Tracking brexit law after the House Speaker blocked his bid for a monday vote. Kathleen the first polls are closing this hour in the Canadian Election. Prime minister Justin Trudeau looks set to retain power but lewiss parliamentary majority. Onto the markets and australia, where they have just opened. Sophie, what is on your radar screen . Sophie building on mondays gains, up about. 1 . Aussie bond yields are set for a fifth day of gains. Holding onto a fourday advance. We have plenty of updates from australia, including from Whitehaven Coal and oil. We are watching bhp this morning. The stock gaining ground, asding 35 this morning hile arein c preparing to halt operations. He restocks set to snap a threeday job. Drop. Over in korea, we will be watching for president moon jaein to delivering his budget speech later to the National Assembly this morning. The economy comes under more pressure this morning. We have Producer Price data from south korea showing further contraction, falling
Last press conference. Even as we get the weak eurozone data and Interest Rates remain in negative territory. Nokia plunges as the tell cocuts the 2019 outlook and warns of tough competition daimler shares hit top gear thanks to strong mefrz sales the carmaker begins to double down on cost cuts. Weve got such an exciting day coming up. A lot of earnings to go to on the stoxx 600. We just got the aggregate data the pmi number has come in at 50. 2 slightly below the expectations but higher than we were back in september at 50. 1 services pmi, we have at 51. 8, just a faction below but above where we were in september the aggregate number coming in at weaker than we had. If you look at the numbers that had already come out, france pmi came in better than expected, germany weaker than expected i want to bring in a senior european economist who will be with us the next 15 minutes or so before we talk about mr. Draghi, i want to pick up on the European Data we have coming out this morning st
Softbank continues to design a plan for wework despite signs that the startup prefers jpmorgan. Afterflix shares jumping investors concerns are called about a concern back home. We are seeing u. S. Futures unchanged this is after u. S. Stocks fell in the regular session. We had tech and Energy Leading the declines on the s p 500. We also had treasury yields declining today. We have u. S. Retail Sales Numbers that came in and contracted missing expectations. Up the sentiment for potential rate cuts coming later this month from the fed. However, we did see the pressure continued to mount as we also had china saying they would retaliate if u. S. Congress is up to have legislation in hong kong. Sentiment not great across markets. We saw the u. S. Dollar taking a dip. Lets take a look at asia. More of the same with sentiment taking a hit. Take a look at how futures are setting up and asia. We are seeing a mildly positive start when it comes to trading in some parts of asia. We have japanese
Have room to run we debate that but first i. C. E. Is that the Federal Reserve is that what its feeling right now . Under pressure it should be under pressure no its not it will come. Between the ecb relaunching open and monetary easing and the president tweets urging the bone heads of the fed to cut rates, does the fed have no choice but to move in that direction, guy. I hope thats not the case. I hope they back in october Jerome Powell when he first started in job he said we are going to do whats right for the United States and for the economy. And i really felt he was on the right track. He was going to raise rates in a systematic way and reduce the Balance Sheet. That was the right thing to do in my opinion. I still think that he did a complete 180. Are they under pressure to do this we talked about it tweeted about it, hottest number in 11 years i dont understand why with inflation rising without question, and with the greatest economy in the history of the republic the president
Steve mnuchin says the u. S. And china have made significant progress ahead of new trade talks next month. Iran will also be eight on the agenda. Be on the agenda. And the alibaba cofounder steps down. Kathleen lets take a quick look at how u. S. Stocks ended the session. Lets go write down because the Dow Jones Industrial average up about. 1 . Health care stocks helped boost it. Closed minutely lower. It got within one point 6 of its alltime high. Despite the trade war a lot of people are still buying stocks. Nasdaq down about. 2 . Stock futures pointing higher. Moodys got fords credit rating. We will hear more on that is that progresses. Now i want to get right to sophie to find out how things are shaping up for asian markets. Sophie early in the session and looks like rick sentiment may be stabilizing. Stocks could be heading for a mixed start. Bonds under pressure tracking the overnight moves we saw in treasury. Kiwi 10 year. We are seeing that move lower with yields moving for bas