In some ways. The dax is rejoining the fray. The stoxx 600 up by 9 10 of 1 . Iron ore higher, steel higher as well. Auto stocks trading stronger as a result of germany coming back. The swiss market is into record territory. Some of haven bid and these properties doing really well, lifting that market. Pound is actually getting something of a lift. Vonnie on trade, no response from china to President Trumps warning that he will impose tariffs of 25 or higher on those 300 billion of chinese goods if presidency does not meet with him at the upcoming if president xi does not meet with him at the upcoming g20 summit. How serious is this threat . What will president xi and his of visors and his advisors be talking about . Guest the key to watch is whether this meeting between president s trump and xi takes place. We have seen President Trump signaling that he is very much wanting to meet with xi and that huawei remains an issue that could be placed on the table in exchange for some kind of t
And that it is financially insane to buy anything but an electric car. Hong kong is bracing for more mass protest as the extradition bill goes before them. Breaking news out of south korea. We have the Unemployment Rate coming in at 4 for the month of may. Slightly lower than was anticipated. 4. 1 . It is also lower than in the previous month, when we saw 4. 1 , the jobless rate. We have seen, when it comes in south korea, really strong growth when it comes public sector, jobs. The government trying to support the economy and working towards job creation. In the private sector, we are seeing some of that weakness. We are expecting budget coming from south korea to help job creation in the future. For now, the Unemployment Rate at or percent the month of may. Markets in asia are shifting up and go to sophie in hong kong. Some midweek caution may emerge after the best threeday gain for asian talks since january. Kiwi shares giving back some of tuesdays game. Game. Gain. Do bok is to rele
Rishaad this is what it is looking like for equities. No trading in hong kong. It is a public holiday. Looking at active futures for the chinese market. Overall asia is feeling at down 3 10 of 1 . We do have many investors taking the opportunity not to go to work as is the case in hong kong where they have no choice. S p futures on the way up after the deep losses we saw in the session friday on wall street. Looking at the nikkei 225 coming off the lows of the day. Action there, political in part. The ldp may have lost a special election seats. That would be a blow for the unpopular president at the moment. Looking at the bond picture, yields where they were we still on friday. Japanese 10 year yields grinding to the upside up to 85 basis points. Wti off as the middle east situation seems to be simmering. Perhaps the calm before the storm. 70 five cent move to the downside for new york crude. A lot is going to be contingent on what the bank of japan does at the end of the month. Haidi
Asia coming to you live from new york, sydney and hong kong. dear coming down t we are counting down to asias major market open. On worries of middle east tensions and higher for longer Interest Rates traders are on watch for yen intervention. Humanitarian aid trickles into gaza as the death toll rises. Aid may be delayed as israel backs diplomatic efforts. Theyre working with china following tax audits. Annabelle at the open of the asx 200 you can see we are in the red. Trading lower for a Third Straight session just tells you how much of an impact what is going on in the middle east is having on markets because the moves we have seen in treasury yields after stabilizing you are seeing muted action in the australian three year and 10 year and earnings as well because we are in the thick of earnings season. Betterthanexpected numbers coming out of u. S. Companies, were seeing the index moving in tandem which tells us again it is geopolitical concerns in the middle east, other parts of
Buybacks. And the paramount bidding war is in a new phase after skydance is in the rearview mirror. And now calling for change at the company as schultz speaks out. It is monday, may 6th, 2024. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to cnbcs Worldwide Exchange. We kickoff the hour with the s p having the best day since january. Futures in the green across the board. The dow would open up 77 points higher. Nasdaq and s p are firmly in the green. Investors are feeling bullish on the back of the jobs report on friday and what it could mean for the fed policy pathi moving forward. According to the fed watch tool, traders are betting on odds that powell has a move with 63 compared to a week ago. The tenyear yield is currently 4. 5 . That is pulling back 15 basis points. The twoyear note is 4. 8 . We have a look at the Energy Market and oil is looking to trade below 80 a barrel for wti. Brent crude is 83. 66. Both moving higher. Wti up 1 right now. Thats the