Rally. The bond market yesterday saying a bit of buying come back, but not much for printing. 71 basis on the 10 year right now. Action pivots over what is happening in the United States. We get to the Michigan Consumer center. A little stronger than economists seemed to have protected. 74. 1, up from 72. 8 last time around. 72. 8 was what the economists were predicting as well. Current conditions, 82. 9. That is slightly ahead of expectation which are at 60. 5. The expectations number is actually where we are seeing the strain. Lets turn to our big story of the day, we have seen that apart from the japanese Prime Minister shinzo abe, the countrys longest serving premier will be undergoing treatment for chronic illness. He spoke earlier today. Respond to ready to the mandate by the public. I made a judgment i should not continue my job as Prime Minister. To step down as Prime Minister. Indicated that he will stay on until Leaders Within his party choose the successor. That could happen
Debts are about 700,000. The Trump Administration dabs up its attack on chinese tech. Mike pompeo wants to cut ties well beyond just a campaign against tiktok. Alert on start with an the bloomberg. South korea announcing its surplus widening to 6. 88 billion. This is a recovery from the 2 billion level we saw in the previous month and recovery after logging a deficit in april. When it comes to the trade surplus, widening to 5. 867 billion. We have seen south korean exports slump, slowing in july. We are seeing an economic recovery in china and demand for semiconductors. Lets turn to Sophie Kamaruddin in hong kong for a check of the markets. What should we be watching out for in south korea today . Sophie we have more data coming out. Tourism revenue falling for a fifth consecutive month so the focus will be on the consumer sector. Of o have the likes reporting earnings. Consumer sentiment has rebounded for a third month in south korea and online spending will continue to be key as the
What lessons global economies can learn from japan. Lets kick it off with our market minutes today. I want to highlight something i was super excited to realize with my imac, and that is that we are now looking at 11 different Industry Groups today for the first time, this will go official for standard on september 16. It is already official. They have broken out real estate from a financial. Financials have done very well this year, but mostly because of the reads. They have done much better on a oneday basis. Financials are down half a percent. Telecoms are leading the way. Joe on the Government Bond fund, very quiet on equities. All eyes on the jobs report tomorrow. Here is a look at yields, the mining a little bit on that twoyear and 10 year. Not that dramatic. I want to look at the u. K. , reticular leotard of 10 year yields. You can see it taking up, way lower than it was prior to the brexit vote. We have more good data out of the u. K. , solid manufacturing data. And you do see
S p 500. Specifically all major averages seeing the high. If you look at the s p over the course of the day, you have seen rather than the more dramatic volatility that we have seen lately, yesterday, for example we bounced between gains and losses, well bring much hung on to gains for the entire day. And built upon those gains. Groups who at the are on the move. We have technology that has been leading gains throughout the day. Helped in part by microsoft earnings and also the general bounceback in large technology, which has been suffering this year. Its a more broadbased rally, all of the groups in the s p 500 are higher. Consumer discretionary is the lag, amazon is in that index, not in the technology one. That accounts for the relative underperformance. Industrial at number two. We been talking a lot about tech today. Lets switch to industrial. Honeywell without with earnings this morning, the Company Matching estimates. Unlike boeing, we heard from the other day, Aerospace Sales
Economy is moving to tighten its Monetary Policy this year. We hear from an expert about the timing and its impact. U. S. President barack obama is making a move to try to counter cyberattacks. Hes announced new security measures following the recent hacking of Sony Pictures and the u. S. Central command. He says the incidents are reminders of serious threats facing the country. We saw the hack of a military twitter account and youtube channel. No military operations were impacted. So far it appears that no classified information was released, but the investigation is ongoing and its a reminder that Cyber Threats are an urgent and growing danger. Obama said new measures would encourage private companies to share cyber threat information with the government. And he said he wants to be able to better prosecute those involved in cyberattacks. Obama called for congressional support for legislation containing these measures. Late last year, hackers attacked Sony Pictures entertainment after