Paul good morning and welcome to daybreak australia. I am paul allen in sydney. Annabelle i am Annabelle Droulers in hong kong. We are counting down to asias major market opens. Shery good evening from bloombergs World Headquarters in new york, i am shery ahn. The top stories this hour. Takes birthday in two weeks helps u. S. Stocks again as treasury yields go higher and argentinian experts in freefall as a government deals with the political outsiders shaking up the election race. Chinas property prices affecting the listed industry. Shery we meet a man who could be taiwans next president. He tells us exclusively how he plans to reassure voters and maintain peace. U. S. Futures coming online slightly higher in the asian session. This, of course, after we saw u. S. Major benchmarks gain ground, tech leading the gains. It was a lowvolume session, not surprising given that august is a slow month, but a small tin can make a big difference. The russell 2000 of smaller stocks fall into a on
Indopacific. Theyve been alert to the dangers of the norths missile launches, and they want to work more closely on sharing information about those tests in realtime. They will update one another on the norths Nuclear Program and discuss how their forces can train more together. They also plan to pick up on discussions they had had oneonone. Kishida wants to explain the plan to release treated and diluted water from the Fukushima Daiichi Nuclear Plant into the pacific ocean. A senior u. S. Official says that the trilateral summit will serve as an important opportunity to enhance the relationship between the three nations. White House National security counsel spokesperson john kirby spoke in an interview with nhk on thursday prior to the summit. Kirby noted president joe bidens steadfast focus on the indopacific from the outset of his administration. What youre seeing here tomorrow at camp david is really a culmination of months and months, a couple of years plus effort by President Bi
Good morning and welcome to daybreak australia. I am paul allen in sydney. Annabelle i am annabelle dollars in hong kong. Shery the top stories this hour. A risk of open ahead as blakes u. S. Signals complicate the picture of the next fed move. Goldman sachs selling in a rate cut for the Second Quarter 2024. Chinas economy showing few signs of a rebound. Suspending trading monday on almost a dozen onshore bonds. Shery in winners erased the bulls closing in argentinas national elections. U. S. Futures coming on higher in the Asian Session after a very volatile friday session closed at a onemonth low for the s p 500. It was a really choppy trading session. Really close to the 50 Day Moving Average that could signal more losses. We are seeing more upside in the asian open for u. S. Futures after the nasdaq 100 notched its longest weekly losing streak this year already. Of course investors are really trying to digest the mixed economic picture with easing inflation worries and consumer in
Checking with equities on the cpi print really playing out in some senses. Its a bit of a core reaction to it by equities, but tech dragging the Hong Kong Market down, in particular. That is the yuan at the bottom of the screen. Trading the onshore yuan. Theres a look at chinese or should i say, Hong Kong Markets and tech as well. Yvonne its not just the yen against the dollar, we are watching most of these majors, especially when it comes to the euro. The end this weakest than stew thousand eight against the common currency. We are eyeing 145 for dollaryen right now. Joining us now is our effects and rates strategist, michael wilson, with more. We are getting close to those intervention levels now. Are we really focusing on this now . Are we likely to see anything . Michael good morning. Just above this 145 level, i would think not. I think we have to Venture North of 146, 146, 148. It would have to be done in quick fashion to get the ministry of finance hot and bothered. The way that
Filed a lawsuit in Fukuoka District Court in 2019. They say being unable to marry disregards the principles of freedom and equality guaranteed by the japanese constitution. The government says that documents provision on marriage does not encompass samesex marriage. But the presiding judges ruling says that samesex couples are not given the benefits of legal marriages. Because of that he says the denial of samesex marriages is in a state of unconstitutionality. However, his ruling also one of the plaintiffs said the ruling could provide momentum for new legislation by the state. Translator the judiciary urged the government that it should advance discussions. We hope the government will move forward without delay. Japanese courts have now handed down five rulings on lawsuits filed by samesex couples across the country. Uedas the second judge to describe japans lack of samesex marriage recognition as in a state of unconstitutionality while stopping short of deeming it unconstitutional.