we tracks our credential versus that asx 300 and these issues and as you can see from the statisticse, the gender pickup target, only 12% of companies have been focusing on that. for the public availability of this data, i think it is really focusing companies' attention on driving forward better metrics in terms of gender pay and making that more of a focus. paul: to zero in on that last point there, melior is advocating for a gender pickup of 5% or -- plus or -5% by 2030. lucy: 30% companies are actually achieving a plus or minus 5% gender pay gap. it is achievable. some of the industries that are male-dominated and have hundred traditionally difficult to attract women need to start thinking about a cultural shift in the way they work. flexible work is important, and parental leave, we should be encouraging better shared care environment. at the moment there is a lot of paid parental leave policies out there but a lot of men don't feel comfortable to take those policies, to take that paid parental leave, we need to think about this shift in terms of culture and enabling women to wh

a asx 200 creeping up little bit higher, but again, modest gains.rs coming through. the data missing estimates. raising 3.4% on the year for february. the estimate had been for 3.5% instead. earnings focus, heading to the session, we heard from timothy moe from goldman sachs at the top of the hour, the numbers so far, from china are better than estimates we have seen. but big banks are certainly in focus. we have a number of them reporting across the week. this chart here taking a look at the equity moves we are seeing. bank of communications is among those that is up today. bloomberg intelligence's says the's lender for your earnings for 2023 may be dropped down by its net interest margin. let's bring in fintech senior analyst francis chan. we know you are focused on the readings. the impact of lpr decisions. francis: about the chinese banks, margin squeeze will continue to be a dragging factor on earnings in 2024. 2023 has been in the past and we're still seeing very high deposit costs from the third quarter to the fourth quarter of last year. tha

let's look at some movers on the asx at the moment. -- asx at the moment. performing reasonably well. materials up by about .10%. we are seeing the yields on the 10 year nudging back a little bit, holding above the 4% level. not a great deal of change for the aussie dollar. annabelle: we actually have u.s. futures opening here today fairly flat so far to start the week. thinking about the moves we had friday in the session, that rally in stocks lost a little bit of traction. it was still the best week we have seen for u.s. equities over the course of 2024 and it comes down to the speculation we are continuing to see the fed will be cutting rates as soon as june. treasury yields slipped again back down to the 4.2% mark. the dollar we saw more strength coming into approaching its highest level this year. certainly that is something weighing on the commodities complex overall. dollar strength. but we see brent crude coming online this morning, just a little higher so far. what sets us out for the week ahead, we have the inflation gauge for the fed and you have

take a look as we kick off rba decision we, asx 200 coming online pretty flat at the moment. it are expecting caution given how event heavy this week is proving to be an the aussie dollar unchanged at .6560. also some of the trading pairs into focus will be the likes of the yen and take a look at these expectations being set for japan , so much focus has been on those wage negotiations and they just blew it out of the park, and that is signaling that the path is clear for the bank of japan to move if it decides to this week. the blowout wage result could spur the boj march rate increase, and that has huge implications when it comes to the yen, and how much that will feed through to not the key factor but certainly one of the key factors in what we are seeing in this equity rally as well. nikkei futures looking perky. annabelle: it is such a pivotal week for central banks, and chief among them is the fed, and we have got the decision in the days ahead, but this is the outlook we have u.s. futures just coming online, fairly range bound so far, and that also points to the level

the asx 200 looking like a bit of downside after we did see a rally yesterday, being led by the likes of estate and mining shares, offering some support as we did see those broader losses across the asia-pacific region. a little bit of softness as we come online, about .10% lower or aussie stocks. we did see quite a bit of action when it comes to haven courtesies -- currencies, declining levels of volatility, quite a moment when it comes to emerging market currencies as well. switching out the board to look at the setup for japan, the unit still firmly in focus after we had the currency to delivering his strongest ethics morning that we've heard in months, but the dollar yen holding firmly above that 151 level. but we are seeing a little bit of upside when it comes to trading in nikkei futures. annabelle: some analysts saying 152 is where we need to get to before we see more than vertical intervention. look at some of the stocks we are tracking, against all that backdrop of questions around the fed whether the rally has gone too far, too fast, is what we see in geopolitical tensions.

