Avril optimism fading, moving past the 50 day moving average, this is fueled by fed optimism. We also got a bit the tailwind for sentiment thanks to the homebuying restriction curbs being relaxed a little bit. But weve seen in the session of the chinese stocks have been swinging between gains and losses, although japanese stocks have returned from that long weekend and the optimism and state of play seems to still be boosting the stocks in the country. We be encasing keeping a close watch on dollaryen. We are seeing it moving back to levels would last saw on thursday, working off the assumption that there were two rounds of intervention last week. Well said that level coming through roughly help 1. 54 despite intervention coming through from the currency chief. Weve been focusing as well on the aussie as we hear from the rba in the next hour. Lets fit the board and take a look at how traders have been bracing for a Hawkish Central Bank, but we did get retail Sales Numbers that fell mor
Christian all brick ulbrich joins in just a bit. I am Katie Garfield in new york. Welcome to bloomberg markets. We have a green start to the week with the s p 500 up about. 6 . If you take a look at the nasdaq 100, we are talking about. 6 . We have another big week of earnings coming up, so we will continue to watch these lines. Meanwhile, on the bond market it is a quite start to the week, the 10 year yield unchanged following a big rally. We are sitting at about 4. 5 percent. One stock we are keeping an eye on is apple after Warren Buffett praised the tech giant over the weekend. He said apple is better than American Express and cocacola. Despite that praise, buffett revealed he cut his stake in the tech giant. He said a lot of things about several different companies. Sonali he did. When we come to apple, that was one of the biggest headlines because he did praise apple despite trimming his stake. He hinted at tax implications. If you are facing a 21 tax rate, he says your tax rate
Haidi welcome to daybreak australia. We are counting down to asias major market opens. Annabelle the top stories this hour, asian stocks set for early gains with the best threeday rally since november on bets of fed rate cut this year is still on the cards. Australias reserve bank looking set for a hawkish hold. Haidi and anz with a buyback is the first time i earnings miss estimates. We speak with the group ceo, Shane Elliott. Annabelle israel rejects the ceasefire plan backed by hamas. We check on how u. S. Futures are coming online this morning. We just come off the best threeday rally for stocks going back to november of last year. The s p 500 pushed above its 50 Day Moving Average in the prior session. It all comes down to a Solid Earnings season that has been driving optimisms and expectations at the fed will cut rates later this year. We heard from the citadel ceo about this. Take a listen. There likely there still question of will inflation accelerating up by then. Deglobalizat
for more of this energy hungry infrastructure. also on the show, we re going to get the view from the us tech giant ibm. yeah, they ve seen their demand for al skyrocket. so what are they doing to cut down on their carbon emissions? wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. artificial intelligence. yep, ai. it is everywhere nowadays. and the big tech companies like google, meta, microsoft, and now apple, they re muscling in to be at the head of the ai race, unveiling ever more sophisticated chat bots and other machine learning tools. but one aspect of the ai race that s perhaps not talked about as much is the impact on the environment. these language models, like chatgpt, are some of the most energy guzzling technologies. they need vast data centres to store the amount of data required to train the chat bots. so let me just show you some of the numbers. emissions from global cloud computing account for around 2.1%
Also raised. Very interesting cutting edge, well talk about that. An fda panel backed an experimental Breast Cancer drug. Shares of the company soaring, it was up 50 on monday in anticipation of this. The news came out now, another 26 . Meg tirrell will have details in a little while. Puma is good jumpers, we know theyre fast and can get up a tree. The name of the km is puma biotech, not a totally nonsec ter. Treasury secretary mnuchen making comments on the debt ceiling. Reporter thats right, he was testifying before the house ways and Means Committee and called on lawmakers to raise the debt ceiling before the august recess. I urge you to raise the debt limit before you leave for the summer. It is absolutely critical that where we spent money, that we keep the credit of the United States as the most critical issue. Reporter he said that he believes congress should pass a clean bill, meaning that nothing else should be attached to it. Thats already running into resistance from conserv