Is no plan b. Is daybreak asia coming to you live from bloombergs u. S. And asia headquarters. The week and asia was too short, missing you already. Bit of a jolt to wake up asia, but also centralbank decisions, heads speaking this week. Lets take a look at asia, slow going on this monday morning. X 50. On the nz austria, counting down to the open in sydney, seoul, korea, and tokyo. 43, so couldve be a boost for equities. Slightly higher when it comes tospi 500 futures. Spi 500 futures. We could be seeing equities , a 40 point loss at the open in tokyo, so still looking pretty quiet. Today. Markets closed singapore,in malaysia, indonesia, philippines, and india. Thats right. Looks in thesia early going. We continue to watch headlines ,oming out about takata deciding to file for bankruptcy today in a tokyo district court. Far, no comments from the company, but we will be watching more detailsy and on this bankruptcy. Lets get to first word news. Haslinda south korea has joined nations b
Tenyear yield did fall below 2. 3 on the third miss in a row largely better than expected from jpmc and wells and earn,s season kicks off. A big week for retail walmart gets an upgrade from goalsm Goldman Sachs. Financials are driving, but is the real consumer economy primed for a rebound Jpmorgan Chase falling despite posting better than expected Quarterly Results the bank got a boost from lending but hurt by weakness in trading. Jamie dimon says, the u. S. Consumer remains healthy, evidenced in our strong underlying performance in consumer and Community Banking wells fargo with an earnings beat and a revenue miss and citi exceeds on the top and the bottom line. All these names have had quite a run since the election not hard to know how much they deserve today in light of what the macrodata said the results would give me the message that things are on track. Going roughly in the direction expected and theres improvement there. Jpmorgan, 12 return on equity thats one thing that stands
Time tojoin sally time to join sally for World Business report. Can bp profit in a world awash with cheap oil . The Fossil Fuel Giant releases its latest results in the coming hours. We will have analysis. And downgraded toshiba is removed from tokyos main stock board because of its financial problems. Is the japanese giants future now in doubt . Hello and a very warm come. This is World Business report. I am sally bundock. The University Of California is using wi fi enabled drones to create a system of sd imaging which could potentially allow them to see through walls. We will have more on that in a moment. In the next few hours, bp, one of the Worlds Biggest Oil producers will release its latest set of results. The numbers will be a strong indicator of how the industry is doing in a world where a 50 oil price has become the new normal. Analysts are estimating the company will report a profit in excess of 600 million for the Second Quarter of the year. That would be a big leap on from
Solid progress, janet yellen saying growth may have a higher rates, regardless of president trumps policies. Lets get underway, midweek session. When it comes to markets this week, we have shanghai, kuala lumpur starting off their session. A lot of things to discuss, david . David a lot of data coming through. But there was an underlying theme. We had testimony from janet yellen. It is all very positive. A bit more hawkish than expectations. This feeds into the narrative that the Global Economy is doing rough. The data that is come through, quite solid. We talked about china a lot. 144. 19 is the regional benchmark. 114. 3,dle to pass is that takes you back 2014. You have japan all day yesterday, the dollaryen pushing higher. Australia, you have the banks and minor stocks on the way up. Taiwan, a quick mention of that market. They have been up for five or six straight days. , a place ofollar concern for policymakers. The gdp will come up later on. When you look at the start, it has got
Medical leave is weighing on stocks. Beatingand properties expectations, the largest stock showing that resilience despite weaker earnings. It is 4 00 a. M. In london. Bloombergcome to markets middle east. You mentioned those earnings in asia. We are seeing not just earnings, but what has happened in the u. S. The dollarmy index was a gaining before. It is sharing those gains in the asian session. We are seeing others gain as well. Crude losing 7 10 of 1 . U. S. Is showing expanding stockpiles. Treasuries in sovereign debt markets in asia following u. S. Treasuries lower come as saying singapore and new zealand, rising there. Yousef, we are bracing for round two of janet yellen on capitol hill. Yousef absolutely. We are seeing interesting movement in terms of expectations for Interest Rate entries. Lets show you our favorite function, which shall use those you thosehows expectations for a march hike. We were 24 . Now were at 34 . We will continue to carve out this fascinating conversat