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May 10, 2024
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that's it from "daybreak: asia." our bank markets coverage continues as we look to the start of trade in hong kong, shanghai and shenzhen. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> it is friday. half an hour away from t
that's it from "daybreak: asia." our bank markets coverage continues as we look to the start of trade in hong kong, shanghai and shenzhen. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock,...
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May 6, 2024
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it's totally worth it. ♪ >> you are watching daybreak asia. pmi numbers for singapore, softening, the prior reading had been 55, a little softness. hong kong is looking bright. we saw hong kong gdp better than expected. >> we been following pressures and cicc is going to cut pay. one of china's biggest investment banks has communicated that staff could be relegated to lower ranks and demotions are rare. the plan is being reviewed as a way to cut costs without making them redundant and companies can terminate employees so demotions can read bankers to resign. the pay level was on par with goldman, but it has cut bonuses and cost pressures amid a slump, cicc ebay tight lid on costs. people are planning to demote bankers. >> this comes as xi jinping arrived in france. rebecca joins us for more. the choice of places is interesting. more receptive to china in the past? rebecca: they backed a key probe which triggered momentum in other areas, but emmanuel macron has a different voice from the rest of the union. they're hoping to put more space betwe
it's totally worth it. ♪ >> you are watching daybreak asia. pmi numbers for singapore, softening, the prior reading had been 55, a little softness. hong kong is looking bright. we saw hong kong gdp better than expected. >> we been following pressures and cicc is going to cut pay. one of china's biggest investment banks has communicated that staff could be relegated to lower ranks and demotions are rare. the plan is being reviewed as a way to cut costs without making them redundant...
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May 13, 2024
05/24
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daybreak: asia." counting down to asia major market opens. u.s. inflation front and center for us especially following university of michigan survey results on friday, but numbers coming out of china as well. haidi: really dire numbers when it comes to credit demand, but you look at households and corporates, just the difficulties that beijing policymakers are working with even as some parts of the market have run with the narrative that we have had a few good prints on certain parts of the economy, but the challenges still front and center there. annabelle: the open of japan, south korea, watching the nikkei225 coming online this morning. fairly flat so far, so tracks dissociated we had a wall street on friday, university of michigan survey showing deteriorating sentiment that sets the tone for inflation numbers due later this week and what it means for the fed. japanese yen tracking a slight decline, firming up following two bouts of intervention, but today we are getting closer to the 156 level at this point in time, and also keeping track on w
daybreak: asia." counting down to asia major market opens. u.s. inflation front and center for us especially following university of michigan survey results on friday, but numbers coming out of china as well. haidi: really dire numbers when it comes to credit demand, but you look at households and corporates, just the difficulties that beijing policymakers are working with even as some parts of the market have run with the narrative that we have had a few good prints on certain parts of...
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May 21, 2024
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haidi: more to come on daybreak asia. this is bloomberg. >> we have more than 50% investors standing versus last year so it is great to see the increased excitement about japan. there's a real debate going on here. not everyone is convinced that japan can continue to rally from here but we are having a lot of very detailed and constructive conversations about the improvement in corporate governance in particular. i think that is absolutely key focus for many investors and companies as they make the case we are more interested in uninvestigators, more interested in our share price than ever before and we are seeing a very strong debate kicking off this morning. haidi: corporate governance tell us more because it is one reason we have seen a run up in japanese equities. what more could be done if you can take one or two different objectives? >> the role of independent directors is a key theme. how independent are japanese companies? are they willing to let the board of directors what the strategy is and this is within key a
haidi: more to come on daybreak asia. this is bloomberg. >> we have more than 50% investors standing versus last year so it is great to see the increased excitement about japan. there's a real debate going on here. not everyone is convinced that japan can continue to rally from here but we are having a lot of very detailed and constructive conversations about the improvement in corporate governance in particular. i think that is absolutely key focus for many investors and companies as...
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May 31, 2024
05/24
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morehead on "daybreak: asia" as well. this is bloomberg. ♪ annabelle: we are about 20 minutes into the session. we've got a few different movers we are tracking, the likes of hybe dropping on a report that a court has barred the new genes removal. they say the rational is not sufficient to back the case, the company's case for dismissal. you see the stock reaction coming through. sk inc. we are tracking, we have reports of a ruling of the chairman of the companies divorce. that includes around a $1 billion settlement possibly to his wife. we are hearing details of that. the stock has been jumping as much as 10%. other names we are tracking, we are seeing signals of japan's corporate governance reform in action, so kansai, you see a big reaction, and fuji media as well, there is a report there is a push for an mbo to take place. some of the latest stories on the corporate front, tiktok pushing back at a reuters report that says the social media plus from is working on a clone of the recommended algorithm for u.s. users.
morehead on "daybreak: asia" as well. this is bloomberg. ♪ annabelle: we are about 20 minutes into the session. we've got a few different movers we are tracking, the likes of hybe dropping on a report that a court has barred the new genes removal. they say the rational is not sufficient to back the case, the company's case for dismissal. you see the stock reaction coming through. sk inc. we are tracking, we have reports of a ruling of the chairman of the companies divorce. that...
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May 16, 2024
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morehead on daybreak asia. this is bloomberg. ♪ wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money managers and specialists work together to make sure your portfolio and wealth are managed in a tax-efficient manner. it's what you keep that really matters. why not give your wealth a second look? book your free meeting today at creativeplanning.com. creative planning -- a richer way to wealth. >> humanity needs to mine about as much copper in the next 25 years as we have mind and last 25,000 years to maintain mobile gdp growth. we are going to dream about energy transition to power these lights, we need to mine the same amount of copper in a short amount of time as we ever have. most of the world's minds have been dried for capital, and we need them to be done in a new way, cleaner and a more sustainable way to mine, a huge challenge that requires a higher price to
morehead on daybreak asia. this is bloomberg. ♪ wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money managers and specialists work together to make sure your portfolio and wealth are managed in a tax-efficient manner. it's what you keep that really matters. why not give your wealth a second look? book your free meeting today at creativeplanning.com....
