Major market opens. Paul australia has just come online. China ramps up aid for the economy, a higher budget deficit ratio and asian risk assets, in addition to easing treasury yields, trade is also mixed. Plus, japans biggest listing since 2018. Annabelle what i want to point out is that the Australian Market is sensitive what happens in china. New support measures coming through, Stephen Engle is here and well go through all the details in just a moment. This is an economy very reliant on what happens with china. The Golden Dragon index, that is the last close for that because it tracks u. S. Stocks around the chinese stocks listed in the u. S. But that was the best data we saw since the end of july. Just gives you an indication around how much investors are liking the latest support measures. Were also watching in the aussie session, the inflation focus in particular because we have cpi numbers in the next hour and the handle expected to take down, about 90 minutes from now. China i
A short time ago my colleague Sally Bundock spoke to a board member of the future Investment Initiative, matteo renzi, who was also Prime Minister of italy. He told her what the initiative is all about. Future Investment Initiative tried to offer a platform of dialogue, particularly in business and correctly you explained the quality. One point, european. 400 ceos from europe as well as china, discussing here the initiative that became one of the most attractive and brilliant possibilities of exchange. Last time was in the army the next time will be in hong kong but this is the pillar of the initiative of f at the same time, there are a lot of tensions in the economy so we need a new campus is the new title of this initiative. A new campus to understand what would be best for business and politics. Light to what extent is whats happening in israel and gaza are overshadowing this event now . I believe that everything thats happened in the last two years on the border is an unbelievable
Good morning and welcome to daybreak australia. Im paul allen. In about im annabelle. Cutting down to asias major market opens. Shery the top stories this hour, investors way mixed corporate results. Microsoft jumping up your First Quarter Sales Top Estimates while alphabet sinks as cloud avenue paul chinese stalks, lawmakers raise the deficit ratio as xi jinping makes his first visit to the central bank. Shery china removes the defense minister ending speculation over his status after disappearing from public view. Take a look at how u. S. Futures are coming online. Downside after stocks rebounded ending the longest slide in 2023. Corporate earnings and really a little bit of a push up because of forecasts from verizon and ge in a busy week, 15 trillion dollars worth of companies reporting. Treasuries were mixed. 10 year yield edging higher following intense volatility on monday. The bloomberg dollar index rising for the first time in four sessions, u. S. Business activity picked up i
Obviously lots on the geopolitical agenda for these leaders to talk about, hard to know how much of a Hearing Trade is going to get, but how receptive is the white house going to be two brussels but no concerns about electric car subsidies . I concerns about electric car subsidies . Concerns about electric car subsidies . ~. ,. , subsidies . I think what we are going to hear from subsidies . I think what we are going to hear from these subsidies . I think what we are going to hear from these leaders subsidies . I think what we are going to hear from these leaders when subsidies . I think what we are going l to hear from these leaders when they get together is all about the ways in which they are cooperating and working together very well, so as you say, they will point to areas in geopolitics, how they have responded jointly to rush as invasion of ukraine, how they are responding now to the situation in israel and the war with hamas. There will also point to areas of cooperation in the
Representatives, as well as representatives from northern command, because of their singular responsibility for pandemic preparedness and department of defense support to civil authorities. As well as a special operations command. They have responsibility as the coordinating authority for wmd related activities. It is not just an osd body. It is very much one that will , we hope, weve not met yet, but will have active participation from the services, from the combatant commands, so that it has that element of hearing from all parts of department, where are the challenges and what is needed to get after them. Im assuming, like most bodies like this, there is lowerlevel working groups that will feed into this on a regular basis and meet more often. Is e that correct . Yeah, why dont i ask richard and brandi to talk to that. Sure. Just briefly say is somebody who also cochaired the Nuclear Posture review, i think my colleagues, and dr. Vann and i served as the daytoday cochairs working gr