It is daybreak australia, two hours away from the opening of the first major markets. P. M. it is just past 6 00 in new york. We will be looking at key Economic Data over the weekend and how that will play into the asiapacific trading day. Lets recap how the u. S. Markets closed on friday. A reminder, estimates softer, personal spending numbers also weaker than expected. The dow falling 40 points, the nasdaq and the s p all closing lower, but fairly. Pretty much flat. Futures are trading, just picking up in the morning session here in monday. You can see barely unchanged. Not a lot of Movement Like last weekend when we were watching the French Elections and that impact on the markets. That is right, and it could be about geopolitics going election next week. And the heightened tensions over north korea with pyongyang testing and other missile on saturday, it will be more of a china focus for the asian session. Need to new zealand is down six days we have had of gains when it comes to a
Growth may be slowing with the factory gate falling to 51. 2. Tighter property curbs and stricter financial regulations are likely to hit output at well. Has takenovery another step forward with 4. 5 billion in operating profit, leaning on the playstation, where operating profits will account for about a third of total profit. The company is expecting strong growth at its memory chip division. High order to maintain a profit level, we should challenge new business areas, but we should not be too aggressive. Details about the Management Strategy will be announced in may. Haidi the french president ial macron has won an endorsement from angela merkel, saying he would make a strong president. She said her support should not the as a surprise given candidacy of marine le pen. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. A quick check of the markets, setting up for a quiet session ,n a ship, hong kong, singapore
Earnings rising on a strong domestic performance, but a still slight miss underestimates. Rishaad Steven Mnuchin denying plans to restrict Foreign Investment in the u. S. , saying National Security always comes first. About half an hour before the trading day gets underway. Just taking a look at whats been going on. China under pressure. The shanghai composite. Lets go to the bloomberg terminal. Showing it is showing chinas a run of essentially a solid economic indicators, moving to consolation for the shaky Financial Market we saw last month. We saw the tightening in money market liquidities from autumn last year. Equitieslt, weve got fighting weakness. That is the top graph, the shanghai composite. That went down in april from near record highs. Haidi all of this despite having two consecutive quarters of pretty strong gdp growth out of china. That is not being reflected when it comes to market sentiment. We had the day off yesterday. They are rejoining trading in around 30 minutes.
Pick amid tensions. Rishaad there we go. Talking about apple. Nasdaq,ows how the which hit another record high has been powered up by apple to some extent. You can see that with apple included in nasdaqs total , but if you growth remove apple, just shy of 160 . Important apple is as a retains its status as the worlds most valuable company. You have been taking a look at the yen, i believe. Haidi thats right. The two stories, apple and the , not much in terms of reaction on the equitys story. Equity story. Japanese markets not getting a chance to react to this yen weakness. , technicalsat this when it comes to where they again is at now, still above that 112 level. The dollar is at a shortterm peak. We do have a call from rbc saying it should be easy to get but japanese markets are off until monday, some not getting a chance to get the boost from a weaker yen. We are 30 minutes away from the open. Singapore, taiwan, and malaysia rey. Ing the trading fo sophie not much in the way of dire
The new health bill scrapes through the house. Ant financial remains optimistic despite fears the u. S. Regulator will block the deal. Rishaad a new era of competition, the maiden flight of a plane designed and built in china. That allimportant jobs report about 12 hours away. Significance given the weakness in recent months. Series of promises by President Trump as to how many jobs he will create. Need to. 5 million a year to reach that target, projected by that green line. We are not there yet. It would depend on sturdy wage and salary gains. Trend has been losing momentum in recent months, but gains in employment in march overstated that weakness, revisions as well. Sixmonth average is a bit , 163,000 jobs. It doesnt compare to last year, 237,000 created every month. Haidi thats right. That nonfarm payrolls number what the market is focusing on, also six fed speakers, including janet yellen. Fromll get more nuance that previous policy statement, the weaknesses transitory, whether th