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May 27, 2024
05/24
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annabelle: this is "bloomberg daybreak: asia." the really big event this hour will be the boj governor ueda speaking at a conference, and i was looking at the theme of that. it is old and new challenges for monetary policy, but certainly that boj seems to be confronting both of those. haidi: that is pretty apt given the nature of the challenges that face the bank of japan as it looks into this beyond actually having interest rates beyond negative territory, so interesting conversation as we have seen a degree of patience or comfort in terms of where japanese bond yields are traveling as well as weakness we have seen in the economy as well. annabelle: that is right, and lots to be discussed in terms of market action in japan in particular, jgb 10-year yield sitting at a high, interesting to monitor given changing expectations. traders agitating for the boj to shift its policy settings higher. that is playing into yen dynamics and we have seen that sensitive to the yield gap between the boj and the fed, fairly steady but tracking ar
annabelle: this is "bloomberg daybreak: asia." the really big event this hour will be the boj governor ueda speaking at a conference, and i was looking at the theme of that. it is old and new challenges for monetary policy, but certainly that boj seems to be confronting both of those. haidi: that is pretty apt given the nature of the challenges that face the bank of japan as it looks into this beyond actually having interest rates beyond negative territory, so interesting conversation...
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May 24, 2024
05/24
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we will have more on daybreak asia. this is bloomberg. ♪ annabelle: chinese premier heads to seoul this weekend for a summit with the leaders of japan and south korea in the talks for the first time in five years. our correspondent joins us. we look at china, japan, south korea they all play a big role in chipmaking. will that be a key focus of the talks? >> it will certainly be a big part at a time where china faces restrictions from the u.s., the netherlands, and washington continues to court korea japan to expand limitation of exports to china at a time when korea is the largest provider of chips to china and japan also the largest provider of silicon wafers to china so premier league will use the trip to shore up china's security and big states for japan because they have big companies with big presence in china they will be worried about potential retaliation here and i'm as of the as an because washington is said to be pushing for a deal with korea on these cuts by june before the g7 summit and then the japanese
we will have more on daybreak asia. this is bloomberg. ♪ annabelle: chinese premier heads to seoul this weekend for a summit with the leaders of japan and south korea in the talks for the first time in five years. our correspondent joins us. we look at china, japan, south korea they all play a big role in chipmaking. will that be a key focus of the talks? >> it will certainly be a big part at a time where china faces restrictions from the u.s., the netherlands, and washington continues...
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May 29, 2024
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that is just about it for "daybreak: asia." markets coverage continues as we look ahead to the start of trading in hong kong, shanghai, and shenzhen. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh david: half an hour away from the opening bills. you're watching the china show. let's get to your top stories
that is just about it for "daybreak: asia." markets coverage continues as we look ahead to the start of trading in hong kong, shanghai, and shenzhen. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh david: half an hour away from the opening bills. you're watching the china show. let's get to your top stories
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May 17, 2024
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that is it for "daybreak: asia." coverage continues as we look ahead to the start of trade in hong kong, shanghai and shenzhen. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. clogged gutters can cause big problems fast. until now. call 833-leaffilter today for your free gutter inspection. i've had terrible flooding problems on my porch. now i understand why. right now leaffilter is offering a free inspection, on your schedule. leaffilter is a permanent gutter solution, so you never have to worry about costly damage from clogged gutters again. call us today and schedule your free inspection. to schedule your free inspection, call 833.leaf.filter today or visit leaffilter.com. ♪ >>
that is it for "daybreak: asia." coverage continues as we look ahead to the start of trade in hong kong, shanghai and shenzhen. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. clogged gutters can cause big problems fast. until now. call 833-leaffilter today for your...
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May 23, 2024
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m annabelle: you're watching "daybreak: asia." just taking a look at some economic data that just crossed the terminal. we have ppi -- pmi data from japan. looking at those results, we have actually had the manufacturing reading expanding above that 50 line for the first time since may 20. this is the private survey that comes through. we are tracking that permits the manufacturing pmi coming in at 50.5. these are the preliminary numbers for may. first i would have seen it above 50 in a year. we have services. a slight deterioration from the month prior but still above the 50 mark, 53.6. it was 54.3 in the month prior. the confidence reading pretty much study, 52 .4. but the focus is very much on the services pmi -- manufacturing above 50 since may of last year. haidi:. haidi: let's look at how markets are tracking at the moment. it has been a mixed session. it was a mixed session overnight. the pass when it comes to those of nvidia numbers is not immediately clear other than when you look at the tech-heavy markets. the nikkei 225
m annabelle: you're watching "daybreak: asia." just taking a look at some economic data that just crossed the terminal. we have ppi -- pmi data from japan. looking at those results, we have actually had the manufacturing reading expanding above that 50 line for the first time since may 20. this is the private survey that comes through. we are tracking that permits the manufacturing pmi coming in at 50.5. these are the preliminary numbers for may. first i would have seen it above 50 in...
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May 22, 2024
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haidi: welcome to "daybreak: australia." we are counting down to asia's major market opens. annabelle: the top stories this hour, asia's chip and tech stocks sent to take the spotlight after nvidia delivers a bullish sales forecast, bolstering confidence in the ai frenzy. haidi: anglo american agrees to talks with bhp, opening the door to what could become the biggest mining deal in over a decade. annabelle: plus, we speak would live with rbnz governor adrian orr about the central bank's office hold and why he is still worried about sticky inflation. haidi: that is a big conversation as we continue to talk about risks when it comes to economies deciding when the first easing move will comp it we have more data coming through across the bloomberg and it australia pmi. the may flash manufacturing pmi coming in unchanged. still in the contraction territory. the composite number coming in at 52.6. also that a bit of weakness from the previous reading of 53. the preliminary services number maintaining a little bit of strength above 53, but still some softening from the previous r
haidi: welcome to "daybreak: australia." we are counting down to asia's major market opens. annabelle: the top stories this hour, asia's chip and tech stocks sent to take the spotlight after nvidia delivers a bullish sales forecast, bolstering confidence in the ai frenzy. haidi: anglo american agrees to talks with bhp, opening the door to what could become the biggest mining deal in over a decade. annabelle: plus, we speak would live with rbnz governor adrian orr about the central...
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May 8, 2024
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we will have "daybreak: asia." this is bloomberg. ♪ annabelle: a separately lackluster trading session so far for asian equities broadly but one of them is giving us something to talk about this morning, hd hyundai marvin solution. it is a ship-repair company. just started trading this morning. let's bring in philippe laffont's incredible results so far. 40% surge on the first day. it was a bit expected, right? filipe: it's great to have something great to talk about. it has been so tough here in hong kong so this is a refresher. it was expected to have great performance on the first day of trade. this company is part of the human day group, a very specific business, they work in repairing chips for clients all over the world -- in repairing ships. we heard there was very good demand for the shares, 200x above what was being offered. but the stock was priced at the top of the range. the size of this ipo is around $550 million. if we were talking about the size of -- a deal of this size three years ago, it wouldn'
we will have "daybreak: asia." this is bloomberg. ♪ annabelle: a separately lackluster trading session so far for asian equities broadly but one of them is giving us something to talk about this morning, hd hyundai marvin solution. it is a ship-repair company. just started trading this morning. let's bring in philippe laffont's incredible results so far. 40% surge on the first day. it was a bit expected, right? filipe: it's great to have something great to talk about. it has been so...
