The futures contract from the big gains as well. Optimism at the start of this session. A data out of the u. S. We have p. M. I. Numbers. And easing from the impact from the virus. E await that data. Good to from bill have you with us. In the end at the end of the day, it remains strong and solid. This market seems to suggest you cant fight the fed or federal banks and no bad news will sentiment. Y damp the im not sure that i would be that positive about the sentiment. The correction that we saw in march was sort of a classic correction, if you like, with all the things happening in the normal order. But the rally has been defensive in nature. A lot of defensive assets like gold have done very well. And certainly defensive sectors within equity markets, for well. E shes have done we have this massive, massive, monetary and fiscal action by the fed and other Central Banks and governments but im not sure if that turned yet sent metropolitan positive. People are still very, very carbous.
Weeks elections. Saudi aramcos shares advance again ahead of the inclusion and Major International equity indices this week. The worlds most valuable company has gained 17 since the debut. It is 8 00 a. M. Across the emirates. I am in dubai. Im Tracy Alloway in hong kong. I mentioned the yuan strengthening on the back of the stronger ecodata and on the back of the agreement between the u. S. And china on a phase one trade deal, finally. Take a look at the offshore rate, about. 99 this morning. I should mention the fix for the onshore rate came in stronger, the strongest since august 6. The developments will give enough confidence to chinese corporates to refrain from adding to their dollar stockpiles for now, so thats when we sin reason why the Chinese Markets are strengthening. Lets talk about another key asset on the move. Rent crude is down about one third of a percent from a three month high. A little bit of caution around this trade agreement. The limited nature and the lack of de
They may listen to demands of its activist investors. Inhine orders are released tokyo later this hour. We are keeping our eyes across on the latest from the white house as it denies reports alleging meddling by the president in the russia investigation. This is daybreak asia coming to you live. It is just after 7 00 p. M. Betty, where do i start . The perfect storm in d. C. New reports surfacing. On the heels of what we could have seen, the disclosure of sensitive information. How can you deny that . We are seeing that reaction with the dollar plunging. Youre absolutely right. A lot of questions here. The market seems to be shrugging off the chaos in the white house. It had a bigger effect on the markets in the lower dollar. Housing numbers this morning, in below estimates. That has people worried. Maybe this economic recovery and this momentum might the losing steam. Lots of people focused on the economic numbers to come in the u. S. Is pretty confusing. We did get production out gai
Growth has picked up slightly this month. Asia is back in the black lit to cheap fuel. D by whats going on in the broader region . Lets find out more. Asian stocks are gaining. Gain, another day of gains thats after four weeks of losses. Asian stocks have been on a tear, getting cues from the u. S. As we saw record highs there. The u. S. Is closed on the holidays for thanksgiving. The nikkei is up. 6 . Data this morning showing that came in line with estimates, another month of deflation for october with the cpi falling. 4 . Seven days of consecutive gains and now near overbought territory on the rsi. The asx 200 of. 4 and data from new zealand showing the trade data narrowed. The kospi, not a lot of movement but remember its been a very brutal last few sessions for emerging markets. We will see how they trade throughout the day. Malaysia is unchanged that remember the ring that has seen quite a beating from the surging dollar. Lets get a check of the dxy. It is surging after taking up
LGT Capital Partners LTD. increased its holdings in The Carlyle Group Inc. (NASDAQ:CG – Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,420,500 shares of the financial services provider’s stock after purchasing an additional 20,500 shares during the period. The Carlyle […]