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BLOOMBERG Bloomberg Daybreak Asia July 13, 2024

Pressure mounts. Shery the volcano in the philippines shots schools and the Stock Exchange, warning of a violent explosion. Australian markets have opened for trade. Lets turn to sophie. Sophie stocks opened to the downside, off. 2 after the best week of the asx 200 since february. We are seeing beach energy under pressure but Australian Oil companies should outperform in 2020, although looking for caution around oil prices in the back half of the year given expectations for additional supply which has taken the wind out of oils rally. The oil rally. Oil had the worst week since july. Lets flip the board to check in on cable. We are seeing cable under pressure. Looking at how it is doing, moving towards the 130 scandal. 130 scandal. Here,g into the terminal want to give you the heads up the Philippines Stock Exch ....

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BLOOMBERG Bloomberg Markets Balance Of Power July 13, 2024

He has condemned the attack and called on the iraqis to work with them to stand up against iran. Yesterday i was able to speak with the u. S. Special envoy to iran. What he said is there are likely going to be additional sanctions against iran as part of the administrations economic pressure campaign. David there is no question iran is closely affiliated with his militia group. There is no question some reaction was required, but the reaction we are getting is not from iran, it is from iraq. Do we know whether we brought our iraqi allies into the fact that we were firing these missiles . Kevin it appears to be unknown at this point. Obviously there are forces in iraq that stand with the u. S. Military. Beyond that, and increasing forcesof iranian backed in iraq has added complexity to the situation that is ongoing. Of what President Trump has cautioned against, irans expansionary policy, especially as they try to get negotiated t ....

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BLOOMBERG Bloomberg Daybreak Asia July 13, 2024

Shery President Trumps impeachment moves forward. The house formally notifies the senate but a trial could begin tuesday. Lots of headlines to digest today. Australian markets have just opened. How are they reacting . Sophie investors probably liking to play defensive today. Nudging slightly higher belittle change as it is looking to crack the 7000 level. Futures looking elsewhere just nudged slightly higher at the start of cash trade. Youre keeping an eye on resource stocks. We had would side an update. The Energy Player expecting growth on energy and liquid production and aluminum minors in view as well. Deal isng the new trade the best catalyst for demand. Lets address the board to check in on currencies. We are seeing steady currency markets just below 110. Trading near a july high. Dollar not budging much. Bond moves to the upside. 10 year yield on the upside. Back to th ....

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FBC Bulls Bears July 13, 2024

Reporter according to sources familiar with matter phase 1 trade deal between u. S. And china has been described as imminent and done. A Chinese Government the source telling fox business that President Trump agreed to not impose tariffs that were to be put in place sunday. It is important to stress, weve not heard a announcement or direct confirmation atthispoint from either President Trump or the white house. And cone versely as well, federally on thofficially from e government. There was a high level meeting here at white house this afternoon that has since wrapped up. President met with his trade team, president teed up that meeting in the day, by saying there was potentially a deal in sight, tweeting get very close to a big deal with china, this morning, president before the cameras remained tight lipped. We w ....

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BLOOMBERG Bloomberg Daybreak Asia July 13, 2024

And tear gas the streets. Australia orders large scale from bushfires as the death toll mounts. Sophie lets check in on the open in sydney after the asx 200 best annualrop the performance since 2000. We see it open slightly to the downside as we wait for markets to come back online elsewhere in the region. We are getting some data from australia coming out this morning. Home prices notching up the biggest threemonth gain in a decade. We are not seeing much reaction in the aussie dollar, softening a touch after hitting a fresh high. New zealand equity markets remain closed and the kiwi dollar keeping fairly steady after topping 67 this week and japan also remaining offline thel january 6, again, currency cap a Fourth Annual gain. Paul thanks very much. President trump says he can assign the first phase of a trade deal with china on the 15th of this month ahead of a visit to beijing where talks will begin on the next part of the deal ....

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