Approaching midmorning across the asiapacific. Session highs on the benchmark itself. We are looking at emerging markets index, the adage when china starts to go one way, that is where most things go. We are going the opposite way as far as the china story. At least the last 18 months or so, quite a rally that is forming. Weve seen this movie before. It feels a little bit more different when you juxtapose the amount of measures and announcements and pronouncements and promises that have been laid out the past two weeks or so. Whether the data at some point sort of moves with the rhetoric, yet to be seen because as we were pointing out the pmi numbers are underscoring the need for why we are seeing more of this out of beijing. Romaine the thing is we got the beige book, reinforcing what goes on in every Industry Group apart from essentially going out and traveling a little bit. Otherwise, a dismal sort of showing. Chinese people cutting back on everything but travel and restaurants, the
May be over. Money markets and economists split as the rba policy tightening cycle nears its final stages. Haidi china criticizes the biden administrations latest arms deal with taiwan as the latest military footprint in australia expands. Shery Standard Chartered doubles down on earnings buybacks after an earnings beat. We hear from ceo bill when terms. Futures in the Asian Session, the start of the trading day under trading week, not necessarily seeing any movement at this point. This is after u. S. Stocks rose friday. The s p 500 gained three consecutive weeks. We are talking a 19 gain this year already. It was helped friday by key gauges of inflation showing further easing. Americans grown more optimistic about the Economic Outlook and we have plenty of earnings this week. 160 nine S P Companies reporting. 11 trillion of my get cap included market cap including apple, amd. The 10 year yield finish and just below 4 on the friday session. Yields fell friday after jumping toward an ei
Nearly six weeks after the union began a walkout. And Morgan Stanley says it has its new future leader. Dont miss a first on cnbc interview with ted pick and current chief executive james gorman lets begin with the nasdaq which is set to fall deeper into correction territory the ndx coming off the worst day of the year. Now down 11 from the july highs. It looks like the mega caps are catching up to the decline of Everything Else i think theres an overwhelming sense that they all went too far. That they all got overvalued i do not share that. Well get to meta. These are not ultra expensive stocks, theyre a couple turns in pe. Theyve become major sources of fund i think its more correlated with the bond market than earnings yes, google did not tell a good story, it wasnt like they missed big meta, otherthan a few lines that were about meaningful spending, meaningful hiring and also obviously difficult to advertise when you have a wash, it was quite good. Now, the stock is down literally
Haidi welcome to daybreak australia. Counting down to asias makeup major market opens. Shery the top stories this hour. Treasury yields hit some of their highest levels since 2007 head of fed today. Instacart making davids cash gains on its trading day. Haidi oil prices are presenting the fed a quandary, adding to inflationary pressures. Shery indonesia ion of critical mineral trade deal with the u. S. As the green transition accelrys. We will hear from the indonesian president. We are seeing a little bit of green but not a lot of movement. We have the s p 500 down to a three week low. This on the eve of the fed rate decision. The expectation is for the fed to deliver a hawkish hold. This with the fact that we do have Higher Oil Prices, not to mention traders were watching hot canadian inflation data. For more clues of where global prices are going. Take a look at treasury yields which rose across the board. The fiveyear and 10year yields adding the highest since 2007. Youre watching w
MIT Technology Review s EmTech Digital set for May 2024 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.