course have a reserve bank meeting rro with Michelle Bullock having hr first meeting in charge as governor. We seem Consumer Prices taking up inustralia, adding some weight to the idea that the rba ma have one more move left in the. The inflatiead later on. Aussie dol is 64. 31. Elsewhere have nikfutures lookin
It is 9 00 in hong kong. Foroin, a watershed moment this crypto currency. Futures trading in chicago over the last hour so, and a little bit of volatility when it comes cboe website crashing. This is a pretty significant milestone in terms of this currency or commodity to get mainstream appeal and credibility. We will talk about that later on. We are looking at Central Banks this week. It is a big week when it comes to policy. 15 Central Banks globally, including the fed. Wirp onp the the bloomberg. This is likely to be the third and last of Janet Yellens rate hikes as she exits this role. Dotquestion is whether the is likely to change given a new fed chair. We are 30 minutes away from the open in china and hong kong. David is looking at the markets for us. Im looking at this note saying strap in. We are getting ready for the steepest rate hikes in 11 years. Haidi that is what they are saying. David the bond markets are saying the complete opposite. Has threefor rate hikes on top of de
Waste of time and he is going to do what must be done. And even though some of the major markets are closed, investors are going to keep eyes on simmering tensions in north korea. We are going to get the Hong Kong Survey for the Fourth Quarter out of japan. Theyll get a glimpse of how businesses are feeling about the economy. You were just mentioning the top of the headline about shinzo abe and his prospect. Represented by the blue line here. That certainly has benefited exporters. Recentlyn see, as of we have seen that. With thehat has to do Dollar Strength we have been witnessing. We are going to look at how businesses field. Sincest monthly gain february. Losing a it of speed wrapping up the Fourth Quarter on friday area we see record profits from japan. Here is how we are faring so far in asia. Not a whole lot of action with markets in new zealand kicking things off. Down a fifth of 1 . Strength easing on this monday. We are seeing up a fifth of 1 . Looking for a slight improvement