Monopoly status in the most significant antitrust action against a u. S. Company in decades. Google says the government case is deeply flawed. Netflix plunges in late trade after losing subscribers. We get the outlook and expectations, and investors are not happy. Shery we are seeing u. S. Futures coming online slightly higher, by. 1 after u. S. Stocks rose in the regular session. It was a choppy one. We saw expectations of the next round of stimulus and House Speaker nancy pelosi now trying to negotiate that deal with the white house, investors watching that very closely. We saw the s p 500 index gain. 5 with 10 of 11 sectors rising in the new york sector. Nasdaq composite also gaining ground, despite we saw the Justice Department decision to sue google for allegedly abusing its power. All of this leading to the dollar sinking to a oneweek low, more optimism that perhaps a compromise stimulus is on the way. Look at oil at the moment, because we have seen oil slightly higher on this up
The outage cast further doubt on tokyos hopes of replacing hong kong as the equities leader in asia. Japans lost generation. We open a business week report on the people shut out of the employment market in their continuing to search for directions in middleage. Haidi lets take a look at how things are setting up in this fridays session. Of course, a whipsaw week when it comes to u. S. Markets. A lot of travel when it comes to asia. Tokyo to resume trading today. Sophie that is the case. That would be the focus on a case that has several markets closed for the midautumn festival. Japan very much and focus after the start of the fiscal second half was marred by nikkei futures in chicago edging slightly lower ahead of that potential session. The closing prices for wednesday will be the opening prices for thursday. Arkets are also watching for third extra budget in japan. We have jobless numbers for japan along with Australian Retail sales. Above 675, this after it edged towards 673 overn
Germany sees the economy shrinking at least 5 . This, as fears of a virus followup could last for years. We hit our we will hear from ceo bill winters this hour. Haidi lets look at trading when it comes to australia. Asia looking softer, potentially modest bump up after u. S. Stocks saw the first gain in three days of losses. In new zealand, trading is dataway, retail sales is a point we will be looking at later to give us an indication, not super forwardlooking, but at least how things stand in terms of the fed rate period, asia excluding japan looks like it has had a flat week so far. That is u. S. Future. Waitinghe bond market, for the ava bond purchase, the aussie yield curve steepening ahead of the government announcing option plans for the coming week. We could see a bump up in primary activity, looking at the threeyear yield to and the week below target after the central bank boosted liquidity and calmed down money markets. We are watching banking stocks after they cut fees, one
Afghanistan. Both sides want a ceasefire. We areake a look at how shaping up for trading on the final trading day of the week in asia. We do have one market up and running, new zealand, trading for about an hour now, currently higher by 0. 5 , continuing to hover around record highs for the index. Sydney is poised to open higher as well. Futures currently up by 0. 4 . Different story elsewhere in asia. Y akei futures, weaker b little more than 0. 4 . The kospi is looking flat as well. We are expecting a fair bit of data out of japan and south korea today. We will break that as we get it. We will provide analysis as well. Lets get a little more on the markets now. Theinued speculation that reserve bank of australia will be delivering more stimulus. Shares have hit another record. We have the final policy decision for the rba due next week. Our next guest says it is three rate cuts in six months that will supercharge the markets. The chief Market Strategist of investment joins us now of
Worth noting, we had some equally data in the last 10 minutes or so and the numbers, monthonmonth, Industrial Production there falling 7. 5 . That was worse than what economists had been expecting. There could be the production hold, daihatsu over the course of january, suddenly being into those numbers, because we saw that fall in production. They could be perhaps a shorterterm lip. Yearonyear actually the reading was betterthanexpected. Retail sales as well out, those numbers better than what economists had surveyed or what had been forecasted both yearonyear and the monthonmonth readings good for a brighter but for the japanese yen, we continue to hold around the 150 mark. It has not budged for several days now. This is the state of play for japan. Lets roll over and look at how korea is coming online today. A bit of weakness again, but fairly muted. As well, the dynamic here is what we had in wall street overnight, more weakness creeping through, but that countdown to the core pce