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Transcripts For BLOOMBERG Bloomberg 20240704

Youre watching daybreak. Asia coming to you live from new york, sydney and hong kong. Were counting down to asias major market opens the top stories this hour. Asian stocks set to follow wall street lower as strong us retail sales signal rates may be higher for longer. Dollar strength sinking apac currencies to this years low decision day for the reserve bank of new zealand. With cooler inflation and higher unemployment supporting another hold. Plus, china said to mull cutting stamp duty on stock trades as defensive reaction to a surprise rate cut shows president xi facing more tough choices. Lets take a look at us. Futures now down. The stock market had kind of a tough day today. Were seeing now some green on the screen. However, just basically still pretty much unchanged. And in fact, the the feeling here was that retail sales in the us stronger than expected. Why wasnt that good for stocks . Because Neel Kashkari, part of it at least, president minneapolis fed says he doesnt think t

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Transcripts For BLOOMBERG Bloomberg 20240704

Haidi welcome to daybreak australia. I am haidi stroudwatts in sydney where markets have just come online. Annabelle i am Annabelle Droulers in hong kong and we are counting down to asias major market opens and the top stories this hour. Wall street shrugs of another harder than expected u. S. Inflation reading, the data doing little to alter bets that the fed will cut rates this year. Haidi japan is set to unveil which negotiations. Annabelle australias Wine Industry is cautiously optimistic amid reports that china has proposed lifting tariffs on the countrys wine. Kicking off with some breaking data, south korea releasing its jobless figures for the month of february. That reading has come in lower than what economists had been expecting. The reading is 2. 6 . We are below the postpandemic averageyear of 3. 3 sort of seen as the National Rate of unemployment at least by, our Bloomberg Economics team. Importantly, the reading of 2. 6 is below the average for economists and even the ra

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Transcripts For BLOOMBERG Bloomberg 20240703

Crowd. But i whether stress can sustain recent advances. The first of three treasury options this week. Filing a u. S. Legal challenge to his first tiktok sale. It could make its way to the supreme court. Request and Israeli Forces edging to rafah and southern gaza. Even a ceasefire negotiations continue with the deal proving elusive. Take a look the dataset appear in a stroller. A mixed session is really happening. We will see whether this is a valley that can sustain the amount of exuberance we are seeing a bit of downside with a bit of trading in new zealand. And steadiness when it comes to an open in hong kong. We see the aussie dollars training and 6591. This is perry much of the drop across the greenback. We are really watching this. They are carefully watching the impact of these levels for the end. Thats right. We can expect a bit more jawboning for those meetings there. This is the hokey that we got from u. S. Futures. Where exactly do we go from here . On the flip side, you h

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Asian Stocks Gain as Copper, Gold Climb to Records: Markets Wrap

Asian Stocks Gain as Copper, Gold Climb to Records: Markets Wrap
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.

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Stocks Gain as Copper, Gold Climb to Record Highs: Markets Wrap

Stocks Gain as Copper, Gold Climb to Record Highs: Markets Wrap
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.

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