To see any sort of intervention in the session today . Did just get more jawboning, across from the japanese finance minister and even he seems to recognize that his comments at ba you, because he has put out a statement saying he is watching fx moves with a high sense of urgency as usual. Something he has said in the past but we will watch for a more concrete action coming through the end, holding above that 150 mark. It is really a function of the yield gap between the fed and the boj. You can see the 10 year yield just coming online fairly steady but at that level you are around six times higher than the counterpart in japan. The ggp 10year at yields. A stocks wise traders are focusing in on those bond market moves. And corporate earnings. You just mentioned meta but shares sliding and you can see that after hours move their down around 4 . The warning amongst others and on the economic outlook, so not a great lead into the session today. It is not just earnings in the u. S. There a
Youre watching deprecation coming to you live from new york, sydney and hong kong. Counting down to asias major market opens. Australia has just open for trade, the top stories this hour. Asian shares poised open higher after that this comes from fed officials, oil and gold Holding Gains in the aftermath of attacks on israel. Benjamin netanyahu says that retaliation has started against hamas as militants are warned they are prepared to kill hostages. Plus, xi jinping meets u. S. Congressional leaders facing criticism for chinas stance on the middle east conflict. Look at how u. S. Futures are trading in the Asian Session, not a lot of movement after we saw the s p 500 gained ground in the new york session. We did have Energy Companies really leading today given that oil prices were higher in the new york session. We are holding at 86 per barrel and they jumped more than 5 . We continue to watch the implications of a wider conflict in the middle east. Although the u. S. Has said that it
Midmorning reversal after the trading, and stocks gaining ever since. It is confounding, especially since the 10 year yield has remained higher. Earlys the highest since january 2014. If you willusing, recall, the selloff of stocks when it began a couple weeks ago, it was sparked by a higher in the jobsed report, which caused a spike in yields. Seeing that spike in yields, it is a different story for stocks. Over the course of the session as we saw stocks gain through the day. You see the lower open today, and stocks turning higher decisively after 10 00 a. M. And continuing decisively. , not just in stocks, but across the board, a more tone. N you see crude oil rising, and gold also rising, seen as an inflation hedge. It also goes up when people are looking for safety. Copper futures are rallying by 2 . Particularly when it comes to oil, the number at cushing was the key one. Total stocksushing falling from november by about half to where they were reported today. That is helping to g
Relationship, turnbull had for new york after what was described as the new president s worst ever call. We have world coverage here in daybreak asia, lets check Energy Markets and see whether chinas challenge to boeing and airbus is actually a threat. Betty and we will see if whether President Trump and australias Prime Minister can mend ties after that tends phone call this year. And come up Berkshire Hathaways shareholder meeting. Liu inive, i am betty new york. It is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. We have this capitulation in the commodities market. Betty the markets would have gained except for the fact we had oil prices really dragging down to some of these Energy Shares. Oil continuing to plunge lower and lower. Brighter for investors, the Health Care Bill passing the house, the senate, and whether it will be put into action. We have the big jobs report. Yvonne they are looking for a reprieve, not what they have seen in march. The fed
Asia. What happenedcuss on President Trumps first overseas trip. We will analyze that and figure out what that means Going Forward. It looks to be a quiet week as u. S. Come u. K. , and china markets closed. That ninth ofring the stigma still, but a lot happening on the data front. Speakers. Several fed atindeed, lets take a look Market Reaction. Markets closed on friday and unchanged on friday, a lot of economic members straight ahead in the u. S. , including housing, on friday. Looking at the market so far, the only market open is new zealand, a touch lower here. To be starting things next given how thin trading is likely to be today, but heading lower when it comes to the nzx 50. Lets head to australia real quick. We did see recovery after that group meeting. Pretty soft open for the aussie dollar, but looking to the upside on the asx 200 today. Japan, north korean concerns, but someof risk off strength for the japanese yen, 11. 22 ithave seen a pause when comes to this equities ral