Dani good morning, welcome to daybreak europe. Lets get the top stories that set your agenda. The u. S. Bowing. Or for israel but not everyone is on board. Turkish president erdogan criticizing the move. Elsewhere treasury yields drop with some of the biggest margins this year and hope the fed may be done with raising Interest Rates. Plus we look at one of the biggest luxury goods makers in europe as demand cools, on the other hand the micro market for microchips may have turned the corner. We dive into the numbers. Those are your major market headlines. There are a lot of geopolitical factors, what is it mean when you look at the Bigger Picture . Simply the idea that youre looking at a drop in risk sentiment, it comes a little bit from asia but the idea of the geopolitical volatility right now, what is interesting is that europe did rally by a big amount yesterday. It might simply be a little bit of a paring back, remember we also got those sales numbers, the heavyweight in the euro s
Youre watching deprecation coming to you live from new york, sydney and hong kong. Counting down to asias major market opens. Australia has just open for trade, the top stories this hour. Asian shares poised open higher after that this comes from fed officials, oil and gold Holding Gains in the aftermath of attacks on israel. Benjamin netanyahu says that retaliation has started against hamas as militants are warned they are prepared to kill hostages. Plus, xi jinping meets u. S. Congressional leaders facing criticism for chinas stance on the middle east conflict. Look at how u. S. Futures are trading in the Asian Session, not a lot of movement after we saw the s p 500 gained ground in the new york session. We did have Energy Companies really leading today given that oil prices were higher in the new york session. We are holding at 86 per barrel and they jumped more than 5 . We continue to watch the implications of a wider conflict in the middle east. Although the u. S. Has said that it
Will come to do daybreak australia. I am in hong kong. A selloff on big tech in the s p 500 to is the lowest in two months. Asian equities break with key Economic Data out of china. Haidi israel vows a response after the iranian attack even as the u. S. And allies urge restraint. Annabelle Goldman Sachs surprises were a 28 jump in firstquarter net income defying expectations of a draw. Haidi looking how we are setting up an hour from the start of trading. We are looking like a struggle. No hurry to cut rates. We are seeing that uphill battle in this part of the region. That prolonged wait for monetary easing. Futures up by 0. 1 . We continue to see a surge in metals prices. Kiwi stocks down by 0. 6 . We are seeing it to flow as it heads toward the rbn target band. What that means for the Monetary Policy for central bank that was ahead of the curve. We do see the japanese shares falling in the previous session with these ongoing middle east tensions. And in the thick of earnings season
Earlier we saw the Australian Market opening lower. Business reporter Suranjana Tewari is across the story from oui newsroom. Oil prices expected to rise at the start of the asia trading day. Although a lot of this has been priced in. On friday, oil prices were at a six month high. Thats because investors really expected that iran would retaliate on that suspected Israeli Attack at the beginning of the month. Traders say any gains will depend on the scale of israels response. I think well see volatility, i think that will be on the framework. If there were to be some sort of counter move by israel i think that would rock it markets very much to the upside as far as crude oil in the us dollar as a safe haven. We see how this all plays with it but i do expect the markets to appreciate in value, itjust depends on how significant this response is going to be. Or is it can be any response from israel. Shipping that oil could also be affected. Around a fifth of the world consumption of oil g
Hong kong has started trading this morning and have opened lower this morning and have opened lower as this morning and have opened lower as well, as has australias market. Business reporter Suranjana Tewari is across the story from oui newsroom. Oil prices expected to rise at the start of the asia trading day. Although a lot of this has been priced in. On friday, oil prices were at a six month high. Thats because investors really expected that iran would retaliate on that suspected Israeli Attack at the beginning of the month. Traders say any gains will depend on the scale of israels response. I think well see volatility, i think that will be on the framework. If there were to be some sort of counter move by israel, i think that would Rocket Markets very much to the upside as far as crude oil and the us dollar as a safe haven. We see how this all plays with it, but i do expect the markets to appreciate in value, itjust depends on how significant this response is going to be. Or is it