Kathleen youre watching daybreak asia, coming to you live from new york and hong kong. Autonomous where coming down to asias major market open. Haidi oil hitting a high for the year on investors settling for a 10 year yield below 4 in the latest treasury auction. Disney gaining after the bell and a folk at forecast for lower Capital Spending. China says u. S. Is weaponizing trade as President Biden signs an executive order limiting investment in some of his companies. Kathleen lets take a look at u. S. Futures. It was a down day in stocks ahead of that big cpi report in the next 24 hours. You can see a bounce back but at the close, the nasdaq was down about 1. 2 . The s p 500 down 7 10 of 1 . Nvidia, big move down. One of our reporters saying earlier that people wonder what has gotten the cpi report so nvidia was down, tesla was down, amazon was down and then there was a big surge in lng prices. 28 in europe, caused by the threat of a strike in australia among Union Workers there. Coup
Help us signs a contract for 20 new planes with an option airbus signs a contract for 20 new planes with an option for more. The ceo tells us he is confident emirates will continue flying high despite pressures facing regional customers. It is 8 00 a. M. In dubai. This is Bloomberg Markets middle east. I am yousef gamal eldin. We are off to a cautious start. Ive rebound in selective markets in the asian equity session. Gmm is your function. Quite a bit of strength on the kospi. India up. 8 . The backdrop is a weaker u. S. Dollar, and notably so. It is in the bottom of your second column on your bloomberg. Investors on edge after an inquiry into the financial system. The sovereign bond and commodities space, two things to point out. Comeback,al making a rubber up, downside on zinc. Energy, the bearish data did come out on friday with more rigs added to the u. S. Production story. Wti rebounding, up 1. 1 . A little bit of that coming through from the weaker dollar. Gold, that key inflati
, political, and Business Leaders gathered in dubai this week for the world government summit. The event brought together officials, policymakers, thought leaders, and private sector trail blazers to explore the future of government in the face of a changing world. On sunday, Tracy Alloway spoke with the secretarygeneral of the oecd, angel gurria, and began by asking for his take on the recent market volatility. angel the experts say it was a correction, but i think it is a warning. I think it is very important to take heed and say, listen this is the kind of thing that happens when the stock market or any other indicator takes off without a linkage to the real economy underground. This is the kind of thing that happens. Therefore, it is a warning against complacency, against patting yourself too much on the back. I think that we should acknowledge that there is a recovery going on. That there is a synchronized recovery, that is good. But we are running out of Monetary Policy room and
Dubai this week for the world government summit. The event brought together officials, policymakers, thought leaders and private sector trail blazers to explore the future of government in the face of a changing world. On sunday, Tracy Alloway spoke with the secretarygeneral of the oecd, angel gurria, and began by asking for his take on the recent market volatility. angel the experts say it was a correction, but i think it is a warning. I think it is very important to take heed and say, listen this is the kind of thing that happens when the stock market or any other indicator takes off without a linkage to the real economy underground to react trac. This is the kind of thing that happens. Therefore, it is a warning against complacency, against patting yourself too much on the back. I think that we should acknowledge that there is a recovery going on. That there is a synchronized recovery, that is good. But we are running out of Monetary Policy room and as well as on the fiscal policy.
Business leaders gathered into dubai this week for the world government summit. The event brought together officials, policymakers, thought leaders and private sector trail blazers to explore the future of government in the face of a changing world. On sunday, Tracy Alloway spoke with the secretarygeneral of the oecd, angel gurria, and began by asking for his take on the recent market volatility. Angel the experts say it was a correction, but i think it is a warning. I think it is very important to heed and say, listen this is the kind of thing that happens when the stock market or any other indicator takes off without a linkage to the real economy on the ground. Therefore, it is a warning against complacency, against patting yourself too much on the back. I think that we should acknowledge that there is a recovery going on. That there is a synchronized recovery, that is good. But we are running out of room. Running out of room on the fiscal policy. Therefore we have to focus on the st