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July 16, 2024
Billionaires index. Raise 30 5ting to billion in hong kong and shanghai. Aviation in australia. Alice springs emerges as the ideal place to store passenger planes left idle by the coronavirus. Shery. Shery breaking news out of south korea. We are getting the preliminary thirdquarter gdp numbers and we are seeing the quarter on quarter the economy has grown 1. 9 , which is beating expectations of 1. 3 and this is also coming after its first recession since 2003. We saw a contraction of more than ...
July 16, 2024
India may miss growth targets as the virus cripples the outlook. Intel plunged after its new chip reduction process was delayed again. The company is under pressure as customers increasingly turn to rivals for chips. We are just getting pmi data out of australia crossing the bloomberg. The pmi actually rising to a record high in july. This is a preliminary number for services coming in at 58. 5. Manufacturing pmi also higher, 53. 4 from 51. 2. Composite at 57. 9. A big jump from the 52. 7 in the...
July 16, 2024
Selling but the glut looms over the market. The politics of the pandemic. The u. S. And china continue to trade barbs over their handling of the crisis. Washington says the world has been let down. Breaking news out of south korea. We are getting First Quarter gdp numbers quarter on quarter, seeing the biggest drop since 2008. Young talking about a contraction of 1. 4 . It is still a little bit better than expected. The expectation was a contraction of 1. 5 but it will still be the First Quarter...
July 16, 2024
Loom over the market. And the u. S. And china continue to trade barbs over the handling of the crisis. Washington says the world has been let down. Shery lets get you started with a quick check of how markets are trading. U. S. Futures looking like this. Unchanged at the moment. This, after we saw a broadbased rally in the regular session. This halting a two day slide. We had the latest around corporate earnings showing a little more positive sentiment. Chipotle and Texas Instruments rising on s...
July 16, 2024
Street, which he must avoid a damaging no deal divorce at all costs. Shery later in Bloomberg Technology global link, we will talk about the Justice Department investigation into whether big tech has been stifling competition. First, thats get you started with a quick check of how the markets closed tuesday session in the u. S. The s p 500 closed at the highest level in more than a week, up 7 10 of 1 . Rising for a second consecutive session. We have some strong earnings coming from the likes of...
July 16, 2024
Commodities. Sterling is very much in focus. The pound under some pressure after Boris Johnson was named the new u. K. Prime minister. How much of it period will he have . Can he deliver the brexit by october 31 . We see the aussie dollar at 69. 80. West back bringing forward the rbas next rate cut. They are citing a 0. 5 target for the rba cash rate. We saw a move in bonds, yields are down two basis points. Away from record lows. The kiwi continuing to see weakness today. We might need to go un...
June 30, 2024
Much bigger problem. Hello and welcome to daybreak asia. Im in haidi lun. In newim betty liu york. Some investors here watching the and saying is that a ticking time bomb that eventually will go so high that it only has one direction which is down. And big correction. So far, so good. I want to pull up a chart here. What is so fascinating, the vertical lines that you see represent days when all three indexes, the s p, nasdaq and dow, reached records. Take a look at how many of those days we have...
June 27, 2024
In hong kong it is just past 8 00 a. M. The am julie hyman and political stories continue apace in the United States where the ands today was on mexico that cancellation of a meeting with donald trump and theresa may coming over as well on earning season in the u. S. A lot for investors. Yvonne absolutely. Picture on wall street, it is mixed. Relatively leading into asia, we are seeing positive asian stocks. Positive move in asia ahead of the holiday. We do have the nikkei 225 opening higher. Ex...
June 27, 2024
Two years. Massive bit ofa chinese index dropping in a few months. Last, theill they markets will open in less than 30 minutes. We will see what is going on is a gauge for what is happening here in hong kong and beyond. When you look at the market and be you might get surprisingly cautious. Talk on the street here, anecdotally of course, they are and of scratching their head and wondering why we are seeing this rally. There have been a changes in the market. Cement makers. Here is your share ind...
June 25, 2024
Launchpad for spacex. Follow me on twitter at rishaadtv, and use trendingbusiness. Some disappointing manufacturing data. Asian equities muted ahead of the employment number. Not the best friday for markets. Downside this morning, malaysia and taiwan coming online with a pop. Singapore is off by. 25 , malaysia slightly higher, and has moved tospi the upside. Thead the revision from bank of korea for secondquarter gdp, rising to 3. 3 year on year thanks to a rise in private consumption. Construct...