There are a lot of Different Things and the messaging we get in the presser later this afternoon is it a one and done scenario or changing of the back and setting a new course for the direction of rates . The strength of the wage negotiation has been heralded by the government and economists and caught a lot of people by surprise and the question is if it trickles down to the Smaller Enterprises but today this is what we see the japanese yen Holding Steady and we expect it to stay like that ahead of the boj decision but equities a notch under pressure so far, they were benefiting from a weaker yen and we will see if that trend continues but lots of different areas and parts of the market that could benefit from the policy shift, banks, brokerages, smallcap stocks some of the things we are tracking here. Korea is coming online. The focus a bit of weakness coming through but we will be tracking tech stocks because we had tech news overnight, tesla saying they will raise the prices of som
Tom good morning, this is bloomberg daybreak europe. These other stories that set your agenda. Wall street notches up a new record high as investors shrug off hotter than expected u. S. Inflation with market still optimistic on fed rate cuts. In japan, the end strengthens at the Worlds Largest carmaker toyota agrees to raise hike demands from unions adding for the case for a boj policy shift next week. We bring you comments from the governor this hour. Plus, another big warning with volkswagen inditex all set to report. Lets check in on markets after a strong session for european equities. Fresh eyes for both the benchmarks in europe and the s p as well. Powered by the days that came through from oracle. Nvidia back with gains of 7 . In europe it was porsche that was the top gaining stock in the session. Futures looking flat despite the fact that the inflation printout was stickier and higher than expected. Ftse 100 futures in the u. K. Looking to modest gains of a 10th of a percent. K
Droulers in hong kong. We are coming down to asias Major Trading opens. Tech giants leading a stock rebound on wall street. Ai in the spotlight with apple in talks to build googles gemini engine into the iphone and nvidia unveiling its new processes. Haidi the rba is in focus with investors watching tuesdays decision for any sign of a softening in hawkish bias. Im Stephen Engle outside the bank of japan headquarters in tokyo. It is a momentous day with reports the central bank is poised to end the yield curve control and etf buying as hiking its key rate for the first time in 17 years. Haidi it is a busy day when it comes to the central bank docket. The bank of japan with steve in tokyo. Also watching the rba decision. This is the picture as we start out the staggered start to trading. We are seeing the asx 200 a 10th of 1 . We did co strike a stocks. Gaining higher financials and banks led the part of the gain. Modest gains. A 10th of 1 . A lot of caution as we did see the rebound in
Morning, good morning. This is bloomberg surveillance. Equity futures unchanged on the s p. Alltime highs off the back of a hotter than expected cpi report. Theres a difference between what economists expected and what the market was priced for. Making absolutely no sense whatsoever. Which one was it. Basically youre having people justify the story at a time when there are more than half of the components of the dutch them coming in hotter than expected. Theres a lot of seasonal issues with the fact prices reset. They can explain it away because the fed wants to cut rates. On the flipside it doesnt make any sense for the fed to cut rates if you see a reacceleration in goods pricing. If you see that in the other components of this index. Is it a fed thats going to cut rates matter what or is it stickier inflation people have to grapple with . Bank of america saying this, Service Inflation good surprise. You can take comfort from the discomfort of the latter. We are still on the down tre
Haidi welcome to daybreak australia. I am haidi stroudwatts in sydney where markets have just come online. Annabelle i am Annabelle Droulers in hong kong and we are counting down to asias major market opens and the top stories this hour. Wall street shrugs of another harder than expected u. S. Inflation reading, the data doing little to alter bets that the fed will cut rates this year. Haidi japan is set to unveil which negotiations. Annabelle australias Wine Industry is cautiously optimistic amid reports that china has proposed lifting tariffs on the countrys wine. Kicking off with some breaking data, south korea releasing its jobless figures for the month of february. That reading has come in lower than what economists had been expecting. The reading is 2. 6 . We are below the postpandemic averageyear of 3. 3 sort of seen as the National Rate of unemployment at least by, our Bloomberg Economics team. Importantly, the reading of 2. 6 is below the average for economists and even the ra