Im Tom Mackenzie in london. These are stories that set the agenda. The bank of japan hikes Interest Rates for the First Time Since 2007 and scraps yield curve control. The yen falls through 150 versus the dollar. Traders cut fed bets as fomc members gather. U. S. Two year fiveyear yields climb to the highest levels this year. Plus, nvidia unveils the successor to its old ai processor. But markets deliver a muted response to the highly anticipated speech. This is hopper. Hopper changed the world. This is blackwell. Tom a new era for the japanese economy. The first hike since 2007, ending of yield curve control, and an ending of etf thats in buying. We have Stephen Engle on the ground in tokyo for all the details and we will cross over momentarily. Lets check in on the markets as we set you up throughout the trading day. The fed starts its own policy meeting with that decision on wednesday and a focus on the dot plots, the focus from the fed officials. European futures up. When it comes
Tom good morning, this is bloomberg daybreak europe. Stock struggle for direction as investors eye u. S. Factory inflation data due today for fresh clues on the feds rape at the head. Apples biggest supplier is said to report. We will discuss what they mean and good thing about the help of the tech sector and john help economy. The clock ticks were tiktok, the fate of the Popular Video app is in the hands of the u. S. Senate after the house forces its owners to so or face a ban. Nasdaq ended lower by 0. 8 . As an be close lower. It was a press record for european stocks. The catalyst later today, Producer Prices out of the u. S. , whether or not ppi print out of the u. S. Confirms the stickiness that we saw in cpi, the Consumer Price index orbits a question mark over the sticky narrative. Retail sales and initial jobless claims that the u. S. S p futures flat, european futures flat after record gains. Ftse 100 futures at 7775. S p futures pointing slightly higher after a lackluster ses
Good morning, this is bloomberg daybreak europe. I am Tom Mackenzie in london. It began in focus has japanese stocks of the most among some growing speculation the bank of japan will raise rates, it investors look ahead to u. S. Investor data tomorrow. U. S. President joe biden towards israel against invading the city of rafah, calling it a redline as ceasefire talks remained deadlocked. Aramcos 31 billion dollars gift, the Worlds Biggest Oil exporter ramps up its Quarterly Dividend despite loyal oil prices to plug a budget deficit. A bit of profit across the nasdaq on friday. We had jobs data, Unemployment Rate ticking up to 3. 9 , but broadly the jobs picture looking at a relatively resilient in the u. S. European stocks ended friday at a press record. European stocks pointing to losses of. 5 of 1 . The data focus is the inflation print out of the u. S. On tuesday. It is worth noting inflation out of china managed to take up in a recent reading suggesting the inflationary funk is sta
Good morning. This is bloomberg daybreak europe. Highend Tom Mackenzie in london. Donald trump and a joe biden rack up primary wins on super tuesday with a rematch of the 2020 president ial election and now looking more likely than ever. We bring you all the latest as the final results come in. Stocks in hong kong rebound as markets look ahead to a press conference from top chinese policymakers and testimony from fed chair jay powell. Bitcoin, meanwhile, hitting an alltime high before retreating. Plus, u. K. Chancellor jeremy hunt repairs to deliver his Spring Budget prepares to deliver his Spring Budget with a focus on potential tax cuts before a looming general election in the u. K. The selloff was pronounced when it comes to technology. The big names of the likes of apple losing stock pricing, tesla down around 11 in two. Days you saw the nasdaq closing lower by around 1. 8 , the s p 500 index lower by about 1 . We look ahead to jay powell testimonys. Is expected to reiterate that p
Budget deficit of 3 of gdp which some say is uninspiring. The csi 300 index reversing earlier losses, now boosted after li qiang talked about plans for urbanization and regional development. Traders say while they are not many bright spots, what is important is that there are no scares. The benchmark is really low. Csi eking out gains so far, no abnormal etf trades, so perhaps the National Team is not in play. Hang seng index currently down 2. 5 , were keeping an eye on the nikkei 22, now below the 40,000 level. Our focus is on china premier li qiang presenting his work report to kickoff the npc with a growth target of 5 for the year. Lets listen. In setting these targets, we considered evolving dynamic at home and abroad, and other relevant factors. And it is not easy for us to realize these targets. We need policy support. And a joint effort from all. Haslinda chinese assets showing stability, csi 300 zero point 4 higher, the hang seng under pressure, the yuan 7. 2096, stable but sup