this is a figure of asx, about 8/10 of 1%. huge gains in the u.s. session. most industry groups in the green, we also have a report at 1130 and we should see a rebound in job gains in february. in new zealand, not much of a reaction. the aussie doller holding firm. weakness against all g10 currencies except the yen. u.s. stockpiles falling, the fed of course boosting risk appetite across wider markets and bruising the dollar that tends to be good for crude. we are seeing a third gain in four days. that's have a listen from what we heard from chair powell around the reasoning for this month's decision. >> we believe our policy rate is likely at peak for this tightening cycle and will likely be appropriate to begin telling back policy restraint at some point this year. inflation is still too high and bringing it down is not a short and the path forward is uncertain. we tend to see stronger inflation in the first of the year and i don't think we really know if this is a bump on the road or something more. were looking for data that can confirm the low readings

start of the session in sydney, a bit of a mixed day setting up. 1/10 of 1% softer when trading on the asx. gains, precious metals with new highs being hit for gold, a dominant theme in the previous session. pretty tepid trading ahead of the open in japan. gains for real estate not thoroughly convincing and big declines across energy, unsurprising given the number of days we have seen oil prices had higher. coming up, japan cpi numbers are due in a few minutes and we will look at that and how it petÉn chile impacts -- potentially impa annabelle: take a look at the latest inflation data we are getting out of japan. a little softer than expectations. 2.8% is the year on year for february. accelerating from the prior reading of 2.2% purge of -- for january. and again, taking up the pace from 2% in january. if you take out fresh food and energy, we see a jump in oil prices, 3.2% is the price for consumer in february. we have also seen expectations when it comes to the march tokyo cpi data. a leading indicator falling. there have been higher comparisons at play. so much of this feeding into the

pretty muted losses for the asx 200 -- property and financial sectors. really following the pullback we saw in u.s. equities from multiple record highs for the s&p 500. we also had consumer confidence numbers falling in australia for the month of march, households remain concerned about finances in the near term prospects for the economy. that is potentially adding more interest when it comes to rate cut prospects when it is taken in combination with the strong labor market numbers we saw friday. crude is holding steady at $86.78. australian bonds, several bonds in australia starting the session this morning a bit lower. treasuries fell as markets priced in significant five and seven year offerings that are due today and in the next session as well. that three year rising a little bit. then-year bond yield claiming above -- the 10 year bond yield claiming above four basis. joining is mark matthews, head of asia research at julius baer. i know you have billeted at a welcome berth course markets not just in the u.s., but across international opportunities.

some of our guests reacting to the latest fed decision and looking at markets online this morning, the asx half an hour into trading, seeing that strong rally so far in the session it through -- in the session. attracts through overnight. there's been a series of rises this year. the sectors moving the most overnight, the story of big tech and you're seeing some strong gains coming through for i.t. nikkei futures also to track it, singapore contract starting to trade and there is that focus. perhaps we will see another record high for the nikkei after we passed the 40,000 mark for the first time ever. a very strong day and it was the focus on big tech, given we have the expectation reaffirm we will see rate cuts over the course of the year. one of the names we are watching is micron, look at the surge. what has driven that is a strong revenue forecast for the corn -- the current quarter. there seeing revenue will be up to $6.8 billion. the average estimate was for $5.99 billion. that's a very strong beat. let's discuss because our next guest says memory chips may look at a super cycle of g

this is the picture when it comes to the asx 200, a couple minutes into the start of a staggered session. health care and particular at the moment. the aussie dollar pretty steady, a little bit of weakness at 65.23. those comments on economic resilience from xi jinping not adding a great deal of confidence and it comes to the china proxy. having a look at how we are setting up and it comes to japan. of course the currency is what we are going to be focusing on. if you look at how neat a few futures are setting up at the moment we are looking pretty positive. let's call it flat at the moment. we will see how that session continues but the yen is firmly above the 151 level. take a look at this chart. which really illustrates potentially how much of a headache the resilience in the dollar is going to continue to be when it comes to japanese policymakers warning against too much weakness in the yen. rebounding from a 34 year high. it had weakened wednesday but traders have been pretty rattled with that over three decade low, sparking japan's warning saying it is ready to stem the slide. we s

