Giving equities a nearterm jolt. Seeing declines across the board. Hang seng off 1. 2 percent and the msci lurching to the downside as you can see from the getgo. A quick look at china benchmarks to see how they are doing. That tells you everything. I guests we had a bit of a gut check for those developers. Not out of the woods. Investors coming to grips that may be the authorities theyve been sort of taking a piecemeal approach. Perhaps they are getting it right. We dont know yet. Theres a feeling perhaps it is working to some extent given the long queues people had looking for properties in shanghai and beijing. Yvonne its amazing. The mortgage down payments, people just start lining up and they saw transactions that weekend was equivalent to what they saw in a month according to some local reports. What did that translate to consumption is another key factor as well. Its interesting to see with Country Garden. Today is the day, or tomorrow, the grace period of the dollar bond ends a
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. The treasuies rout intensifies and stocks struggle is hawkish ed messaging raises beds and another fed hik. Also ahead, jp morgan ceo jp diamond jamie dimon lays out his risks in our exquisite interview. There factors that would drive it higher than where it is today . A 10 year bond at four. 7 . Yes. Shery it is decision date for the rba, with economists expecting a hold with the first brit from their new governor Michelle Bullock. Take a look at how u. S. Futures are commandline, muted after star struggled for direction during the u. S. Session. We saw the s p 500 clawing back most of the lessons of the day just to finish unchanged. The nasdaq 100 actually outperformed in the new york session despite
Shery you are watching daybreak asia live from new york, sydney, and hong kong. Annabelle asia is major market opens. Haidi a big week with centralbank decisions in focus and the dollar is slightly weaker in monday trade. Michelle bullock is taking charge of the rba. Fresh tests ahead for Country Garden with deadlines for bonds. Shery u. S. Futures with a little upside after stocks fell in new york on friday. S p 500 had a weekly loss and nasdaq 100 fell 2 . We are watching many things including triple witching options expirations and anxiety over the fact we do not know how long the auto sector strike will continue and data showing new york and you fracturing unexpectedly expanded with treasury yields gaining across the board with two year yields holding at the highest level in 16 years and Oil Prices Continue extending gains over 90 a barrel after three weeks of gains already it is the supply outlook and reports we got last week including from opecplus that we might see a deficit for
Right down to the wire with an election that is too close to call. Be live in montgomery, alabama in just a few moments. We are getting breaking data on the jobs market in south korea. The november unemployment, jobs rate at 3. 7 percent, higher than what was estimated for no change for the unemployed rate at 3. 6 . Of masksss rate sort the big issues going on in south korea. Surface it looks good, but underneath we still have very high unemployment with the youth and a high parttime Unemployment Rate employment rate continuing to dog banks and the president , who is trying to put in Public Policy to bring the jobs market back in south korea come and that is likely, possibly going to have some effects on trade. Certainly will be when it comes to the fiscal side of things when it comes to south korean reforms from the president wanting to implement. Perhaps we will get those youth and implement numbers in just a bit. At asiake a look appeared pretty choppy when it comes to tax reform, u
Estimates in macau. Will this be another golden week for operators . Betty a lot of investors making their bets as well the u. S. Markets will continue higher. We saw that today. Might see this chart. I want to pull up g btv 1516, which shows you the Credit Suisse stop hedging index, otherwise known as the fear gauge. The lowest since february. Imagine that. This might geopolitical tensions coming upise what is from the headlines on tax reform, it looks like investors are pretty optimistic about the markets. They are not fearful at all, and you see the msci all country world index continuing to push higher. You saw that in the equity markets after the manufacturing numbers came out better than expected. Let us pull up the boards on that. Another record, up. 4 . The dow adding on 152 points. The nasdaq gaining ground,. 3 . No stopping this bull market, yvonne. Case. seems like the the big question is whether investors are pricing in more about reflation and the trump trade on tax reform