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May 3, 2024
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more to come on daybreak asia. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh >> take a look at one of the stocks we are watching. really essentially a raise among all the losses -- erasing all the losses, the bank did report a steep 32% decline. paul allen is with us for more analysis. this was pretty well flight. >> it was -- well flagged. >> it was. mccoury says it was not going to be a great year. $3.5 cash profit was amiss as well. the commodities part of the business, the 47% decline in terms of its contribution to net profit there's been substantially lower inventory management according to mcquarrie, trading has been down and it is the same story for investing, 48%, a weak environment for dealmaking and m&a on the rest of it. mcquarrie did note that there is a lot of uncertainty and some -- the dividends look pretty good on the face of it 3 85 a share. a 40% dec
more to come on daybreak asia. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh >> take a look at one of the stocks we are watching. really essentially a raise among all the losses -- erasing all the losses, the bank did report a steep 32% decline. paul allen is with us for more analysis. this was pretty well flight. >> it was -- well...
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May 30, 2024
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haidi: this is "daybreak: asia." we are counting down to asia's major markets opens as markets come online in the next two minutes. and surprisingly a pretty weak follow-through in asia. seeing a string of weeks treasury auction start to affect the sentiment across other asset classes, be it commodities and equities. yeah paul: , a really rough day for aussie bonds yesterday. the beta book from the u.s. showed a slight to modest positive outlook for the economy going forward. but, yeah, we still have bets for rate cuts this year. interesting to see if they will be repriced. haidi: fed governor raphael bostic saying the fed will start looking at cutting, but they need to see further disinflation and some elements they are seeing are still quite concerning. so again, the messaging is that they are not in a hurry. they want to see more. not going to be something that gives joy to the markets. the nikkei is off by 1% right off the bat. weakness across the topics -- topix. with the levels we are looking at, and perhaps no
haidi: this is "daybreak: asia." we are counting down to asia's major markets opens as markets come online in the next two minutes. and surprisingly a pretty weak follow-through in asia. seeing a string of weeks treasury auction start to affect the sentiment across other asset classes, be it commodities and equities. yeah paul: , a really rough day for aussie bonds yesterday. the beta book from the u.s. showed a slight to modest positive outlook for the economy going forward. but,...
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May 13, 2024
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annabelle: this is "bloomberg daybreak: asia." counting down to asia major market opens. u.s. inflation front and center for us especially following university of michigan survey results on friday, but numbers coming out of china as well. haidi: really dire numbers when it comes to credit demand, but you look at households and corporates, just the difficulties that beijing policymakers are working with even as some parts of the market have run with the narrative that we have had a few good prints on certain parts of the economy, but the challenges still front and center there. annabelle: the open of japan, south korea, watching the nikkei225 coming online this morning. fairly flat so far, so tracks dissociated we had a wall street
annabelle: this is "bloomberg daybreak: asia." counting down to asia major market opens. u.s. inflation front and center for us especially following university of michigan survey results on friday, but numbers coming out of china as well. haidi: really dire numbers when it comes to credit demand, but you look at households and corporates, just the difficulties that beijing policymakers are working with even as some parts of the market have run with the narrative that we have had a few...
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May 21, 2024
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annabelle: this is daybreak asia , counting down to the open. it is that big camp down from investors to the nvidia numbers due out later, and the sky high bar, can we jump over it? haidi: and what happens to the rest of the market? we see more breadth being created, maybe a rotation into value. certainly, central banks are not further off, we have the rbn decision and expectations are to be unchanged, but we are watching for any nuances or communication about how close we are to easing. annabelle: not just the rbn but fed officials over the past hour, the boston fed president, susan collins, cleveland fed president, and also the atlanta fed president reinforcing this need to keep
annabelle: this is daybreak asia , counting down to the open. it is that big camp down from investors to the nvidia numbers due out later, and the sky high bar, can we jump over it? haidi: and what happens to the rest of the market? we see more breadth being created, maybe a rotation into value. certainly, central banks are not further off, we have the rbn decision and expectations are to be unchanged, but we are watching for any nuances or communication about how close we are to easing....
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May 23, 2024
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i'm more than who i am on paper. >> this is daybreak asia and we are counting down to asia's major market opens and u.s. economic data looking to cast a shadow across the region and also numbers that came out of japan around inflation to watch as well. haidi: potentially pushback from the video j -- from the bank of japan and weakness in the yen but nvidia excitement is still there but we are seeing a return to reality when it comes to seeing central banks led by the fed staying higher for longer and what does it mean to sustain the momentum of the rally. annabelle: set a high for longer will play into the direction of the japanese yen. michael wilson saying everything is converging for further yen weakness, trading around the 157 bark today and we had japan inflation numbers out earlier calling for [indiscernible] still above the price target of 2% but we see
i'm more than who i am on paper. >> this is daybreak asia and we are counting down to asia's major market opens and u.s. economic data looking to cast a shadow across the region and also numbers that came out of japan around inflation to watch as well. haidi: potentially pushback from the video j -- from the bank of japan and weakness in the yen but nvidia excitement is still there but we are seeing a return to reality when it comes to seeing central banks led by the fed staying higher...
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May 14, 2024
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we will have more here on daybreak asia. this is bloomberg. ♪ annabelle: let's get to market calls. jp morgan says it is difficult to justifying stocks due to elevated interest rates and meager potential returns and that the market is prematurely settling into the soft landing narrative and macro outlook is uncertain and more stocks -- until the next recession. bank of america says it would take broad global risks for the u.s. to potentially coordinate efforts with japan to shore up the yen. one strategist sees the u.s. getting involved only to curb excessive volatility and that tacit approval of japan's unilateral activity seems to be the most the u.s. treasury is willing to concede at present haidi. haidi: blackrock says the private market boom and if and when the fed decides to reduce interest rates. susan chen shares her thoughts on the timing of those anticipated cuts. >> i am not sure the feds will take the rates down because there is no factor that is for my personal opinion there were no macro factors today that would have a strong dictation of said should move on rates so i
we will have more here on daybreak asia. this is bloomberg. ♪ annabelle: let's get to market calls. jp morgan says it is difficult to justifying stocks due to elevated interest rates and meager potential returns and that the market is prematurely settling into the soft landing narrative and macro outlook is uncertain and more stocks -- until the next recession. bank of america says it would take broad global risks for the u.s. to potentially coordinate efforts with japan to shore up the yen....
