Haidi welcome to daybreak australia. We are counting down to asias major market opens. A mix start ahead for asian stocks. Investors bracing for another busy week of centralbank activity and earnings headlined by nvidia. Also, rescue teams searching for irans president and foreign minister after the helicopter crashes in dense fog with conditions described as extremely difficult. Stephen we will have live reaction and analysis as lai takes his heart haidi tension regardless of how you characterize the relationship. Plenty of politics and Economic Data as well as essential Bank Decisions on tap. This is the picture as we set up here in sydney. We are looking higher. Stocks are set to climb more broadly across the region. U. S. Equities with a french fresh record high. We had some moves by beijing to shore up chinas property market. Some analysts say the housing rescue policy measures are too small to make a meaningful difference. A50 china futures looking pretty optimistic look at how u
If the conflict spreads to other parts of the region especially iran, it could immediately impact well prices because even though iran has been under sections for the last two years it has pumped well quietly and provided them to customers across the globe. The white house has turned a blind eye especially with the last year or two because its been trying to smooth relationships between iran and the western world. Now if the white house enforces the sanction that means the supplier from sanction that means the supplierfrom iran could be cut off and comes at a time when oil supplies have been tightening because saudi arabia and russia, the two largest exporters of oil in the world, also part of 0pec , have been reducing Oil Production by 1. 3 alien Barrels Per Day and will keep doing it until the end of the year. There is a good chanceit the year. There is a good chance it could continue into next year as well so if this happens and they will be a where there will be less oil supply, wh
Anna good morning, everybody. Bloomberg it is bloomberg daybreak europe. The market choosing to focus on the positive around level growth. The chinese growth story we covered in detail yesterday. The risk of a shutdown in the united states. Senate democrats may be in the steering seat for that one. Inflation, inflation, inflation is the big talking point this week, in particular today. Mex in here moving in the other direction, down one point 22 . Down 1. 2 . That is on a meeting taking place, opec and Friends Meeting in moscow over the weekend. Getting news there. The story around the bond markets and inflation, u. S. 10year yields at two points at 2. 6 . Trump thes shutdown inflation jitters . It seems the other way around. This is the demand that is 10yearthe 30year breakeven spreads, and this is a gauge of Inflation Expectations. Subzero for the First Time Since 2013. What is in the backdrop to this . Bond traders were clamoring to buy inflation protection. There was an auction. At
Exchange here on cnbc im wilfred frost. Im Courtney Ragan in for sara eisen nice to be with you, court. Lets check in on the market picture this morning we did get slight gains on friday and slight gains for the week as a whole last week. The dow led the pack it was up 0. 4 the s p up. 10 of a percent. A number of record closes. Walmart the big winner last week, up 9. 6 which courtney will have all the details on in a moment or so this morning we have stocks up 30 points on the dow fed chair janet yellen making the case for more rate hikes speaking at a weekends g 30 rate hike. They said it will warrant gradual rate increases she noted inflation has been, in her words, the Biggest Surprise in the economy similar message in turn that was struck in the minutes last week and its leaving the ten year treasury note below. Last friday we split them to 2. 28 and were just above that this morning on monday morning, 2. 29. Asia market news, we got some data out of china. Consumer prizes rose 1.
Bps shares rising nearly 3 on that news of a return to profit. Also in the programme. Well be getting the inside track on. How you turn one massage and spa centre into an International Business of beauty. As the head of The World Bank forecasts a dramatic rise of robots in the workplace, we want to know what could it mean for yourjob. Would you work with robots . Maybe you do already. Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. One of the worlds Biggest Energy companies, bp, has Just Announced its latest results for the First Quarter of 2017. And as expected its delivered much better news thanks to the rising price of oil and some effective restructuring. Using the oil giants preferred measure of underlying replacement cost profit, the First Quarter of the year came in at 1. 1; billion, a healthy improvement on the 485 million loss it made the same quarter last year. This year bp plans to sell off around 4. 5 billion worth of assets as part of a Gl