this is the picture as we creep into the start of trading in the asian session seeing the asx 200 prettylat at the moment, almost .1% lower than we were expecting an early game may be flipping to the green in the next few minutes or so as a staggered session gets underway. we have stocks at record highs at the moment after reaching that threshold last week. we could see a little consolidated on debt consolidation. we saw some of the biggest gains in the previous session being led a real estate and grocery my discretionary were some of the leaders last week as well. we are watching for how u.s. assets perform particularly when it comes to more direction for the aussie dollar and u.s. dollar. that trade at the moment is sitting at 6529. fund managers are shorting the aussie dollar position. that position is being held at a record high. cba seeing the aussie following 264 -- falling 64 against the greenback potentially downplaying rba risks. annabelle: rba to the fed we will have jay powell speaking over the course of the week something to be tracking closely here. u.s. stocks have futures

the asx 200 with the boost from higher gold miners and prices in the session. spot prices supporting miners and commodities with a better thursday and supporting the sydney benchmark. we want to look the kospi. it is a big ben feficiary of th chip rally. you see the likes of samsung and sk is looking bullish. at the conference yesterday, asm is seeing strong opportunities in a.i., but you see from the action today, sk is running away with everything and recording that strong surge. also, the possibility of the lower rate hikes supporting tech stocks. tsmc benefitting. not everyone was a winner in asia today. you will see the shanghai composite and shanghai 300 closed in the red. there are still questions in china over when we e will see meaningful stimulus for the economy. you see in hong kong with the hang seng is not dragged down by the mainland. keep an eye on property stocks in hong kong. the big component of the hang seng. lower rates in the future is supporting the outlook for property developers. that's what happened out here in asia. we will see if it c

asx climbing the most last week. we had a pretty good rally last week. and a little bit of a pullback with profit-taking at the beginning of the session. we are hearing some revisions when it comes to more optimism on the macro scenarios as well as upgrades to the consensus on earning estimates. australian bank stocks can keep rising against that backdrop. take a look at the aussie dollar. 6619. the dollar declines we have seen. especially benefiting the likes of the yen and more broadly we are seeing weakness across the dollar playing out in asia. taking a look at how we are seeing the setup for the japan markets. it should be an interesting week given hyped expectations over some sort of getting progressive and closer to lift off from the bank of japan. we are seeing nikkei futures lower by about .2%. dollar-yen. domestic handles including wage negotiations driving speculations that the bank of japan could move as soon as this month according to some economists watching. we are amplifying the trend lower in dollar-yen. we miss we have seen in the dolla

seeing levels pretty close to record highs at this point so kind of incremental gains being seen the asx 200 today and the aussie dollar starting to gain a little bit more momentum. we saw the lows for the session when it comes to the greenback after what has been a few weeks of more or less range bound trading but still, we see some views when it comes to potential downside risk for the aussie. disappointment from the chinese economy is at the top of that list but in this session, we are seeing the aussie being supported by some of the high metals prices and crude prices as well as some of the stocks we are watching in australia trading today including rio tinto and bhp is want to watch as well. also watching crude markets, seeing a little bit of softness when it comes to new york crude just under $80 a barrel there. we have seen prices really holding close to the year's end high, mostly on signs of strong u.s. gasoline demand rising -- rising fuel demand remains the world's biggest consumer of gasoline. stockpiles falling by 4.5 million barrels in the u.s. and that was a 5th street kle

we are seeing modest gains on the asx. it has been a pretty quiet day there.r the aussie dollar, we are seeing not a great deal of change, which suggests this has gone along the lines the market was expecting it to. haslinda: that's right, but what are some of the biggest concerns of the rba right now, paul? paul: there is the question of where they go next. it was not until we got the minutes that it was revealed the hawkish bias was in place. now we just have a reiteration of the language that inflation does remain a priority. there are risks here too. we heard commentary earlier today that, look, if the rba is seen to be too dovish, that could counterproductive because we would see speculators returned to the markets, assets would get bit up. of particular concern was the housing markets in australia. still pretty hot. australian property still very expensive. if there is any hint interest rates might be coming down, that could fuel a stampede back into the property market. we could see rents rising again. that would stoke inflation. and all this hard work

we are seeing the asx 200 a 10th of 1%. we did co strike a stocks. gaining higher financials and banks led the part of the gain. modest gains. a 10th of 1%. a lot of caution as we did see the rebound in financial stocks. expecting the rba to hold rates at the 12 year high on tuesday. . the focus will be the messaging around the 4.35% level it is staying at. we have seen 425 basis points of hikes since april of 2022. . the largest and fastest tightening in the tightening area. take a look at the drought when it looks at market expectations. markets do not see a full cut playing out until september. the drought so much, june, september and december pricing in the different colored lines. we have heard from the likes of jp morgan and hsbc talking about no rba cuts this year. that messaging will be key when we hear from the reserve bank of australia. take a look at the other big central bank we are focusing on. it is what we are expecting from the bank of japan. these expectations are building in terms of what we could see from the bank of japan. it is a

