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BLOOMBERG Bloomberg Technology July 11, 2024

News of the father of the Pfizer Vaccine shou. Our conversation with jeremy stopple min later this hour. Tiktoks Parent Company is asking a u. S. Court to intervene in President Trumps attempt to thwart the sale. We will have the latest from beijing. First, a comeback for big tech in the stock market. For more on the trade, we are joined by Sarah Ponczek in new york. Walk us through the day and how tech drove market action. Sarah we did have a tech turnaround today. After two days when the nasda...
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BLOOMBERG Bloomberg Markets Asia July 12, 2024

Unchanged policy. Coming back from the typhoon slower by 116 points. We are talking about hsbc, one of the laggards here, missing out. The largecaps under pressure, 4819 right now. We are looking. When it comes to dollar dynamics, we did see a stronger dollar, which led to a hit. 379 right. 7 now. The china 10 year yield, we just got the pricing on the dollar bonds. Gold taking a retreat. Brent crude Holding Around 42. Tom lets bring you back to the top story in this region. Xi jinping will brin...
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BLOOMBERG Bloomberg Markets Asia July 12, 2024

Hang seng is flat. Taiwan is the leader on the board. We will talk about tsmc. They are gaining on the back of the apple news. We continue to watch dollar renminbi. 16 month high for the yen. We could be set for the best performance ever for the renminbi. Look at whats going on the rest of g10. Still seeing a strong yen. Pound is gaining for a third day at 129. The dollar falling to the twoweek low ahead of the fed decision. Take a look at bond yields ahead, not much movement. Its pretty quiet b...
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BLOOMBERG Bloomberg Markets Asia July 12, 2024

There we have active futures on the s p up by. 5 . Nasdaq as well. Just seeing what is likely to happen with the start of the indian session and about one hour and 44 minutes. Nifty gaining about. 2 wednesday, looking like we are adding to it. Have some news as well. There were fears among bond traders bond that could have played havoc on the bond markets. That is the yen. We have the pound which has been emerging as a strong currency against its u. S. Counterpart as we get brexit negotiations t...
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BLOOMBERG Bloomberg Markets Asia July 12, 2024

You mentioned the vaccine trials with astrazeneca. That is not voting well. Boding well. Chinese markets nearly 2 down for the shanghai composite. The hang seng down 303 points, and the kospi also lower. Watching the dollar declined overnight, given some of the risk off moves. The pound down on the sixth the day, the longest losing streak since may. Streak eurodollar slightly lower. , ian hashe aussieyen been boosted by the haven play. G10 higherthe only than the dollar. Yields pretty much flat ...
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BLOOMBERG Bloomberg Markets Asia July 12, 2024

Official cash rate being kept on hold, 0. 25 . They are prepared to provide additional stimulus. Just keeping you crossing these additional lines coming through. Monetary policy needs to support the economy for a long time. The economic recovery is on track. The funding may be ready before the end of the year. There is progress being made on additional monetary calls. There has been a rise in unemployment and an increase in firm closures. These lines crossing the terminal now. They kept that cas...
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BLOOMBERG Bloomberg Markets Asia July 12, 2024

In fact, he said and i quote, that many of the ideas he fought for that just a few years ago were considered radical are now mainstream in the democratic already democratic party. At the root of their agenda is the belief that america is driven by envy, not aspiration. That millions of americans harbor ill will towards our neighbors instead of loving our neighbors as ourselves. The radical left leaves that the part left believes the federal government must be involved in every aspect of our live...
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BLOOMBERG Bloomberg Markets Asia July 12, 2024

And yet, it knows exactly how we see each other and how we treat each other. Clear, there is no vaccine for racism. Work forot to do the george floyd, for breonna taylor, for the lives of too many others to name, for our children, and for all of us. We have got to do the work to fulfill that promise of equal justice under law. Because heres the thing none of us are free until all of us are free. So we are at an inflection point. The constant chaos leaves us adrift. The incompetence makes us feel...
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BLOOMBERG Bloomberg Markets Asia July 12, 2024

Yesterday, were up the inflation rate as well. They saw exports came in at 13. 3 contraction. The headline number, 16 point 60 contraction. 16 contraction. Tom the question is whether on the fiscal side they will need to do more. The markets. N with a mixed picture in terms of sentiment from investors. You have got some significant southgs in japan and korea. The asiapacific almost back to the prepandemic levels. 169 is what you are looking at. Over on the mainland we have got red on the screen....
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BLOOMBERG Bloomberg Markets Asia July 12, 2024

And the 775 barely. Seven point 75 barely. China is trying to cool down more. This rally also in tech stocks in shenzhen. Marginal gains in the csi 300, but the chinext seems to be on fire. 8 10 of 1 higher for shenzhen small caps. Keep in mind, offshore investors also sowed sold a record amount of stocks recently. Seems tohe hang seng, be brushing aside the executive order from President Trump. We are seeing the rally up more than 200 points for your hang seng. We are watching things like expor...
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