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May 17, 2024
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"daybreak: asia." we are counting down to faith major market opens. a bit of a subdued session today. traders may be rethinking their expectations around inflation. jamie dimon told us the chances of things going on right are higher than people think -- going wrong are higher than people think. haidi: yes, being brought down to earth a little bit. not surprising after we had record high after record highs across an array of asset classes. an exuberant reaction to those cpi numbers. and annabelle: things are very elevated anyway because we saw the dow jones hitting the 40,000 mark. but let's turn to the open of japan, south korea, australia
"daybreak: asia." we are counting down to faith major market opens. a bit of a subdued session today. traders may be rethinking their expectations around inflation. jamie dimon told us the chances of things going on right are higher than people think -- going wrong are higher than people think. haidi: yes, being brought down to earth a little bit. not surprising after we had record high after record highs across an array of asset classes. an exuberant reaction to those cpi numbers....
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May 7, 2024
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. ♪ ♪ annabelle: this is "daybreak: asia." we are counting down to asia's major market opens. setting up for an absolutely lackluster session today if you look at the queues we have for mustard overnight. , rally continue from here? haidi: not just the fed, we heard from neel kashkari speaking to bloomberg earlier saying they are not going to back down from higher-for-longer until they are confident inflation has returned to desired levels. but also, australia going into the open, we had our rba signaling it will be a higher-for-longer rate environment in this economy you will. annabelle: that's right and one of the stories we are tracking is that rents could be the next thing to fall in this inflation battle. at the start of the day, it is that focus on what is happening with the japanese yen, heading closer to the 155 mark. we had governor ueda meeting the
. ♪ ♪ annabelle: this is "daybreak: asia." we are counting down to asia's major market opens. setting up for an absolutely lackluster session today if you look at the queues we have for mustard overnight. , rally continue from here? haidi: not just the fed, we heard from neel kashkari speaking to bloomberg earlier saying they are not going to back down from higher-for-longer until they are confident inflation has returned to desired levels. but also, australia going into the open,...
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May 15, 2024
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haidi: welcome to "daybreak: australia." we are counting down to asia's major market opens. annabelle: i'm annabelle droulers in hong kong. the top stories is our, positive move as the u.s. inflation gauge slowdown reinforces fed cuts as early as september. wall street stocks closing at fresh record highs while bond yields retreat. japan's megabanks forecasting record net income as the boj moves away from negative rates, seeing a combined windfall of $21 billion. and china tech earnings on the way. we'll bring you jd.com and baidu results. haidi: take a look at how we are setting up in asia, set to rally after u.s. stocks and bonds climbed on indications of slowly but surely slowing inflation data from that cpi print. the takeaway was that potentially provides affair with a little more room to start easing sooner, even as we've heard from jay powell that in the face of lacking evidence of disinflation or pressures that we may be staying higher for longer. it's a pretty robust set up, sidney futures up about .6%. a pop when it comes to trading in new zealand, nikkei futures l
haidi: welcome to "daybreak: australia." we are counting down to asia's major market opens. annabelle: i'm annabelle droulers in hong kong. the top stories is our, positive move as the u.s. inflation gauge slowdown reinforces fed cuts as early as september. wall street stocks closing at fresh record highs while bond yields retreat. japan's megabanks forecasting record net income as the boj moves away from negative rates, seeing a combined windfall of $21 billion. and china tech...
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May 28, 2024
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. >> this is daybreak asia and we are counting down to asia's major market opens. u.s. markets closed monday for memorial day. we can expect upside in the session today. haidi: it is the combination of stronger data across inflation numbers globally this week will paint a better picture of expectations from central banks on the fed in terms of if it will be higher for longer. annabelle: the big question is when will they be ready to shift away from current policy settings on something we will track closely in japan. the open for japan, south korea and australia and we are tracking a few different things this morning. 10 minutes ago we had japan release the services producer prices and we saw
. >> this is daybreak asia and we are counting down to asia's major market opens. u.s. markets closed monday for memorial day. we can expect upside in the session today. haidi: it is the combination of stronger data across inflation numbers globally this week will paint a better picture of expectations from central banks on the fed in terms of if it will be higher for longer. annabelle: the big question is when will they be ready to shift away from current policy settings on something we...
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May 30, 2024
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haidi: this is "daybreak: asia." we are counting down to asia's major markets opens as markets come online in the next two minutes. and surprisingly a pretty weak follow-through in asia. seeing a string of weeks treasury auction start to affect the sentiment across other asset classes, be it commodities and equities. yeah paul: , a really rough day for aussie bonds yesterday. the beta book from the u.s. showed a slight to modest positive outlook for the economy going forward. but, yeah, we still have bets for rate cuts this year. interesting to
haidi: this is "daybreak: asia." we are counting down to asia's major markets opens as markets come online in the next two minutes. and surprisingly a pretty weak follow-through in asia. seeing a string of weeks treasury auction start to affect the sentiment across other asset classes, be it commodities and equities. yeah paul: , a really rough day for aussie bonds yesterday. the beta book from the u.s. showed a slight to modest positive outlook for the economy going forward. but,...
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May 2, 2024
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haidi: this is "daybreak: asia." we are counting down to asia's major market opens. what a week it has been when it comes to yen volatility. suspicion of intervention looking at the current account numbers. we do see characteristics of two bouts of intervention by japanese authorities this week. right, belle. we are also looking ahead to the u.s. jobs numbers after that less hawkish than expected pay that we heard this week, whether it will firm up expectations for policy going forward. annabelle: that's right, certainly the big focus on nonfarm payrolls expecting around 240,000 gain for the latest reading. slowest pace since november, . haidi: and big tech is in focus. we will be watching this apple has edges and suppliers. he saw investors reacting positively to what was relatively a mixed bag in the latest set of numbers. let's get you to the start of trading, we are actually 10 seconds into the start of cash trading as australia comes online. not much to report, but it has been
haidi: this is "daybreak: asia." we are counting down to asia's major market opens. what a week it has been when it comes to yen volatility. suspicion of intervention looking at the current account numbers. we do see characteristics of two bouts of intervention by japanese authorities this week. right, belle. we are also looking ahead to the u.s. jobs numbers after that less hawkish than expected pay that we heard this week, whether it will firm up expectations for policy going...
