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
Johnsons here and boy, do we have some questions . The lead starts right now urgent action on the hill as Speaker Johnson finds a way to allow votes on aid to israel and taiwan and ukraine but its johnsons a forward that has his rightward flank in an uproar i dont know how much longer are members are going to tolerate the republican speaker . For that, we elected is it all just talk just johnson need democrats to be his lifeline. Ill ask the speaker himself here on the lead, plus more drama im on the senate, sayyed and Impeachment Trials underway democrats are trying to save Homeland Security secretary Alejandro Mayorkas, but republicans, well, theyve got their own plans and a brand new filing. Justin from the new york Hush Money Case a line of questioning that the prosecution may take if donald trump makes good on his pledge and takes the stand welcome to the lead on jake tapper and we start today with our politics lead and just 15 minutes or so, im going to be join live by the Speake
Overnight we had the big spike in treasuries. Certainly putting Dollar Strength into the story and putting pressure on a lot of asian currencies. The japanese yen is a true standout. We had seen the weak in helping some of japans exporters of late. Today though, that story is not translating. Youre seeing them move in the wall street session, weakness in the s p 500, closing down 1 . The nasdaq dropping, in turn, you see that reflected so far in the session. We also have to open for korean equities. We can see in the open here, a drop at the open. Its not just a story of you the u. S. Inflation print that came in hotter than expected. We also saw south koreas president suffered a big loss in the parliamentary vote and that is playing into the dynamic given the opposition gained slots. The president is looking to be in a weaker position for the last three years of his term. We just had some trade data. The first 10 days of april. We saw exports rising more than 20 22 percent, actually,
This is bloomberg daybreak europe. Asian stocks rally after betterthanexpected Economic Data coming out of china. Or support measures from the central bank there. Autoworkers striking at the largest carmakers are the first time in history as the midnight deadline expires. The euro flies as markets bed the ecbs 10th and latest rate hike could be latticed though the president will not confirm. A lot to digest and a lot of things moving the markets. We talked about the ecb but one of the biggest stories overnight has been the biggest ipo listing of the year. Arm coming out and surging almost 25 into their debut. This will be significant. It surged 25 . The take away is enormous. 10 of the company floated with softbank. This is giving a lift to the broader markets. You saw a 25 increase carrying a bid into tech broadly. The idea of futures showing the green on the screen we saw in early trading overnight. Euro stoxx 50 higher by. 7 led by the defense a bit. S p futures and nasdaq futures h
Bloomberg daybreak australia. The top stories this hour. U. S. Stocks game on bets the fed can pull up a soft landing. The euro slips amid signs that ecb may stay on hold following thursdays hike. Soren 25 on its trading debut, arm. U. S. Futures coming online in the asian session. Shery investors were really digesting strongerthanexpected numbers, strongerthanexpected retail sales, producer prices. Our consumers in the u. S. Doing betterthanexpected is the key question. S p 500 finishing above 4500 but the auto sector was under pressure today. Detroit carmakers are facing a threat of potential walkouts. Take a look at treasury yields because they were up across the board. We are watching the two year break even because investors are looking at the possibility of shorter term inflation so it expectations are growing. Above 90 per barrel in new york for the First Time Since november. It has to do with the supply picture later in the year. Arms trading debut, a jump of 25 . Closing at 63