the rbnz is excited to hold the qe limit. government of lebanon has resigned after last week's devastating explosion in beirut. the cabinet quit amid rising public anger for the blast which is now responsible for at least 200 deaths and destruction of a large part of the city. the prime minister says it is the biggest disaster in recent lebanese history and blames corrupt political elites for sabotaging his administration. powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. shery: president trump has resumed his press briefing after a possible security incident at the white house. happening right now, president trump speaking about the economy and other pressing issues. joining us now for the latest is bloomberg's government reporter jimmy wilkins -- emily wilkins. the only thing we heard is the shooting happened outside the white house, it is now under control. what else do we know at this point? emily: at this point, we are learning about things as they come

rbnz did, when steven major uses that phrase, in other words, what the rbnz and the rba does come andhey did plenty today. they complained about the strength, they added qe of the said that by foreign actors, that's the benchmark and rewrites the narrative for central banks globally. that's a proposition i put to you this morning. good morning. nejra: exactly, increasing qe talk of negative rates has move the kiwi, it's the worst performing gtech currency against the dollar. you can see the kiwi there on the first market board, but also i want to highlight what's happening in gold, collapsing below $1900 an ounce after the biggest drop in seven years yesterday. consensus seems to be saying it was that jumping real yields which actually was led by what we saw in the tenure, jumping six basis points, the most since june, partly on economic optimism but also in anticipation of record supply coming through this week. he talked about the curve steepening, we certainly saw that as well. in terms of what happened in the equity markets, we're seeing some red on the screen in asia today. yeste

the kiwi dollar to three-week low ahead of the rbnz decision.stock movers after an five-day decline, south bancshares swinging in the wake of its profit rebound. switching out the board to check in on softbank this morning on the back of earnings we got on tuesday. shares under pressure by nearly 1% and rocky 10 falling -- raku an falling after registering first quarter loss. aftera under pressure posting a first quarter loss in line with expectations. let's check in on bloomberg in sydney. rising as much as 2.7% after the posse lender announced dividends seven-year low. magellan financial rising after the fund manager pushed full-year profit with funds under management growing by 26%. because, quickly, i just want to turn to the credit market. yield floated pickup in asia's primary dollar bond market tuesday, but the mood may shift amid warnings the rally may falter on worries may plateau. , fading tos fading the lowest order ratio since the credit route dried up. hsbc warned the asian credit rally is running just a bit too hot, so expecting sp

looking at a snapshot of rbnz policy divergence.ou have the aussie dollar topping the best winning streak since 1991 against the kiwi. negative rates in new zealand. expecting the rbnz will cut the cash rate to -50 basis rates in april. switching out the chart, made way on japanese stocks with the currency trading around a one-week high. recovery prospects remain uncertain following the gdp slump. the nikkei could be on a path to losses, during the broad rebound we have seen in asia. changing of the chart, it is not being felt, which are on track for the worst year since 2013 as the region misses out on the tech rallies that continue in wall street. southeast asia's old economy firm makes up the heaviest waiting which will longer will be the case in hong kong, adding alibaba and shalxiaomi. more on the get markets with aaron gibbs. we keep touching those record highs without really being able to surpass it when it comes to the s&p 500. when you look at the rally we are seeing in the u.s. stock market, what do you think about andbrea

six of nine economists expect .he rbnz to hold its qe limits the others say an increase. reopen after the lunch break in tokyo, we up as we went into lunch. what we have is the nikkei just about the same level at the moment as we do see all but topixof the topics -- indices advancing. sony electronics giving the biggest boost with regards to all that. all of this against a backdrop of asian stocks shrugging off and seeingl concerns green out there with hong kong leading the pack, two point 1% up. indian markets, at the moment it is a situation where we have positivity going into the session, according to the nifty contract in singapore, up by 0.4%, a gain of high-frequency data from a managing service. fuel sales, growth plateaued in july and that is perhaps boating badly for the economy looking ahead. the rupee pretty much unchanged. yields edging marginally to the upside. here is a stock worth keeping an eye on. the company's top glove and it is the world's largest rubber glove maker. 450%, making it the second most valuable stock index.major stock that is due to a boom

kiwi stocks under pressure ahead of the rbnz policy decision tomorrow. yen weakening as well as spot gold extending a drop for a third consecutive session. barrel as we42 per continue to see this extension of gains after saudi aramco said demand will continue to improve. watching are also company taking a slide after the game maker said it would delay the launch of dungeon games to august 12 to comply with tencent anti-addiction system. lossestbank expanding for fifth session despite expectations ever returned to profit, the stock falling to low we last saw july 20. could yetelco giant post higher profit for the fiscal year but it has benefited from the work from home about trend, ntt. jen drug application is getting an fd -- biogen any an fda priority review. the aussie building materials hardie in sydney on the back of an earnings report. higher after biogen gets an fd a parody review. now, the significance of the grim milestone in covid-19, we are seeing cases starting to pick up at a faster rate? >> yes, it is a grim milestone. it is sobering because

