Three virus levels. Investors are not buying the idea that the sectors prices have finally passed. The Company Behind k pop sensation bts prepares to take the stage in seoul. Big hit hopes to be a big hit on the korean stock exchange. Paul markets are just opened here in sydney. For a look at whats going on, lets go to sophie. Sophie sydney stocks gain ground. 1 , resuming the advanced after stalling and to retreat from a march i on wednesday. We have the likes of bhp and providing a boost while banks are under pressure and focus is on the rba governors speech in which he signaled the desire for more state funding while indicating that there will be a lower for longer rate environment, likely to see further easing ports 10 basis points, also indicating there will not be rate hikes for at least three years unless there is more sustained progress on jobs and inflation. Those remarks did see pressure come through on the aussie dollar, seeing an earlier push. Flipping the board to check in
Have just voted in in centerright government. Annabelle i am Annabelle Droulers in hong kong, we are counting down to asias major market opens, in australia have just come online. Shery i am shery ahn in new york. The top stories. Asian stocks set for losses, as the prospect of a ground offensive in gaza is large of a market. The u. S. Warns iran against escalating the war between israel and hamas. Washington and its allies stepping up efforts to prevent a wider conflict. And the baited administration is set to tighten measures to curb chinas access to advanced chip tech, adding design firms to a restriction missed. Adding design firms to a restriction missed. Annabelle asx 200 had just come online. We will see how it starts to trade. Really the focus as you said in the headlines is all around the flight to safety. It started to kick off in the session on friday. The question is whether it is extending into the start of another trading week given the prospect of another ground offensiv
I am haidi stroudwatts. Annabelle i am Annabelle Droulers in hong kong. We are counting down to asias major market opens. Shery from bloomberg headquarters in new york, i am shery ahn. U. S. Warns iran against escalating the war in israel as washington and its allies step up efforts to avoid a widening conflict. 600,000 gazans have fled south ahead of an expected invasion. New zealand is set to have a new Prime Minister. Industries Government Faces an uphill battle for unity in the wreck of the field indigenous boys referendum. U. S. Futures coming online in the asian session, seeing an upside of about 0. 1 percent after u. S. Stocks were losing ground in the friday session. Markets were bracing for more geopolitical tensions in the middle east over the weekend. So we saw at bigtech selloff over the friday session. Treasuries give the ground. The 10year yield falling towards 4. 6 . That safe haven demand continuing as we brace for more volatility this week. Were also watching oil price
Enters a third day. The u. S. Is moving an Aircraft Carrier strike group closer to the region. We are watching wider diplomatic fallot as one report says iran helped hamas plan its unprecedented crossborder assault. Shery watching the wildcard in the oil markets. At the potential the conflict could spread to the rest of the middle east. Gains for oil prices on that potential up 86 per barrel for wti. Rent is past 88 per barrel after oil posted the biggest weekly drop since march. Iran is a Major Oil Producer and key backer of the hamas group. Though there is no immediate threat is applied. People are watching what will happen with the shipping on the strait of hormuz where tehran has threatened to close it in the past. I did the treasury space Higher Oil Prices could mean higher global government yields freed we saw the 10 year yield and 30 year yield at the highest levels since 2007 last week. We saw a little more stabilization through the week with cash treasuries closed monday for t
La nterns to thrown in the street. And making lanterns to welcome autumn in the festival of lights in singapore. Live from our studios in singapore and london, this is bbc world news its newsday. Glad you could join us. Its newsday. Glad you could join us. It is a seven in singapore, midnight in london and 7pm in new york where donald trump has announced new sanctions against individuals and companies that trade with north korea. North Korean Leader kim jong un has about to make President Trump pay dearly for threatening his country. Mr trump said he has signed an executive order which gives discretion to threaten banks that deal withjohn young. He has ordered banks to stop doing business with north korea. Young. He has ordered banks to stop doing business with north koream is to target any individual or entity that conducts significant trade in goods, services or technology with north korea and i am very proud to tell you, as you may have heard moments ago, Chinas Central Bank has tol