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May 22, 2024
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haidi: more to come here on "daybreak asia." this is bloomberg. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. haidi: an investigation after one person was killed and dozens of others injured. a singapore airlines flight hit turbulence. some of the images, the video is quite confronting. what do we know? abr -- avril: this was a surprising and traumatic incident for those involved. we're have singapore transport authorities are incontact with their thai counterparts, and they will send investigators to bangkok where the plane made an emergency landing. authorities in thailand are doing the same, and we also hear have singapore airlines has already said it is workin
haidi: more to come here on "daybreak asia." this is bloomberg. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which...
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May 27, 2024
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annabelle: this is "bloomberg daybreak: asia." the really big event this hour will be the boj governor ueda speaking at a conference, and i was looking at the theme of that. it is old and new challenges for monetary policy, but certainly that boj seems to be confronting both of those. haidi: that is pretty apt given the nature of the challenges that face the bank of japan as it looks into this beyond actually having interest rates beyond negative territory, so interesting conversation as we have seen a degree of patience or comfort in terms of where japanese bond yields are traveling as well as weakness we have seen in the economy as well. annabelle: that is right, and lots to be discussed in terms of market action in japan in
annabelle: this is "bloomberg daybreak: asia." the really big event this hour will be the boj governor ueda speaking at a conference, and i was looking at the theme of that. it is old and new challenges for monetary policy, but certainly that boj seems to be confronting both of those. haidi: that is pretty apt given the nature of the challenges that face the bank of japan as it looks into this beyond actually having interest rates beyond negative territory, so interesting conversation...
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May 28, 2024
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more ahead on daybreak asia as well. this is bloomberg. ♪ annabelle: we are nearly one hour into the session and a couple movers are standing out. sm entertainment dropping. there was a block trade of shares at a discount and that is reflected here. a little pressure. we are tracking tokyo where shares in focus and we saw a drug being developed in partnership with astra extending the lives of some lung cancer patients but not being reflected so far we saw broad weakness in equities today, chip stocks want to know because micron building a new plant in hiroshima and chinese chip stocks the other big focus when markets open in hong kong and mainland china we are already seeing chipmakers moving yesterday after beijing announced the largest ever to fund to propel development of domestic chip sector. clogged gutters can cause big problems fast. until now. call 833-leaffilter today for your free gutter inspection. i've had terrible flooding problems on my porch. now i understand why. right now leaffilter is offering a free
more ahead on daybreak asia as well. this is bloomberg. ♪ annabelle: we are nearly one hour into the session and a couple movers are standing out. sm entertainment dropping. there was a block trade of shares at a discount and that is reflected here. a little pressure. we are tracking tokyo where shares in focus and we saw a drug being developed in partnership with astra extending the lives of some lung cancer patients but not being reflected so far we saw broad weakness in equities today,...
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May 29, 2024
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i'm more than who i am on paper. >> this is daybreak: asia. another station in a row where we've. not much through coming through for the wall street session, but asian stocks looking perhaps a trend to the downside. heidi: most of the moves across the bomb market. -- the bond market. that is going to be a key piece of data for the rba as it heads into the mid june meeting. we are expecting the hawkish hold to be capped, but closely watching the price numbers from today. annabelle: we are trained keenly to any inflation data. we have the preferred u.s. inflation gauge from the fed coming later this week. there is the open we are tracking for japan. the yield gap has been putting downside pressure on the japanese yen, trading north
i'm more than who i am on paper. >> this is daybreak: asia. another station in a row where we've. not much through coming through for the wall street session, but asian stocks looking perhaps a trend to the downside. heidi: most of the moves across the bomb market. -- the bond market. that is going to be a key piece of data for the rba as it heads into the mid june meeting. we are expecting the hawkish hold to be capped, but closely watching the price numbers from today. annabelle: we are...
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May 2, 2024
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we will have more to come on daybreak asia. this is bloomberg. ♪ haidi: watch of shares of dbs when trading gets underway. reporting a profit beat and continue to benefit from higher lending income. when it comes to dbs, what was the standout for you? >> it beat estimates on all aspects. from lending income, wealth income. the ceo also guided for a better year this year. in 2023, dbs already posted record earnings, where the number topped 10 billion singapore dollars. this year so far it would be even better. annabelle: what stood out to you in terms of asset quality? does that remain manageable for the lender? >> singapore banks typically have lower than peers mpl. that assets still only at 1.1% of total assets. it is not just manageable, it is quite good. it is a good sign. there is one thing i would like to add -- annabelle: please, continue. >> one thing i would like to add is some analyst pointed out that traditionally, the first quarter for dbs are the best ones. so we should expect to see muted corridors going down the
we will have more to come on daybreak asia. this is bloomberg. ♪ haidi: watch of shares of dbs when trading gets underway. reporting a profit beat and continue to benefit from higher lending income. when it comes to dbs, what was the standout for you? >> it beat estimates on all aspects. from lending income, wealth income. the ceo also guided for a better year this year. in 2023, dbs already posted record earnings, where the number topped 10 billion singapore dollars. this year so far...
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May 15, 2024
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haidi: more ahead on daybreak: asia. this is bloomberg. ♪ haidi: indian prime minister narendra modi has grown highly popular and deeply polarizing. bloomberg originals is been looking at his rise, and his policies mean for his country's future. here is a preview. >> who is narendra modi? well, it depends on who you ask. >> india's prime minister makes the impossible possible. >> he is very conscious of his image in history. >> he has completely seduced the hindi hindu belt. >> some view him as the most effective prime minister in the history of india. he is passionately worshiped by millions. and hailed as one of the world's most popular leaders, with approval ratings surpassing 70%. >> democracy delivers. and democracy empowers. >> on the other hand, critics see him as an autocratic hindu nationalist who marginalizes minorities and undermines democratic norms. >> the idea that india is a democracy, , this is a lie. haidi: for more on why narendra modi is highly popular as well as deeply polarizing, you can read today
haidi: more ahead on daybreak: asia. this is bloomberg. ♪ haidi: indian prime minister narendra modi has grown highly popular and deeply polarizing. bloomberg originals is been looking at his rise, and his policies mean for his country's future. here is a preview. >> who is narendra modi? well, it depends on who you ask. >> india's prime minister makes the impossible possible. >> he is very conscious of his image in history. >> he has completely seduced the hindi hindu...
