Bond traders price of fed rate cut one month earlier in november ahead of todays key u. S. Jobs report. Apple jumps after hours as it forecasts a return to sales growth. The iphone maker announcing a 110 billion Share Buyback, the biggest in u. S. History. In europe, the focus switches to banks with french lenders in the spotlight. Socgen reporting a profit beat as equity traders help lift results. A beat across the french lender. First quarter net income coming in at 1. 9 billion euros. Profits comfortably above the estimates of 1. 5 billion euros. Full year underlying net income at 6 billion euros. Rev knows for the First Quarter, 6. 8 one billion euros. Above the estimates for Credit Agricole in terms of some of the other details around this earnings picture. The Investment Banking side of the business also coming in with a beat. Upbeat in revenues, profits, in terms of the Investment Banking side of the business for Credit Agricole. The stock is up 13 year to date. The deputy ceo o
Paul good morning and welcome to daybreak australia. I am paul allen in sydney. Annabelle i am Annabelle Droulers in hong kong. 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. The treasuies rout intensifies and stocks struggle is hawkish ed messaging raises beds and another fed hik. Also ahead, jp morgan ceo jp diamond jamie dimon lays out his risks in our exquisite interview. There factors that would drive it higher than where it is today . A 10 year bond at four. 7 . Yes. Shery it is decision date for the rba, with economists expecting a hold with the first brit from their new governor Michelle Bullock. Take a look at how u. S. Futures are commandline, muted after star struggled for direction during the u. S. Session. We saw the s p 500 clawing back most of the lessons of the day just to finish unchanged. The nasdaq 100 actually outperformed in the new york session despite
Im nejra cehic in london. Were checking a third day of declines for european equities. The the stoxx 600 down. 7 . The bloomberg dollar index on track for its first weekly loss in a month. The dollar weaker against yen. The b. O. J. Pushing for more stimulus. Well talk about that more throughout the show and the new Zealand Dollar best performer in this session on the announcement of a new central bank governor. Perhaps that might not hold up with some of the data were going to get next week but thats how were looking in todays session. Coming up today on surveillance, we talk surveillance and get a take on markets later on in the morning. First lets get the first word news. Greenbrussels, giving the light for brexit talks to move on to the next stage. They have complied with their conditions over a future trade deal. Diplomats warned the discussions will be more difficult than the First Six Months of talks. In japan, calling for more stimulus, prompted the b. O. J. To adjust its commu
China out prices in in half an hour. 4898, it tells you what has been going on since 2006. The white line indicates firsttier city performance. We have had this massive runup in june 2015. Ever since, we have seen this fall back. It has been muted for secondtier and third tear cities. We have early data from china real estate showing a sharp rebound in tier one cities and tier three cities. Is the result of strict controls during the october Party Congress unwinding, so the possibility of a turnaround. All will be revealed after xi jinping said houses are for living in, not for speculation. The lastding day of week in this part of the world, singapore, taiwan, and malaysia kicking things off. Sophie the countdown to christmas, risk on for markets with the u. S. Tax bill passage looking likely. We have the Malaysian Ringgit and the won leading declines against the dollar, and the yen looking to test 113. We have u. S. Key Economic Data deck this week. Shares mostly climbing. The kospi l
Add cost, we are at 75 after two years. The yen source to a 15 month high. The new fed chair says he will push ahead with rate hikes despite the stop stock market route. Grows that zuma will quits today. His home was raided this morning and one brother arrested. He is denying calling a press conference. Than a half less hour away from the start of european trading. Thats take a look at futures after the markets closed down yesterday. We have a positive trading futures indicating gains at the open. We also have a positive trade on u. S. Futures indicating gains for the open and new york as well. Take a look at treasuries here. We have the threeday chart of the 10 year yield. You can see we are now trading at 2. 8222. The yield continues to come down on the 10 year. That may be some of the relief that you see in stocks. We could see some gains. Some more risk on activity at the open this morning. Lets get an idea of what will happen today. The futures uptick to a positive start. Take a l