Haidi welcome to daybreak australia. At the Parliament Building in wellington as we count on to election in new zealand. Annabelle we are looking ahead to asias major market opens. Shery good evening from uber headquarters in new york. U. S. Stocks and treasuries fall after the latest cpi figures boost to pets another fed rate hike this year. President biden set to make a formal request for more foreign aid next week as israels war with hamas rages on. The u. S. And qatar are holding off a disturbing 6 billion in funds to iran. Haidi we are live in wellington ahead of the vote on saturday. The polls showing new zealands Main Opposition Party is poised to form a centerright government. Australia looks likely to reject an indigenous voice to parliament after a campaign that has descended into division and allegations of racism. Shery u. S. Futures coming online in the asian trading session. Muted after we sell stocks and treasures falling in tandem today. We had bank stocks also underper
Market shares. Unicredi, i, it is in the g and raising guidance for the full year. Its a record. Its the 13th quarter of profitable growth. We are getting ahead on profit for the year. In addition to that, we had a positive surprise on systems in charges. We are 200 million better than expected. Infinion cuts the fullyear forecast, but details the cost saving program. We have to confess compared to the previous fullyear guidance, we had to lower our expectations. Previously, we were guiding for 16 billion in revenues. Now we are guiding down to 15. 1 billion. Energy complex quarterly profits fall, but the giant still confirms a 1. 7 billion buyback. Good morning. Welcome to street signs. Taking a look at the European Market right now. We are seeing a green day across the board. We are looking at ubs which has blown past estimates with earnings per share at 52 cents. More than double expectations and reporting net profit at 1. 8 billion. Silvia has more from zurich. Silvia. Reporter goo
Surveillance, on tv and radio, alongside tom keene, and lisa abramowicz. I am jonathan ferro. The equity market on the s p up by 0. 5 . I think we can call this a month to forget. Tom in and a quarter to forget as well. The same tensions we have seen off the week. I will go back to something we said months and months ago. The acclaimed black swan quantitative finance expert, taleb, said the gravity has returned to the market. It was a great september. Jonathan it could stronger in the market. What a range we have seen. The high yesterday 4. 6 861 on the 10year yield. This morning, 4. 54. I am not sure what that is based on. Lisa a maybe we got softer than expected inflation out of europe and very little in japan that did little for the market. I am curious how much we are looking at out of the market. Suddenly bond markets are what issuing showing the volatility normally associated with different asset classes. Tom i dont know what we had in the hd block. I am certain in the first bloc
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,
Well give you a check of the picture in a moment. There you go shanghai up 0. 50 . Trading under way there for a number of hours. The dax is up approximately only over in france, the picture, negative at this hour. Treasury yields much in focus this week. 2. 60 on the current year and above that level at 2. 65 that is the one to watch were certainly watching that. 2. 60. You can round that up to 2. 7 right now. You can round that up to 3 a lot of people say thats the next stop. The question is at what point does that put more pressure on equities and minds of investors as the rates are going or the bitcoin, to lose money on bonds, i got to get into the stock market except, well see what happens from the equity market from there quite frankly, every piece of low rates have been great for the equity markets apparently rates going higher are great for the equity markets. Thats the dogma right now what point do you get, as ive sort of been saying the full capitulation of Bond Investors whe