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May 9, 2024
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we have more ahead on daybreak asia. this is bloomberg. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. annabelle: hong kong is turning to oil-rich saudi arabia for new phones to help offset a growing list of challenges facing its stock market. they are cohosting a conference today for saudi firms to meet asian investors. our china show coanchor yvonne man joins us now. we have already seen for instance csop issuing an etf that tracks -- this is another signal of this growing connection we are seeing between the middle east and hong kong and greater china. yvonne: that's right. it is at the inaugural event of the capital markets forum. as hong kong exchange. the the
we have more ahead on daybreak asia. this is bloomberg. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty...
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May 10, 2024
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. ♪ annabelle: this is "daybreak: asia." we are counting down to asia's major market opens. if the wall street session was any guide, we can expect optimism. the question is how sustainable those moves are. perhaps a bit of a lack of conviction in some traders right now. haidi: yes, and the data, goldilocks for now in terms of the sentiment towards what the fed will do next, but it is also a busy end to the week. 600 companies reporting earnings in japan as one example. so we have a lot to get through it and a lot of ability to move these markets. annabelle: that's right. also recapping the bigger movers , bigger earnings that came out yesterday. one of the names we are tracking in tokyo today is nissan, with a strong output for them. the weaker yen playing into that. and we heard from
. ♪ annabelle: this is "daybreak: asia." we are counting down to asia's major market opens. if the wall street session was any guide, we can expect optimism. the question is how sustainable those moves are. perhaps a bit of a lack of conviction in some traders right now. haidi: yes, and the data, goldilocks for now in terms of the sentiment towards what the fed will do next, but it is also a busy end to the week. 600 companies reporting earnings in japan as one example. so we have a...
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May 5, 2024
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. ♪ >> this is daybreak asia. it was a probable sigh of relief across markets at least on wall street. we are expecting that reprieve to carry through to the asian session. the jobs print, a goldilocks number in terms of putting back on the table the prospect of said easing -- fed easing. haidi: the estimate had been for 240,000 so a lot softer than had been predicted by economists. perhaps the fed could have reason to cut as soon as september. >> let's take a look at how we are setting up here in sydney as we come online in just a couple of seconds. just a reminder, japan is closed for a public holiday today so we are seeing a few markets in fact shuttered on this monday session. sydney, you already out of the gates a little bit to the upside, about .6% and we are
. ♪ >> this is daybreak asia. it was a probable sigh of relief across markets at least on wall street. we are expecting that reprieve to carry through to the asian session. the jobs print, a goldilocks number in terms of putting back on the table the prospect of said easing -- fed easing. haidi: the estimate had been for 240,000 so a lot softer than had been predicted by economists. perhaps the fed could have reason to cut as soon as september. >> let's take a look at how we are...
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May 30, 2024
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haidi: this is "daybreak: asia." perhaps not so much as something with market indications but the focus the last couple of hours is the new york court room where donald trump has been convicted in a historic case. haidi: historic indeed. first former president to be found guilty of crimes, all 34 charges when it comes to the falsification of business records to conceal these payments. yes this is a market that tends to look through some of these shorter-term domestic u.s. political complications but it is a complication. all the implications in terms of swing voters and the logistics of how he continues to run for president from here. annabelle: certainly a lot of questions and probably more questions past this stage. markets coming online, is a day for japanese economic data, the most forward-looking we've had come through is the tokyo inflation numbers. a bit of a pickup over make, so does perhaps keep the boj on track for rate hikes. we sell r
haidi: this is "daybreak: asia." perhaps not so much as something with market indications but the focus the last couple of hours is the new york court room where donald trump has been convicted in a historic case. haidi: historic indeed. first former president to be found guilty of crimes, all 34 charges when it comes to the falsification of business records to conceal these payments. yes this is a market that tends to look through some of these shorter-term domestic u.s. political...
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May 2, 2024
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that is it from bloomberg markets: asia. daybreak middle east and africa up next. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg l.p., its affiliates, or its employees. >>
that is it from bloomberg markets: asia. daybreak middle east and africa up next. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit......
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May 3, 2024
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that's where we will leave it for "bloomberg markets: asia." "daybreak: middle east and africa" is next. this is bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets,
that's where we will leave it for "bloomberg markets: asia." "daybreak: middle east and africa" is next. this is bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the...
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May 13, 2024
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msci asia-pacific is flat at 177. we will talk eu elections with johan, a member of european parliament. stay tuned, that is next, this tom: good morning, this is "bloomberg daybreak europe," i'm tom mackenzie in london. asia stocks start the week mixed as reports emerge china will begin selling $138 billion in ultra long bonds. traders looking ahead to u.s. cpi data due out later this week. president biden is set to quadruple tariffs on chinese dvds and sharply increase levies on other key industries, as washington's trade battle with beijing intensifies. leadership shakeup. russian president vladimir putin replaces his long serving defense minister, an unexpected changing of the guard more than two years into moscow's invasion of ukraine. let's check in on these markets. worth or electing on the fact that the s&p notched gains just shy of 0.2%, back above 5200. currently european figures after notching record highs by the close on friday, are looking to add about a 10th of a percent in the session, that's what's bee
msci asia-pacific is flat at 177. we will talk eu elections with johan, a member of european parliament. stay tuned, that is next, this tom: good morning, this is "bloomberg daybreak europe," i'm tom mackenzie in london. asia stocks start the week mixed as reports emerge china will begin selling $138 billion in ultra long bonds. traders looking ahead to u.s. cpi data due out later this week. president biden is set to quadruple tariffs on chinese dvds and sharply increase levies on...
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May 14, 2024
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♪ >> welcome to daybreak australia. we are counting down to asia's market opens. >> i'm annabelle droulers. ahead of u.s. inflation data a big tech rally within a whisker of big tech rallies. heidi: tariffs on imports after president biden accuses china of treating on -- cheating on trade. paul: i'm paul allen words the government handed down a budget that is handing down cost-of-living relief. >> i'm avril reporting live as the countries leader prepares to take power. unprecedented challenges facing the new prime minister. annabelle: counting down across asia. u.s. futures are steady in the context of a run of in the prior session. a new fresh record high, tesla and nvidia and optimism around stocks. game stock was up 60%. adding to gains. a few points to know, producer inflation data topping forecasts. beneath the surface there were details that offered relief and we can get more details in a moment. hearing from jay powell. heidi: big focus, the number caused a reversal, maybe the data is softening because inflation
♪ >> welcome to daybreak australia. we are counting down to asia's market opens. >> i'm annabelle droulers. ahead of u.s. inflation data a big tech rally within a whisker of big tech rallies. heidi: tariffs on imports after president biden accuses china of treating on -- cheating on trade. paul: i'm paul allen words the government handed down a budget that is handing down cost-of-living relief. >> i'm avril reporting live as the countries leader prepares to take power....
