Major market opens. Paul australia has just come online. China ramps up aid for the economy, a higher budget deficit ratio and asian risk assets, in addition to easing treasury yields, trade is also mixed. Plus, japans biggest listing since 2018. Annabelle what i want to point out is that the Australian Market is sensitive what happens in china. New support measures coming through, Stephen Engle is here and well go through all the details in just a moment. This is an economy very reliant on what happens with china. The Golden Dragon index, that is the last close for that because it tracks u. S. Stocks around the chinese stocks listed in the u. S. But that was the best data we saw since the end of july. Just gives you an indication around how much investors are liking the latest support measures. Were also watching in the aussie session, the inflation focus in particular because we have cpi numbers in the next hour and the handle expected to take down, about 90 minutes from now. China i
Not much to the west ikea now we need to prepare for a long war with russia, they say, the wests expectations were not met and strategic defeat did not happen to russia, another bad news for everyone is reported by the Russian Ministry of defense. Just a month after entering the battle, the ukrainian general staff withdraws from the combat zone the last major reserve , the eightysecond air assault brigade, the same unit that western media called zelenskys last hope. Now the brigade is being withdrawn to the rear due to colossal losses of personnel. One problem is an equivalent unit that will replace the eightysecond the brigade was not found and had to be assembled. What is called salam salad and now to hold the position of the vsu in a bare area in the area of the very working success in which they were so sickly involved. Four different units not coordinated with each other, the seventyfirst jaeger brigade of the strategic reserve, instead of together with the assault gro
Jobs. Anna good morning everyone. This is bloomberg daybreak europe. Let us get straight over to the Market Action in the asiapacific. Energy story. Nd energy and mining stocks are feeling the brunt of the selling in the asian session. There are questions about the move over 4 or the 10 year chinese yields if that will influence the stock markets negatively there. Second day we are seeing drops away from the highs. Doubts lingering in the markets as to whether there were as to whether there is really a conviction. That looms large on the agenda for thursday. We are getting comments from the Saudi Oil Minister saying there are no differences in opec. Is there asndex well. Pretty flat right now. We did see a little rally in the yen earlier. That perhapsjapan the North Koreans are preparing a Missile Launch and that increased the appetites for the risk havens earlier. We have the Jerome Powell testimony. Looking at the markets in the u. S. Fridays terms of shopping, cyber monday. We talke
Sydney, 9 00 a. M. In hong kong. We have the polls and alabama, covering ahead of the special montgomery ahead of the special election. We will talk about the chinese appetite for u. S. Debt. This chart plays into how things have changed in terms of this debt binge on u. S. Treasuries china has had over the past decade, doubling its hold over u. S. Treasuries. That is starting to resolve because of a steady currency. You can see this conference relationship between where the dollaryen Exchange Rate is, and the levels of chinese treasury holdings. We have seen this fading of appetite for holdings at an inopportune time, when you have a plan republicans want to push through already adding to a ballooning deficit for the u. S. We have a situation where china owns more than 2. 2 trillion in any u. S. Government debt, and any selling of that could have ramifications. Wells fargo Holding Stable along that 6. 2 level. Very interesting implications for u. S. Treasuries, especially as we get th
To gilroy. 50s in the north. This is one of the cooler area, its 49. This area is in there. Sebastopol everybody is close. Thats the ridge of High Pressure that will build in for the weekend it will give more weather and higher sunshine. 50s and 60s today, warmest temperatures to the south. 501 there will be weather on the toll plaza. We have traffic thats beginning to wake up as well. Good morning to you at home if youre driving on 580 and youre driving into the alternate route month pass youll see slow traffic altamont pass, youll see this slow traffic. If youre driving from liver more to dublin it looks okay with a little bit of congestion at the dublin grade. This is 580 and 80. This is looking good, crossing the bay bridge and toll plaza, we can usually see the 880 ramp. Sometimes i point to it. Its right there, its being obscured by the fog, thats what youre dealing with. 5. 01 5 02, lets go to the desk. Another case of confusion on the runway, at sfo. This happened tuesday, just