Youre watching daybreak. Asia coming to you live from new york, sydney and hong kong. Were counting down to asias major market opens the top stories this hour. Asian stocks set to follow wall street lower as strong us retail sales signal rates may be higher for longer. Dollar strength sinking apac currencies to this years low decision day for the reserve bank of new zealand. With cooler inflation and higher unemployment supporting another hold. Plus, china said to mull cutting stamp duty on stock trades as defensive reaction to a surprise rate cut shows president xi facing more tough choices. Lets take a look at us. Futures now down. The stock market had kind of a tough day today. Were seeing now some green on the screen. However, just basically still pretty much unchanged. And in fact, the the feeling here was that retail sales in the us stronger than expected. Why wasnt that good for stocks . Because Neel Kashkari, part of it at least, president minneapolis fed says he doesnt think t
Australia. I am in sydney where markets have just come online. I am in hong kong counting down to asias trading open and the top stories this hour. U. S. Stocks lose esteem near record highs as traders race for data and fedspeak. Treasury yields rising after options of two and fiveyear notes. Haidi tumbling 37 on lower asset prices and 1. 5 billion in writedowns. Annabelle and china calls on australia to support entry into a transpacific trade block at the wto chief called for reform to revive global commerce. Haidi a cautious session is what we are setting up for this tuesday morning. This is the start of the staggered session coming online. Woodside will be one of the last segments to come online in alphabetical order. Woodside profits sliding on lower prices. We are expect in a bit of pressure on how the stock trades today. We had the 1. 5 billion in charges with earnings falling a cross 2023 as production increased to a record. Taking a look across the rest of the markets, we are s
Equity futures a mixed open in asia. A flood of corporate debt sales before the fed decision. Oil surge adding to inflation worries as saudi arabia and russia extend output cuts through the end of the year. Lets get a quick check of u. S. Futures doing nothing right now. We are well into september, but it has been the Labor Day Weekend in the United States so we only had two trading sessions in september. To say session was basically the s p down for tens of 1 . Traditionally some timber not a great month for markets. It is the worst generally unless they have already rally between 10 and 20 . Given that we have rallied, may be able not be so bad this year. We will have to see. Mike wilson says 3900 is where we will end the year. There are bears out there. Nasdaq futures pointing lower. We had bonds seeing yields rally 15 basis points partially because 40 markets Companies Went to market and sold bonds, so a massive amount of issuance that would have depressed prices somewhat. We had a
Minister of Energy and Business, Senator Lisa Cummins, speaking at a press briefing on the 2024 Energy Development Scholarship today. To her left is Directo .
Australian shares edged higher to
snap from a two-day losing streak on Thursday, led by gains in
heavyweight financials, while investors keenly awaited domestic
jobs data for further clarity on the.