Paying more than 1 billion australian to settle a Money Laundering allegation, the largest corporate find never levied in australia. Tiktok drama turns another page, owner bytedance asking a judge to halt the ban in america, Chinese State media slamming u. S. Dirty trip u. S. 30 tricks. We heard from larry kudlow in the last few minutes, downplaying expectations we will be getting any more fiscal stimulus through the pipeline, larry kudlow saying he doesnt think the u. S. Needs another stimulus package and that they will be doing targeted measures only and need to be smart about this measures. This comes after course of fed officials, including chair powell, saying there is a long way to go for the economic rebound, we heard from several others, all saying there is further need of more fiscal stimulus to do that heavy lifting. And that comes after congress ended its pursuit of a bipartisan spending bill and are now focused on replacing Ruth Bader Ginsburg on the supreme expected thisin
Slightly pressured. 650 billion are wiped out in u. S. Equities in one day, yesterday. A lot of it has to do with the dollar. On track for the best week since april. That is hurting sentiment around the region. The aussie dollar is hovering around the july lows. You have more calls for a cut of the cash rate from the rba next month. We see yield heading lower in australia. 105 for yourat offshore renminbi. Slightly stronger for the pboc. Here are where yields are. 67 basis points. We continue to watch whats going on in the aussie 10 year, and the china bond inclusion could happen later on today with that ftse russell. Russell wreste. Could spur inflows into the market. We are watching commodities with the Dollar Strength. The metal is falling off. Silver, copper and aluminum taking the biggest hit in the last 24 hours. The marketre on action we are joined by our mliv strategist in singapore. Question of the day is what i want to start with. What assets suffered most from deleveraging .
Trouble with selling a world Famous Treasure trove want to do the dressed in themes in mind for their priceless jewelry heist. But come to do your business live from berlin i want to get jones good to have you with us starting with a blockbuster i p o shares in chinese ecommerce giant alibaba has surged in its hong kong trading debut in what is one of the years most anticipated stock offerings the company which is already traded in the United States raised more than 11000000000. 00 in its 2nd realistic shares of alibaba surged more than 6 percent in the 1st few minutes of trading on about us offering is a huge boost for the Hong Kong Market which has seen business slow amid the ongoing and partly very violent prodemocracy protests. And as were in the region already lets talk about chinas role in the current a bit coin decline the much hyped crypto currency has fallen to 6 months low partly because china has announced plans to take a harder stance against cryptic currencies in general b
Buildings and kills at least 9 people. Bought into the program protesters being killed while trying to storm another United Nations compound in eastern democratic republic of congo hundreds of marching towards the airport on the outskirts of the city of beni where you and the peacekeepers were based but Security Forces stopped them from forcing their way past roadblocks protestors have been turning their anger on Security Forces and aid workers for not protecting them from armed groups peacekeepers had retreated to a un military base after their compound was attacked on monday amid the violence the World Health Organization has pulled almost a 3rd of its staff who are working to combat the spread of a bowler. Produce that carney is on the line from beni when we last spoke to d protesters were still planning to march towards the airport theres still a great deal of anger whats the situation like now. This edition of right now we have a road block. 4 on the men in any town. Can not turn
Plus huber, mcdonalds and under all fall on earnings. A it is decision day, a Bloomberg Survey is 100 certain rates will be kept at hold. Markets have opened for trade. Any he stocksouse are faring. Is undere dollar pressure up a 10th of 1 with bond yields higher. A largely anticipated hold. The aussie dollar reversing a to . 70. A move lets get a quick check on futures elsewhere. Futures hitting gains and a little change for the japanese markets as they reopened there. The cost could snap a threeday event while kiwi shares are extending mondays gains ahead of vika data from the region. Ocbc, the Bank Reporting at 1. 7arter income billion. Thirdquarter net income coming in at 1. 17 billion. We are seeing the Interest Income coming in at 1. 6 billion. Income at just over one billion singapore dollars. Thirdquarter allowances for loans and other assets coming in at 179 million. See,e expecting to particularly when it comes to wealth related assets, seasonal benefit when it comes to hong