Overspeed. The communist party wants greater sustainability. The ecb hints that a more stimulus is coming as governments impose new lockdowns. Seize until the crisis dies down. Breaking news out of south korea, we are getting the september numbers for Industrial Production, a rebound of 5. 4 . This is a rebound from a can fraction in the previous period. We are seeing revisions upwards for the previous month of august. This is a huge beat of estimates. Growth, on year number, a jump of 8 , really rebounding after six months of contraction for Industrial Production. That werising given have seen export numbers rising for the first time in seven months. We have seen more positive sentiment on external demand. Now we have Industrial Production numbers in south korea beating estimates. Just had the markets open in australia. At amp, one of the first stocks trading, higher by more than 20 . This is after they confirmed they have received a conditional proposal from u. S. Based areas, not en
Record temperatures and hate waves in europe the United States and the arctic coincided with a major ice melt in greenland data from scientists at the danish me to a logical institute shows melting on almost 60 percent of greenlands ice sheet that released 197000000000 metric tons of water into the Atlantic Ocean in july we actually now see a. Signal of. Climate change Global Warming the arctic is actually warming at twice the rate of the rest of the world and now theres a very clear signal that is or may is actually driven by too much Carbon Dioxide in the atmosphere so as this year 2 increases so should temperatures around the world were going to see more of these type of heat wave. These heat wave events. Behind large wildfires since early june wildfires in the arctic pumped out more than 100000000. 00 tons of Greenhouse Gases thats equivalent to belgiums Carbon Dioxide emissions in a year climate Scientists Say there is still time to limit Global Warming to 1. 5 degrees celsius abo
Another victim. Jack mas says he cant lead his pledge from last year. Kim jongun rounded up in a summit. President trump says it is tremendous progress. Shery lets get you started and take you how markets closed on this wednesday session. We have seen u. S. Stocks higher. The dow, rising six cents 6 10 of 1 . Shares of caterpillar boosted the dow, helping it outpace its peers. Not only headlines from china and the u. S. But the ongoing nafta talks. We heard from canadas foreign that the talks will continue on thursday. We also have the s p 500 gaining 1 10 of 1 . Banking shares lifting the s p 500. We have the 10 year yield rising past 3 . That helping banks can the nasdaq finishing flat. Lets see how this will be felt in asia. We are gearing up for a fairly busy day and asia whether it is politics or ecodata in japan. Counting down to the ruling Party Election. The question is, by how much will he win and what would that mean for his policy priorities moving forward . Holdingnikkei fu
And that was a lot more than what the survey had been for a gain of 1. 2 but this is the start of trading here we have got with the broader index or the nikkei 225 that is back above the 40,000 marked them. We have been fractionally below that over the course of the week but certainly, the stock moves we are seeing here echoing the u. S. Session overnight as we did have jay powell delivering the first of his testimony but certainly indicating that the path for rate cuts is clear later this year perhaps. So that is playing into the dynamics around the dollar weakness that we have seen and the yen off that. We are fractionally below that mark. As you said, that is positioning as well that is coming into play around expectations for the boj to be exiting and something that is really going to put pressure on them perhaps as you say are the wages data we got out because we had labor cash earnings rising year on year more than the survey. Real cash earnings were still in contraction territor
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