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June 30, 2024
Designing also, caution is in the air as President Donald Trump prepares to address the nation and the world. He will call for unity after a deeply divisive year. Yvonne just starting things off with breaking news out of south korea, Industrial Production numbers missing by a longshot here, here are your numbers, falling 6 for the month of december. We were expecting that we would see a bit of a rebound here of a contraction of 1. 5 . We were expecting in october 6 soe saw that plunge in we have...
June 30, 2024
A few minutes early, again we are seeing a trend from the shift of the old economy to the new economy. We have the january manufacturing coming and at 51. 3 and we are still comfortably above that level. We were looking for a number of 51 point six. They are easing back of the more than expected. Not manufacturing though. 55. 3. That is better than decembers 55 number. That includes services as part of that component there. Gaining a little more pace. This is the rebalancing that policymakers ha...
June 30, 2024
A policy decision out of the bank of korea staying on hold as expected. Surveyed that we stated that the bank of korea would stay on hold at 1. 5 . Who succeedsas to the governor as this was his last decision as the governor of the bank of korea. There has not been a lot of consensus over who replaces him or if he gets reappointed. Take a look at this chart. This is the conundrum they are facing. We had the rate rise in november. Export growth is also coming in a little bit weaker in terms of th...
June 29, 2024
News. Thanks, chuck. For that part of the story. Lets go to cheryl hurd in oakland. She takes it from there. Cheryl, once the suspect reached oakland, more chaos. Reporter well, janelle, a huge sigh of relief for an oakland neighborhood under lockdown for about three hours now. That lockdown has been lifted. The pursuit from San Francisco ended up here in oakland, one street over on 60th street. Thats where the getaway car crashed into a tree. Heres video of the first suspect being arrested at 6...
June 29, 2024
And his expensive camera stolen. I constantly see people from china come walking up and see the crookedest street in the world. Its very safe here. I never see any problems. Reporter a house painter nearby took pictures of the man who was shot, a young man trying to stop the bleeding until paramedics arrived. It happened on lombard near jones shortly after noon. It appears that the victim was walking towards lombard street, and thats when he was approached by one of the suspects, who then tried ...
June 29, 2024
Hello and welcome to daybreak asia. Interesting to see you in singapore now. You are all over the place. The markets are all going in one direction. By oneinto the trade hour, pointing to a higher open. But show the board where we ended up on friday. Another record run. The s p above that 2500 level. The dow and nasdaq higher. That is the picture in asia right now. Focus onabout the Central Banks with the boj and the fed going into that fed meeting, still under 50 on expectations of a move in ra...
June 29, 2024
David right, a big week for markets. Japan is closed. Have a look at where we are. We talked about 2500 on the s p 500. Asian shares are at a 10 year high. Where does that take us . Have a look at this chart. You the ups and downs of momentum. Might haveare that pushed it below trendline in early july. Rsi almost dipping below 40, but rebounded nicely. This shows you that the bull market remains intact. Japan is shut, some not a lot of updates. It is still risk on. Not a lot of appetite for have...
June 29, 2024
In new zealand and in germany. Before germans went to the polls, we did see what was going on with valuations in the benchmark dax. The dax is showing Equity Investors are not conflicted. The dax trades at about 13 times its expected profit. That is well below msci priced ratios. Ndexes overweight. Just half an hour to go before we get these art of the session start of the session in hong kong and shanghai. It is now 135. There has been guff of Interest Rates going up. We have been doing this fo...
June 29, 2024
Rishaad the mood dark a new at the bank of japan. 2 inflation. A snapshinzo abe calling election, betting the stimulus package will help him back to power. Rishaad absolutely. We saw. Something markets rallying. Let us bring up this chart. 108. We have seen a gain ever since the topix hit a low after the last election, and it has only gone in one direction, essentially. July 2016 election. We have gone up, up, up. Will we see this snap election the same again for a market which is looking fully ...
June 29, 2024
Utility acquisition in five years. Anna a warm welcome to bloomberg a break europe. I am anna edwards. Manus i am manus cranny. We will be speaking to the fordham ceo. Joining us for the first interview of the day. Is it that friendly a deal, that buthe first question everything that glitters is not necessarily gold. We are talking about oil. But inner tech. V channeling the of splendor. Ng mark barton will freeze this chart. Trade above the 200 Day Moving Average. Inventories are dropping. Citi...