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May 13, 2024
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♪ >> welcome to daybreak australia. we are counting down to asia's major market opens. >> i'm annabelle. investors keeping their powder dry with some warning of stock swings. janet yellen admits china may retaliate against biden administration tariffs increases. and the albanese government announcing australia's second budget surplus without stoking in laois and. heidi: given all the threats we are seeing sydney futures muted. a worried session on wall street will way on what the fed does and other central banks. headwinds are building and the risk of threats on china and retaliation. certainly not a great deal of risk appetite. kiwi stocks looking softer, k futures looking glass of not making too much of a move. it's near the top of developed markets, it is what can they do a cost-of-living crisis. it will flesh out further expectations or hopes of race cuts. haidi: that's right, speaking with economists about the need for fiscal prudence but here is the outlook for futures online, reflects intraday caution and equitie
♪ >> welcome to daybreak australia. we are counting down to asia's major market opens. >> i'm annabelle. investors keeping their powder dry with some warning of stock swings. janet yellen admits china may retaliate against biden administration tariffs increases. and the albanese government announcing australia's second budget surplus without stoking in laois and. heidi: given all the threats we are seeing sydney futures muted. a worried session on wall street will way on what the...
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May 8, 2024
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haidi: our east asia government editor jon herskovitz. more ahead on daybreak australian. this is bloomberg. ♪ haidi: a sydney apartment described as the most luxurious penthouse of the summit -- the summer in -- the price tag has been cut by 10% to still an eye watering $59 million u.s. we have more on this. you have access to this incredible property. why has it been so hard to find a buyer? >> the property was completed in late 2021, which was the post-pandemic period. we saw chinese buyers had kind of moved out of australian luxury property market around 2018, 2019, because of pressure from china on capital slows. china used to be the number one source country for australia as far as foreign investment was concerned. this was everything but residential real estate was a huge part of the investment. now they are number four or number five. so we can see that that amount has dropped drastically. it is probably the timing. it is probably the fact that we don't have as many rich chinese people who are willing to make that big bet. and also we only have got this deal for
haidi: our east asia government editor jon herskovitz. more ahead on daybreak australian. this is bloomberg. ♪ haidi: a sydney apartment described as the most luxurious penthouse of the summit -- the summer in -- the price tag has been cut by 10% to still an eye watering $59 million u.s. we have more on this. you have access to this incredible property. why has it been so hard to find a buyer? >> the property was completed in late 2021, which was the post-pandemic period. we saw chinese...
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May 6, 2024
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haidi: welcome to "daybreak: australia." we are counting down to asia's major market opens. annabelle: the top stories this hour, asian stocks set for early gains with the best three-day rally since november on bets of fed rate cut this year is still on the cards. australia's reserve bank looking set for a hawkish hold. haidi: and anz with a buyback is the first time i earnings miss estimates. we speak with the group ceo, shane elliott. annabelle: israel rejects the cease-fire plan backed by hamas. we check on how u.s. futures are coming online this morning. we just come off the best three-day rally for stocks going back to november of last year. the s&p 500 pushed above its 50 day moving average in the prior session. it all comes down to a solid earnings season that has been driving optimism's and expectations at the fed will cut rates later this year. we heard from the citadel ceo about this. take a listen. >> there likely -- there still question of will inflation accelerating up by then. deglobalization happening, that takes away from the constant deflationary trend that
haidi: welcome to "daybreak: australia." we are counting down to asia's major market opens. annabelle: the top stories this hour, asian stocks set for early gains with the best three-day rally since november on bets of fed rate cut this year is still on the cards. australia's reserve bank looking set for a hawkish hold. haidi: and anz with a buyback is the first time i earnings miss estimates. we speak with the group ceo, shane elliott. annabelle: israel rejects the cease-fire plan...
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May 20, 2024
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♪ >> welcome to "daybreak australia." we're counting down to asia's major market opens. annabelle: a flat lead in for asia with stocks nearing all-time highs. jamie diamond said the bank won't buy back a lot of stock at current prices. haidi: a high anticipated earnings report. we hear exclusively from the c.e.o. jenseng on. annabelle: a lot of speculation after the iranian king's death. >> sydney futures down about a on the 01%. the nikkei futures seeing a bit of weakness. pretty cautious setup from wall street. we are waiting for nvidia numbers, the crux of the frenzy, and can it sustain another leg further? we are seeing futures to mild losses in hong kong. a bit of a dip in australia. perhaps a little bit of a gain in japan once we get start. remember, we're trading pretty close to near all-time highs for a lot of these major markets. >> that's right. it was pretty much the same story in the u.s. session. we had u.s. stocks sitting around the multi-year highs. treasury is inching lower in the session. more fed speakers on the take. we're going to hear from the atlant
♪ >> welcome to "daybreak australia." we're counting down to asia's major market opens. annabelle: a flat lead in for asia with stocks nearing all-time highs. jamie diamond said the bank won't buy back a lot of stock at current prices. haidi: a high anticipated earnings report. we hear exclusively from the c.e.o. jenseng on. annabelle: a lot of speculation after the iranian king's death. >> sydney futures down about a on the 01%. the nikkei futures seeing a bit of...
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May 10, 2024
05/24
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this is "bloomberg daybreak: europe." i am lizzy burden in london and these are the stories that set your agenda. stocks in asia higher after an upbeat day on wall street, with u.s. jobs data supporting the case for fed rate cuts this year. in the u.k., bank of england governor andrew bailey opening the door to a possible cut next month. a bloomberg scoop, the u.s. is set to impose tariffs on chinese electric vehicles and strategic sectors in a sweeping decision to be unveiled by president biden as soon as next week. plus, prime minister benjamin netanyahu says israel will fight on in gaza, with or without u.s. support. this as washington threatens to withhold more bombs if rafah is invaded. well, good morning. we do have the latest tsmc sales for you. it is coming in at $236 billion -- taiwanese dollars. so far, we have seen tsmc really being one of the world's most valuable companies, the chipmaker seemingly making everybody's logic chips. we are talking about the likes of nvidia and apple. there had been concerned that
this is "bloomberg daybreak: europe." i am lizzy burden in london and these are the stories that set your agenda. stocks in asia higher after an upbeat day on wall street, with u.s. jobs data supporting the case for fed rate cuts this year. in the u.k., bank of england governor andrew bailey opening the door to a possible cut next month. a bloomberg scoop, the u.s. is set to impose tariffs on chinese electric vehicles and strategic sectors in a sweeping decision to be unveiled by...
