Australia. We are counting down to asias major market opens. Im annabelle. Investors keeping their powder dry with some warning of stock swings. Janet yellen admits china may retaliate against Biden Administration tariffs increases. And the albanese government announcing australias second Budget Surplus without stoking in laois and. Heidi given all the threats we are seeing sydney futures muted. A worried session on wall street will way on what the fed does and other central banks. Headwinds are building and the risk of threats on china and retaliation. Certainly not a great deal of risk appetite. Kiwi stocks looking softer, k futures Looking Glass of not making too much of a move. Its near the top of developed markets, it is what can they do a costofliving crisis. It will flesh out further expectations or hopes of race cuts. Haidi thats right, speaking with economists about the need for fiscal prudence but here is the outlook for futures online, reflects intraday caution and equities,
Sarah. Good morning, guys. Well this was the first time we were hearing from the core of the fed. The inner circle for janet yellen, vice chairman Stanley Fisher on his reaction to the brexit so i had to start with what he was thinking when he found out the referendum results about a week ago. Listen. I saw them at 2 30 in the morning in europe and i decided i better go back to sleep because it didnt look that good. It didnt look any better when i woke up a bit later. And first reaction was surprise but extreme surprise. Does it change the u. S. Economic outlook . Well, were going to have to wait and see. It clearly is a huge event for the u. K. And its an important event for europe. Our direct trade with with britain is not going to make a huge difference to us but it could set off, theres a lot of things that will follow for brexit and europe and the united kingdom. Those are things we have to be thinking about. What are you worried about specifically . How quickly does the british e