A smart new home could be introduced to this month. We have world coverage on daybreak asia, we will go to beijing for the Morgan Stanley china summit. Towill speak exclusively chairman and ceo gorman. Trick does apple have up its sleeve with this new home device . We will have details. This is daybreak asia, from bloombergs asian and american headquarters. Yvonne it is just after 7 00 a. M. Here in hong kong. Cpi breaking news from on the money. 2 for the month of may. A slight take up for the month of april. Core cpi is one to watch. We have been hovering around that 2 level for much of this year. The core cpi, which excludes oil and agriculture coming in at 1. 4 . A little more tame it. You have to factor in the low base effect, low Oil Prices Last year. Prices should stay up for some time. On the domestic side, demand is subdued. Should keep the bok on course to be accommodative. We will see how korea acts in an hours time. We start a new trading month in june. In new zealand, were
This years auction, raising money for the homeless in San Francisco again. Haidi hello, it is just past 8 00 a. M. In sydney. Betty it is after 6 00 p. M. In new york, i am betty lou. Maybe there might be inflation in terms of the bids for warren buffett, but there is much inflation in the jobs report from friday which led investors to believe may be the fed will not raise rates as fast as some expect it. We only get one, and it will come later this year. The nasdaq and s p all trading higher. Up 4 10 of 1 , the nasdaq also rising close to 1 . You had tech am, health care on friday leading the games. No surprise that financials took it on the chin. If there is fewer Interest Rates with tightening. That will not be a great margin for many banks. Haidi the low rate environment globally may be here for longer. But you have this interesting dichotomy. U. S. 10 years at bond rally continue to yielding. They are yielding to the lowest. U. S. Stocks near record highs. Look at how we are setti
Years auction, raising money for homeless in san francisco. This is Bloomberg Markets asia. We are live from bloombergs u. S. And asian headquarters. It is just after 7 00 a. M. In hong kong. Some breaking news crossing the bloomberg. South korea current account balance coming in, shrinking for dollars, a9 billion dramatic drawdown from may, close to 6 billion, also revised down to 5. 7 billion. That surplus is widening as well , close to 11. 9 billion. There are signs the south korean economy is doing well. Exports rising coming inflation picking up, so we will see how korea reacts in about one hour. Those meantime, devastating attacks in london over the weekend, days away from the u. K. Election, so we will see how this will impact the outcome. Will terror dominate what happens on thursday. Bull in thed to be a market knowing so much uncertainty lies ahead. Check out equities futures, how they are trading right now, this is the market close on friday. The futures right now are , adin
Miner and one of its top Power Generators talking about a 267r the could be worth billion. Rishaad noble facing another difficult day after its new york listed shares tumbled, it singapore listed stock at a 17 year low. Indeed, noble sure starting trading again, but lets start off with the big stories of the day. Sterling, the at election in the u. K. Taking place on thursday. What we have been seeing is that these terrorist attacks have not had that much impact when it comes to the polls, and indeed by influence, what is going on with sterling. Sterling has been beholding to the polls in a different sense. Show how as the labour party has been doing better in recent weeks, recent days even, we have seen of oars weakness for sterling. True when we had of course the pound weekend for the tories, so an inverse relationship if you will. It seems these terrorist attacks do not have a huge political implication running into that thursday poll. Side i suppose the other you could look at in t
Steady if unspectacular u. S. Growth. Haidi no change of the rba today, although there is speculation a rate cut may not be far away. The bank is increasingly out of step with its peers. Rishaad and apple finally entering the market for voiceactivated speaker. They are challenging established players like amazon and google. I love that whats going on with the Federal Reserve reserve. Expect them to hike rates next week. Looking at the reserve bank of australia as well, three and a half hours away from a rate condition there. One reason they are not looking at data or inflation is looking at the possibility of a recession. Lets bring this up. We had 8048. This is tracking the chances of a recession in the next year. They were higher in march. It was about 20 . Australia has not had a recession for two decades or more. It is now 15 . That will be key in their thinking. Haidi thats right. Fixation,the national 26 years without a recession, the rba will be willing to keep the track record