Good morning, this is bloomberg daybreak europe. I am Tom Mackenzie in london. It began in focus has japanese stocks of the most among some growing speculation the bank of japan will raise rates, it investors look ahead to u. S. Investor data tomorrow. U. S. President joe biden towards israel against invading the city of rafah, calling it a redline as ceasefire talks remained deadlocked. Aramcos 31 billion dollars gift, the Worlds Biggest Oil exporter ramps up its Quarterly Dividend despite loyal oil prices to plug a budget deficit. A bit of profit across the nasdaq on friday. We had jobs data, Unemployment Rate ticking up to 3. 9 , but broadly the jobs picture looking at a relatively resilient in the u. S. European stocks ended friday at a press record. European stocks pointing to losses of. 5 of 1 . The data focus is the inflation print out of the u. S. On tuesday. It is worth noting inflation out of china managed to take up in a recent reading suggesting the inflationary funk is sta
Today. Were going to preview whether targets results will hit that bulls eye. And later on the show, the Company Still trying to get workers back to the office and a looming reset of billions of dollars in commercial real estate loans, a health check on the sector from one of the biggest players in that market it is wednesday, august 16th, 2023 youre watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Lets get you ready to start the day. Breaking Economic News at this hour the latest snapshot on the state of the eurozone with Second Quarter flash gdp. Our london newsroom has the numbers. Good morning good morning, frank yes, so the numbers have just been hitting the wire now. This is the second estimate for the Second Quarter gdp coming in at 0. 3 quarter on quarter, in line with the initial estimates. No real surprise there annualized basis, were looking at 0. 6 year on year this tells you the eurozone economy did actually show
U. S. Equities will open higher 183 points higher. Nasdaq opening 107 points higher s p looking to open 25 points higher treasury yields sitting at 4. 011. The 2year treasury at 4. 79. We were down five of six days in the s p that is the case sdplchlt to see th z to see the markets showing the cp oi print. You think the mood is a mini bear i do totally. People are looking at this and the question is not a break in the trend, but how much of a break . Let me take cash off the table. I have been waiting so long. I dont mean the rally is over we were talking to different people 10 pullback would be healthy. Down 2 or 3 from the highs, yeah i thought it was tom lee who was talking about that 100point week now more choppy. I wonder if were in the chop. I think we might be. We have the key inflation data due at 8 30 a. M july cpi expected to rise. 20 on the month and 3. 3 for the headline for the year. We also have my personal favorite with jobless claims. Why is that your personal favorite
But what else we are going to be tracking in the session is the cautious tone thats going to be coming across from the wall street day. Given that as you said it is the countdown to those inflation metrics. The feds preferred inflation gauge. We have australian inflation coming out. And trading volumes have been pretty thin really over the past few sessions as we await those numbers. We are taking a look at the nikkei, unchanged at this point, but of course watching what is close to a psychological level of 40,000 points. Lets change on a look at what wells we are tracking. Korean markets just opening. You are seeing a little bit of positivity coming through but its very modest as well. Not Much Movement coming through either direction. U. S. Futures you can see again fairly steady. We did not have big moves for the broader index overnight. It was those individual movers that came through, some of the big tech for instance. A change of fortunes thereafter some of those names, but more
Cloud business well dig in to those results. Thanks. Checking the markets right now the dow is up 136. The s p up 14. These are about a third of a percent. About half the gains we saw earlier on, while the nasdaq is hanging on to its rise, and its been leading the pack all day. As tyler mentioned, check out amazon up 10 , nearly 150 billion in market cap added after its Earnings Report last night its also boosting other cloud stocks like data dog and snowflake, which are among them. Apple falling after posting sales decline for the Third Straight quarter there you can see there is snowflake and data dog apple down 3. 5 . But lets get right to bob pisani with the question we posed off the top. Is this the perfect goldilocks jobs report . The important thing is nobody is that worried about apple down 3 its the jobs report bottom line is job growth is slowing down but not too much thats what kelly means with goldilocks it was afine needle to thread, but they really did it on this jobs rep