the rbnz, the stocks in new -- the kospi flat at 2417, easing.ng a we can expect from the india open after yesterday's advance, on the singapore contract on the nifty. india's factory output declined again, the economy struggling to reopen amid the coronavirus pandemic. looking at gold, the big story, two point 4% down, erasing some of the losses but still below $1900 per ounce. look at the yield on the 10 year, creeping up 60 four basis points at the moment. the rise that pushed gold to these record highs coming to an abrupt halt. the haven, boasting the biggest drop in seven years because of the bond yield story which had been supporting what was going on with gold. treasury bond yields climbing, cutting into the negative real rates. 10 year treasury yields jumping the most since june ahead of an expected flood of corporate and government debt issuance. positive data, helping with u.s. producer prices, increasing faster than have been anticipated. u.s.-dollar index moving up by 0.1%. biden has named california senator kamala harris as his runni

this comes after the rbnz expanded monetary policy support and is mulling the idea of negative ratess well as further moves on q. week. plenty more to come on "daybreak: asia." this is bloomberg. ♪ haidi: a quick check of business flash headlines. a top chinese developer has reported close to a profit of 2.7 billion, blaming the fall on covid-19 and promotions that offered discounts. net profit from its main operations is expected to be down 37% from a year ago, while net profit is forecast to have declined more than 45%. india's rc rci bank has raised the by a noninstitutional placement, joining indian lenders boosting funds as the pandemic threatens to push up bad loans. the bank made the offer between august 10 and 14. singapore's sovereign wealth fund gic picked up 11% of the offer. morgan stanley bought 7%. temasek holdings is the fifth-largest shareholder in blackrock after adding a 4% stake worth around $3.5 billion. temasek bought blackrock shares when pnc sold a $14 billion stake earlier this year. the companies have worked together in the past. talks are underway for a join

the aussie strengthening versus the kiwi for a second day, the prospect of negative rates from the rbnzding the kiwi down, up. gold futures six-t have crude down enths of 1%. this will zero in on the opec meeting tomorrow. for the first word headlines, the u.s. adding additional restrictions on huawei aimed at cutting access to commercially available chips. it is the latest move in an increasingly tense relationship between washington and beijing. correspondent has the story and joins us now. let's get to stephen engle if we can. what are the new curbs? stephen: as is in addition to the export controls washington slapped on those who do is this with huawei in may. a large asian foundry in taiwan announced in may they would stop making chips designed by huawe'' s affiliate as of september 15, which is the deadline imposed by washington for those restrictions on huawei. these new curbs announced by the commerce department are in addition to that, and according to wilbur ross, secretary of the commerce department, closes a loophole that some of the affiliates of huawei and that huawei was

this as we have rbnz expanding their qe program. gains in the currency returns, commodity exports, unr holdings -- qnr holding steady. >> u.s. and chinese negotiators plan to discuss progress in the phase one trade deal. pushing toset to be widen the agenda to include president trump's crackdown on tiktok and we chat. expectations, our given that we don't have an exact date or agenda? >> look, on tuesday, donald trump off about how it was not necessarily that important, that a lot had changed. their view on china had changed a lot over the last eight months. we have had the coronavirus outbreak globally. bands --ad these tech bans on tiktok and the ongoing issue of huawei. we have the issues in hong kong and the national security law still over effect. and we have taiwan with the health and human services secretary visiting taiwan this week. issues,e a lot of geopolitically, between china and the united states. the fact larry kudlow downplaying concerns that hit the market that perhaps donald trump was throwing cold water on the pha

we are expecting the rbnz rate decision later this week there they could hold rates but expand to a.have seen the aussie dollar holding a three-day gain. rhetorica more dovish from the rba. we will get australia's unemployment numbers later thursday, the kospi futures gaining. in fact we are heading, the highest level since to september 2018 south korean stocks have been on a 10 or while u.s. futures are under a little bit of pressure. i talked about the tensions. we did get some positive data with the eco-front and jobs numbers. we will look ahead to the week for eco-numbers with mizuho. and a senior advisor, scott kennedy. the market opens, this is bloomberg. this is bloomberg. ♪ this is bloomberg. ♪ ♪ shery: good evening from bloomberg's global headquarters. i am shery anh. haidi: i am haidi stroud-watts. markets in sydney and soul have just opened. u.s.-china facing a string over the most senior diplomatic visit to taiwan in decades. washington is sanctioning hong kong officials over beijing's crackdown on free speech. china which was the first in to the pandemic could be the fir