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May 1, 2024
05/24
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>> welcome to daybreak australia, we county down to asia major market open. anne and colin, the top stories this hour's. u.s. treasury rallies with the fed sounding less hawkish, jerome powell downplayed the possibility concerns about inflation. the yen searches and the japanese authorities intervened for the second time this week and qualcomm gives an update on profit forecast for the current quarter, suggesting demand for smartphones is increasing. this is the picture when it comes to numbers, consumer prices unchanged, a slight pickup of .1%, this is volatile energy costs, arising 2.3% year on year, consumer prices when it comes to the your on your reading, two point 9%, softer than expectations of a gain of 3%. marginal in terms of the implication for the bank of korea in terms of its rate trajectory. we have seen a lot of that demand coming through for exports and ship exports in particular. that inflation number for south korea is slowing more than expected. a pretty reassuring indication that the bank of korea is making progress on the campaign to cool
>> welcome to daybreak australia, we county down to asia major market open. anne and colin, the top stories this hour's. u.s. treasury rallies with the fed sounding less hawkish, jerome powell downplayed the possibility concerns about inflation. the yen searches and the japanese authorities intervened for the second time this week and qualcomm gives an update on profit forecast for the current quarter, suggesting demand for smartphones is increasing. this is the picture when it comes to...
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May 19, 2024
05/24
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haidi: welcome to "daybreak: australia." we are counting down to asia's major market opens. a mix start ahead for asian stocks. investors bracing for another busy week of central-bank activity and earnings headlined by nvidia. also, rescue teams searching for iran's president and foreign minister after the helicopter crashes in dense fog with conditions described as extremely difficult. stephen: we will have live reaction and analysis as lai takes his heart -- haidi: tension regardless of how you characterize the relationship. plenty of politics and economic data as well as essential bank decisions on tap. this is the picture as we set up here in sydney. we are looking higher. stocks are set to climb more broadly across the region. u.s. equities with a french -- fresh record high. we had some moves by beijing to shore up china's property market. some analysts say the housing rescue policy measures are too small to make a meaningful difference. a50 china futures looking pretty optimistic look at how u.s. futures are looking. watching commodities and energy markets. given unce
haidi: welcome to "daybreak: australia." we are counting down to asia's major market opens. a mix start ahead for asian stocks. investors bracing for another busy week of central-bank activity and earnings headlined by nvidia. also, rescue teams searching for iran's president and foreign minister after the helicopter crashes in dense fog with conditions described as extremely difficult. stephen: we will have live reaction and analysis as lai takes his heart -- haidi: tension...
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May 8, 2024
05/24
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this is "bloomberg daybreak europe," i'm tom mackenzie in london. stocks in asia slide following a sluggish u.s. session. the dollar rallies and the yen drops. minneapolis fed president neel kashkari says rates will likely be on hold for an extended period. the israeli military edges further into rafah. buys a -- biden pauses shipment of bombs to israel on fears the idf could deploy them in the densely populated city. xi jinping welcomed with open arms in serbia. the chinese president looking to bolster support in eastern europe. from geopolitics to the earnings story and the lines from the brewer ab inbev with a beat in the first quarter in terms of organic earnings, up 5.4 percent, an increase versus the estimates of 2.75%, so in terms of organic adjusted ebitda, a solid beat in the first quarter for ab inbev, the brewer of budweiser and bud light. in terms of the margin story, also a beat in the first quarter for ab inbev with adjusted margins coming in at 34.3 percent, slightly above the estimates and in terms of volume growth, this is important
this is "bloomberg daybreak europe," i'm tom mackenzie in london. stocks in asia slide following a sluggish u.s. session. the dollar rallies and the yen drops. minneapolis fed president neel kashkari says rates will likely be on hold for an extended period. the israeli military edges further into rafah. buys a -- biden pauses shipment of bombs to israel on fears the idf could deploy them in the densely populated city. xi jinping welcomed with open arms in serbia. the chinese president...
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May 22, 2024
05/24
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asia struggles to keep the rally going up until the s&p 500 hits another record. european futures flat as traders brace from results from nvidia. crucial inflation data do in the next hour, boe governor andrew bailey expects quite a drop as the central bank weighs whether to cut rates. >> i think the next move will be a cut, as we said. the question for us is how long we have to maintain this level of restriction. tom: plus, that divergence grows, fed officials reaffirmed the higher for longer approach on rates. ecb president christine lagarde says there's a strong likelihood of a gut -- of a cut next month. let's check in on these markets, central-bank filtering through these markets, but bracing for nvidia, a police waiting for that catalyst and whether or not nvidia can answer that question. can it repeat the successes in terms of the earning story of last year into 2024. those numbers crossing after the market in the u.s. later today. european stocks pointing modestly higher up a 10th of a percent, just shy a 10th of a percent. ftse 100 pointing gains of 12 po
asia struggles to keep the rally going up until the s&p 500 hits another record. european futures flat as traders brace from results from nvidia. crucial inflation data do in the next hour, boe governor andrew bailey expects quite a drop as the central bank weighs whether to cut rates. >> i think the next move will be a cut, as we said. the question for us is how long we have to maintain this level of restriction. tom: plus, that divergence grows, fed officials reaffirmed the higher...
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May 2, 2024
05/24
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this is bloomberg. ♪ tom: good morning, this is bloomberg daybreak: europe. these of the stories that set your agenda. higher for longer, that is the message from the fed after the central bank holds rates for a six time in the road. fed chair jerome powell keeps cuts on the table where the timing is less certain. jerome: i do think it's clear that policy is restrictive. i think it's unlikely that the next policy rate move will be a hike. tom: more stocks in asia arise. the path whipsaw stumbling into the session carrying a rapid 3% rally on suspected intervention. plus, ing announces a 2.5 euros share buyback after the dutch bank tops profit estimates in the first quarter. standard chartered also rising in hong kong for its own profit beat. here is the biggest european company by market cap. novo nordisk coming through with results. novo quadrupling the number of patients starting in the u.s. quadrupling the number of patients starting on that weight loss drug in the u.s. we knew there was scrutiny from analysts on that around supply chains. novo sees for yo
this is bloomberg. ♪ tom: good morning, this is bloomberg daybreak: europe. these of the stories that set your agenda. higher for longer, that is the message from the fed after the central bank holds rates for a six time in the road. fed chair jerome powell keeps cuts on the table where the timing is less certain. jerome: i do think it's clear that policy is restrictive. i think it's unlikely that the next policy rate move will be a hike. tom: more stocks in asia arise. the path whipsaw...