Chairman. Lets get you started with a quick check of how markets are trading. U. S. Futures continuing to add to gains after u. S. Stocks rallied in the regular session. Vaped tech shares leading the gains. Alphabet optimism about the experiment of drug coming from Gilead Sciences. U. S. Futures gaining ground at the moment. This after the s p 500 rose in the regular session. We have some negative data when it comes to u. S. Fourthquarter gdp seeing the biggest fall since 2008. We did get the fed decision. We have policymakers holding rates steady. Wti also continued to add to gains after we rose in the regular session, rebounding from almost 30 of declines in the last two sessions. Haidi of course one of the big headlines, the Trump Administration putting together this Manhattan Project style effort to drastically cut the time it takes to develop a coronavirus vaccine. Operation work speed hopes to have enough warp speed hopes to have enough doses available by the end of the year as g
Pressure mounts. Shery the volcano in the philippines shots schools and the Stock Exchange, warning of a violent explosion. Australian markets have opened for trade. Lets turn to sophie. Sophie stocks opened to the downside, off. 2 after the best week of the asx 200 since february. We are seeing beach energy under pressure but Australian Oil companies should outperform in 2020, although looking for caution around oil prices in the back half of the year given expectations for additional supply which has taken the wind out of oils rally. The oil rally. Oil had the worst week since july. Lets flip the board to check in on cable. We are seeing cable under pressure. Looking at how it is doing, moving towards the 130 scandal. 130 scandal. Here,g into the terminal want to give you the heads up the Philippines Stock Exchange has been close to their rolling along with schools and the middle miller the Manila Airport in the week. Here is where philippine stocks are. This is asias worst performer
Just continuing to track a bit higher. Were sitting at levels we havent seen since 2013 for this bond here. Certainly the question is, thage station that thage decision that were getting from traders, when were going to see the b. O. J. Start to cut or hike rates, were hearing them say the same three moves this year could be possible. We are getting close to the 1 market. Continuing to track the 10year yield at levels we havent seen since 2013. Really does play into the currency dynamics. Again today in the stherks yen fractionally weaker against the dollar here, trending back again closer to the 157 mark. Stocks wise, look, were a little high right now but fairly range bound on the session. That points to what were saying. Nvidia numbers are yet to come out. You mentioned the cleveland fed president , three rate cuts could no longer be appropriate. What does that mean for the dynamics of japan as well, that we continue to track. And also Rafael Bostic saying he expects a higher steady
Welcome to daybreak australia. Were counting down to asias major market opens. Annabelle a flat lead in for asia with stocks nearing alltime highs. Jamie diamond said the bank wont buy back a lot of stock at current prices. Haidi a high anticipated earnings report. We hear exclusively from the c. E. O. Jenseng on. Annabelle a lot of speculation after the iranian kings death. Sydney futures down about a on the 01 . The nikkei futures seeing a bit of weakness. Pretty cautious setup from wall street. We are waiting for nvidia numbers, the crux of the frenzy, and can it sustain another leg further . We are seeing futures to mild losses in hong kong. A bit of a dip in australia. Perhaps a little bit of a gain in japan once we get start. Remember, were trading pretty close to near alltime highs for a lot of these major markets. Thats right. It was pretty much the same story in the u. S. Session. We had u. S. Stocks sitting around the multiyear highs. Treasury is inching lower in the session.
We are about 30 minutes away open in china and in hong kong. But singapore and malaysia have into whatonline really is a pretty lac lack lusr market. Of course, u. S. Markets have been on holiday for the president s day holiday. So a subdued start. The region, pairing the earlier drop with the costly about 7 10 of a percent. And Australian Shares down about 2 10 of a percent. Aussie took a brief dip but they have since rebounded. A lift,ar yen, getting thatd president s comments a march hike isnt off the table. Leading and financials the rise. Quick check on some of the movers today. Toshiba also in the green today on reports that it may begin the for its chip stakes sale this friday. Going onnto whats over in singapore. A percent here. We did have singapore deliver a budget that hopes to keep growth above 2 . We did have the second finance minister speaking to us this budget, telling us the is about having a new direction mediumtermgh that hump. He did note that the oil and gas indust