The msci asia pac down at session lows. Taiwan the biggest earthquake in 25 years. Market still open which is a good sign for investors. A strong dollar story, it has a backward some of its workers from chip lines. Taiwan is important because it accounts for more than half of the worlds network devices. A strong fix yet again today. Lets get more on the impact of that powerful earthquake. Adrian, what is the very latest there . We understand there has been one fertility from the quake so far and that seems a blessing given the magnitude according to the government was the strongest in 25 years. The 1999 quake killed more than 2000 people. This hit on the east end of the island, relatively remote to taipei and the big at least 26 buildings, im not sure of the scale of these but some of them may be quite small, have collapsed, we understand. Risky efforts are underway to try to save those people who may be trapped. However, within taipei which was strongly hit by the quake, with building
Kriti good morning. Im dani burger in london and these are the stories that set your agenda. Asia stocks in u. S. Futures slide with disappointing earnings from metaat the tech giant warns of economic uncertainty. It sinks past 150 per dollar raising the risk of intervention. Banks are in focus this morning. Morgan stanley names their next ceo. Standard chartered drops on disappointing thirdquarter results. Bnp paribas earnings crossing this moment. We will break down the numbers and bring you interviews the cfos of both companies. We are live in athens where todays ecb Rate Decision is being made. President Christine Lagarde says the fight against inflation is not over yet. Third quarter net income for bnp paribas is a mess at 2. 6 6 billion euros in the estimate was for 2. 7 5 billion euros. Trading revenue is slightly lower. It is 1. 20 2 billion in the estimate was 1. 0 5 billion. Mostly it online but trading has been spotty across various banks. The cet1 ratio is 13. 4 , higher th
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
Not yet off the table. Meanwhile, the Treasury Curve flattens positivity. In fact, a real pullback, a real hesitation to dive into riskier euro stoxx 50 futures down about 7 10 of 1 . Ftse 100 futures right on their tail, down about 4 10 of 1 as well. This really signals this idea that, look, you do not want to be holding risk right now regardless of what part of the world youre on. Even if the United States often serves as a defensive bid today, it absolutely is not. You are seeing underperformance there. Nasdaq 100 futures down about 3 10 of 1 . That dynamic where youre seeing this kind of buy everything, sell everything mentality is absolutely afoot. And that is just the equity picture. I want to take you across. Asset here as well and talk about what is going on in the bond market, because there is a lot of movement there as well. When were talking simply about the changes going on in Monetary Policy pricing, two year yield at about 515, down about one basis point, the ten year yie
Dani good morning, welcome to daybreak europe. Lets get the top stories that set your agenda. The u. S. Bowing. Or for israel but not everyone is on board. Turkish president erdogan criticizing the move. Elsewhere treasury yields drop with some of the biggest margins this year and hope the fed may be done with raising Interest Rates. Plus we look at one of the biggest luxury goods makers in europe as demand cools, on the other hand the micro market for microchips may have turned the corner. We dive into the numbers. Those are your major market headlines. There are a lot of geopolitical factors, what is it mean when you look at the Bigger Picture . Simply the idea that youre looking at a drop in risk sentiment, it comes a little bit from asia but the idea of the geopolitical volatility right now, what is interesting is that europe did rally by a big amount yesterday. It might simply be a little bit of a paring back, remember we also got those sales numbers, the heavyweight in the euro s