The highest ranking executive to leave amidst the 737 max crashes. China isreport saying planning to replace embattled chief executive carrie lam. Australian markets back online. Thats turn to sophie for what to watch and markets. Little australian stocks changed after a twoday gain. Plenty of corporate updates. A potential earnings downgrade looming. They maintained their fiscal guidance in the face of two reports from short seller J Capital Research. On itsnstruments slumped weaker than expected forecast, warning that customers are more cautious in cutting orders. It is back online after the enthronement ceremony. Stocks falling 1. 7 and wellington, led lower by power providers. Rio tinto reviewing options for its aluminum smelter i. The deficit narrowed more than forecast. A quick check on bonds this morning, aussie and he read 10year notes reversing course after a fiveday decline. Treasury futures slightly higher after cash treasuries rallied overnight on brexit uncertainty, which
The indonesian president speaks exclusively to bloomberg saying no one wins in a trade war, and he is refusing to take sides. Later, tesla says delivery records still fall short of elon musks target. For now, lets get you a quick check of the markets. We are seeing u. S. Futures higher by. 1 , but this after major indices lost more than one point 5 . The s p 500 fell the most since august 23. Remember, august 23rd was when President Trump announced those two sets of tariffs on chinese goods. Every sector on the s p 500 was in the red, and energy and financials led the decline. We had the 10year yield also falling for a fifth consecutive session and pulling out a route holding at around 1. 6 . Right now, the Dollar Holding Steady as of course, we are awaiting that Service Sector numbers out of the u. S. In tomorrows session, this coming on the back of another disappointing set of numbers when it came to private payrolls. That number for august being revised down, so business is really m
Standing declines. Airbus orders takeoff leaving boeing by 30 billion to zero. The ceo. Kathleen lets take a quick look at how the u. S. Stocks ended the session. Modest gains. Modest gains better than none at all as trade wars tensions swirl. Across the board for the dow jones industrial, s p 500 up fractionally. 22 points on the dow. Three points on the s p 500. It was the nasdaq that had the best performance, up 6 10 of 1 . It was based largely on the faang stocks. In particular, facebook saying it is getting ready to unveil a cryptocurrency. Investors like that. The s p futures are indicating positive ground to be taken. However not as much as i was an hour ago. As for treasuries, interesting Economic News showing more signs that a trade war is have an impact. Treasuries ended at 2. 09 on the 10 year. Close to the 2 yield. One from the National Association of homebuilders saying it looks like tariffs are weighing on the prices of building materials. We also saw a Manufacturing Inde
There are a lot of Different Things and the messaging we get in the presser later this afternoon is it a one and done scenario or changing of the back and setting a new course for the direction of rates . The strength of the wage negotiation has been heralded by the government and economists and caught a lot of people by surprise and the question is if it trickles down to the Smaller Enterprises but today this is what we see the japanese yen Holding Steady and we expect it to stay like that ahead of the boj decision but equities a notch under pressure so far, they were benefiting from a weaker yen and we will see if that trend continues but lots of different areas and parts of the market that could benefit from the policy shift, banks, brokerages, smallcap stocks some of the things we are tracking here. Korea is coming online. The focus a bit of weakness coming through but we will be tracking tech stocks because we had tech news overnight, tesla saying they will raise the prices of som
Really something that has been weighing on equities over the course of this week. We saw it heating japan stocks broadly but tech feeling the brunt of it. Today we are actually moving a little high. It is a reflection of the other theme we are tracking today. The u. S. Inflation print a little hotter than expected but not too hot to really shock markets. We saw stocks on wall street climbing to fresh records. So that is positivity coming into the session. But as we said, a lot of unions in japan will be reporting on wage or pay deals this week, and wednesday will be the heaviest day or amongst the heaviest day for announcements before we get that first tally being reached and reported on on friday. Lets shift into korea now and take a look at what is going on in the session so far. Of course a market heavily correlated within the dynamics of wall street. Unsurprisingly you are seeing stocks moving to the upside. Tech names are the ones to be watching because we saw the likes of nvidia,