Wage negotiations, the initial numbers coming out with the likes of toyota, meeting all the salary demands. That is something lauded by the likes of the prime minister. It is something they would like to see and it is playing into the direction of the boj, thinking about if we see any move next week. Japanese yen strength has been waited on equities, and we are seeing it, a little under pressure so far, but we also had u. S. Stocks retreating overnight. Is that a countdown . We have more inflation data and ppi numbers as the last step before we get the fed meeting next week. No change expected but it could play into the language we hear from jay powell and the signaling out of the meeting. For japan, you do see the border index flat right now, but lets look at how korea is coming online, as well, so you can see that the kospi is pretty much flat, watching the korean today because as we discussed the last hour, the yuan to be tracking today because we do have the country and regulators
And company. Shares of Donald Trumps social media falling yesterday. The staggering stat on how much of value the former president lost in the wipeout. Our look at the best ideas for q2 and beyond. The magnificent seven member our next guest says will keep delivering returns to shareholders. Its tuesday, april 2nd, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us. Lets get you ready for the trading day ahead. We kickoff the hour of the check of the stock futures after the mixed start to the trading week. The dow and s p posting the neg negative. The dow would open up 170 points lower. We will watch that throughout the morning. And the bond market with the yields popping on the back of the pce report and hfmanufacturg data. This is more than ten basis points higher than yesterday from the premarket. Another thing we are watching and talking about during the market discussions and we are checking oil.
China out prices in in half an hour. 4898, it tells you what has been going on since 2006. The white line indicates firsttier city performance. We have had this massive runup in june 2015. Ever since, we have seen this fall back. It has been muted for secondtier and third tear cities. We have early data from china real estate showing a sharp rebound in tier one cities and tier three cities. Is the result of strict controls during the october Party Congress unwinding, so the possibility of a turnaround. All will be revealed after xi jinping said houses are for living in, not for speculation. The lastding day of week in this part of the world, singapore, taiwan, and malaysia kicking things off. Sophie the countdown to christmas, risk on for markets with the u. S. Tax bill passage looking likely. We have the Malaysian Ringgit and the won leading declines against the dollar, and the yen looking to test 113. We have u. S. Key Economic Data deck this week. Shares mostly climbing. The kospi l
, gainingets of today for the first thing and three, on track for the second weekly gain, best run since early november. 136, highest level since june of 2016. Day after the breakfast best run since december. Sterling falling the first three day of this week followed by continued signs of division over brexit, disappoint economic dating and the forecast 135. Rcb markets the most bearish, forecasting 1. 20. Vote, junethe brexit 23 of 2016, sterling finished the day at 1. 4877 and the next day at 136. 79. We are at 136. 87. Lets talk about gold. Longest run of gains and more than a decade, will jan benefiting from the weaker dollar attention to north korea and the middle east with gold futures headed for the fifth consecutive weekly gain and the longest rally permit twice 16, gold is at the highest level since september of last year and lets talk about russia investors had have been piling 122 million into the russia over the last five trading sessions, the longest stretch of inflows sin
Rishaad just looking at what is going on, you would think asian equities would be expensive relative to the u. S. They beat the s p 500. I want to bring up this chart. If anything, pricetobook ratio, and forward asiatoearnings spreads, stocks looking more attractive compared to u. S. Counterparts. Those spreads have widened to four. Nus there we have it. The rally could have legs. Fascinating its not just a more by you, but getting cheaper. Have not seen the political dysfunction in Washington Play out when it comes to the markets , and some jitters in the asian session. The last time we had a the lastt shutdown, three times, the s p 500 gained. Three, so wen day not just asian equities, but in the u. S. As well. Decisionsnk dominating the agenda, as well as u. S. Gdp. Sophie kamaruddin joining us now. Jitters. E do have asian stocks kicking off the session subdued. Japanese stocks are slipping as the boj policy decision is due tuesday. Lets check the open. We do have the taiex gaining