a gain for the asx 200 to the upside.e broadly the market looking very mixed across the board. the aussie dollar, seen as one of the biggest beneficiaries of we see these pivots for the fed going into next year. .6612 is what we are seeing, with pressure on the greenback. australia's gender gap has narrowed to the lowest in almost a decade. we are joined from cambridge -- we are joined by amy morris bridge now. >> what we do have is women and more management positions than ever before. 42% since the survey started in 2014, the employer census. the gender pay gap is still 21.7%, down by 1.1 of a percent in a 12 month period partly because more women are moving into management roles. there are a few factors that have caused the second largest annual decline since the survey began. but still the progress is very slow. women are still paid less than their male counterparts each year. shery: there's always a copy a -- a caveat recently. the proportion of women increasing doesn't include the chief executive officer levels. how

. >> we have the asx 200 just coming online. you can see at the outset higher for a fourth straight session. this is about the reaction to the fed and the decision not only to halt rates, but the press conference and the signals we had that perhaps the fed could be done with hiking in the current tightening cycle. that is leading the direction for stocks. the question is how much that will hold given that we are starting to see u.s. futures drift lower. apple numbers as well. we are also attracting other central-bank action. yields are being led by the boe. you can see moving lower their. also in new zealand you have the two year, the 10 year drifting downward. that's following the boe which also held rates -- did not signal a cut was on the way, stayed a little bit hawkish, but still one to watch for us. what else we are watching is the japanese yen. japan markets are shut today so we will have no trading, but still very much in focus given we are continuing to hold above the 150 mark. >> look how u.s. futures are trading. we a

the asx 200 up by about two tents upon percent.y picture for trading in australia and new zealand. appetite for the 20 year treasuries auction, and the greenback is continuing to slide. 55.61 compared to the aussie dollar. a third day of rally for the yen. a lot of asian currencies more broadly are expected to extend gains in the session. we will hear from michelle bullock, underscoring, speaking at a panel in melbourne this morning, that inflation will be a crucial challenge for the next one to two years, and supply shocks are still possible. ♪ the pulmonary embolism happened. but because i have 23andme, i was aware of that gene. that saved my life. i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic!

some losses on the asx. the aussie dollar slipping as well on this.le before the decision but now it is trading below $.65 against the u.s. right now. >> we had the rba saying it would do what is necessary to bring inflation back to target. but the question is, what more can it do when you consider g10 banks are likely to stand pat? paul: it does raise the question of what is next. said just in december is live as well so it will be interesting to see the forecast about that. inflation has been stickier than expected. the rba moved slower than its central bank peers. other things to consider, we have had a softening jobs market and building approvals are down and business confidence is a week well. there is still the lagging impact of the 425 basis points that we have seen come through from the rba. it will be interesting to see the path ahead from here. and many households in australia are highly indebted there was some concern about what is known as the mortgage cliff. we have not seen to many signs of mortgage stress yet. but i'm looking to see wha

we are filling a gap on the asx.g off the asx a few months ago that is an opportunity to get exposure to the world's best mining company with great exposure to copper. we are excited about the copper we are producing from our operations in our portfolio and then we have projects, a prefeasibility study to the latter part of this decade well into the 20 30's and 20 40's. copper is an essential metal for the energy transition. there's going to be a demand and supply shortfall and we very much look forward to being able to balance the gold and that portfolio and the copper in the portfolio and enjoy the benefit of the inevitable run-up in copper prices through the latter part of this decade and into the next. haidi: we have seen really protect and organize labor strikes across a number of industries including mining. . have experienced that in mexico -- you have experienced the and mexico. how do you deal with at risk going forward? >> we look at our balanced global portfolio and the real strength of the portfolio that

the asx 200 just a little firmer as we get online. also watching the market reaction that comes into china's credit data. we have aggregate financing numbers out overnight. they missed on the overall figure but he still saw better loan issuance coming through. the detail of this is very much -- or the devil is in the details because it was that government debt issues -- issuance, which is the box in purple. that's the largest share of government debt sales going back to 2018. it shows you how much china's economy is relying on government debt issuance. households, businesses, lower demand from these contentions. another signal of weakness in the economic recovery. vonnie: we have futures open for trading right now and as you can see, it looks like it might start on an optimistic note in the tuesday session before the cpi data, which everyone on wall street and around the world seem to be waiting for, just to see if it comes in firm and there could potentially be another hike on the table. last week markets were a little skeptical ther

