Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump
Shery you are watching daybreak asia live from new york, sydney, and hong kong. Annabelle asia is major market opens. Haidi a big week with centralbank decisions in focus and the dollar is slightly weaker in monday trade. Michelle bullock is taking charge of the rba. Fresh tests ahead for Country Garden with deadlines for bonds. Shery u. S. Futures with a little upside after stocks fell in new york on friday. S p 500 had a weekly loss and nasdaq 100 fell 2 . We are watching many things including triple witching options expirations and anxiety over the fact we do not know how long the auto sector strike will continue and data showing new york and you fracturing unexpectedly expanded with treasury yields gaining across the board with two year yields holding at the highest level in 16 years and Oil Prices Continue extending gains over 90 a barrel after three weeks of gains already it is the supply outlook and reports we got last week including from opecplus that we might see a deficit for
Protesters tell leaders, welcome to hell. We have world coverage. Some harsh words coming out of germany. In seoul, Second Quarter profits should be coming up. Betty we are watching the g20 meeting in hamburg. We have will have insights for washington and across asia, what to expect from those talks and that meeting between putin and trump. This is daybreak asia, live from bloombergs usn asian headquarters. I am betty liu in new york, just after 7 00 p. M. After 7 00is just a. M. Here in hong kong. I am yvonne man. For markets, the stress has been in fixed income. Hawkish talk has brought stocks lower. Check out this bloomberg. You can see the tally what we saw overnight. Classes sold off, in tandem, for the first time in 10 days. This is the s p 500 etf and the treasury bond etf. Last time we saw these moves was 2013. Which has some wondering, is this the start of a taper tantrum . Betty which is exactly what the fed wants to avoid. Have been so careful to say the right things to the
Breaking investment rules. This is daybreak asia, coming bloombergsrom headquarters. I am shery ahn. Betty, it seems to be all about earnings this week. We had netflix overnight, but we are gearing up to bank of america, goldman sachs, ibm. Earnings season is usually friendly for stocks. We see another round of gains. Betty we absolutely will be. It is interesting because, you know, we know earnings will be a driver, but there is certainly differing consensus or differing aboutamong strategists how much earnings will propel markets higher. We know mike wilson says it could propel the markets up 10 . We have a guest coming up who does not think quite that, is probably on the opposite end of that spectrum. Diverging views are forming. Shery i will be quite curious to ask him why he is so pessimistic. Many in asia are looking forward to other data points including chinas Property Prices, not to mention we do get rbas in the july Meeting Minutes. Take a look at what the markets are doing r
Rishaad one of the stocks in theing the session postmarket period, we had netflix coming out with something, just reiterating what it has been doing. Big increase in the subscriber numbers, particularly overseas, helping to propel the stock. About 10 plus and afterwards section session. Oftory at the beginning april, you can see how disney, cbs, viacom, 21st century fox, have all lagged. Cbs was the best performer, still down 6 . Netflix was up 10 . That doesnt include the postmarket period, which will also increase after the nasdaq reacts properly. That is something to watch out for. Haidi thats right. I cant wait for that session to see how the stock reacts. It these questions, is sustainable, can they repeat this for another quarter . Line is the Company Actually going to turn a profit . Meantime, 30 minutes away from the opening in china and hong kong. In yesterdays session decoupling from the equity rally elsewhere. Singapore, taiwan, and malaysia just coming online. Sophie taking