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Lifeline. We will hear from the Morgan Stanley ceo on the big 13 billion acquisition of e trade. Paul. Paul thanks, emily. Lets check on how futures are looking in asia. Looking like a much quieter day than yesterday. Sydney futures looking fairly flat right now. U. K. Futures looking weaker by 0. 4 . A bit of a move down in costly futures. We saw u. S. Markets ending modestly low. Concerns about earnings downgrade. More on that later. New zealand also trading right now. Currently flat. Emily thanks. Lets get a check of where the u. S. Markets closed today. Taylor riggs is in the newsroom. What were the highlights . Taylor sort of a risk off day. Really 500 Big Companies leading the losses. Bonds rallying five basis points after the crucial 1. 51, and the yield curve is inverted by the most since october, six basis points. Take a look at the chart in my terminal that put the s ....
Not just the japanese yen. Its the korean won which has been sensitive to the actions of jay powell. Were getting commentary from the likes of ocbc, jeffrey saying upside in dollar trade, count down to around 1335 per dollar by december. Better demand, that is improving and also they start of the easing cycle adding to appeal. For equity markets it will be trade or read through from big tech earnings. We had microsoft, alphabet really impressing because the takeaway was they are spending on ai and cloud, thats paying off. Best week for u. S. Stocks in 2024. Still farmer. Haidi of course potential expectation of a hawkish pivot and how that plays into Asian Central banks and economies. In the last leg of the cycle, the open, a couple of minutes into cash trading coming online in a staggered open. Upside when it comes to sydney stocks. Watching treasuries as well, expecting dollar and yields to get a lift higher. Ozzie bonds followin ....
Reform plan will further spur growth forecast for the e commerce giant and shares of ge on the move jp morgan report seize a dividend cut as increasingly likely the Company Tells us it remains a top priority historic run in the markets includes the 47th record close of the year. Weve got black rocks larry fink talking about risks in the market earlier this morning on squawk. Lets be clear, the United States deserves a premium. Our companies are stronger they are better managed over across Many Industries so i actually believe the u. S. Deserves a premium to the other markets. Not just that, jim, says he wouldnt expect to see any major reversal in equities until sometime next year. I love the guy, what can i say . Every time i talk to him and see him, he has a sense of whats going on there are moments when hes pessimistic ....