Haidi welcome to daybreak australia. I am haidi stroudwatts in sydney where markets have just come online. Annabelle i am Annabelle Droulers in hong kong and we are counting down to asias major market opens and the top stories this hour. Wall street shrugs of another harder than expected u. S. Inflation reading, the data doing little to alter bets that the fed will cut rates this year. Haidi japan is set to unveil which negotiations. Annabelle australias Wine Industry is cautiously optimistic amid reports that china has proposed lifting tariffs on the countrys wine. Kicking off with some breaking data, south korea releasing its jobless figures for the month of february. That reading has come in lower than what economists had been expecting. The reading is 2. 6 . We are below the postpandemic averageyear of 3. 3 sort of seen as the National Rate of unemployment at least by, our Bloomberg Economics team. Importantly, the reading of 2. 6 is below the average for economists and even the ra
That dow ever close above 26,000 came after eight trading sessions youve seen four days this year where you have seen the dow going up 200 points or more. It only had six days like that last year. This morning futures are relatively flat. Dow indicated up 2. 5 points. Overnight in asia, china reporting Fourth Quarter gdp of 6. 6. 8 , bringing the 2007 gdp to 6. 9 we will get china bay book data at 6 30 a. M. Eastern time, independent Data Collected from businesses from china. Check out europe, where early trading is already underwa way the dax is up. In france, trading up by 0. 10 the treasury yield which we have been watching so closely, pushing above 2. 6 for the tenyear 2. 603 so we were at 25,000 and 1,000 points in eight trading sessions 1,000 on 25,000 is 4 think about 4 . What is every person say, sell side guy say coming on here. Mid Single Digits 4 . So either its more than that or there will be a lot of reversion of the mean. We did 4 already. I get a bit annoyed because its
Ipo for billion snapchat gives investors a new look. Ins the first day of trading the Lunar New Year in shanghai. The special Prosecutors Office wants to search the president s office, but according to text messages, the office says it will not allow prosecutors in for that search. That is what we have at the moment. Investigators have begun a search according to another headline. Not quite sure where we are. We will keep you up to speed. In kuala lumpur and taipei. David. Busy, busy, busy morning. When you look at what going to be happening in the next 1520 minutes or so, that could actually determine where we go. Lets quickly get through the open here in singapore. Up half of 1 . 142. 02 was the close last friday. Essentially, if we rise a little further or stay at these levels, we are poised for a week gain. Se sterling is what i am pound sterling is what i am watching right now. Session lows. There were some projections of inflation and markets started to digest those numbers and s
Rashaad the scandal that threatens the president has exposed to koreas cozy links with power. We are live in seoul. Investors counting down to crucial payroll numbers which could trigger a rate hike. Given a the u. K. Is brexit warning, it could take 15 years to clinch a trade deal with europe. The Trump Administration is told china is not to blame for years of lost american job. Clearly we are watching very closely those developments in deou seoul. Remember this protest we had that led to calls for the president to be impeached. Haidi we are seeing stocks around the region holding up pretty well. Goldman sachs saying the korean won has been the bestperforming currency up 5. 5 year to date but given that we have busy domestic if the Impeachment Vote is upheld and that means an election within xp days time, further uncertainty. Economic issues and Political Tensions as well with the north. Aheadof challenges regardless of what that outcome is today. Rashaad absolutely. Canill be learnin
To visit trump tower. The company will invest billions in the United States. Haidi and diamonds are one of rios best friends. Rishaad the dow headed to a fresh record high, s p within a whisker of a record as well. Haidi this is a reaction to the italian referendum, a very distant memory right now. Things seem to be getting shorter and shorter, these major selloffs after socalled black swan offense, but we do have his optimism, but obviously a big day in asia. A bit of a disappointing read on gdp on the Third Quarter in australia. Rishaad straight to the markets, heres david. David right. Quiet start of the day, but obviously we have the aussie gdp print. You have these lines out of the Financial Services commission starting to kick things off on whats likely to be a very busy some ofe of the go for these lines here, coming out of the south korean policymakers that have discussed ways in which they can alleviate the effect of rising yields. The dollar to debts of a lot of the south Kor