Trade deals in china. Hello from sydney. Just past 8 a. M. Im haidi lun. This is bloomberg daybreak australia. Betty im betty liu. After 6 p. M. Here in new york. We will be watching how all the action in washington plays into the trading day. Investors striking a bearish town today. The markets following two days in a row. Theres a lot investors will be digesting. Weve been talking about this all week. You can imagine every Trading Floor will be glued to the television when james comey takes the stand on the hill and testifies. That has dominated headlines as well today. Also, looking forward to the u. K. Elections. All that uncertainty leading to the declines you see here. As np down about 3 10 of 1 . The dow, off by almost 50 points. Tumble. Aking a slight again, setting you up for a softer open in asia. Haidi thats right. Thats not even counting what we get out of the ecb. We expected guidance from mario draghi. Markets are calling this super thursday, led by the potential for poli
Trade deals in china. Hello from sydney. Just past 8 a. M. Im haidi lun. This is bloomberg daybreak australia. Betty im betty liu. After 6 p. M. Here in new york. We will be watching how all the action in washington plays into the trading day. Investors striking a bearish town today. The markets following two days in a row. Theres a lot investors will be digesting. Weve been talking about this all week. You can imagine every Trading Floor will be glued to the television when james comey takes the stand on the hill and testifies. That has dominated headlines as well today. Also, looking forward to the u. K. Elections. All that uncertainty leading to the declines you see here. As np down about 3 10 of 1 . The dow, off by almost 50 points. Tumble. Aking a slight again, setting you up for a softer open in asia. Haidi thats right. Thats not even counting what we get out of the ecb. We expected guidance from mario draghi. Markets are calling this super thursday, led by the potential for poli
Isolation deepens. The white house says qatar should do more to tackle terror. Strengtheningmies , factory prices rising, so where is the inflation . Getting back to one of our top treasuries somehow chinese officials are getting back into the treasury market after the last couple of months. The previous eight months, they have reduced treasury holdings. Lets have a look at what is been going on since 2010, the buying program when it comes to the treasury market, and looking at this chart 9172. There we go. We have this move back up. Well, it has driven those yields further down when it comes to the u. S. Market, so sustaining the rally for the time being. Haidi thats right. Is that going to drive that you lower . We had that 10 year the lowest since just before the u. S. Elections last year, so we will talk about that a little bit more, a briefer spite when it comes to chinas buying interest. The other data point is this check of the australian economy, First Quarter gdp numbers at th
The march figure was revised slightly to 3. 17 billion, a slight revision upwards. The aussie dollar falling on the back of those numbers. Imports fell 1 . The big weakness was exports, down 8 . We did get a sneak preview of that when we have the balance of payments current account, net exports would be a big drag on gdp, and that turned out to be the case. Result,a disappointing ,. 5 to recap the big mess billion dollars surplus as opposed to the 2 billion expected. Rishaad i will get it from here. Of course we have the market open in hong kong could lets get the sophie. More disappointing data on the economic front for asia and japan. The aussie did hit a onemonth high with the gdp update, that basedgains looking capped on softer economic momentum. It includes the aussie dollar on course for a second week of losses. At the equities markets, the asx 200 still lower, down. 2 . Taking a look at chinese stocks, the shanghai composite down. 1 at the open. We do have a strong rebound on th
Lets start with the conservatives, fall seats from an over rolled majority. The pound touching at lowest level since april. Those were lies, plain and simple. Meanwhile, the former fbi director says President Trump lied. Accuses the white house of defaming him and the bureau. Says japan has escaped inflation but still has a long way to go. I am live from sydney, where is just after it 00 a. M. 8 00. We continue our coverage of the election and the countdown to asias first major market. P. M. Here in 00 london. I am guy johnson. I will have the latest result from the election and how that is playing out in the markets. Suggesting an inconclusive Election Results with Prime Minister theresa may falling short of an absolute majority. Just remember the exit poll is going to be changed and we are going to start to learn more details as we start to get constituency is coming through. We are trying to get the first in the northeast of england. We will track every twist and turn, there will be