Lisa abramowicz and Annmarie Hordern i am Jonathan Ferro. Your equity market positive. 4 . We will proceed carefully just like this Federal Reserve ahead of cpi. Lisa proceed carefully although i do dont know i do not know where the bias is in markets. Yesterday everybody seemed to disregard ppi and we got a rally in bonds regardless. How is this leveraged because people want to have a bond rally . Jonathan what a turnaround over the last two sessions. We have dropped back in two sessions. To see the 10 year lisa kathy jones put it well. There is something technical going on. I keep going back to what it means for broader markets and an understanding of what this market is. It is the deepest most liquid market in the world and it is whip sawing around by 20 basis points, 30 basis points more in a couple trading sessions. Jonathan we are fortunate to have Annmarie Hordern with us to work on the latest on israel. Antony blinken landing in tel aviv today and the Israeli Defense minister w
Be taking a look ahead. The kings return to royal life as he takes on around 300 new patronages, including some that were closed to his mothers heart. As prince harry prepares to return to the uk and, of course, its Bank Holiday Weekend. So were going to be talking to a retail expert about how you could bag a bargain. This may. Good morning. Its taken 22 years but ipswich are finally back in the big time as victory over huddersfield propelled them back to the premier league in the title race. Four goals for Erling Haaland helped Manchester City keep pace with arsenal as he hit back at family nemesis roy keane. More later , the mixed roy keane. More later, the mixed picture for the rest of the bank houday picture for the rest of the Bank Holiday Weekend, with sunny spells for some, but also some outbreaks of rain and also some showers. Ill have all the details coming up soon. Morning to you. Morning to you. Im Stephen Dixon and im Ellie Costello, and this is breakfast on. Breakfast on.
And tech. I heard you make a sound as this,. Guy it starts get a low confusing. Prices paid goes for 48. 4 to 43. 8. That is a big drop, disinflation in the system but then you look at the employment number that goes from 48. 5 to 51. 2. Back in positive territory. Also higher to 49. 2, employment looks good and the should be really good for corporates. The headline number look strong and that is probably the first takeaway. Abigail could we say this is goldilocks . We are talking to tim last month about trough thing. You had implement still strong and prices still low. Isnt that good . Guy in some ways. We are going to get instant analysis almost today because weve got a big interview coming up in just a moment. Alix we are still seeing selling across the curve, equities still a little mixed. Guy i mentioned the big interview, we should probably go to that now. Wait welcome our tv and radio audiences and need to take you to the leadership, taking place in london. Joined now by emily c
Shery you are watching daybreak asia coming live from hong kong that sydney. Annabelle were couni down to asias major market opens. Pa top stories this hour, asian shares falling as hawkish fred messaging intensifies. The trade the yen trading closer to 150. Two the dollar j. P. Morgans ceo lays out his geopolitical risks in our exclusive interview. If you go to 7 the answer is yes, are there factors that will drive it higher than where it is today, talking about the 10 year bond, now, yes. Paul investors are looking past teslas thirdquarter delivery miss as analysts maintain a bullish outlook. Anabelle thanks, paul. We are about to open. We will keep watching that as we get into the final, first few moments of trading. The direction of equities, are going to be determined by what happens in the bond space. In wall street session we will get to the details. Still, this selloff really starting to intensify here. Equities on course for some sort of correction. The 10 year yield trading a
Then you look at the rate story. If you look at it, you have a six basis move on the twoyear but its along the curb. The 30 year and the 10 year yield up about 89 basis point. The market is still grappling with the inverted yield curve. Jon its interesting on a day when you see weakness for broader equities to have tech outperforming after the nasdaqs recent weakness had left it moving towards a possible correction. Why is tech doing well today . Individual stories have been helping like nvidia shares moving higher. Goldman sachs with a conviction call on nvidia helping out today. We have seen bitcoin with a strong showing. Crypto shares have been rallying in general today with going best coinbase getting a lift with this singapore license. Analyst concerns have been weighing on the stock which is down 12 percent but nothing like smile direct club. We saw the chapter 11 filing we will see you if they continue filing with the possible liquidation being reflected to this 60 selloff in th