Was 25 n the s p 500 better than average over the last month. We are waiting on the let us check of japan, as the pandemic puts more pressure on the economy already sliding into recession. Inflation numbers are due at this hour. Haidi lets check in on the markets. We had a pretty tepid handover from the u. S. Stocks edging higher. Volumes still below what we have seen over the past month or so. Very much a rangebound trading session. We continue to seek a new catalyst. We continue to see rising cases across the u. S. , driving the idea of a second wave. Beijing struggling with a second wave as well. Conflicting data not giving a great deal of intel as to what the future holds. We are dealing and upside on s p futures, up about. 3 . Nikkei futures also a little bit higher, japan weighing the frostburg of reopening. Also the potential demise when it comes to tourism. Sydney futures are a little bit to the downside at the moment. We could see a modest bounce at the start of trading here i
Annabelle we are counting down to asias major market opens. Paul australias just come online for trade. Traders are looking past a harder than expected u. S. Ppi reading to focus on less hawkish fed commentary. The latest meeting minutes, noting the risks of both over and under tightening. Israel forms an emergency unity government as officials indicate they are preparing for a massive military assault on gaza. Annabelle weve got the open of the asx 200. You can see a very modest gain coming through for aussie stocks. That is a sixth session hi. It follows the gains we saw in the wall street session overnight. What we are watching today essentially is a that story thats come through in treasuries, lower yields, being reflected in the aussie three year, the 10 year. The policy greenback, a little bit firmer aussie greenback, a little bit firm. Traders are taking heed of the dovish views coming through from the fed, expectation around what the fed does next and perhaps we will not see a
Angry birds, indeed. Sydney, where its just past 9 a. M. , this is daybreak. Friday, everyone ah, thank you. Its just past 6 a. M. Here in kong. I think betty is probably into second or third thanksgiving course right now, so im thankful to be filling in with on bloomberg daybreak this morning. Also want to wish a happy ourksgiving to all of viewers globally, of course. What a day yesterday its been pretty quiet out it really is china, front and center. Take a look at my terminal here. Rout,tarted as a bond spreading onto stocks right now. The 10year Government Bond yield, that sent them tumbling. In 17 months. I think its still too early to tell. Feels like 201516 all over again. But when you see a cell off cant help butu get flashbacks. Absolutely. Of the boom bust of 2015 certainly looms large for a that verywho remember vividly. But i was just talking to adam. 3 was like a really stable low volatility day when it comes to Chinese Markets, so weve come a long the support of chinese
The black friday search makes him 100 billion man. Hello from sydney where it is past 9 a. M. This is daybreak australia. Asiasan hour away from opening markets. And 5 p. M. In new york on the sunday evening, i am betty lou. To the mallst out and the shopping district. What is going to move in the markets come monday is going to be some of those retail stocks. Lets pull up the shares quickly. Amazon inns in anticipation of good black friday weekend sales. Paul, black friday didnt come with it came with some glitches. Macys had some problems online and walmart saw some of their sales in their physical stores. That will be the focus on the monday trade. Paul i have seen some doubters adjusting black friday stick black friday sales may top five alien, which is a record, and there is still cyber monday to come. Seem toasia it doesnt be feeding through to futures here. Over new zealand we have already gotten looking kind of fat desk looking kind of flat. The future of australias looking kin
Blockchain is shaking things up at oldschool giants. Inis now creating new life the stalwarts like ibm and oracle. Betty david, bitcoin was up, apple down, right . You saw some of that in asia yesterday, the apple suppliers getting hit on speculation about the numbers coming in far short of forecasts, in fact to 10 million shorter than what some analysts had predicted. I want to pull up a chart that you are familiar with. This is a 254. It shows you the Revenue Breakdown 8254. It shows you the Revenue Breakdown by segment and shows you how important the iphone revenue is to apple, but that decline we have seen a bit worrisome. This replenishment cycle really going to turn out to be the way apple believes it will be with the iphone x come or is 1000 the breaking point . David that is a lot of money for a handset. Betty yeah. David you look at these numbers and forecasts, you mentioned 10 million short. Coming out, may be shipping 35 million handsets in the First Quarter, still a big num