Depreciation fueling concerns of the cost push Inflationary Pressure could be here to say here to stay. Playing into a perhaps is the slow down in the rise of food prices and perhaps businesses a little cautious to pass costs onto consumer because they are aware of the cost of living pressures building. Equities down 1. 5 today. Its not just a story of japans inflation. U. S. Numbers came out overnight and we saw further resilience come into the u. S. Economy. Pushing out expectations for fed hikes to december fully priced and for the First Quarter point cut for fed officials so a distance here but equities 1. 5 to the downside is we get underway this morning, japanese yield went to note because we are at the 1 mark so rising just a little bit here about that has been the really big trend that we are seeing, we are going back to levels we have not seen before the experimental policy led by the governor of the boj. Lets change on your different stocks we are watching this morning. Samsu
Bloomberg daybreak europe. I am Tom Mackenzie in london. The ai fueled really rolls on, nvidia delivering on the high, reporting results beating already lofty expectations. Shares a surge in after hours trading. The industry is going through a major change. Let me give you some perspective on the importance of the transformation. The next Industrial Revolution has begun. Tom u. S. And european futures point higher on renewed tech optimism. Fed an policymakers rallying around the higher for longer view on the rates, plus the ukip hopes for brighter days ahead, staking his political future on an improving economy as he calls a surprise summer general election. Labor leader keir starmer says it is time for change. Lets check on these markets, it is a risk on an thank you to nvidia for that. Looking past the fed minutes and hawkishness of baked into those comments, nvidia and to be coming through for the First Quarter and forecasts around the Second Quarter propelling the momentum in europ
Asia coming to you live from new york, sydney and hong kong. dear coming down t we are counting down to asias major market open. On worries of middle east tensions and higher for longer Interest Rates traders are on watch for yen intervention. Humanitarian aid trickles into gaza as the death toll rises. Aid may be delayed as israel backs diplomatic efforts. Theyre working with china following tax audits. Annabelle at the open of the asx 200 you can see we are in the red. Trading lower for a Third Straight session just tells you how much of an impact what is going on in the middle east is having on markets because the moves we have seen in treasury yields after stabilizing you are seeing muted action in the australian three year and 10 year and earnings as well because we are in the thick of earnings season. Betterthanexpected numbers coming out of u. S. Companies, were seeing the index moving in tandem which tells us again it is geopolitical concerns in the middle east, other parts of
And then later, getting set for netflix and whats in store whenit reports later today after the bell. It is wednesday, october 18th, 2023. You are watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Im Frank Holland. We get you ready to start your day as always. We get a check on the u. S. Stock futures after a mixed session yesterday that saw the dow send its win streak for three days. The dow is in the red. It looks like it would open up 30 points lower. The s p and nasdaq as well, lower. Checking treasuries, normally we start with the 10year. Today we start with the 2year note, something not seen since 2006. Im going to draw a line. Right now the 2year note at 5. 195 now. We continue to watch the moves on the 2year. We also want to take a look at the rest of the bond picture right now. The benchmark 10year at 4. 85, trading at levels we havent seen since 2007. The long bond getting close to a 5 yield. We also want to turn to energy. Oil po
Bank will likely push the timing of Interest Rate cuts further down the line. Meanwhile, on tuesday, australias government will unveil its annual budget, and were expecting measures to ease cost of living pressures in the country. And on friday, well get more data from china which should give us clues on whether consumers are spending with the release of Monthly Retail sales numbers. Tim waterer, chief market analyst, kcm trade, gave us his analysis. The latest batch is front and centre for financial markets. We are hoping to see maybe it will take down, two, three, 5 . If we see it heading in the right direction, then it could give the markets and momentum, as well as other assets, such as well as other assets, such as gold, and it could take some steam out of those us treasury yields, which remain elevated. But on the flip side, we know Inflation Data can be uncooperative and if it starts to edge higher, we have seen cases of that in the past, it could upset some of the confidence in