Good morning and welcome back to bloomberg daybreak europe. I am kriti gupta in london. Tension simmer in the israelhamas war as President Bidens visit fails to win over arab leaders. The area signaling full backing when it comes to israel. The u. K. Prime minister begins his middle east war today as well. A selloff is underway in asian equities. Turmoil in the middle east combined with hawkish comments from the new york fed chief pressuring sentiment across the board. We will dive into the details. Earnings season is underway. Tesla reporting on earnings miss as elon musk dials back growth expectations. On the other hand, netflix soaring after hours in the u. S. Session following a pretty big boost to. Subscriber numbers we will hit the major european numbers as well throughout the hour. Theres a lot of crosscurrents to really kind of work our way throughout. I want to start with the broader picture and talk about futures trading. Risk sentiment is sour over in asia. Its not exactly g
11 basis points higher for your aussie 10year and we are ever so closer to hitting 5 for the u. S. Dollar yield. You are seeing a lot of the pain, the malaysian ring in the lowest since 1998. The south korean won, despite the bank saying they have to stay restrictive for some time. We are watching thailand and watching india, too. Rishaad absolutely. Having a look at what is going on in bangkok. That market just opening and having a look at what is actually happening. The index falling about. 9 at the start of the session. Looking at also the rupee in particular. Just off the day before yesterdays record low, so edging toward that as the dollar is marginally stronger. An fte futures indicating what is going on in the region and reflecting that. Not Much Movement for the but the bhat. Yvonne weaker home prices out of china. The middle east conflict weighing on markets this morning. President biden signaled his backing for israel as a vows to crush hamas, and during that 7. 5hour trip to
A good morning and welcome to daybreak australia. Annabelle i am in hong kong counting down to the market opens. Shery good evening. The top stories. President biden wraps up his trip to tel aviv signaling full backing for israel and supporting its claims that Palestinian Militants were to blame for the gaza hospital glass. The visit failed to calm concerns of the wider conflict. Oil rises amid calls for an embargo. Shery tracking the nasdaq after tesla and netflix post earnings. Take a look at those two stocks. Netflix rallying in double digits at the moment after we actually saw the biggest subscriber growth in years, actually raising prices for some customers in the u. S. , u. K. And france. Tesla under pressure, profit and revenue missing analyst estimates. Take a look at u. S. Futures at the moment as they come online in the asian session, gains for nasdaq futures given the results from those two companies but at the same time coming off the s p 500s worst day in over two weeks as
Here for the Hong Kong Market but not really coming through with the hang seng now down and we saw the whole region on the downside. Lets take a look at futures in the overall benchmark. Msci down three quarters of 1 and other future suggesting positivity. Things can markedly change. Yvonne so much on tap. Not just news flow but also u. S. Earnings, earnings for the region. Massive data dumps in china so certainly a lot at risk. Taking a look at oil markets, commodity prices, a flight to safety. Youre seeing that on friday. Not so much today. Look at the yield curve, treasuries are higher. Recovering from the drop of 10 basis points. Rishaad the yield can just move down and a curve steepening play going to make a comeback, thats the feeling. We have the fed at the forefront. Trying to pivot away from this layer of hawkishness suggesting that Interest Rates may not move but certain bits of data did contradict that. But of course weve seen volatility in the bond market continuing as well
Have just voted in in centerright government. Annabelle i am Annabelle Droulers in hong kong, we are counting down to asias major market opens, in australia have just come online. Shery i am shery ahn in new york. The top stories. Asian stocks set for losses, as the prospect of a ground offensive in gaza is large of a market. The u. S. Warns iran against escalating the war between israel and hamas. Washington and its allies stepping up efforts to prevent a wider conflict. And the baited administration is set to tighten measures to curb chinas access to advanced chip tech, adding design firms to a restriction missed. Adding design firms to a restriction missed. Annabelle asx 200 had just come online. We will see how it starts to trade. Really the focus as you said in the headlines is all around the flight to safety. It started to kick off in the session on friday. The question is whether it is extending into the start of another trading week given the prospect of another ground offensiv