And, political scandals hitting korea. Just under 30 minutes to go before we get underway here in hong kong. Them markets. No trading in taiwan, we normally would have at the start of the session because it is the lunar nor year new year. The nasdaq, hitting the record highs. Regionrong start to the with stocks extending the global rally overnight. Over 1 with copper, aluminum and iron ore jumping there. It is green across asia, looking at this thing equity markets here. The nikkei up 1 here with a weaker yen. For, stellar numbers december. This is the picture. I want to mention quickly today. , falling. 6 one of the worst performers so far. Looking at what is going on with the cost, given that gdp figures , despite the economy growing at the slowest rate in over a year. Up a quarter of a percent, giving the rising the hp, and the like. A look at the aussie dollar. We did get australias fourthquarter inflation coming in lower than forecasted. After the announcement, we did get a drop.
We are 30 minutes away from the open in china and hong kong. A down market at the start of this trading week. A lot of event risks on the horizon. We hear from President Trump in of first joint Session Congress speech. We are seeing a stronger yen, weighing down the japanese markets. Lets get straight to Sophie Kamaruddin at the market board for the latest. Asian i down monday for stocks after a weekly gain of. 5 . A lot of event risks on the horizon given trump and yellen due to speak. Gdp datahe lookout for from india, australia, china pmi , Housing Starts and capital spending. Inanese shares focused today. , so setei 225 down. 9 for a fourth day of declines. Some equity movers in focus, toshiba falling 3 , the day to day swings as speculation around its chip unit sale. Friday, it announced it may consider selling a majority stake in its chip unit to a thirdparty, but chipmakers also in the red. In korea, the kospi in the red. Deepening losses. Dram chip price growth has slowed in fe
Questions about the future are growing. Right, 7 00 a. M. In riyadh. I am yousef gamal eldin. Yvonne i am yvonne man in hong kong. Markets, a word of caution before donald trump takes to congress this week. If we dont hear any concrete details on fiscal spending coming out of the trump administration, markets could be right for a correction. There is plenty going on, as always. Thehighlight has been market jumping 18 in the first day of trade. This is part of vision 2030 and the kingdom, pushing ahead with a series of reforms and want to make Foreign Investors part of the story. You are looking at 4 foreign investor participation in the tadawul. Open it up further, and that is that latest in reforms. In my conversations with ceos, they were telling me that this is great news, but the reality is that performance of a lot of these companies will be closely tied to sentiment, and specifically how oil prices trade, and that will not go away anytime soon. The other big thing is the story ar
Unlikely to go ahead after a new regulatory hurdle. Constance goes to washington. Dimension mexican central with rnor will meet we will speak to the global head of em. Less than half an hour away of the european open. Take a look at what futures are doing. We are seeing gains across the board. Theftse and the cac strongest right now. I wanted to look at bonds. Twoyearyearold twoyear yield. Look at this, record low on the german twoyear yield. Today a little bit higher. Here you see another record reached for negative rates in germany. Let me pick on a couple of points. First point, the british pound is down. Bothvernight story affecting sterling. That is and is shooting barometer as well. But taken out a little bit as well. Back to the bond market. That was mentioning what is going on with the german front end of the curve. Upnce and germany tightening. As he can see, we are tightening up. Mr. Ct that is down hael has better pulling better pulling numbers. Lets get an update on what is
Rashaad the scandal that threatens the president has exposed to koreas cozy links with power. We are live in seoul. Investors counting down to crucial payroll numbers which could trigger a rate hike. Given a the u. K. Is brexit warning, it could take 15 years to clinch a trade deal with europe. The Trump Administration is told china is not to blame for years of lost american job. Clearly we are watching very closely those developments in deou seoul. Remember this protest we had that led to calls for the president to be impeached. Haidi we are seeing stocks around the region holding up pretty well. Goldman sachs saying the korean won has been the bestperforming currency up 5. 5 year to date but given that we have busy domestic if the Impeachment Vote is upheld and that means an election within xp days time, further uncertainty. Economic issues and Political Tensions as well with the north. Aheadof challenges regardless of what that outcome is today. Rashaad absolutely. Canill be learnin