Heidi welcome to daybreak australia. Betty over the next hour we will be looking at how all the action in wall street is going to play into the asiapacific trading day. The fed meeting later this week. On friday, we saw the jobs report. The economy is heating up and thats it u. S. Stocks to rec ords. We saw the late day push for the s p and the dow. Lets show our viewers what happened in u. S. Stocks. S p higher. Dow adding 100. Aimlessres a little but still rising by. 04 percent. Bitcoin futures will be trading for the first time on the cvoe global index. One step towards legitimacy . This year one of the things has been the debate over bitcoin. And it legitimate for an option for those wanting to have control over the worlds money supply. We have been talking about Bitcoin Futures and one of the twins saying were going to see a 17 fold increase in bitcoin due to volatility. A record session high in the u. S. Probleme did see the with wage growth. To new zealand for a quick check of t
It is 9 00 in hong kong. Foroin, a watershed moment this crypto currency. Futures trading in chicago over the last hour so, and a little bit of volatility when it comes cboe website crashing. This is a pretty significant milestone in terms of this currency or commodity to get mainstream appeal and credibility. We will talk about that later on. We are looking at Central Banks this week. It is a big week when it comes to policy. 15 Central Banks globally, including the fed. Wirp onp the the bloomberg. This is likely to be the third and last of Janet Yellens rate hikes as she exits this role. Dotquestion is whether the is likely to change given a new fed chair. We are 30 minutes away from the open in china and hong kong. David is looking at the markets for us. Im looking at this note saying strap in. We are getting ready for the steepest rate hikes in 11 years. Haidi that is what they are saying. David the bond markets are saying the complete opposite. Has threefor rate hikes on top of de
This is Bloomberg Markets asia. Lets have a look at whats been going on. There has been a steeping of the yield curve going on, more flattening taking place. What we have is perhaps an economic slowdown in prospect. Lets have a look at this chart. It goes back to 1986 and it tracks whats going on in the white line into the two to 10 year yield spread. That is indicated by this axis here. Just over 60 basis points between the two of them. The green line is where gdp is. This is inverted. You can the lowest number of growth here, 4 contraction. What happens next is that the yield curve perhaps sees more flattening. We see growth has been improving of late. What happens in the future . We have a strong correlation between the two of them. One of the head scratchers in terms of what we been looking at this year. We had off to christmas break and volatility has been settling going lower, that if we can hold on to the moment in what we are seeing for this rally, we are going to see the asiap
The cornerstone of this years agenda. Im haidi lun. This is daybreak australia. Past 5 00 injust new york. It is just past 5 00 in new york. We had a super selloff of stocks and bonds. This, midst of all of janet yellen given us a very goodbye. Nt poignant i get a little choked up when i think about her leaving. Just to be the numbers quickly. If you rounded off, it was a doubles market. About 60 points. About 145 saying point come nearly 2 as well. They were spooked by the bond market. This sudden realization that the fed is probably going to be on track for at least three rate hikes this year. On friday. Ime, what does this mean for asian market after this big selloff . Haidi the question is whether this is temporary. You keep buying on these opportunities. Is it in and action point an Inflection Point . All 11 sectors retreating. U. S. Dollars during seeing its best week in 2018, after what has been a bad news story. The kiwi dollar at 7291. U. S. Dollar about 9 10 of 1 . Continuing
Producers may hit exports next year. Yousef 8 00 a. M. Across the emirates, this is Bloomberg Markets middle east. Im yousef gamal eldin. Angie im angie lau. Were off the lows of the session and take a look across the region as i bring up gmm on your bloomberg. Right now we are seeing mostly losses, falling off for yet another day. Risk off mood. The nikkei 225 is one of the laggards, the japanese yen, one of the safety havens, strengthens on the heels of north korea saying that the trump frederick is a declaration it could shoot down any u. S. Warplane that flies not only in its airspace, but also in international airspace. So watching the japanese yen here, and also notable in the equities space is hong kong. We are seeing real estate bounceback fractionally higher. One of the big laggards today is the information tech, down 1. 4 . One of the big reasons is the 18. 5 heavily weighted tencent, falling on what we saw on wall alphabet,cebook, netflix, google, amazon. Dip that hasgbig re