Haidi welcome to daybreak australia. Im haidi stroudwatts in sydney. Annabelle im Annabelle Droulers in hong kong counted down the ages major market opens. Shery im shery ahn. Ourstories this hour. Market gets a reprieve as fresh data has back bets on another rate hike this year. Tech stocks and treasuries are rallying. The dollar is weaker. In the Sam Bankmanfried trial, prosecutors say the ftx cofounder is a calculated criminal that lied of the world. U. S. Futures coming online in the Asian Session under a little pressure after we saw ux u. S. Stocks gaining ground and the s p 500 finishing around session highs. The nasdaq 100 outperforming gaming 1. 5 in the new york session. Perhaps, not surprising given we saw treasury yields back down with a rebound rebound in the bond market with a 10 year yield headed towards 470. We had dated today coming in weaker than expected. The adp private payrolls numbers added the fewest number of jobs since 2021. So perhaps, thats a little sign of a
Welcome daybreak australia. I am haidi stroudwatts instantly. Clay and i am paul allen. The top stories this hour. Renewed concerns that the fed leakage tina smith higherforlonger. But i shares back to the trend of the posted its strongest sales growth in the year previous paul paul binance founder and fees he gets four months for a few of the world licensed with crypto. And chinas communist parties involved jesus name is and a housing crisis and simplest possible event, that is something there watching as a go to the start of trading. Its a holiday session, we will get to that in the moment. This is the setup, a dire one when it comes to sydney stocks, down 1. 2 . Tracking analysis we saw in the u. S. Overnight. Body cams bond yields climbing on concerns of sticky inflation and what we could expect from that hawkish pivot from the fed started to discipline when it comes to of his sentiments the teachers at job content drops of 1 across the session. The community is gone. The labor mar
This year for the u. S. Benchmark , the oil rally in the treasury selloff taking a breather. Paul white house staff told to brace for the furloughs as a Government Shutdown looms with a lastminute deal unlikely. Shery plus evergrande is saying their chairman is suspected of crimes as it enters a new phase. U. S. Futures coming online after stocks rebounding in the new york session and we are seeing those extensions with the gains of up to 1 10 of 1 in the s p 500 so close to that oversold territory. The 14day rsi around 35 and stocks getting a boost from the uaw report that it was set to dial back the pay hikes they were requesting from the carmakers. Still, treasuries, the selloff today, the 10year below 4. 6 and data showing Consumer Spending rose at the weakest pace in a year or less quarter and we had some comments from fed officials that were perceived as a little bit more dovish, so we have the dollar falling for the first time in seven sessions. Take a look accrued, wti above 91
Steady today, near their highs of the session. Look at the refiners in particular. Ofre is a shutdown refineries in the caribbean because of Hurricane Matthew. We have Oil Prices Higher as well with that inventories report that vonnie alluded to. Weve been watching Department Stores as well today. Sales may grow at a faster pace than last year because of rising wages, because of a stronger job market. Increase in spending during the holidays come excluding things like gasoline and restaurant sales. You have retailers higher today. Wheat also been looking at today. Wheat investors are focused on where to hide. End,ycle is going to rising yields and the treasury market not helping these guys. Coming full circle back to the hurricane, lumber futures up 1 inay as a lot of folks florida battened down the hatches here in anticipation. Lumber prices going higher. David thank you very much. Lets check in on the first word news this afternoon. Her Hillary Clinton at Washington Home preparing fo
Steady today, near their highs of the session. Look at the refiners in particular. Ofre is a shutdown refineries in the caribbean because of Hurricane Matthew. We have Oil Prices Higher as well with that inventories report that vonnie alluded to. Weve been watching Department Stores as well today. Sales may grow at a faster pace than last year because of rising wages, because of a stronger job market. Increase in spending during the holidays come excluding things like gasoline and restaurant sales. You have retailers higher today. Wheat also been looking at today. Wheat investors are focused on where to hide. End,ycle is going to rising yields and the treasury market not helping these guys. Coming full circle back to the hurricane, lumber futures up 1 inay as a lot of folks florida battened down the hatches here in anticipation. Lumber prices going higher. David thank you very much. Lets check in on the first word news this afternoon. Her Hillary Clinton at Washington Home preparing fo