Did quite well. About weve been talking the investors worrying the last few days with yields continuing to march higher in anticipation of higher interest rates, itever the month of january, looked like a pretty good month for the bulls. I want to bring in this chart, as we round out the month. You can see s p stocks the best performance since march of 2016. President trump will take a look at take credit for this. The market is still doing well. If you look at that chart, investors are optimistic about prospects and we might be hitting an inflection point. Markets are rebalancing as well, and what we saw with the bond market overnight was significant of 10 year treasury yield spiking to 2. 97 . That is the line in the sand and it is a worry for many equity bulls out there. Mentioned,vonne just the 30 year yield breaking through a significant level, that 3 yield. And it seemsh us, like Equity Investors are paying attention to the bond market. That level reached and getting to that site
Potatoes. This is Bloomberg Markets asia. Haidi small potatoes. Investors have been caught on the wrong side of the bed. A blogger saying it is like a horror movie that you just have to keep watching even though you know exactly what will happen. Lets look at the steepening declines when it comes to japanese equities. Korea taking the brunt of the selling. We are seeing selling across the board. The nikkei 225 down 0. 7 . Lower. Ix 4. 4 the s p as you said, entering true correction territory. David we are very close to that level here in the asiapacific. We put everything together on the msci asianpacific. Take a look at my chart, g btv 6180. The red line at the bottom is the threshold. We are getting very close to that. My gut is, once we get hong kong up and running, that will give more fuel to the downside. That. Happens in about 30 minutes that happens in about 30 minutes. We have taiwan, singapore, asia. Markets mays like be suffering from motion sickness, given the turbulence acr
Says, lets talk fb Winter Olympics. At the Winter Olympics. A very good morning to you, our viewers around the world. s take a asia let; look at what is happening around the world. We saw what happened on the markets of the United States in the past few hours. We went into the positives. Technicals are pushing that up. Lets go to the bloomberg terminal. Hasnt been, it very good. Down 7. 25 . The last time we saw these numbers was back in 2009. 11 . Y the question is whether we can hold on to the greens we saw and whether that will translate to where you guys are. Haidi this is pretty full this week. You can see the longest winning streak when it comes to growth. Well as thetion as yuan. Have synchronized tightening across global Central Banks . It was positive we saw some defense of buying and 90 u. S. Session on friday. Onin that u. S. Session friday. Nikkei ndicates the in september. Take that with a grain of salt regarding whether you will see bargain hunting. Up 3 10 of 1 for tradi
The cornerstone of this years agenda. Im haidi lun. This is daybreak australia. Past 5 00 injust new york. It is just past 5 00 in new york. We had a super selloff of stocks and bonds. This, midst of all of janet yellen given us a very goodbye. Nt poignant i get a little choked up when i think about her leaving. Just to be the numbers quickly. If you rounded off, it was a doubles market. About 60 points. About 145 saying point come nearly 2 as well. They were spooked by the bond market. This sudden realization that the fed is probably going to be on track for at least three rate hikes this year. On friday. Ime, what does this mean for asian market after this big selloff . Haidi the question is whether this is temporary. You keep buying on these opportunities. Is it in and action point an Inflection Point . All 11 sectors retreating. U. S. Dollars during seeing its best week in 2018, after what has been a bad news story. The kiwi dollar at 7291. U. S. Dollar about 9 10 of 1 . Continuing
American jobs. Kathleen breaking news on south koreas labor market, we have the Unemployment Rate now at 3. 6 over last year, it was bute point six in december, that is what we are getting so far on this number. Number on thetant context of the korean economy, it is an area where that has been strength, and exports very strong. This closelytching to see how this affects the bank of korea in the next meeting. Holdingemployment rate steady at 3. 6 . And life pictures, lets take a listen. It is great to be here, it was eight years ago i just turned 80. I never really talked to any graduation groups or anything of the sort it was not on bucket list particularly. And then i got invited to go to and i met a truly , whether it was male, female, hispanic, africanamerican, whether it might be, these people have one thing in common. They knew they had it within themselves, they knew they could be something beyond they were. They were willing to put their time and energies to better when i saw at