Fed president Robert Kaplan this hour. President trump orders chinese to shutdeo app tiktok down in the u. S. Next month unless there is a deal with microsoft or another leading american company. Breaking news out of south korea. The cpi numbers for the month of july year on year, a growth of 0. 3 . This is of course after inflation remains flat for the previous month year on year. We have seen somewhat muted demand. Perhaps weighing on the month on month numbers. We are seeing inflation at zero growth. This really missing expectations that prices would rise 0. 1 if also inflation is decelerating from the previous month of june. Core cpi take out oil prices, and you get a rise of 0. 7 , in line with estimates, and slight acceleration from the previous month. We have seen brent crude prices recover somewhat from aprils slump but still down 38 year on year also. The are also expecting tokyo Inflation Numbers within the hour so take a look at what japanese futures are doing at the moment.
Oil slides into a bear market as trade tensions add to slowing demand. Brenda cost 20 since its april high. Cost 20 since its april high. Shery stocks rebounding. Treasuries paring back some of the earlier sturges we saw this week not to mention the dollar surges we saw this week, not to mention the dollar. We had brent falling more than 20 since its april the and sliding into a bear market. This despite the fact that we are seeing eight consecutive weeks of your talk piles declining u. S. Stockpiles declining. 1. 4 . Sdaq gained lets futures at the moment under a little bit of pressure, down. 1 . Lets see how things are shaping up in the asian markets as we have a few centralBank Decisions. Sophie it could be a mixed start for the asian stocks after a fiveday loss with several major market threatening to join the kospi, writing our yeartodate gains. Wiping out yeartodate gains. Check out tv stocks, jumping 1 one hour into cash trade. 10year gilts hovering around 10 . The aussie dollar
A look at these currencies, hich we appreciate the dollar, as we do have dollar weakness. Lets get to the hang seng. Its beating all the worlds major equity gauges this week barish thing. This this isnt necessarily a death ross, its a 50 day moving average, rather than the hundred day one. 200 day line but quite often does proceed market declines in the past and investors arguably may be about too optimistic next weeks meeting between xi donald trump. There could be an overreaction to the current position with that. To hang seng giving up some of the guns but not by much. Well see what happens. Ets get more on the markets right now. A good one from our global editor. Cs and policy kathleen is with us. Lets start with you. Aid is more of dove for markets to drink . I think the oomph, the push jay were seeing from powell and the fed, its running its course a bit. Know, 10year treasury yields fell to 2 and pushed below a little bit but i also noticed they are failing to hold below 2 so it
Hour. Stocks are set for a positive start after earnings reports, treasuries are falling. Chinese deflation danger growing. Softbanks vision fund set to return to profit. We are getting a slew of trade data from around the region. We see the goods trade surplus widening. We are seeing the current account surplus widening. This as we continue to watch the won as a key currency pair, sentiment has been souring. Not just south korea, always a bellwether when it comes to those first 20 days. We are expecting further weakness. The goods trade surplus is widening to 3. 985 billion, the current account number coming at 5. 8 billion. Shery take a look at how u. S. Futures are trading, we are seeing a muted picture. The s p 500 is being led higher by financials. There is a lot for markets to take in this week. We were talking about cpi numbers totaling more than 100 billion but the market has to digest. Were talking about more stability and investors are focused. Took a bit of time for digester
Tech help to drive some of the , a lot of investors will be watching inflation. It is a chart that were quite there with. The pce which is the most some of piece of data the fed watchers out there say the jay powell might indicate what the fed can tolerate inflation above 2 . And it is a position also held by the minneapolis fed president s neel kashkari. There is a collision course between what was he on the fiscal side of things as well. Address the Spending Plans from the white house. And it is increasingly likely that we will speak about it. What would that overshooting inflation. Queen of the Market Reaction was pretty positive to all the headlines today. The s p up over 1 , the dow adding on another. Nasdaq also higher by over 1 . Volume a little bit lower than what was expected. Stockith some of the big stories today. We had some big stories. Ge was one of them in at the ceo came out and said that there might be liabilities for some of the subprime that the company used to be in