Welcome to daybreak australia. I am haidi stroudwatts in sydney we are counting down to asias major market opens. Annabelle im Annabelle Droulers in hong kong. Stock investors playing it safe with age and futures mixed and wall street flats. 10year treasury yields falling for the first time in six sessions. An auction draws tepid demand. Arm shares tumbling out a lukewarm revenue forecast raising concerns of the Tech Industry ai spending three spree slowing. Xi jinping lands in hungary counting ties to Eastern Europe as a boon for the chinese economy. Shery breaking news for the account balance for south korea. The trade surplus number for march widening to just under 8. 1 billion u. S. We are seeing the current account surplus also there widening to 6. 931 billion as well. We have seen quite a big move over the past few months when it comes to the you want. Yuan. We are seeing a bit of an increase when it comes to net exports of goods. We have seen a decline in manufacturing services,
The yen hits a fresh 34 your low reaching 156 after the boj colds rates steady and tweaks its language on the bond buying. We bring you the latest reaction at head of the Governors Press conference. Wall street higher thanks to a boost from big tech, alphabet and microsoft shares surge on earnings beats as fuels demand. Hopes of dampened as the u. S. Economy slows well price pressures move higher, traders pare rate cut bets as the focus shifts to bce data out today. You put from the tech story certainly on the earnings front. We will break down the gun story as we lead up to the conference 7 30 u. K. Time. The opitimism coming through, alphabet coming through this first dividend ever and to Share Buyback as well, and it is proving both of these companies that their investments and i are now paying off. European stocks pointed up by. 6 of 1 . Ftse 100 futures as copper pops up higher on the session. S p futures building on the optimism around the tech story looking to gains of. 8 of 1 a
This could be the most expensive meal in history. Hello from sydney, im paul allen, this is daybreak australia. We are one hour away from the open of asia. Good morning to you, its past 6 00 p. M. In new york 5 00 p. M p. M. In new york. Over the next hour, we look at how the asiapacific trading day is shaping up. We have to look back at what happened on friday, there was both hope and fear just in the ups and downs of the trading day. You can see how it close in the red, down two point. 201 . It was lower because of what happened with mike flynn, saying he would plead guilty to at least one count of felony about lying to fbi officials, then we did see those pair of losses. We got the good that the tax plan passed through the senate. We are going to be looking ahead to what happened in mondays trading. I want to show you whats happening in terms of the Corporate Tax plan. The highest tax companies. Is the highest tax rate. You can see the fall when we saw the flynn headlines across. Sa
Probe makingrussia itself felt across the world. Have a look at gold. This is chart 6129. Fridayback into gold when the news came out that thatel flynn will testify President Donald Trump instructed him to reach out to the russians. We are under 30 minutes away from the open. Lets find out more from sophie. Could berustrating , today looking like. Afternoon,ndia this but looking at the moves in singapore, taipei, lets take a look at the open. A fairly mixed a session so far. For singapore, but some pressure for stocks. I want to show you this chart. This is one of the big moves so far this morning. Chart 6173, tax concerns outweighing the Michael Flynn drama. The 10 year treasury yield is climbing up of 2. 4 this morning. Even as the dollar is rising, we are seeing bearish dollar positions rising again despite the positive economic actual for the united states. Holding a the kospi threeday drop with the korean won under pressure. ,his is the yen is slipping 112. 78, and the aussie unde
Prompted widespread fears and borrowing has prompted collapse. Fears of and, information sought on accounts involved in the elections. We have struggled to hold onto the gains we saw earlier this morning. Today, the u. S. In the red. The only sector still up was technology, but barely. We had that rally, but tech lost ground based on some of the details on the tax reform bill. , want to pull up this chart 879. It shows you how investors have been anticipating the tax bill will be bearish for tech stocks. Shares underperforming since the end of november as more details that come out on tax reform. David it has become a real problem, especially in asia. We have been down for seven days. Four of those dames with the kleins of more than 1 . It has been a drag. Declines ofhose it more than 1 . It has been a drag. Lets look at markets in new zealand, kiwi dollar underwhelming. Gdp,straight come big day, rba Rate Decision not to do anything,. 1 . Yields lower, bonds up, aussie dollar unchange