What is required to bolster the economy. Basisx faces of tech of grilling. The biggest showdown with congress in 20 years. Shery lets get you started with a quick check up on how markets closed. The tuesday session in the u. S. That p 500 halting fiveday rally that we saw in the past week. We have the tech sector underperforming as we had more scrutiny on regulations from congress on some tech giants. The nasdaq fell. 4 . Energy producers were waiting on the s p 500. We continue to see the oil selloff. We had great news when it came to a few earnings. Goldman sachs jumping after the beat on their trading revenue. Pretty solid bailout when it came to u. S. Retail sales in june. Lets see how we are setting up for asia. Sophie this wednesday, asian futures are pointing lower while stocks and wellington are not budging too much after a twoday decline. A rise in iron ore output. Korean chip related stocks on view on reports that they are Testing Hydrogen fluoride from other countries. Crypt
Good morning. Welcome to daybreak australia. We are counting down to asias major market opens. Im kathleen hays. The top stories this hour, markets struggling for motivation even as a Team Inflation report builds the case for a fed rate skip. A renewed jump in treasury yields, weighing on sentiment after a week 30 year bond auction. Alibaba returns to Revenue Growth across all major divisions defined chinas economic worries. But theres nothing new on the plant slip. And chinas market regulator will meet developers and financiers friday seeking solutions to a worsening property crisis. Lets take a quick check on what happened on wall street today. Stocks started on a fairly decent rally. The s p 500 was up more than one person at one point after the july cpi report weight suggest that inflation is going back to its twoyear ago level, something the fed could pause, when it comes to rate hikes. But later mary daly said the fed still has work to do, so stocks lost a lot of gain. The s p ba
Welcome to daybreak asia. We are coming down to ages major market opens. Haidi the top stories this hour. The market searching for motivation as a tame u. S. Inflation report the case for a fed rate skip. A weak 30 year option. Alibaba returns to Revenue Growth across all major divisions define chinas define chinas economic woes. Bloomberg learns chinas market regulators will meet developers and financiers on friday seeking solutions to a worsening property crisis. Kathleen we are waiting for the Rate Decision from the banco ce ntral peru central bank. Expected to hold again even though inflation is falling. They did holder key rate at seven and recorders percent exactly as expected. We are going to be looking for messaging because Goldman Sachs had predicted they might cut their key rate today because inflation has had a nice downward trend lately. If not today they will do it at their next meeting. That is the latest from latin america. We will be waiting for any Additional Informati
May be over. Money markets and economists split as the rba policy tightening cycle nears its final stages. Haidi china criticizes the biden administrations latest arms deal with taiwan as the latest military footprint in australia expands. Shery Standard Chartered doubles down on earnings buybacks after an earnings beat. We hear from ceo bill when terms. Futures in the Asian Session, the start of the trading day under trading week, not necessarily seeing any movement at this point. This is after u. S. Stocks rose friday. The s p 500 gained three consecutive weeks. We are talking a 19 gain this year already. It was helped friday by key gauges of inflation showing further easing. Americans grown more optimistic about the Economic Outlook and we have plenty of earnings this week. 160 nine S P Companies reporting. 11 trillion of my get cap included market cap including apple, amd. The 10 year yield finish and just below 4 on the friday session. Yields fell friday after jumping toward an ei
The china investigates. I phone, make a phone call and i want insists the companys affairs are in order to so what could be behind the increased scrutiny from badging presidency . The surgeon, shoplifting retailers. All sizes, say that guessing drugs several times a day will ask whats behind the rise . And what does the future hold for yours . Most countries, things house last visit. Poland, to find out is the state of your business on robots invalid, and welcome to the program. Thats why when its government has less to the defense of home grown tech jobs folks calling after chinese officials. We got an investigation into the Company State to me during badging says the if i make his businesses in china, ive been subjects to tax inspections. The developments can only adds to tensions between the 2 nations, which were already nearing bullying. Point political interference. Taiwan certainly think so that charge from the island nation comes this. China launch is tax and land use investigat