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I am dani burger along sign jeb bush alongside jennifer zabasajja. Fresh data shows the Services Sector in china was as low as rates this year is in august. Bloomberg economics says china may never overtake the u. S. As the worlds biggest economy. Lying low. Philip lowe the governor of the rba these Interest Rates unchanged in his final meeting to warns that some further tightening your choir. May be required. Country garden avoids a default with lastminute payments on dollar bonds. Happy tuesday. It is great to be back on the show with you, jen. Jennifer it is great and thank you for having me. Dani you are a pro. You had the rains yesterday and everything was great but it should be a morning of relief. We have the u. S. Dollar bond payment from Country Garden and goldman seeing a lower chance of recession. Someone sho ....
The 30year at 4. 89 reezing back and getting cloerz to 5 . It was moving closer to high tore 5 yesterday, bond yields easing across the board here. And should this selloff in bonds show some staying power, thats something jim cramer says can set us up for a bigger move higher for stocks. We certainly have plenty for a rally. Theres some a duraflame or two. We can get a repeat of what we saw in march. Maybe all that needs to happen is for the frantic bond sellers to slow the pace of the sales. They dont even have to stop. They have to be less desperate. Once that happens, we can focus on the stocks that have been crushed for weeks. Much more on his comments and maybe another barbecue rmpbs coming up later in the hour. Were going to look at energy. Its worst day sips september of 2022 with a 5 slide. Were seeing more downside action for oil. Crude at 83. 33. Thats the u. S. Setup. Lets see how europe is shaping up as its trading day gets underpay. We have much more on the early action. 1 ....
Screen when it comes to sovere in asia. We were at 5 for the u. S. 30 year and have come off of that a bit. Is this the calm befthe storm before the u. S. Jobs reort . Dollar taking the back foot and trendous gains when it comes to the korean won, strengthenin someone present this morning. Asian fx, the dollarenback below 149 or so. Equity markets are certainly liking this news. You are seeing mostly green and gains of 1 in japan. Hong kong is a story with su chin them in this judge approving this restructuring plan, and maybe that gives more tailwind to the property sector today. Overall, breathing a sigh of relief. Rishaad you look at the green and it is quite something. Lets look at the open for bangkok, on the way up marginll. Perhaps some interest in the bas well as we have seen that appreciates, but looking at the s p, we have at the moment their plans in thailand to jumpstart their 500 billion economy with a mix of cash dous and loan moratoriums. We are lookat he likelihood we c ....
Shery you are watching daybreak asia live from new york, sydney, and hong kong. Annabelle we are counting down to asias major market opens. Haidi risk off mood in asia. Treasury yields higher along with the dollar. U. S. Crude prices hitting a fresh one year high with shrinking stockpiles in the larger storage hub spilling demand for physical barrels. In battled Country Gardens takes a step towards restructuring its debt after narrowly avoiding default. Shery how u. S. Futures are trading early in the asian session, marginally higher at the moment after stocks finished mixed in the new york session. We have the s p 500 fluctuating throughout the session, just to finish where it started the day. At least, it ended up erasing some losses we saw earlier in the session after President Biden counted Artificial Intellig ....