. >> we are just about 30 minutes into the session for the asx 200. we are pretty much trading -- treading water here. if you were to drill down and look at the sectors moving the most, it is the i.t. sector at this point, with a drop of more than 1%. what's driving that? of course it is the nvidia earnings that have come out after the bell. have largely been a disappointment to investors. you are seeing the stoxx lighting in after hours straight, down around one -- stock sliding in after hours trading, down around 1%. the expectations were sky high into the numbers. so it was really going to take a lot to see any sort of big move in after hours. still it is sort of kind of casting a shadow over the session today because you are seeing futures here for the nikkei for instance also looking to drop at the top of the next hour, u.s. futures likewise under a little bit of pressure. sticking with earnings, we have just ended the fiscal second quarter for japan numbers. let's take a look at the results scorecard. the vast majority actually came in a bit bet

the kospi is gaining half a percent and asx 200 is up.rices rebound in the previous session. holding on gains and the wti and brent is around 80. energy is one of those sectors that is gaining ground in the japanese market at the moment and we continue to watch the japanese yen which is weakening against the u.s. dollar but still at the 149 level so we have not surpassed one. we are following the korean you one because we are seeing pressure after the previous three sessions. we have seen risk appetite improve given market expectations and perhaps the u.s. federal reserve is done in the hiking cycle. coming up, the u.s. as a hostage deal with hamas may be at its closest yet. an update on the conflict in the middle east. this is bloomberg. ♪ ♪ haidi: the u.s. says a deal for hamas to release hostages taken during the october 7 attack on israel may be at its closest yet. qatar sees progress being made. where are we in terms of getting closer? michael: the u.s. says this is as close as they've been since the start of a conflict so there is m

we have the open for the asx 200. you have stocks sitting fairly flat, but it really is the action in the bond space, still that continued retreat of yields across the curve. a bit more subdued at the ten-year mark. that three year yield, the more rate-sensitive one telling us that investors are positioning now that the fed is not only done with its current tensioning cycle, but also that we could start seeing cuts within the first half of next year. lower yields, softer dollar are also supporting factors for asian equities generally. let's look at what we're seeing for asia ex-japan. we are seeing inflows. set for the best monthly inflows since may of this year. it is that story of a softer dollar, the expectations around the fed, lower yields. and also the cheapness. these stocks are still looking quite expensive compared to their developed market peers. we could be said for some outperformance of e.m. asia ex- japan. the santa claus rally is still intact in this part of the world. vonnie: exciting for those long th

the asx 200 coming online this morning. 7/10 of a percent in the early parts of trading. another five minutes or so until we are fully online. the big reaction in bond yields. you are seeing that move lower across the curve. it is that expectation we are done with hikes for now. currency wise, we sell the big move lower in the greenback. around the $.65 level. it's take a look at the rest of the asian region. it is the move. the bond reaction in the kiwi space. japanese yen one to note. 15191. you can see back down toward the 150 mark. a drop of around a percentage point following the inflation print. vonnie: it is interesting to watch how u.s. futures are reacting. we are just getting the opening of trade in the u.s. futures. it seems they are ignoring what jamie dimon has to say for the moment. the 1.9 percent rise in the s&p 500 in the session post cpi. a big rise in the nasdaq. it looks like in the next session we are pointed higher for the moment. same thing in terms of hans. we have on futures pointed lower -- we have bond futures pointed lower. we got the massive d

the asx 200, fairly steady. around the rest of the region, the outlook and futures, fairly mixed, but mostly tilted to the downside here. chinese futures, looking for a weaker start. kiwi stocks, already online. we do have two major ipos ahead and asia today. shery: we will be watching those especially at the open and south korea with that ipo coming from the likes of cpro materials -- copro materials. little movement for the s&p 500. we are talking about three sessions of gains, very close to the over about level. the rsi, near the 70 threshold. continued jobless claims rose to the highest in almost two years. so you have job growth slowing, the duration of unemployment increasing. what does that mean for the fed? could we see an end to the hiking cycle while treasuries resumed their climb today? perhaps early reinforcing -- really reinforcing speculation we might be at the end of that tightening cycle. oil at the moment rebounding, .3% after falling to the lowest level since july. with got algorithms accelerat

