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BLOOMBERG Bloomberg Daybreak Australia July 12, 2024

Haidi very good morning. Im haidi stroudwatts in sydney. We are counting down to asias major market open. Shery i am shery ahn. Here is how markets are looking right now. U. S. Futures rising at the open. Stockster we saw u. S. Seeing its worst day in about three weeks. Investors were concerned about the prospects for more government spending. We saw some conflicting reports on whether or not that is coming. The s p 500 lost ground, 1. 6 . All 11 sectors were down, led by energy stocks. It also drags down cyclicals and small caps which managed to stay in positive territory. A bearish reversal from the gains briefly seen around the open. We had record cases in europe, fears of a doubledip recession. Take a look at oil because its also under pressure and headed towards the 40 a barrel level. Oil fell in the regular session as well with warning of an uncertain outlook for oil demand. See how things are shaping up for the asian markets. Here is
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BLOOMBERG Bloomberg Daybreak Australia July 12, 2024

Beijings anger appeared Cotton Australia says chinese mills are being told to halt imports. The last day of campaigning for saturdays election indicating the Prime Minister will be a comfortable winner. Futurese are seeing you coming online at a 10th of 1 higher. Does after we saw u. S. Stocks session. N the regular had surging virus cases in new york. Not to mention the stimulus talks in the u. S. Remains stalled. The s p 500 fell 2 10 of 1 . Financials and real estate higher. The afternoon session solve sawical shares session cyclical gains. Jobless claims unexpectedly rising last week. We also had the dollar gaining ground the most in three weeks. Take a look at what oil is doing. It remains under pressure. It is around the 40 a barrel level. We saw the continued pressure following the jobless claims data. We saw a rebound in prices and a than york session after we had d ....

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BLOOMBERG Bloomberg Daybreak Asia July 12, 2024

To the right with his choice of amy coney barrett. It would make it a 63 conservative split. Hitting a high know. Aims top behind bts raise 800 million in koreas largest ipo in years. Lets take a look at how we are setting up for the asian trading session. They hope to follow the momentum we saw in the u. S. Session on friday in particular with these gains in tech stocks. S p futures looking pretty positive,. 3 . Optimism as we get to the open in tokyo. A quiet first half of the week. We do have japanese throughput later on this week as well as decisions out of the philippines as well as india. Disney futures up by. 3 , as they continue to see growing concerns about the impact on the economy when some of these fiscal support measures start to peter out. We do have some optimistic news when it comes to the listing in victoria. New zealand off by 1. 5 . Dragged down by some of the dairy names. Tom the clock is ticking on tiktok. We are in our way from trumps ban that takes place midnight ....

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BLOOMBERG Bloomberg Daybreak Australia July 12, 2024

But those hopes may be shortlived. Democrats proposed a new plan but republicans worn a wide gap remains. Mitch mcconnell says the plan contains poison pills. And australias plan to have women hold at least 40 of leadership roles in asx 200 companies. Aberdeen has already signed up. Shery heres a look at how markets are trading. We are seeing u. S. Futures coming online, down. 2 . This, after u. S. Stocks ended the session higher wednesday. Also the last trading day of the quarter for u. S. Stocks. Haidi mentioned talks and hopes for a stimulus package in the u. S. The house has delayed the vote on that bill, trying to get more time to reach an agreement with the white house and treasury secretary. The s p 500s on nine sectors out of 11 higher. Health care and financials led the gains. Showingitive ecodata, u. S. Companies added more than 700,000 jobs in september. The dollar weakness, a third consecutive session of losses. Not to mention before the quarter, just posted its biggest qua ....

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BLOOMBERG Bloomberg Daybreak Australia July 12, 2024

The rba signaled for their willingness to ease. And the other big story at this hour lawmakers in washington take aim at the power of big tech. An antitrust investigation says they are abusing their dominant status. Check lets get a quick of the markets. We are seeing u. S. Futures down at the open, extending gains after we saw the regular session seeing a bearish reversal at your after trumps of fire called off negotiations. Already, market have been trading mixed and about flat after the fed chairs cautious tone on the economy, warning that too much support was better than not enough. The s p 500 saw the largest drop in two weeks and fell to session lows after the president ended stimulus talks. The losses were led by discretionary talks. Airlines also tumbled and we saw the nasdaq losing 1. 6 . After the close, we saw that House Democrats released antitrust reforms to curb the power of u. S. Tech giants including amazon and al ....

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