Bid. Shery expect profittaking. It is 8 00 a. M. Bright and early in to buy. I am yousef gamal eldin. Shery it is midday in hong kong. I am shery ahn. Taking a look at the asian markets. It is a mixed picture across the board, the hang seng gaining. 3 . Lot to do with just optimism across the board, but function,u look at my markets a bit more subdued for a monday, excellent data out of japan, but also president s day holiday in the u. S. , the dollar index study, losing a quarter while steel is leading the gains when it comes to commodities. Gains seeing doubledigit for steel rebar futures contracts and china. Look at the strain to year yield down to basis points. The 10 year bond yield finally declining after six Straight Days of advances among but i get ahead of myself because so much uncertainty out there. I cant say it is an optimistic picture just yet. Yousef we look at the conventional metrics and a lot of these Asset Classes, for example, u. S. Treasury yields, but let me show
Michigan is the biggest prize. Donald trump has a doubledigit lead, but there are signs that john kasich has been gaining ground. Bernie sanders is still doing better with younger voters. The European Union is getting a deal with turkey to stop the flow of migrants. Turkey made its most serious offer yet to stop the tide of refugees into europe. The Un Security Council sanctions were not enough for south korea. It is imposing its own penalties on north korea. South korea will present entry of any ship that has visited north korea in the past six months and his blacklisting people linked to north koreas weapons of mass destructions. Take a look at futures. Down across the board. The same concern about chinese exports. Take a look at europe. Also going to see red arrows overseas. As far as what we saw in asia overnight, we did see red arrows, except for in china. Take a look at this chart. Japanese 40year yields coming below the u. S. 2 year. You can make more money loaning to the u. S.
Good morning. Welcome to squawk box. Im Andrew Ross Sorkin along with joe kernen. Becky is on assignment today. Our newsmaker of the day, Morgan Stanley ceo james goreman will joan is live at 7 15 eastern time. Weve got a lot to discuss with him about the fate of that bank and wall street. In the meantime, lets get you up to speed on the days stories. The big one, china aes economy rebounding in the final quarter of to 12. Growth to 7. 9 , up from 7. 4 the appreciate quarter. Economists do caution, though, that a chinese recovery is likely to be gradual and weak to drive a global rebound without improvement in the u. S. And europe. Also, the fate of dozens of hostages in algeria is still unknown. The algerian military stormed a gas field where the workers were being held. Six people if not more are believed to have been killed. A team of experts from boeing and the aviation experts are arriving in japan today. Today the japan Transportation Safety board released a picture of the batter