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Youre watching daybreak. Asia coming to you live from new york, sydney and hong kong. Were counting down to asias major market opens the top stories this hour. Asian stocks set to follow wall street lower as strong us retail sales signal rates may be higher for longer. Dollar strength sinking apac currencies to this years low decision day for the reserve bank of new zealand. With cooler inflation and higher unemployment supporting another hold. Plus, china said to mull cutting stamp duty on stock trades as defensive reaction to a surprise rate cut shows president xi facing more tough choices. Lets take a look at us. Futures now down. The stock market had kind of a tough day today. Were seeing now some green on the screen. However, just basically still pretty much unchanged. And in fact, the the feeling here was that retail sales in the us stronger than expected. Why wasnt that good for stocks . Because Neel Kashkari, part of it at ....
Haidi welcome to daybreak australia. Markets have just come online. Annabelle im Annabelle Droulers in tokyo. We are coming down to asias Major Trading opens and the top stories. Traders await jay powells congressional testimony and the u. S. Jobs report. Elon musk using the worlds richest person crown to jeff bezos as tesla slumps. Paul also ahead, haidi also ahead, the Supreme Court puts an end to attempts to keep donald trump off state ballots. Im Stephen Engle in snowy beijing for the opening of the National Peoples congress. An openin a warning not to invest in china underscores the leaders. Haidi we have breaking news to kick off the hour. South korea gdp numbers coming through on the bloomberg. We are ....
Asia where we count down to asias major market open. Haidi apples sales disappoint overshadowing record Quarterly Services revenue. Amazon gaming after the bell as the outlook beats the street. A risk off following a slump in u. S. Stocks and bonds focus shifting to fridays jobs report for clues on the feds next steps. Donald trump pleads not guilty in a washington courtroom on charges of trying to obstruct the 2020 president ial election. It election. We are getting news when it comes to singapores ocbc reporting Second Quarter net income of 1. 71 billion sing dollars. A little shy of 1. 7 4 billion. Being declared of 40 sing cents. Net interest margin at 2. 26 , the estimate was for 2. 25 . The common equity tier one ratio sitting at 15. 4 . Noninteresting cover, one point z7 bion sing dollars, a little bit of a beat on expectations, total income at 3. 6 billion be on e ....
Welcome to day break australia. Im haidi here with paul. Paul jay powell reinforcing the feds wait and see approach. Oil extending its rally after opec plus sticks with current supply goods. Haidi taiwans chipmakers are set to resume work after an earthquake caused maim damage. Paul lets look at howie shaping up for this thursday in the asia pacific we have just opened for trade in australia, in the early going, just higher by a few points at the moment. Well keep and eye on a few stocks today. Rio tinto, after the Sovereign Wealth Fund expressed concern about the deforestation impact of a bauxite mine in brazil. Gold topping 2,300 an ounce for the first time. Not a lot of movement in yields at the moment. Dewid see yields in the u. S. Slipping a lit a. F. L. Jay powells q a following his remarks. Well get to that in a moment they have aussie a bit of a bep fishery from rare u. S. Dollar weakness, 65. 66 at the moment. Lets ....