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Daybreak australia. We are counting down to asias major market opens. The top stories this hour, u. S. Stocks and bonds followed. Yields and treasuries ration the highest levels this year. Paul Central Bank Policy makers seeing significant upside risk which could require further rate hikes. Lets take a quick check on wall street. Some small gains here from the futures market. The day started out pretty well. The weakness piled up after the fed came out at 2 00 ands showed the vast majority saw more rate hikes will be needed. In terms of individual stocks, big tech names. In terms of china, the lack of china stimulus does far to return around a fallen stock market. This is also weighing on stocks. Treasuries lowest across the board. The twoyear got close to 5 . Parentheses, we started by looking at the british pound. Currencies, we started by looking at the british pound. More rate hiking as well for the bank of england. We ar ....
Said biden made it worse, that is not good for president hu is touring the country trying to sell bidenomics. Maybe thats why an increasing number of democrats are trying to get him to step aside. Congressman dean phillips has launched a National Campaign asking the party to find someone else. After many summit with leaders of south korea a the president leleaves in lake tahoe californa so he can be in hawaii on monday. Lets get to the market, you are not going to like this, look out below, the dow is looking at the worst week in five months. The opening bell, were probably going to be down 160 into serious loss and the nasdaq, down 130 points. Interest rates, uptrend, that is not good for stocks, the ten year treasury yields well above four and a quarter percent, 427 in the twoyear treasury getting the same of what what it was yesterday. Slick close to 5 , look at bitcoin a sudden drop after elon musk said he had written down ....
The free time, but still very much alive. Your guy to the special thoughts in germany recognizes where exactly it was fun. Learned a lot of our culture history, dw, travel extremely worth a visit. The science of trouble for china is beleaguered real estate market. Developer, Country Garden suspense, trading on some of its own shore bonds suggesting repayment problems. Markets are reactive also on the show will hear from the c e o of ryan air says germanys high airport fees are hurting consumers by reducing choice and high temperatures across europe are putting more pressure on water supplies. Were looking at the industry is adapting still welcome to our show on Stephen Beardsley in berlin. Wed begin with china and fresh turmoil and its trouble real estate market. Shares of one of the countrys top private developers, Count ....
But focuses on asia and the pacific at the academy for political education. Interesting in germany, she joins been out for more. So if youre welcome back to the show, yet another developer in china facing a serious cash pinch, how critical is this news by country guard . Thank you very much for the invitation. This is a serious signal from the overall chinese. Um it cannot make situation. However, we have to look into chinas property market. So theres an issue with failing depth width and a country wide problem with repaying depths. And we have to differentiate this, hide me for a trip and harvey on equal property market. Can we say that this problem will get worse before it gets better, theyre going to be new properties coming onto the market, but it seems that consumer demand overall is still following as well. At 1st sight, it seems the regulations for the government out for seeing Property Developments to follow posts a ....