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
Doesnt have a plan and will be a big risk. For example, we know the party wants to spend the labour party wants to spend £28 their plan. £28 billion on their green plan. Theyve hidden the price tag now, but they dont know how to pay now, but they dont know how to pay for it. That would mean taxes going up. Good news for motorists. The m25 in surrey reopened eight hours ahead of schedule after a weekend of driver disruption. Work began on friday to demolish a bridge and install a new gantry, leading to miles of tailbacks in surrey. It was the motorways first daytime closure since it opened in 1986. One person has been arrested for tragedy, chanting following Manchester Uniteds fa cup victory over liverpool at old trafford. A number of home supporters in the Stretford End were heard chanting murderers and always the victims towards liverpool fans, with the singing audible to the tv audience. The fa condemned the chanting and has vowed to liaise with police. Manchester united won the ga
Daybreak australia. We are counting down to asias major market opens. The top stories this hour, u. S. Stocks and bonds followed. Yields and treasuries ration the highest levels this year. Paul Central Bank Policy makers seeing significant upside risk which could require further rate hikes. Lets take a quick check on wall street. Some small gains here from the futures market. The day started out pretty well. The weakness piled up after the fed came out at 2 00 ands showed the vast majority saw more rate hikes will be needed. In terms of individual stocks, big tech names. In terms of china, the lack of china stimulus does far to return around a fallen stock market. This is also weighing on stocks. Treasuries lowest across the board. The twoyear got close to 5 . Parentheses, we started by looking at the british pound. Currencies, we started by looking at the british pound. More rate hiking as well for the bank of england. We are going to start the day looking at the dollaryen, up to 140
Lizzy good morning. This is bloomberg daybreak europe. Im lizzy burden in london and these are the stories that set your agenda. Rebound in china and hong kong healthstream losses but contagion fears mount over chinas property sector and sluggish economy. Divisions over a decision most fed officials see significant upside risk to u. S. Inflation, but two favored leaving rates unchanged. Plus, the one falls, shrugging off beijings most forceful guidance since october. The yen tumbles through prior intervention levels to near its weakest this year. Welcome to thursday. The two stories of the week have only gathered pace. First the fed looks like it will keep rates higher for longer, that narrative strengthened by the latest fed minutes and strong u. S. Seco data. November pricing picked up slightly and investors are selling treasures. The Market Outlook for 2024 is its most hawkish yet. Twoyear yields hovering around 5 . The 10year at levels last seen in october. Yields continuing the ri
Authorities say they expect the death toll to rise significantly. Wildfires are still burning and firefighters are working to bring them under control. These pictures are from the us national guard, which is providing assistance. Hawaiians are donating supplies to be sent to the worst affected areas. But locals on the island of maui say much more help is needed. Hawaiis governor gave this update a little earlier. It is a harrowing sight in maui. When those providers, the police in this division, do come across scenes in houses or businesses, its very difficult for them because they know ultimately theyll be sharing with our people that there have been more fatalities. I do expect the numbers to rise. Questions are now being asked about whether hawaiis Early Warning systems were used, or if they malfunctioned. The states Attorney General is conducting a comprehensive review of what happened. Our correspondent, sophie long, sent this report from maui. The fire left more than a city devas