shery: asia and investment editor russell joining us there from tokyo with the latest on nomura. come on daybreak asia, this is bloomberg. ♪ it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. shery: the united auto workers has reached a tentative labor agreement with ford after nearly six weeks striking. bloomberg's gabriela coppola joins us now, it seems that they were granted the 25 percent wage increase that uaw was seeking. what else stands out? gabrielle: one thing is that uaw president was just giving a summary for his membership, he compared it to the last negotiation in 2019 and he said this is four times more valuable than what the company gave up in 2019. i think that just speaks to the tremendous leverage and pressure that this new uaw leadership has been able to put on the companies. the whole uaw was reformed they have a new slate of judicious -- leadership of the top and

let's talk to nomura's senior european economist — andrzej szczepaniak.oday? thanks. in terms of the policy rate, we expect them to leave things on change, meaning the rate remains at 4% and there are a few key reasons. when we think about the transition of monetary policy, that is obviously feeling strongly into the financial economy, we see that in terms of the latest bank lending survey. demand for loans has collapsed and the monetary policy is working. it is focusing further along in terms of how monetary policy could affect the labour market, major data and the labour market —— micro—inflation. service have been quite weak and a number of ecb council members are potentially concerned about the risk of doing too much. also in terms of the inflation data, actually, the latest surprise of the downside versus the forecasts, they are expected to carry on declining. we will see large declines in terms of the actual base effects but at the same time underlying momentum is slowing both in terms of headline inflation and core inflation, and finally a lot of t

yuki takashima, the economist of nomura securities company, says about this: the market after the beginning of a decline this week, continued concerns about the possibility. middle east oil supply disruption has taken an increasing trend. the brent index the previous day increased efforts to end the war in the occupied palestinian territories, which worried the capital the investors had discounted the oil supply of this region and registered a decrease. wanda hari, the founder of wanda in science, believes that although us oil reserves were on the rise last week, gasoline and other fuel reserves in this country. in this context, investors are waiting for the weekly statistics of us oil and fuel reserves from the american petroleum institute, which will be published by the us energy information administration on wednesday. announced this action can to some extent compensate for the risk of disruption of supply in other regions. hamed tawheed emmin news reporter and that the market value of cryptocurrencies increased compared to the beginning of the week 971 and reached one trillion dollars.

the big news was china infecting some of these big banks globally, nomura, standard chartered's as wellthose very closely. david: yes, very closely. that was really one of the last things, i think that we were expecting to hear from stanchart. they started talking about commercial property. then it was another bank. s&p futures, 0.5%. nasdaq futures, 0.7% to the upside. the gains will perhaps continue as we make our way into the friday session, including european futures which are pointing higher. global yield means lower dollar. 1274 right on the bloomberg dollar index. we will leave you with a look at the market movers. there you go. that's it from us here. have a good friday. "daybreak middle east and africa is next". this is bloomberg. ♪ get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there.

jpmorgan, citi, and nomura all boosting their forecasts on the data. >>> the nvidia headwinds.organ stanley and citigroup lowering price targets on the stock after new u.s. restrictions on chip sales to china. shares down nearly 2% ahead of the open. >>> let's get to the markets and this busy morning on the earnings front. we're graduating, sara, from the big banks, although we got morgan stanley today, into some of the regionals and more of the consumer names as well. >> kind of a mixed picture across the board. i think front and center is still this move in bond yields that we have been seeing, especially on the back of yesterday's move higher. the two-year yield got to 5.2%. >> above 5.20%, yeah. >> these are very high levels and it makes you wonder with everything going on in the world and with investors so focused on the geopolitics and figuring out, does iran enter the fray? there's more saber rattling overnight. we see that in the price of oil. are treasurys acting like a safe haven? >> no. >> they're not. they were last week a little bit, but they really haven't been, a

paul: how about japanese financials in nomura? are their fortunes looking any better?ng on friday. analysts see being flat. u.s. business has been lackluster, so numero is trying to reinvent itself but has not done it yet. the jury is still out on that one. shery: breaking news editor gareth on the results we are expecting this week out of asia and right now take a look at how we are setting up for the market opens in japan and south korea. we have markets on holiday including hong kong, new zealand and thailand. a mixed future, u.s. futures rebounding from the worst week in a month for the s&p where it breached the key 200 day moving average signaling downside pressure for u.s. stocks did nasdaq 100 futures are pointing higher while we have asian futures under pressure with the asx 200 down 7/10 of 1%. we could see it fall at the open as we have make a futures pointing down 3/10 of 1%. but were keeping our eyes on the japanese yen holding closely to the 150 level which it actually touched in early trading. a level we are watching for potential intervention from author

nomura talked about how he thinks there is a chinese national tie there.s is through a network like the qatari government putting pressure on hamas to release those hostages. a country like watar -- qatar offers asylum to hamas. jonathan: we have heard john kirby needing to address this several times. the $6 billion is the official view of this administration, that not a single dollar of that account has been spent today. it is regulated by the treasury department to make sure it is only used for food and medical equipment. is it inevitable that, that money will be refrozen? annmarie: this money nothing has been used, and to secretary blinken's point it is sitting in qatari banks. we should go back to the beginning of where these funds came from. these funds were from iranian exports under the trump administration. a lot of other countries were getting waivers -- china, japan, greece. they wanted to make sure they kept the price of oil down. iran had seized a south korean vessel and they wanted to get these funds out of their country. i would look more to