2. 2 on the hang seng sessions. That should take us below the 100 day moving average. Jakarta, nothing much so far. It would take the trunk of Southeast Asian markets. We should be looking at some steep losses. Mse i china down to percent. We are watching out for that. The bonsall of taking place separately. We are softer in crude but it has not been solved for seven weeks of gains on this. Yvonne it is interesting. When you look at how the little space everyone has been pressing down the slowdown in china. Youre not seeing that and it will markets. We will demand in china is looking strong given the pent up demand in travel. Maybe that is the bright spot to the commodity space. Look at Country Garden, this is the story that keeps on giving in some ways. Your of Morgan Stanley same default risk is moving. All those gains we sell post politburo have evaporated. David s they are on the csi 300 which should be at 3800. What is the price target of Morgan Stanley . Yvonne . 75. David 75 mor
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. U. S. Stocks rebound as strong earnings roll in. Treasuries filing with fed officials signaling rates could remain higher for longer. Haidi volunteer shares turn positive on a higher profit forecast and billiondollar buyback. The company claiming Unprecedented Demand for its ai. Shery ubs of revamping its Investment Banking leadership team, while waving a plan to cut 200 former Credit Suisse staff in asia. U. S. Futures muted in the opening of the Asian Session after we saw stocks gaining ground in the u. S. Session. The s p 500 being led higher by Communications Services stocks and financials. After hours, we are also watching palantir, which at one point dropped 12 . Of course we had the buyback announcement really pushing the stock higher. But investors were initially re
Before we talk about markets. Ecigarette maker juul, which, pardon the pun, almost went up in smoke last year, bankruptcy. Were hearing the company is seeking to raise about 1 billion here and it is working with jeffries to do that fundraising effort. The company had a bite had about 800 million in revenue in 2022. The hot headline is they are looking for about 1 billion in funding there. We will get you more details later in the show. That aside, and smoking is not good for you just in case, markets right now, not really up in smoke but we are coming up to lows in the day. Were down for a third day. China opened up and is providing some left to these some lift to these markets. We will flash it on your screens in a moment. Down for a third day. Certain sectors are picking up the slack,. 5 to the downside still. But were stable here. You had a big drop in u. S. Markets overnight, you had a melt up on yields with a 10 and 30 year continuing to move up. We are now closing at 4. 10. It re
Stocks in asia in a Holding Pattern as markets look ahead to growth and inflation data due this week. U. S. And european futures pointing lower. Congressional leaders meet President Biden as efforts to avoid another Government Shutdown ramp up. Apple shares again as bloomberg reveals the tech giant is ditching efforts to build an electric car, as it pivots towards ai and mixed reality headsets. Lets check on these markets. There is a bit of a Holding Pattern. Bit of a mixed picture. You want the detail on the inflation story of the u. S. On thursday with personal consumption expenditures, the pce, the favored gauge of the fed and then gdp today out of the u. S. We will see if the revisions change the picture with 3. 3 currently on the board for the most recent quarter out of the u. S. Modest gains on wall street yesterday for the s p, ending higher 0. 2 . Still in the green for europe. We will see how that evolves today. Currently european futures pointing lower a little over 0. 1 . If
This is daybreak europe. Chinese property stocks surged as the nation rose for the support measures including lower down payments for homebuyers and loser mortgage rules in major cities. The msci asia index rises for a sixth straight session. U. S. Futures getting over the latest jobs data. Plus, the race to dominate the Global Market heats up. Mercedes im on latest concept cars. Thank you so much for being without this morning. Lets take a look at futures. It is a u. S. Holiday. We are seeing that the s p is off to its early off its earlier highs. S p futures are steady. Thank you so much for being with us. We are off the property sector. They are leading the charge today. You can see the shares listed in hong kong. Those are rallying on the latest property support measures. There is distress in the chinese property sector. Especially since over the weekend, we got news there hubs out of the major cities. They are tracking developers out of country garden. It is also said you have mad