. >> taking a look how markets are tracking so far, you are seeing the drop coming through from the asx. we can get to those big laggards in a moment but broadly we are setting up for quite a bit of weakness in the session. nikkei futures, the contract in singapore coming online. you are seeing that drop being reflected here. it does track the u.s. session as well. stronger-than-expected ppi numbers coming out. we sought resilience in the labor market. that just tells us the fed can afford to take it's time when it comes to cutting rates. that is the prevailing sentiment. then you are adding into it those concerns you are seeing reflected in iron ore prices. that is why the materials sector is dropping so much in australia. let's take a look at the miners in particular. weakness across the board in the session, the likes of fortescue, rio, bhp as well all dropping. iron ore prices we just had that contract online in singapore the last 10 minutes or so. it is further weakness. we are down on that commodity for several days now in a row. it is very close at this point to the $100 a ton. c

here in the first 40 minutes or so of trading in australian we have seen the asx two higher gains.e seeing some outperformance in these thematic names. australian vintage, some of the winery names are doing particularly well today. as we see these expectations build that the most three year long punitive tariffs on australian wines from china might be eased in the coming weeks. we are seeing broad downside when it comes to trading in kiwi stocks. singapore nikkei futures setting up for a pretty firm open in japan as expectations continue to rise on what we see from the bank of japan. the accumulation of data from these wage negotiations will really be key in terms of whether negative rates will be ended sooner rather than later. also watching the yen as well. is this major yen rally finally underway or do we see a bit of a trap with the bank of japan as well as more signaling from the fed in their meeting next week? more ahead here on daybreak australia. this is bloomberg. ♪ okay y'all we got ten orders coming in... big orders! starting a business is never easy, but starting it eig

take a look at the asx 200. just half an hour into the session.ch flat which is better numbers then we had in the wall street numbers. there is the story of weakness that came through. there were three stocks we were tracking. there was apple. there was tesla. there was amd. with the stocks had in common was the china story. apple, tesla, declining numbers for their sales. amd has been blocked from selling technology. that is still a sales story. the general gist of this is there are concerns around tech stocks. are those evaluations looking to too choppy. you mentioned the high correlation we have between the u.s. and japan. the nikkei futures coming online in singapore. you have the drop of 8/10 of 1%. u.s. futures flat. the change story playing into it should we had the npc kicking off. morgan stanley and already out with their reaction because they are saying there is more volatility to expect ahead for chinese equities. the fiscal support measures that have been announced so far are insufficient to boost the economy. we have been discussing t

aussie miners but names in japan and korea in terms seeing weakness as the materials index for the asx 200 leading the decline today. let's change on. moving back to the tech space, that focus on what we are seeing in terms of adobe-length names. we had adobe dropping at the top more than 10% in after-hours giving a bit of a weak revenue forecast, concerns around ai entrance entering the space. a little bit mixed in the tech space. haidi: coming up next, the pboc may be about to lower a key lending rate for the first time since august as beijing aims for ambitious target. we get a preview just ahead. this is bloomberg. ♪ okay y'all we got ten orders coming in... big orders! starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purcha

asx-ranklin roosevelt said in one of his fireside chats to the american people.e the great arsenal of democracy is the greatest military buildup and defense spending program history. the numbers even today let me share some are unbelievable. during the war, 100,000 tanks and armored vehicles,. 310,000 airplanes, 860,000 heavy trucks. 12.5 million rifles, 41 billion rounds of ammunition. it is this incredible production across theates that played a huge role in winning the war. it's a great story. it's a story told in other books. my story is about how the government need to keep an eye all this and in researching this and detroit's role, i was reading up on the war plants, big and small, around detroit. mynd dorothy melton and james emerson melton worked in several of these plants. my grandma ran a drill press and inevitably this research led me to a place called will run. anybody ever heard of it? a few. yup. it was a big deal back then. a few miles west of where i grew up, a big open farm field in ypsilanti, michigan, 1940. henry and edsel ford. henry, the orig