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
Benchmarks here in asia. The nikkei to 25 expanding its loss to one point first 1. 7 losses. A sei being dragged bound down by tech in particular. Hsi down by more than 1 . Csi also under pressure. Evergrande. You will be talking more about that. Take a look at the fx space. We have the dollar consolidating somewhat but its a strong dollar story. Currently, pretty flat. Weighing on the taiwan dollar. Get down by 3 10 of 1 . The offshore yuan currently trading up by 1 10 of 1 . We talk about the yuan, you have to talk about the strongest fix on record in excess of 1400 pips stronger than anticipated. Clear messaging from the pboc, not letting up on support for the currency. Brent crude. Wti crude inching ever closer to 100 per barrel. Putting in place at inflation story yet again. You have to wonder how the federal react. Yields trending higher in the bond market. Similar to what we saw overnight. Lots of big swings for treasuries. 10year gilts in excess of 50 basis points before finall
Annabelle counting down to asias major market opens. Haidi asian equities set to open lower after wall streets biggest line in six months as the reality of higher for longer sticks in. The global. Australia hitting a deadline to respond to the regulators into end strikes at chevron export facilities. Breaking news crossing the bloomberg when it comes to the Australian Judo Bank pmi numbers. What we had seen was relatively sanguine data from australia despite the hikes. We are seeing the pmi composite number preliminary reading coming in at 50. 2. That is actually a jump from 58 for getting out of contractionary territory. A slight deterioration from 49. 6. Something further into contraction. The Services Component of that seeing an improvement at 58. 5. Quite significantly pulling back. Fairly steep in contractionary territory and now just expanding. Shery look at u. S. Futures. Early in the Asian Session after the s p 500 saw its first date march. S p and nasdaq 500 now on track for t
Shery you are watching daybreak asia live from new york, sydney, and hong kong. Annabelle asia is major market opens. Haidi a big week with centralbank decisions in focus and the dollar is slightly weaker in monday trade. Michelle bullock is taking charge of the rba. Fresh tests ahead for Country Garden with deadlines for bonds. Shery u. S. Futures with a little upside after stocks fell in new york on friday. S p 500 had a weekly loss and nasdaq 100 fell 2 . We are watching many things including triple witching options expirations and anxiety over the fact we do not know how long the auto sector strike will continue and data showing new york and you fracturing unexpectedly expanded with treasury yields gaining across the board with two year yields holding at the highest level in 16 years and Oil Prices Continue extending gains over 90 a barrel after three weeks of gains already it is the supply outlook and reports we got last week including from opecplus that we might see a deficit for
60 billion euros . Kushner says he does not want to jump the gun on any announcement about relocating the u. S. Embassy to jerusalem. This is Bloomberg Markets middle east. I am Tracy Alloway in dubai. Tracy most of the action still firmly in that u. S. Camp off the back of u. S. Tax reform coming down to the wire late friday night. The first opportunity a lot of markets are getting to react. The s p 500 futures picking up this morning, the bloomberg dollar index up, and 10 year yields up for basis points, almost completely reversing the fall we had seen friday during that big risk off day. Sentiment attached stronger. That u. S. Move beginning to feed through into that region. Lets look at how things are faring closer to the middle east. Wti crude the vti falling. Markets in dubai and abu dhabi were close, but saudi arabia is index up off of the rally and Oil Prices Last week. That was the biggest gain for the tadawul in two months. 0. 5 , bank up stocks leading gains after Internatio