Equity futures a mixed open in asia. A flood of corporate debt sales before the fed decision. Oil surge adding to inflation worries as saudi arabia and russia extend output cuts through the end of the year. Lets get a quick check of u. S. Futures doing nothing right now. We are well into september, but it has been the Labor Day Weekend in the United States so we only had two trading sessions in september. To say session was basically the s p down for tens of 1 . Traditionally some timber not a great month for markets. It is the worst generally unless they have already rally between 10 and 20 . Given that we have rallied, may be able not be so bad this year. We will have to see. Mike wilson says 3900 is where we will end the year. There are bears out there. Nasdaq futures pointing lower. We had bonds seeing yields rally 15 basis points partially because 40 markets Companies Went to market and sold bonds, so a massive amount of issuance that would have depressed prices somewhat. We had a
Bbc embarrassed themselves with their coverage of the israel story. This news gathering is story. This news gathering is not as easy as it looks. Perhaps gb news is the place to go after. All plus, at 10 00 on the button, my first on air reaction to the news that gb news the peoples channel has signed. Bofis peoples channel has signed. Boris johnson. My reaction on the hour of ten. So two hours of big opinion, big debate and plenty of entertainment along the way. It is friday night, so the way. It is friday night, so why you grab something why dont you grab something cold from fridge cold and fizzy from the fridge or and tear or fire up the kettle and tear open the custard creams . Its going to be a great show producer ive producer greg is back. Ive got a in my bones. Lots a good feeling in my bones. Lots to get through. First the news and armstrong. And Aaron Armstrong. Very good evening to you. Im Aaron Armstrong in the gb newsroom. The breaking news is out of israel tonight. The Is
Youre watching daybreak asia coming to you live from new york, sydney and hong kong. Counting down to the major market opens in asia. Australia has just opened, the top stories this hour, asia stocks extending losses within escalation of the middle east conflict and the feds policy outlook. Rates will still stay on hold while not withholding the possibility of a future hike. It does not feel like it is too tight right now, there is no evidence that policy is too tight. President biden set to deliver an address on the israel hamas war. Xi jinping calling for a ceasefire in his first Public Comments since the conflict broke out. We have the opening of the asx 200 at the start of the session, the first market coming online. What will be driving sentiment is geopolitics, and also jay powell kicking off what we heard from the fed chairman earlier, saying that they will not necessarily see a rate hike in november, but the outlook is a cautious one. And he says that the door is still open. Of
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
For all the stocks. Looking at where the aussie dollar is, 65. 7 two cents. when it comes to ethics. The yen holding steady. Brent crude is just shy of 84. The energy names across asia, concerns continue to weigh on the demand side for oil looking like we are setting up for the weakest week in Oil Prices Since february as u. S. Inventories way and i miss concerns about opec policy of maintaining their stance, impacting these concerns about supply and demand in the market, belle. Annabelle yes, and also we have at the start of trading for korea, as we come online this morning. Japan is shut for the public holiday. We are posting gains at the open. A bit of curry on one strand. The dollar having its weakest session overnight a bit of strength for the korean won. What is playing into the theme for korean equities and was can play into the sea is that apple numbers. Lets look at how the some of those supplier stocks are coming online this morning. We saw the jump in late trade in apples a