Asia coming to you live from new york, sydney and hong kong. dear coming down t we are counting down to asias major market open. On worries of middle east tensions and higher for longer Interest Rates traders are on watch for yen intervention. Humanitarian aid trickles into gaza as the death toll rises. Aid may be delayed as israel backs diplomatic efforts. Theyre working with china following tax audits. Annabelle at the open of the asx 200 you can see we are in the red. Trading lower for a Third Straight session just tells you how much of an impact what is going on in the middle east is having on markets because the moves we have seen in treasury yields after stabilizing you are seeing muted action in the australian three year and 10 year and earnings as well because we are in the thick of earnings season. Betterthanexpected numbers coming out of u. S. Companies, were seeing the index moving in tandem which tells us again it is geopolitical concerns in the middle east, other parts of
Highest level since 2006. So were going back an additional year than what we have been looking at recently. 2year is down 5. 18. The 10year note is yielding 4. 8 and the 30year has ticked a little higher at 4. 95. Meantime President Biden landing in israel early this morning and met with israeli Prime Minister Benjamin Netanyahu. Nbcs jay gray joins us this morning from tel aviv. Jay. Reporter hey, there, good morning, guys. Yeah, the president meeting with Benjamin Netanyahu as you talked about and later today with the war council. Who hell not be meeting with is his arab allies. There will be no trip to jordan. That was something that was planned there. That was considered a pretty important part of the visit in that the president had hoped to talk about tamping down concerns that are growing right now over this becoming a much wider military conflict. You know theyre already growing escalation alord the border of lebanon. There have been casualties of soldiers on both sides. Israel
Amazon and a white shoe wall street firm with a noteworthy winning streak im melissa lee, coming to you live from studio b at the nasdaq on the desk tonight tim seymour, carter worth, guy adami, and danny moses stocks in the green with the dow jumping more than 330 points, extending its longest winning streak of the year to seven days the s p and nasdaq closing near their highs of the day markets are in a wait and see period cpi next week, nvidia earnings towards the end of the month so, while we wait for these potential catalysts, we thought it might be a good time to ask the traders what they see as their high eest conviction trad. Guy . Exciting time, guy. I was hoping baited breath stop it come on what is it going to be . That means the one i feel most strongly about. Yes, exactly. Gdx, melms. Why pull up a chart finally, the gold mining stocks are catching up to the underlying commodity, that, obviously, being gold. And gold has been under pressure until today, but you know what,
Enters a third day. The u. S. Is moving an Aircraft Carrier strike group closer to the region. We are watching wider diplomatic fallot as one report says iran helped hamas plan its unprecedented crossborder assault. Shery watching the wildcard in the oil markets. At the potential the conflict could spread to the rest of the middle east. Gains for oil prices on that potential up 86 per barrel for wti. Rent is past 88 per barrel after oil posted the biggest weekly drop since march. Iran is a Major Oil Producer and key backer of the hamas group. Though there is no immediate threat is applied. People are watching what will happen with the shipping on the strait of hormuz where tehran has threatened to close it in the past. I did the treasury space Higher Oil Prices could mean higher global government yields freed we saw the 10 year yield and 30 year yield at the highest levels since 2007 last week. We saw a little more stabilization through the week with cash treasuries closed monday for t
After the bell as it predicts a return to sales growth. Investors also liking the Dividend Increase and wider stock buyback. Haidi attention turning to fridays u. S. Jobs report for clues on rates and possibly a third japanese intervention this week. Annabelle plus, bloomberg reveals how blacklisted chinese tech giant huawei is secretly funding cuttingedge research in u. S. Universities. Haidi take a look at how we are setting up for this final friday session. It has been a petulant week both in terms of reaction to the fed, the big action we are seeing across pricing for the, but also a number of Public Holidays. Asian stocks are set to rise as really big tech those apple numbers set to lift some of those earnings of Companies Across asia. New zealand on the back in the early part of the trade. Chicago, nikkei futures looking pretty perky, about. 4 higher. We are also looking at when it comes to the next leg of what we see for chinese equities in hong kong, the a 50 china futures inde