seems these markets are taking that direction from the s&p 500 that had its seventh day of gains and asxow turns positive for the day. nintendo is being tracked today, it is surging the most since 2020, it has upgraded profit down to the weaker yen and and announced they have a new zelda movie coming out so the stock is up more than 6% at this point. haidi: let's get back to the day one of the bloomberg world economy for them talking about how to navigate ongoing geostrategic risks as we have two wars in the moment. we are hearing from the minister of investment from saudi arabia and the minister of foreign affairs for singapore. the rise of economic craft and limitations of diplomacy playing out at the moment when it comes to how the u.s. is trying to make their influence known in the middle east conflict with several visits across the region in five days. >> we see the challenge the u.s. has in trying to pull together an international coalition and there is an interesting contrast about how the u.s. is approaching the war in israel versus the one in ukraine. the one in ukraine is -- th

we saw yields in australia coming down, the asx 200 paying losses from earlier but already, going into what we saw from the central bank at australia, the concerns in the market are really about whether the fed is truly done with its tightening. the stock benchmarks were mostly input -- in negative territory today and add to that, concerns coming in, a mixed bag from chinese trade data. we were optimistic we would see signs of improving demand for chinese goods. we didn't get that. we saw an unexpected slump deepening for these chinese exports, although it is worth noting on the imports front they rose versus expectations we would see decline. that might add to the push-pull we see among stocks. on the chinese currency, the csi 300 is parrying the losses from earlier. chinese property developer vange , they fell into distress levels but it is getting a show of support from authorities. they say they have enough cash and tools to support vanke. dollar bonds have been recovering. we have vanke saying markets don't need to worry, that they will meet the payment on offshore and onshore bon

something to watch throughout the session with asx 200 a little bit higher.ek. holiday thin trading, low volumes. haidi: let's bring in chris weston, head of research. what's at the top of mind for you? we are heading for a fourth week of gains. do you expect that resilience to go into the end of the year? have we overpriced expectations of easing? chris: we've seen the u.k. pair back to easing overnight. seems like a reasonable move in the gilt market and u.k. swaps as well. in terms of u.s. easing for next year, i think it's there a bounce. 64 basis points cuts being priced into the next year. a little bit more for december. i think the timing could be massaged a little bit. june is a more realistic situation there. i think there's a little bit of a rates trait there. equities will be more than them -- a momentum play. we haven't got to that point of complete exuberance yet. if you have a look at market internals, the number of companies above 200 day moving average, we haven't got to that maximum point of stretch. 40% of the companies and the nasdaq are tr

we've had eight straight days of gains but it appears investors are paying attention to it given the asxf a percent at this point in the session. chinese inflation numbers are due in a few hours. cpi and ppi expected to underscore the chinese government needs to issue further stimulus because cpi staying around zero. it is key to watch. it had been sliding for six months. an important component of the cpi basket. haidi: let's go back to singapore at the forum and my next guest is speaking this year and has been to a number of these events in the last six years that we have held of the forum. every year seems to be about embracing instability and i feel like i always ask you how is sentiment, what are you telling people to do? >> it is a bit muted around the world. no surprise when you look at the gdp and compression on margins and everyone driving for market share capture because you are not able to ride the curve of growth. but you see two or three parts of the world that are are -- opportunistic. when you look at the upside potential and rise of consumer in southeast asia and supply ch

asx 200 under pressure along with the hsi down 1%.d center at the lowest level in a long time. the biggest two-day drop since 2021. in the fx space it is about the dollar. pretty stable. we are seeing the bund up. also the yen. it is consolidating versus usd and in the bond market we are seeing yields trending higher. they say the correlation between bonds -- yields could trend upwards of 6%. let's look at where we are in terms of the energy space. crude trending lower as we inched closer to the delayed opec-plus meeting this week. rishaad: well we have breaking news. a new deputy governor at the reserve bank of australia just being named. it is a foreigner. the new deputy governor is the british -- or the bank of england's andrew hauser. he will fill the second most senior role. seen as a move by the treasurer to overhaul the rba which as we have been reporting, going for its most significant restructuring in decades. this after there was an independent review in april. the bank of england former markets executive there being named a

a little weaker, and the session today every single sub index on the asx 200 is in the red.ments from the fed chair friday. george morris is a managing director at k2 asset management and joins us now. i have to start there, the rally and all asset classes has been quite stunning particularly in the last month. if you were a wise investor, would you just sell now and wait for the new year? >> getting to your point, it is an incredible risk on rally since october for many reasons. the volatility of the range of the bond market reflecting that. going into year end most for managers and us case in point will be rebalancing, so those neutral equities are bigger overweight. the technical, the dynamic as well as casual relays depending on your tandem analogy -- terminology will be sellers. just in balance to where you were in october going into november. just to understand for calendar 2024 you have to set up your asset allocation perfectly depending on where you think things will be edward -- and with a soft landing there will be trimming of the gains. the extraordinary rallies o

