Markets have just come online. Grace we are getting down to asias Major Trading opens. The rally on wall street as traders look ahead to the latest inflation print for clues on where the fed reserve will go next. Quick satilla to assets. Bitcoin has tended to go for the first time in the debt after disappointing chinese demand. And President Biden lays out his budget plans as he gives out for reelection battle with donald trump. Lets look at the set up as we get into some trading here in australia. Looking for a pretty mixed opening across the region. A cautious session on wall street. And in inflation data. We are seeing pretty flat trading here in sydney. We are watching some of the commentary from the rba this morning. Talking about some of the caution. Quite a bit of caution across this area. Even across asia. Taking a look at the equity session. We did have the recession for australian stocks in a year ahead of the u. S. Cpi. That biggest loss all year potentially set to extend in
After the bell as it predicts a return to sales growth. Investors also liking the Dividend Increase and wider stock buyback. Haidi attention turning to fridays u. S. Jobs report for clues on rates and possibly a third japanese intervention this week. Annabelle plus, bloomberg reveals how blacklisted chinese tech giant huawei is secretly funding cuttingedge research in u. S. Universities. Haidi take a look at how we are setting up for this final friday session. It has been a petulant week both in terms of reaction to the fed, the big action we are seeing across pricing for the, but also a number of Public Holidays. Asian stocks are set to rise as really big tech those apple numbers set to lift some of those earnings of Companies Across asia. New zealand on the back in the early part of the trade. Chicago, nikkei futures looking pretty perky, about. 4 higher. We are also looking at when it comes to the next leg of what we see for chinese equities in hong kong, the a 50 china futures inde
Bloomberg. These are the stories that set your agenda. Hire for longer after the Central Bank Holds rates. Jerome powell keeps cuts on the table, with the timing is less than certain. Jerome it is unlikely that the next great move will be a hike. Tom the yen tumbles pairing a rapid rally on suspected intervention and a big day for earnings, Standard Chartered reports a profit beat. Shel and novo nordness report, but first ing. This is the news coming through, two and a half billion euro Share Buyback following a previous buyback. Rewarding investors with additional cash. In terms of net income, this came in in line with estimates of 3. 8 3 billion euros for the First Quarter it was a beat, the lender coming through with 1. 6 billion euros, ing added 99,000 primary customers, but the buyback of two and a half billion euros. I will be speaking to the ceo at 6 15 a. M. So stay with us. Reaction coming through from the lender. Markets are digesting what we heard from jay powell, no surpris
Dollars at a onemonth high. Road map begins with trumps tax plan and the president and gop moving on from health care set to unveil their framework. The dow looking to stop a foursession skid. Shares of nike are down this after earnings in the wake of the equifax hack Richard Cordray will join us live. The gop slated to release the framework of its tax reform proposal multiple sources saying it is expected to include a cut in the corporate rate from 25 to 20 higher than the 15 favored by the president. The pass through businesses lower to 25. Rates of 12, 25 and 35 the plan would also eliminate the deduction for state and local taxes and nearly double the standard deduction Child Tax Credit would be substantially increased, although in these early days, politico saying, jim, that top individual rate is still the focus of some delate abate and a surcharge for the wealthy. We have to wait and see. Those of us in highstate can calculate what a 35 to 39 drop and it is a bast to 42, 43 if y
Opener. Your world in 90 seconds. We are now at a critical stage, another attack may be imminent. There are still quite a lot of unknowns, but very worrying times. The uk Terror Threat remains at its highest level. We want people to be alert but not alarmed. We need to carry on with our way of life. The spirit of manchester is far mightier than the sick plot of depraifed terrorists. President trump visited vatican city to visit with pope francis. Its an honor to be with the pope. New subpoenas for general michael flynn. Former cia director john brennan speaks to the House Intelligence Committee. Individuals who go along a treasonous path do not even realize theyre along that path until it gets to be a bit too late. So now weve got russia, weve got health care and weve now got the budget rolling in. Add it all up. The trump budget is comicville. You have to have compassion receiving the federal funds but also for the folks who are paying it. People across the southeast are in for anothe