I am tom mackenzie. Japan lead stocks higher in asia as the boj headlines have big we of centralbank decisions. Its negative Interest Rate policy likely to end tomorrow. Chinas factory output and investment grow more than expected showing stimulus measures are helping, but consumers remain cautious. A defiant Vladimir Putin warns russia will not be stopped from pursuing its goals after sweeping to victory in a tightly controlled president ial election. Lets check in on these markets, a solid session in asia bolstered by the gains in japan. The nikkei rallying on convictions that the yen will not strengthen that much even if a rate hike comes through. The first hike since 2007 ending the negative Interest Rate policies. The expectation from boj watchers is it is likely to happen on tuesday. European futures pointed to. 2 of 1 . S p futures pointing higher by. 5 of 1 . The number of cuts for the fed just under three. Nasdaq futures up. 5 of 1 . We are watching the apple story with bloomb
We are down on the hang seng index, jakartas coming online. We are also seeing u. S. Futures starting to also point lower. We have a series of data points, we should be watching out for trade numbers, inflation is out tomorrow. Im wondering if the market is starting to sniff out a soft inflation number. What is top of mind for you . Yvonne yeah. You mentioned what is going on when it comes to the macro picture. The whole recession debate in the u. S. Is lingering in the bond market. You have the likes of goldman, Morgan Stanley saying, save the move we saw last week that was a bit overdone and by treasuries, its a sign that that may be what we saw was a bit too far. They are talking about going bullish when it comes to the fiveyear for jp morgan, going along when it comes to 30 year tips. They are seeing signs that maybe we are not really the news did not really drive it. The boj was tweaking, the downgrade on u. S. Debt also all of which is what goldman is saying is not showing meanin
There is the nonevent on your screen visually if that is even possible. U. S. Futures slightly higher about four points as we approach the midmorning parts of the session. Still tracking developments across Country Garden, or the lack of it, and the payments that we believe have yet to arrive on this coupon payment. Down about four. Guys, were looking after the three year bond option it is a 10 year yield coming up next. I believe it is thursday or Early Morning our time, but that is relative because we are all over the place. Yvonne overnight it was well received but when you take a look at where yields went, actually went lower despite all these auctions taking place. It is an indication of how there is trepidation in the markets. Given the china slowdown. The trade numbers yesterday was what triggered a lot of the selloff in stocks. Then you have this inflation picture. Yes it is better than expected in terms of cpi prices but overall both and contraction for the First Time Since la
Im kriti gupta in london. Tensions in the middle east ratcheting higher after hundreds are killed in a gaza City Hospital blast. Hamas and israel trade blame. President joe biden is set to arrive in the region but will no longer meet with the leaders of jordan, egypt, and the Palestinian Authority after they all pull out a vase of it. A summit. Country garden on the brink of its first default and says it is unlikely to honor offshore payments on time which will feed into concerns over chinas Economic Outlook despite betterthanexpected data. The idea that markets see different crosscurrents and china at the core of it. You are seeing the chinese trade of low volume. A quick check on futures. Risk sentiment is decidedly lower against something that will be coming off the asia session. Your stoxx 50 futures down 0. 3 . Euro stocks 50 futures down 0. 3 . You are not necessarily saying a defensive bid. Nasdaq 100 futures down 0. 2 . Asia is setting the tone for this mornings grade. Trade. T
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