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Paul good morning and welcome to daybreak australia. I am paul allen in sydney. Annabelle i am Annabelle Droulers in hong kong. We are counting down to asias major market opens. Shery good evening from bloombergs World Headquarters in new york, i am shery ahn. The top stories this hour. Takes birthday in two weeks helps u. S. Stocks again as treasury yields go higher and argentinian experts in freefall as a government deals with the political outsiders shaking up the election race. Chinas property prices affecting the listed industry. Shery we meet a man who could be taiwans next president. He tells us exclusively how he plans to reassure voters and maintain peace. U. S. Futures coming online slightly higher in the asian session. This, of course, after we saw u. S. Major benchmarks gain ground, tech leading the gains. It was a lowvolume session, not surprising given t ....
Haidi welcome to daybreak australia. Im haidi stroudwatts in sydney. Paul we are counting down to Major Trading opens this hour with u. S. Stocks at alltime highs in the runup to fridays drop support with jay powell saying the fed is not far from the confidence needed to cut rates. Dovish signals too from the ecb with Christine Lagarde suggesting lowering borrowing costs us soon as june. Paul President Biden to deliver his state if the Union Election pitch making the case for his second term and a likely rematch with donald trump yet haidi a right decision crossing the bloomberg now with perot central bank leaving the reference rate on hold at 6. 25 . The forecast from Bloomberg Economics was a cut. Nea ....
Between him and donald trump. The nikkei to 25 about. 5 higher than weve seen. And of rockets around the region really outperforming, including australia. Some intra incremental gains, the dollar yen has been interesting on thes expectations from the bank of japan. For impact when it comes to the japan equity rally, its been sort of a nonevent. Weve seen any attempts turning short on japanese stocks becoming increasingly risky. Shares of socalled lowquality companies have seen quite a lot of volatility on this Reform Program that has driven so much of the optimism toward equities. Watching on the back of that Political Risk aspect as well. Looking at korea, seeing a lot of foreign buying interest. Similar optimism that perhaps about your program can be successful and can elevate a deal with the korea discount in the same way weve seen it successfully done over the past few mo ....
Haidi welcome to daybreak australia. I am haidi stroudwatts ends in a emarketer just come online. Paul and i am paul allen. Big tech drugs wall street away from alltime highs as investors await nvidias earnings. Triggers starting to speculate whether the feds next move is a hike, not a cut. Haidi we and will works are among several Companies Reporting this week. Paul u. S. Warning allies that russia could deploy a Nuclear Weapon into space as early as this year. Lets look at what is happening in the markets, we have just opened for trade in australia. Early going. Scattered open. We are off by 0. 25 . We will be watching a lot of stocks today. Woolworths was out with earnings. The ceo is going to retire. He didnt have a great experience on local media this week, we will talk about that later. Rio tinto is one to watch as well, impacted by falling iron or prices. National ....
Haidi welcome to daybreak australia. I am haidi stroudwatts ends in a emarketer just come online. Paul and i am paul allen. Big tech drugs wall street away from alltime highs as investors await nvidias earnings. Triggers starting to speculate whether the feds next move is a hike, not a cut. Haidi we and will works are among several Companies Reporting this week. Paul u. S. Warning allies that russia could deploy a Nuclear Weapon into space as early as this year. Lets look at what is happening in the markets, we have just opened for trade in australia. Early going. Scattered open. We are off by 0. 25 . We will be watching a lot of stocks today. Woolworths was out with earnings. The ceo is going to retire. He didnt have a great experience on local media this week, we will talk about that later. Rio tinto is one to watch as well, impacted by falling iron or prices. National ....