Welcome to daybreak australia, we are counting down to asias major market open bins. Annabelle im annabelle in hong kong. Muted response to irans attack on israel. Traders are ready to look past geopolitics. U. N. Chief is telling the Security Council it is time to step back from middle east war while israel and u. S. Consider next steps. Tehran saying they signal a bigger response to israeli strikes. Take a look at how we are setting up with asian markets confronted with a risk of escalation. Seeing traders cautiously trading. Sidney stocks are down by 6 10 of 1 and weve got new zealand down by 1 . Cpi prints coming through and bad Services Numbers today as well. Concern as we have seen recessionary conditions for the kiwi economy. We have the yen stubbornly holding beyond 153 casting a shadow over its ability to function as a haven. We are seeing other assets moving higher, but not the yen. Still 150 and china futures down by half a percent. Annabelle as you say, not too much reactio
And russia say they are in favor of extending an output cut into next year. Oil jumps to its highest level in two weeks. How far could a Short Covering rally take crude . We will talk about that in a moment. And europes new power couple. After a big win for merkel in the key state of north rhinewestphalia, how will macron and merkel reshape the eu . They meet in berlin later today, matt. Matt thats right. Expecting that meeting around. Oon, so six hours from now we are less than a halfhour from the european open. Bureau stocks euro stocks rising a quarter percent. Cac futures, looks like a risk on day. Investors are selling off bunds. I have a threeday chart, lets move it to one day so you can see the price action. You could see some volatility there, but yields are still up 0. 4 . Right now, to. 0 guy what do you make of the win for merkel . North rhinewestphalia is big, and she took it big. Is it in the bag, when we get to the central vote in september . Matt i dont think you can say
Julie hyman have the latest at the desk. Julie we are seeing a treading the major averages. The dow is slightly lower. The s p and nasdaq or slightly higher. This is really a repeat of the same playbook we have seen more or less in the last month since the beginning of earnings season this isas stocks move sideways. This even after we got the news today that the bank of england was cutting rates by 25 basis points and injecting more stimulus into the u. K. Economy through quantitative easing. You did see more reaction in the bond market to that news. If you look at the 10year, you see a declining yield. 1. 51 . Only down for basis points. If you look at the pound itself, there you definitely saw more movement, a very germanic move lower, and a very dramatic move lower. Getting back to u. S. Stocks, there is strong on the individual stock level. We got a lot of earnings. Cf industries down after the fertilizer maker came out with earnings that miss estimates. Pricing difficulties going
Stephanie you have been watching a moment of silence in brussels as the city begins three days of mourning. The attacks yesterday have so far left a total of 31 people dead and 230 injured. For the latest on the investigation, we are now joined by bloombergs ryan from brussels. Yan, give us the latest. Ryan well, were learning an wful lot from the people who started the attack. Police apprehend adamant that is the mastermind of the attack. He is a 24yearold of an individual. Going into today, he was in syria in early 2013. And then a very minimum, he was an associate of one of the participants in the terrorist attacks. So as we look at the belgian and french Prime Ministers there at the mourning ceremony for the People Killed here in brussels, you can bet that they will be also talking about how they can better coordinate to make sure there are no more terrorist attacks. Stephanie while clearly today is a day of mourning in the city of brussels and across europe, as far as business goe
Some of them powerful. This footage shows one of the latest strong tremors in kumamoto. Translator there continues to be seismic activity, so we advise sufficient caution and alert for further seismic events. Rescue and recovery operations continue in the village of minamiaso. Crews are looking for several people who remain unaccounted for. On tuesday they found three people under the rubble. The death toll has risen to 47. Rescue work is being hampered by the aftershocks and also by landslides. The situation is taking a toll on survivors. Tens of thousands have fled their homes, and many sleeping in emergency shelters or their cars. And concerns are growing over a new potentially deadly threat. Officials are raising awareness over the socalled Economy Class syndrome. Blood clots develop when if people spend too much time not moving around. Officials say one woman has died from the conditions. She was one of the thousands taking shelter in vehicles. Nearly 20 others are suspected of ha