On friday, university of Michigan Survey showing deteriorating sentiment that sets the tone for Inflation Numbers due later this week and what it means for the fed. Japanese yen tracking a slight decline, firming up following two bouts of intervention, but today we are getting closer to the 156 level at this point in time, and also keeping track on whether that becomes a net negative for investors. Blackrock is the latest saying yen weakness could deter foreigners from Japanese Equities even though we haves seeing it be a big moose when it comes to export gains. Lets look at what is happening in korea. Trade data, we do get the 10 day trade data from south korea that drops. We are waiting for those numbers to come out, and exports gaining 16. 5 on the year. Not just for this region but korea a trading bill for the economy. Haidi take a look in terms of how we are starting to come online when it comes to that stagnant open in sydney. Market to coming off three weeks of consecutive gains
Mackenzie in london. Asian stalks as china will sell long bonds. Uscp are dated due out later this week. President biden set to quadruple tariffs and increase levies on Key Industries as washingtons trade battle intensifies and russian president Vladimir Putin replaces his minister, an unexpected changing of the guard. Lets check in on markets, a big week with focus on inflation on wednesday. You get earnings and wages out of the u. K. , some indication of whether the boj has a pass to go after european stocks point lower. Lets put the board to the cpi print out of the u. S. On wednesday. The twoyear is at 485, 125 on the pound, haiti five dollars a barrel on brent. Some tied to soft data, gold at 2354, lets cross over to asia where avril is standing by. What is standing out to you russian mark avril seeing a mixed bag as far as equities are concerned. Ahead of that we got china data on credit, things pointing to the fact that chinese authorities are struggling. The focus shifted to ch
Australia, im heidi in sydney. Im Annabelle Droulers in hong kong. At the top stories is our, a low open with the fed walking a tight rope ahead of cpi. Investors awaiting Economic Data from china and japan. Heidi inflation returning to target by year end. An interview with jim chanos in a minute. Annabelle President Biden quadrupling tariffs as a preelection defense of u. S. Workers. Haidi take a look at how we are setting up. Futures on the back foot. A sx 200, third week of gains following the games of the past few sessions with the data supporting the goldilocks scenario. Sluggish set up after a disappointing china data, heavy weight when it comes to the factors we look out for. Chicago nikkei futures are flat. China futures not moving much, but we got signs of slowing economy and credit data signals continuing weak demand. Industrial price extending the klein. Front and center is the credit shrinking for the First Time Since april as we see demand week in china. Annabelle a big qu
U. S. Futures down 6 10 of 1 . Normally a price move you do not see in the asia pacific save for events like we are seeing today. The dow futures, a substantial pickup. Coming off highs on vix futures. We dont have japan trading so youre going to get a lot of that in the form of going straight into these contracts. Since japan is closed looking at futures. The fact a dollar is stronger against Everything Else but the yen is stronger tells you the mood is yvonne do you go into a traditional haven plays like treasuries after the week we had or should we be worried maybe with oil prices being elevated there could be this third wave of inflationary pressures coming into the forefront . That is what the market is contending. You certainly are seeing where the trade is. It is oil markets reacting. Rishaad it has the traders looking at possibly a proxy where with iran taking place. Israel produces Something Like 320 million 20,000 three to 20,000 barrels a day. With the consumption of 236,000
Morning when the futures initially plunged. Thats a kneejerk reaction. It could change as the day goes on in part because of the wages. All right, so if you were selling, you must wonder, who was buying . Heres the thing, were going to stop you from getting played by these headlines and wall street group think. Got a great panel for that. Meanwhile, turmoil in d. C. Grabbing headlines, but the beast of burden is the debt load thats going to break the back of our nation. Weve got that covered from wall street to d. C. And the miracle fat loss drug, well, its changing the economy, but theres a morality aspect that is missing in the hype. Well cover it. All that is and so much more on making money. Charles all right, so the jobs report is out, and it is, by the way, it is not a strong jobs report. I dont care what you see on banners on this network, any other network. Its been wide hi reported to be strong. I dont think so. The headline number came in better than expected. Keep that in mi