Market. We had those jobs numbers and the last half hour. The Unemployment Rate falling to 2. 4 , revised 2. 5 a month earlier. That puts upward pressure on wages. We want to see sustained salary gains for the boj to shift his policy settings. Its policy settings. Perhaps tempering expectations of the market. He has been in brazil after a meeting of g20 finance chiefs saying they are not in that position yet to see sustained stable inflation target countering what came through from a board member yesterday, saying the price target was finally coming into sight. Just some of the different headlines about the boj, but ueda is saying the inflation target is not insight. Markets wise, the japanese yen holding that 1. 50 mark. Stocks are a little more positive. That preferred inflation gauge for the fed meeting estimates, holding the 2 target for the u. S. But it does allay any concerns about researching inflation. Resurging inflation. We did see u. S. Stocks hitting record highs. Breaking
at a time when washington is trying to reduce its reliance on foreign made chips. my colleague samir hussein reports. the 56 chips apple is buying from broadcom will be designed and built in the us. it is the latest business deal between the two companies. in 2020, broadcom said it would sell $15 billion of wireless components to apple. the deal fits the brief apple set out for it self to invest more in the us economy. it also goes hand in hand with a push to get more us companies to use domestically made microchips. the supply chain disruptions during the pandemic triggered a semiconductor shortage which showed just how reliant us companies had become on chips made overseas, specifically in china and taiwan. which many us officials see as a national security concern. since then, the us has been privatising domestic production of semiconductors is advised to wean firms from relying on foreign chip makers. last summer, us presidentjoe biden signed an act that drew billions of
Opec supply cuts will tighten the market. It is labor day in the United States and canada, the regular band is out for the holiday and ive taken over for the interim period. A little bit of visibility of what is open. What we know is currently offline are the cash, u. S. Equities and theres also no cash u. S. Treasuries. Many firming up by 1 5 of 1 . The folks at jp morgan and Goldman Sachs making an argument around the story. In terms of valuations those are looking stretched. International equities more attractive. The twoyear german bunds with the country selling 5. 5 billion euros of twoyear government bonds thats coming up at the beginning of this month. A weaker greenback and then brent crude hovering short of 99 a barrel. Lets set the scene with assets in china. China builder shares surging with the nation boosting property support. Shares advancing 8. 7 . Weve taken the real estate index after the country cut down payments for homebuyers and encouraged lenders to lower rates on
let s unpack this with russ mould, investment director at aj bell. good morning to you. good to see yom good morning to you. good to see yom tell good morning to you. good to see you. tell us good morning to you. good to see you. tell us more. - good morning to you. good to see you. tell us more. what l good morning to you. good to l see you. tell us more. what are ou see you. tell us more. what are you hearing see you. tell us more. what are you hearing about see you. tell us more. what are you hearing about the see you. tell us more. what are you hearing about the offer? - you hearing about the offer? the intriguing thing looking from the narrow perspective of the financial markets is the share price, the parent company is trading somewhere below the offer price, which suggests that investors are not entirely convinced the deal will go through, even though the offer is a quarter of the shares and is a quarter of the shares and is offering a decent share price co
The s p 500 will do in the next six months of these 23 folks 63 say it jumps more than 5 . 21 say moves up, but less than 5 so 85 say stocks are going higher yeah. And you know how i love to play a contrarian, judge, but unfortunately, im not a contrarian with this one i agree with it. I think the second half of the year, we pick up momentum again, that we had in the First Quarter, that we basically traded sideways, except for tech and a couple of the health care names, in the Second Quarter, but i think second half, a lot stronger than weve just experienced. All right pete, so youve got the dow up 8. 5 s ps up 9 nasdaqs up 16 history guests that docs right. If you look since 1988, when youve had firsthalf gains of at least 6 , im going to read you some of these numbers. 2013, we were up 12. 5 first half we finished 29 . 2014, we were up 6, we finished up 11. 2012, we were up 8, we finished 13 2003, we were up 10, finished 26 and i can go on and on and on. The gains are pretty magnific