While ago. A flat yuan on the session. Lets have a quick look at whats going on in the United States. A whipsaw of a session. S p 500 down once again. We were higher a moment ago. Down about half a percent. Chairman powell speaking at the jackson hole symposium. The 10year, not a lot of movement. There was some movement in soybeans. We had a big drop only got this china headlines to the effect that china is retaliating for u. S. Tariffs. Publishable soybeans now about three quarters of a percent lower. Crude went down we got those headlines that exporting crude will be more expensive for exporters. We are still down about 1. 9 on wti. Lets get back to fed chairman powells speech in jackson hole. Joining us is matt. I make point to President Trumps tweets for thanking the fed for doing a big nothing and saying it is unclear who the u. S. s bigger enemy is, Jerome Powell or chairman xi. Very strange tweet. Atmagine thats a topic jackson hole people are talking about. The president s infl
Election. It is know what you think of our top stories. Follow me on twitter at rishaadtv , include trendingbusiness as well. Singapore, taipei, and kuala lumpur just starting up. We are looking at asia extending the global rally that started on friday. This follows the massive session into europe, carried into the middle east. Oil had a decent bid just coming off that. Raising oil for asia. Were looking at substantial downside for three Health Care Providers. The government is saying they are aware there is sick growing list there is a growing of Health Care Providers looking to jack operates. Over in japan, let me show you what is happening, 1. 2 . The yen is getting whipsawed today. We are closer to 104. One specific group of stocks, have rallied quite sharply in the past few weeks. A lot of this comes down to what has been happening in the bond markets. You have these yields on the longer end of the curve now back to the highest level since march. The two year is not budging. It is
September. At least policy. Bitcoin inventor is backtracking. He had proof, but feels he is not Strong Enough to reveal it. He blogged, i can only say i am sorry, and goodbye. Let me know what you think. Dont forget to thank the trending business. Entering the weekend, we are looking at an eight straight day of losses for asian stocks. Japan coming online, a lot of pentup pressure and it comes to selling. Downsides across the region. John by 7 10 of 1 . Focusing. Of decline, the longest losing streak in over 30 months, i believe taiwan down to tons of 1 . Rillock off, down overall, it is a down day. , down also seeing losses by. 3 . We are hanging on to most of those gains that we have seen in the last few days. Solid dollar gains. These are the movers. Is coming out over the last few days of the number of airbag recalls in the u. S. Market. More than doubling, an additional 40 million recalls from the National Traffic safety administration. Hit aata takata did new low. The stock is do
Dollar for the First Time Ever. It is it is a morning. You need to be up to speed. Caroline hyde has your bloomberg news. chinese stocks have extended last weeks plunge after concern about the slowdown deepening. The Producer Price index slumped 5. 9 in december, sending declines to a record 46 months. The cost of borrowing the yuan has jumped by the most on record. Tightened supply of the currency following intervention by the Chinese National bank. Ubs will double its staff in china over five years. Their chief executive says that a time of volatile markets is as good a time as any for wrapping up operations. China is not on its own with those challenges. We have to expect some adjustments for 2016. Those are also good times to plan for the future. That is the reason why we are starting to implement our Strategy Plan in the next five years. We think we are going to double our account in this region. Crude has extended its slide from an 11year low, confirming the view of hedge funds t
November 2011. Hang seng down 2. 5 . The Hang Seng China Enterprises index at a fouryear low. The Australian Market down 2 . Hong kong is leading the region. Out of the 50 stocks on the hang black. Nly one is in the quite a lot of selling coming through elsewhere. Shanghai market down by 1. 3 . China railways have in the standout day, though. Lsewhere, widespread selling thailand is coming online down. Every sector is in the red. Basic materials stocks down by 2. 3 . Looking at some of the nature. Overs the weakest performers are on the h share market in hong kong. Brokerage stocks coming under pressure today. Take falls in early trade today. Developers coming under pressure, now. Yanke missing 7. 8 . Fook with disappointing sales. Tencent in hong kong, one of the worst performers. Emerging market currencies coming under pressure. The Malaysian Ringgit being sold off. If we have a quick look at the japanese yen, we are starting to because Movement Everybody is selling out of equities o