what is leading the asx 200 into negative territory is banks, and anz is the key thing.en though we saw a 14% rise in cash profit, that was pretty much or a bit weaker than the average analyst estimate. the ceo of the bank saying there is a challenging economic environment ahead. also continuing to what the cyberattack on dp wall, manages goods in and out of australia. operations are just resuming after the attack. and we just have the korean trade data, exports of 3.2% on the year. imports raising 1.2% on the year. certainly could be an indication when you pair that with the stroma than expected numbers out of tokyo electron. it's a good signal for the chip sector in particular. shery: and certainly the kospi holding onto its gains. annabelle, thank you. next guest is expected volatility and says sustainable as geopolitical risks mount. it comes as the ceo of of this company joins us now. ed gomes. what are you looking to come from the meeting between president biden and xi jinping? e we have been saying for the longest time that the u.s. internet have to start speaking

we are seeing that downside on the asx 200 as well, falling for the first time in three sessions.stocks also reversing the gains we saw in the previous session, as of course we just heard from fed chair powell, pushing back on rate cuts. this is bloomberg. ♪ sleepovers just aren't what they used to be. a house full of screens? basically no hiccups? you guys have no idea how good you've got it. how old are you? like, 80? back in my day, it was scary stories and flashlights. we don't get scared. oh, really? mom can see your search history. that's what i thought. introducing the next generation 10g network. only from xfinity. hi, i'm jason. i've lost 228 pounds on golo. so when my doctor told me i needed weight loss surgery, i knew i had to make a change. golo's helped me transition to a healthier, sustainable lifestyle. i'm so surprised just how crazy my metabolism has fired up. i have a trust in golo 'cause i know it works. golo isn't like every other program out there, and i'm living proof of it. (announcer) change your life at golo.com. that's golo.com. >> the fomc is committed t

the asx 200, a little bit lower. other futures are looking fairly mixed. china will open in a couple hours. let's open. there are a couple things that could create headwinds. you have the yields moving higher. you're also tracking what is happening with the dollar. the direction for the dollar has had some firmness. the japanese yen, back above the 151 mark. shery: the dollar being pushed higher by treasury yields. a treasury rally we have seen with global bonds almost erasing all of this year's losses. the 10 year yield above the 4.5% level. more goldilocks data in terms of producer prices, prices paid to producers in the u.s. actually falling unexpectedly by the most since 2020. retail sales slowing down in the month of october but previous months were revised higher. a lot of people think we might be able to maneuver a soft landing. those expectations about the fed perhaps being done easing sent u.s. stocks marginally higher with the s&p 500 closing above the 4500 level. we are seeing a little bit of pressure right now. we also were watching what the im

the asx 200, that focuses on the rba this week.he government that will be introducing registration to facilitate the biggest overhaul we have seen on the rba in more than a generation. setting up a separate governance board, scrapping the treasurer's power to reverse policy decisions. that is something to watch with that legislation be introduced. still steady ahead of the opec+ decision. we are expecting deeper production cuts, haidi. haidi: yeah, let's canvas everything we are watching this we can bring in marc franklin, senior portfolio manager for asia a location at my new life investment. this is the time of year we start looking at the year ahead. are you expecting equity markets to continue their strength leaking through the end of the year? marc: we have now gotten through a fed meeting and the message was that they are pretty much on pause, waiting to see whether this interim period of disinflation continues from it do so, there are a limited number of negative catalyst from a market perspective that will force the rally i

dollar sensitive to commodities and iron ore higher and equities is the push to the upside and the asx 200 online and some stocks we are watching, origin energy not trading yet. we are counting down to the korea open and japan and a picture of broad-based gains for the session. new zealand stocks trading to the upside. japanese yen steady this morning. vonnie: futures are picking a higher direction in the u.s. and money flowing into bonds with yields down again in the thursday session and they were wednesday with 10 year rates down 18 basis points and now the 10-year yield does at 4.734 so they are tumbling down and goldman sachs suggested the fmo see today was dovish at the margins but the market is calling it dovish and the feeling is that the fed is done with rate hikes but powell capped another rate hike in place and the economy needs slower growth and likely weakness so let's listen to what powell said. >> given how far we have come along with the uncertainty and risk we face, the committee is proceeding carefully. we will make decisions about the extent of additional policy firmi