Haidi welcome to daybreak australia. I am haidi stroudwatts in sydney where markets have just come online. Annabelle i am Annabelle Droulers in hong kong and we are counting down to asias major market opens and the top stories this hour. Wall street shrugs of another harder than expected u. S. Inflation reading, the data doing little to alter bets that the fed will cut rates this year. Haidi japan is set to unveil which negotiations. Annabelle australias Wine Industry is cautiously optimistic amid reports that china has proposed lifting tariffs on the countrys wine. Kicking off with some breaking data, south korea releasing its jobless figures for the month of february. That reading has come in lower than what economists had been expecting. The reading is 2. 6 . We are below the postpandemic averageyear of 3. 3 sort of seen as the National Rate of unemployment at least by, our Bloomberg Economics team. Importantly, the reading of 2. 6 is below the average for economists and even the ra
Paul good morning and welcome to daybreak australia. i am paul allen in sydney. Annabelle i am Annabelle Droulers in hong kong and we are counting down to asias major market opens. Shery good evening from bloombergs World Headquarters in new york, i am shery ahn. The top stories this hour. More humanitarian aid trickles into gaza as the death toll rises. Israel back to diplomatic efforts to get thomas to release hostages. Paul apple supplier hon hai says it is working with china following reports that authorities are conducting text audits and reviewing land use by its parent foxconn. Shery the yen is keeping traders on guard for possible intervention. Paul we are live in buenos aires as votecounting is underway in pivotal election, the countrys choosing any president as economic challengesmonth period take a look at how futures are coming online, we are seeing an upside after stocks fell in the new york session, extending the global selloff. We had the s p 500 seeing its worst week in
I am haidi stroudwatts. Annabelle i am Annabelle Droulers in hong kong. We are counting down to asias major market opens. Shery from bloomberg headquarters in new york, i am shery ahn. U. S. Warns iran against escalating the war in israel as washington and its allies step up efforts to avoid a widening conflict. 600,000 gazans have fled south ahead of an expected invasion. New zealand is set to have a new Prime Minister. Industries Government Faces an uphill battle for unity in the wreck of the field indigenous boys referendum. U. S. Futures coming online in the asian session, seeing an upside of about 0. 1 percent after u. S. Stocks were losing ground in the friday session. Markets were bracing for more geopolitical tensions in the middle east over the weekend. So we saw at bigtech selloff over the friday session. Treasuries give the ground. The 10year yield falling towards 4. 6 . That safe haven demand continuing as we brace for more volatility this week. Were also watching oil price
Among those saying 160 is in the sand you want to be watching out for. We look for jawboning at this type time of the day but no lines yet on that. We know japanese government officials are watching these levels closely and we heard from the finance ministers of south korea and japan saying they are seeing sharing serious concerns about the weakening of their local currencies. Weaker yen is a dynamic we know have been aiding japanese exporters in particular. Today we are seeing Japanese Equities a little higher to the open. A bit of a standout because perhaps most ever most other markets could trade in the had given what we had in the u. S. Session overnight. Today we are seeing japan move higher. We just had march exports data. The numbers from japan a little better than expected. A rise of 7. 3 percent on the year better than what economists had been expecting. Lets switch on and look at what is happening in korea so far as we come online. Korea is a little bit higher. It is interest
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