System to unlock the new iphone and digital payments. Coming to you from bloombergs headquarters in new york. I am betty lou. Yvonne i am in yvonne man. Inflation data out of south korea. Pretty much a miss when it comes to the year on year figures. We have pretty much been around the 2 target for this year already. We are falling about. 1 . Not too much to be worried about. There has been a lot of centralbank hawkishness. Are they ready for some tightening as well . We heard from the governor last month. It could be well on track if this economy recovery continues here in we will see how that plays through. Betty it is interesting. We are paying so much attention to these Inflation Numbers. It looks like were seeing this global tightening trend. People are doubting fed tightening trends. The one who started it is now falling behind, perhaps. Yvonne more selective when it comes to data dependency. They are not looking for these recent inflation trends. Lets look at how things are playi
Hello from sydney. This is daybreak australia. Its just after 6 p. M. In new york. The markets were closed today. The fireworks have not started yet. We are still several hours away from that here, but we saw some fireworks over the last few weeks in the markets. The expectation is where are we going to see when the markets open up tomorrow . Are these tech shares going to sell off and what about the dance we see from various markets, except australia. A very interesting statement that came out there. Lets get a check on how the markets are trading that you have new zealand opening up their. A softer tone right at the open. Housing prices look to be finally cooling off in new zealand. On the flipside, in australia, household that had the rba worried and a lack of wage growth, which is why you did not see the iba come out and do anything on rates and seemed worried about hiking anytime soon. Dollar see the aussie fall slightly after that statement. Australianch if the dollars does stren
I am betty liu in new york. It is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. I am yvonne man. On southeaking news korea, their current account balance for the month of may, coming and higher than what it was previously, at 5. 9 billion. That is quite arise from the month before, 3. 9 billion. Going to help in terms of economic relations between south korea and the u. S. . It is continuing to be a rising account surplus, a thorn in the which has caused to say that the South Koreans are manipulating their currency, suckingexports out, that out of the United States, so to speak. Inse numbers, not goods terms of economic relations between south korea and the u. S. We have seen with headlines and north korea, they will have to work closer to contain what seems to be enough collating crisis in north korea. Korea t seems south i guess they have to deal with much more now, geopolitically, then politically. Comments from kim jongun, saying an icbm capable of rea
We have world coverage here on daybreak asia, we will be live in seoul for an update on the north korea missile test fallout. Betty and we go to detroit for is announcement that volvo going electric in 2019. This is daybreak asia, live york andmbergs new asia headquarters. I am in new york, it is after 7 00 p. M. Yvonne and it is just after 7 00 a. M. Here in hong kong. Lots to talk about. Much from president xi and chancellor merkel. But we are focusing on the fmoc minutes. A divided fmoc when it comes to the Balance Sheet timing. Betty absolutely, the timing is key. A lot was propelled by confusion or what is confounding fed officials, and economists everywhere, which is, where is inflation in the u. S. , despite seeing lower Unemployment Rate numbers . We are almost nearer full unemployment in the u. S. , yet no inflation. That is complicating the feds direct timing. Coming back from a long weekend, we saw the markets at first it dipped then they rallied with tech shares. We will go
Protesters tell leaders, welcome to hell. We have world coverage. Some harsh words coming out of germany. In seoul, Second Quarter profits should be coming up. Betty we are watching the g20 meeting in hamburg. We have will have insights for washington and across asia, what to expect from those talks and that meeting between putin and trump. This is daybreak asia, live from bloombergs usn asian headquarters. I am betty liu in new york, just after 7 00 p. M. After 7 00is just a. M. Here in hong kong. I am yvonne man. For markets, the stress has been in fixed income. Hawkish talk has brought stocks lower. Check out this bloomberg. You can see the tally what we saw overnight. Classes sold off, in tandem, for the first time in 10 days. This is the s p 500 etf and the treasury bond etf. Last time we saw these moves was 2013. Which has some wondering, is this the start of a taper tantrum . Betty which is exactly what the fed wants to avoid. Have been so careful to say the right things to the