Payments to lower income households. Aid to households households with children. One year tax referral. Cuts, money handouts for businesses and households it seems like officials in tokyo are stepping up to try to support the economy as they look to implement an emergency lockdown as early as tomorrow. That is likely when it will be announced. It will be starting on april 8. We will continue to digest the details from that package. They did see a thousand cases in japan and we are waiting for more announcements from shinzo abe, planning to declare a state of emergency. We are still seeing equities heading higher. U. S. Futures falling. The press briefing from President Trump, perhaps there is light at the end of the tunnel. They are seeing some signs of stabilization when it comes to new infections. Europe is also seeing a peak in cases. Asia, we are up about 1 . It is still very much the oil story. Doubts about what a deal could look like, is the u. S. Going to be involved, is it cond
Orecast indonesia decides later thursday while the boj starts a meeting. A straily markets have just open. Sophie, what are you seeing . Markets have just opened. Saw steepening for u. S. Bonds, pushing the u. S. 10year yield to a fiveweek high, and the kiwi dollar off about. 1 , reversing the earlier spike we saw on the back of new zealand hosting a faster than forecast gdp report on a quarterly basis, which may provide relief to the rbc. Nikkei Futures Holding steady. Were expecting a mixed session in asia as we have plenty of Rate Decisions on tap from indonesia, taiwan, hong kong, along with the boj meeting under japanese as we see stocks perhaps getting a little more love from investors, but not to be loved just yet. Investor view on japan is improving slightly with net 6 of global investors. Paul thanks for that. Lets check in on the first word news now with ritika gupta. Proposed budget for the next fiscal year will approach the equivalent of 1 trillion for a second straight yea
Kathleen youre watching daybreak a show coming live from new york and hong kong. Haidi we are counting town to asias major market opens. The top stories, asian stocks to start the week under pressure following mixed signals in fridays jobs report. Inflation pressure from the u. S. And china. Will prices are nearing highs for the year after six straight weeks of that. Saudi arabia extending as his Prime Minister says he will not pursue the judicial overhaul. Annabelle asian stocks are starting the week under pressure and we see futures to a weaker start. We are one hour out from the open in sydney and tokyo. Looking at key events on the horizon the u. S. Rally evaporated at the end of last week. We will have more on that in a moment but in asia key events include Consumer Prices data from china on wednesday. We could see deflation taking hold officially in the country and other factors as well. Japan has got the boj releasing the summary of meeting minutes. Investors will be passing ove
Wanted, which could wreak trigger tax increases that could whena risk for the senate it goes for a vote, possibly as soon as tomorrow. We speak with kevin cirilli. What is the danger that conservatives will go against the bill based on this trigger . Kevin Mitch Mcconnell is saying they are our will move ahead with the motion to proceed in order to have this vote on the tax reform package tomorrow. A deal being reached could mean the public and leadership as coulds senator corker, resolve. Should the tax plan not be able enue as aenough rev mechanism for Economic Growth, there would be an austerity trigger that would drive up revenue for the government to collect, still being deciphered as we speak. All systems are go for the Senate Passing this tomorrow. President trump is going to be back in missouri this afternoon and he will be trying to drum up support. Hery that satisfies defecity hawks, buteficit what about senators like ron johnson . Kevin those folks are moving toward getting
Out, be ok very much in the mix. They are done with one. Have a look at this other chart. The question now is when do they follow up with the first rate hike in six or seven years . When you look at the spread between the three year and seven day, you still look at real rates which is the bottom one, still negative. You would assume that this one corrects both for the middle. Which essentially means either they hike once more which is or inflationthinks picks up which of the be ok says they will. At these, it does seem they are not done hiking rates. The question is when and whether or not the bond markets will listen. While we are talking about this, one is extending its losses as the governor continues to speak. Sophie has been tracking the moves. A lot to be thrown today. Dodging quite a bit. They have been able to resilient in the face of north korea. We have seen the korean won stick below that 1100 level for some time. As the governor spoke, we saw that slump in the korean won de