Haidi you are watching daybreak asia coming to live from new york, sydney, and hong kong. Annabelle we are counting down to asias major market opens. Shery australia has just come online. President biden wraps up his trip to tel aviv signaling full backing for israel and supporting its claimed that Palestinian Militants were to blame for the gaza hospital blast, but fails to come concerns of a wider conflict with asian stocks falling the slide on wall street and investors digesting big earnings with netflix surging after posting the best quarterly subscriber growth in years, while tesla dipping after missing estimates. Annabelle this set of earnings, geopolitics are the two main things we will be tracking through the session today but we have the open of the asx 200 and you can see the direction in the early moments is clear with the drop in futures pointing to losses of 1. 2 so we will wait a few more minutes for it to come fully online in the session but really what we are monitoring
Speaking this morning ahead of the Imf World Bank meeting in marrakesh, ms yellen said washington was monitoring the potential Economic Impact of the escalating conflict. Well, let me say that at this stage, we are focused on human beings that have been affected by these barbaric attacks on israel and the suffering that it has caused. As President Biden said, we stand firmly behind israel and are there to support israel in any way that is necessary. And while we are monitoring potential Economic Impacts from the crisis, im not really thinking of that as a major likely driver of the Global Economic outlook. So we will see what impact it has. Thus far, i dont think we have seen anything suggesting it would be very significant, but of course we are monitoring Economic Impacts, as well. Joining me now is yael selfin, Chief Economist at kpmg uk. At this point the humanitarian but the economic effect will be heard around the world. Janet yellen saying she does not expect an Economic Impact b
Worst down by 1 the nasdaq off by. 6 . The s p down by. 50 lets take a look at treasuries now. You can see at this point the tenyear yield at 4. 68 yesterday on that data that we got at 8 30, the twoyear moved above 5 we have the pce number today squawk planner two reports before the opening bell chevron and exxonmobil in the next 90 minutes. You see two big interviews after those reports. Darren woods will join us at 7 30 eastern time this morning chevrons c, o mike wirth will be on at 9 45. Po we will get key Economic Data at 8 30. Core pce is expected to rise without food and energy. That is down from the february reading of 2. 8 . U. S. Secretary of state Antony Blinken meeting with xi jinping. He told xi there has been progress since the meeting with President Biden back in november there are still many issues that need to be resolved. The meeting comes as u. S. Officials have been raising concerns about chinas economic assistance to russia earlier in the day, secretary blinken me
Will come to do daybreak australia. I am in hong kong. A selloff on big tech in the s p 500 to is the lowest in two months. Asian equities break with key Economic Data out of china. Haidi israel vows a response after the iranian attack even as the u. S. And allies urge restraint. Annabelle Goldman Sachs surprises were a 28 jump in firstquarter net income defying expectations of a draw. Haidi looking how we are setting up an hour from the start of trading. We are looking like a struggle. No hurry to cut rates. We are seeing that uphill battle in this part of the region. That prolonged wait for monetary easing. Futures up by 0. 1 . We continue to see a surge in metals prices. Kiwi stocks down by 0. 6 . We are seeing it to flow as it heads toward the rbn target band. What that means for the Monetary Policy for central bank that was ahead of the curve. We do see the japanese shares falling in the previous session with these ongoing middle east tensions. And in the thick of earnings season
Labour claimed they can fund the Health Service and education by simply clamping down on those who dont pay tax. Who dont pay tax. Yes, most of us pay our taxes properly , but there are big properly, but there are Big Companies and quite a few individuals who really dont. Labour say if theyre elected, theyll be able to claw back some 5 billion a year from tax dodgers. But its much easier said than done. Said than done. And stop rushing kids to change gender. A landmark report will reveal very shortly that children who believe they are transgender may actually have Mental Health issues. So isnt it time we stopped allowing kids or even forcing them to make these life changing decisions. 7 these life changing decisions . Is a scorching britain or is it march the hottest ever . Apparently and the 10th straight month to set a temperature record, scientists claim its due to Climate Change and we need to act now. They say with urgency. Do we . That very heated debate ahead. I dont about rain,