Rishaad have a look at one of the biggest shows in town, a fairly benign set at the own see helping to propel the markets in the u. S. To fresh highs. Take a look at the bloomberg terminal, telling you how things are relatively calm in the u. S. Economy. Up, and keeping inflation trying to get to the 2 level over here. This has been hovering about 1. 5 . Somethingy we have like three Interest Rate hikes in store for the next 12 months. That is what is giving a little bit of optimism to continue the rally we saw in 2017. Haidi muchneeded support when it comes to the u. S. Dollar, just bouncing off slightly and sustaining gains. It was a threemonth low as of yesterday. , but alsoore hawkish u. S. Manufacturing. The best result in three months and certainly the best year for u. S. Manufacturing since 2004. We are getting that exuberance with 30 minutes out to the opening in hong kong. Hoping to see china markets joining in on the party. Sure. Playing catchup for off the first day of tradi
Party. And bitcoin. Well show you charts that will cheer those betting on a cryptocurrency crash. Betty it was quite chilly here today with that bomb cyclones blanketing the northeast. The natural Gas Producers quite warm and happy. A quick chart to show you where we are. Prices skyrocketing. Polar blast we have had today, and aiding in a winter storm. In a wintering storm. Youve really see the stress on the market. Some market paring back to the polar vortex back in 2014. How are you getting home tonight. Betty we will have to figure that out after the program. This winter blast did not keep investors away from equities. S p hitting records again. The dow adding on 150 point and nasdaq also higher as well. Tech stocks continue to rise. Onel stock down based growing concern over the security flaws in their chips. That is one we continue to watch. Yvonne stocks here on because of their best week in 6 months. New zealand kicking off flat and the kiwi at 71. 53. Australia just came under
This is Bloomberg Markets asia. Rishaad lets have a look at the big one. 189s bring up this chart, on the bloomberg terminal. What does the show . Unemployment rate. I refer to that because it is the big yoelater. At unemployment, Holding Steady at record lows, or decade lows, i should say. Seasonably adjusted. 4. 1 here. Wage, wet the annual ratehe unemployment go down. We go back to 2008, and wages are pretty high. Then, they plummeted at the Unemployment Rate went up. Around the 10 level. This is a fine line. Unemployment versus wage growth. More wage growth needed to engender some sort of inflation to take the inflation rate in the u. S. Higher. Likeng at that, something 8 30 hong kong and beijing time. Dont hold me to that. Im not sure. [laughter] haidi here in asia, it is pretty data light when it comes to the inflation. Reserves looking m at the impact. Global synchronized growth story. 30 minutes out from the open in china and hong kong. Singapore, thailand, malaysia, joining a
Hello from sydney where it is just past 9 00 a. M. We are one hour out from the open of asias major markets. It is just after 5 00 here in new york. Over the next hour we will be all the action will be playing into the trading day. It is fortunate were not seeing a lot of ripples in the economy because we have enough ripples going on in washington these days. That is occupying the headlines. Friday cameob data in below estimates but wages gained into did not disrupt the view the fed is on track for at least three Interest Rate hikes this year. S p adding on record gains, the , acceleratinggher up over 200 points. Tech stocks continue to be another bright spot in the market. That momentum we saw in tech stopping at17 not least in the first week of january. Haidi it has been a stellar start to the year. The question this week will be whether low inflation is a goldilocks situation and continues. It culminates in Inflation Numbers in the u. S. At the end of the week. In the meantime we ha
Asia. Rishaad we saw some tailwinds in the asiapacific, and it does it stop here . That question after asian stocks had their best week in six months. At what isa look going on here. Equities at record highs, but analysts seeing earnings season providing a further boost. Is essentially earnings per share coming through, and they are Getting Better and better. Companies had their profit estimates lifted by an average by analysts. Sts here for the rally to be sustained. Haidi whether this sentiment story or the fundamentals, it looks like earnings season looking buoyant as that gets underway. It is a big event risk week. , whether in particular that changes the narrative of the synchronize Global Growth story. China, cpi and ppi readings out of the United States after that payrolls number disappointed. Singapore, taiwan, and malaysia coming online. Lets get it over to sophie. Monday, momentum sustained in kuala lumpur, the index adding to the 1 gain last week, that building on decembers