Paul good morning and welcome to daybreak australia. I am paul allen in sydney. Annabelle i am Annabelle Droulers in hong kong. We are counting down to asias major market opens. Shery good evening from bloombergs World Headquarters in new york, i am shery ahn. The top stories this hour. Takes birthday in two weeks helps u. S. Stocks again as treasury yields go higher and argentinian experts in freefall as a government deals with the political outsiders shaking up the election race. Chinas property prices affecting the listed industry. Shery we meet a man who could be taiwans next president. He tells us exclusively how he plans to reassure voters and maintain peace. U. S. Futures coming online slightly higher in the asian session. This, of course, after we saw u. S. Major benchmarks gain ground, tech leading the gains. It was a lowvolume session, not surprising given that august is a slow month, but a small tin can make a big difference. The russell 2000 of smaller stocks fall into a on
Asia. Coming to you live from new york city and hong kong. We are counting down to asias major market opens. Paul the top stories this hour, asian stocks poised for the next open with chinas july activity data ahead. Argentinian assets and in freefall with the government valuing the peso is a political outsider shakeup the election race. Chinas property crisis is rippling into the 3 trillion Wealth Management industry. Miss payments on Investment Products highlighting wide arrests. We meet the man who could be taiwans next president. He tells us exclusively how he plans to reissue voters and maintain peace. Shery look at how u. S. Traders are issuing. We are seeing outside after we saw major indices in the new york session gaining ground. Tech stocks leading the gain, seeing the best day in two weeks. It was low volumes across the board. We are talking about august as a slow month. Even small moves can make a big difference. The russell 2000, smaller stocks, falling to that onemonth lo
Good morning and welcome to daybreak australia. I am paul allen in sydney. Annabelle i am annabelle dollars in hong kong. Shery the top stories this hour. A risk of open ahead as blakes u. S. Signals complicate the picture of the next fed move. Goldman sachs selling in a rate cut for the Second Quarter 2024. Chinas economy showing few signs of a rebound. Suspending trading monday on almost a dozen onshore bonds. Shery in winners erased the bulls closing in argentinas national elections. U. S. Futures coming on higher in the Asian Session after a very volatile friday session closed at a onemonth low for the s p 500. It was a really choppy trading session. Really close to the 50 Day Moving Average that could signal more losses. We are seeing more upside in the asian open for u. S. Futures after the nasdaq 100 notched its longest weekly losing streak this year already. Of course investors are really trying to digest the mixed economic picture with easing inflation worries and consumer in
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
Youre watching daybreak asia coming to you live from new york, sydney and hong kong. Counting down to the major market opens in asia. Australia has just opened, the top stories this hour, asia stocks extending losses within escalation of the middle east conflict and the feds policy outlook. Rates will still stay on hold while not withholding the possibility of a future hike. It does not feel like it is too tight right now, there is no evidence that policy is too tight. President biden set to deliver an address on the israel hamas war. Xi jinping calling for a ceasefire in his first Public Comments since the conflict broke out. We have the opening of the asx 200 at the start of the session, the first market coming online. What will be driving sentiment is geopolitics, and also jay powell kicking off what we heard from the fed chairman earlier, saying that they will not necessarily see a rate hike in november, but the outlook is a cautious one. And he says that the door is still open. Of