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Oct 15, 2023
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strait in new zealand. we had an overwhelming result in the weekend elections towards the national party. looks like the prime minister elect will be christopher luxon, former unilever ceo and with just three years of political experience under his belt. there is a bit of horse-trading to come with their closest ally, the party has the barest of majorities. we will see with negotiations in the next days and weeks to come potentially involving the new zealand first party with mr. peters who has now staged at third come back to politics. really the star lord the lazarus, if you will, of needs and politics. christopher saying he may be new to politics, but he has a lot of experience when it comes to mergers and acquisitions. and when it comes to austria, we saw the overwhelming no vote, very divisive, and at times very difficult to deal with campaign for the voice referendum. it is now down to prime minister albanese to try to find the unity he had hoped this vote would bring. we will be speaking exquisitely t
strait in new zealand. we had an overwhelming result in the weekend elections towards the national party. looks like the prime minister elect will be christopher luxon, former unilever ceo and with just three years of political experience under his belt. there is a bit of horse-trading to come with their closest ally, the party has the barest of majorities. we will see with negotiations in the next days and weeks to come potentially involving the new zealand first party with mr. peters who has...
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Oct 12, 2023
10/23
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for the new zealand first party, they are more nationalistic. it's unclear at the bottom lines will be but very experienced leader at the head of new zealand first so it will be interesting negotiations. shery: tell us about what we can expect in terms of issues being diluted once you get a coalition government. what the two parties, the main contenders right now stand for and perhaps the bottom line. guest: i think it's important to recognize in new zealand that both our major parties are what would be seen as traditionally left of center. they are doing market interest tech policies but the key negotiation between the policies is about government spending and tax. next where you are seeing the discussion happen. in terms of diluting some of those policies into negotiations, i think on the right if you look at the right block national new zealand first, it's unlikely that those issues will change. on the left, the labor greens possibly new zealand first again coalition, that's up for grabs because those parties are pushing for significant incre
for the new zealand first party, they are more nationalistic. it's unclear at the bottom lines will be but very experienced leader at the head of new zealand first so it will be interesting negotiations. shery: tell us about what we can expect in terms of issues being diluted once you get a coalition government. what the two parties, the main contenders right now stand for and perhaps the bottom line. guest: i think it's important to recognize in new zealand that both our major parties are what...
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Oct 10, 2023
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when we look at the mortgage drop in new zealand, around half of mortgages in new zealand are due for repricing over the coming year. that means many households will be moving from historically low fixture mortgage rates to something around -- something even higher. and we do expect democrat other areas of spending. >> if it is some sort of a coalition that suggests a tightening of spending, would he think of fiscal policy implications are for the rv and z? >> it is very tricky now. it will be facing the incoming government. the fact that it is high moving costs. at the same time, they don't want to stop inflation pressures. they could risk inflation which means interest rates may stay higher for longer. a tough balancing act here. with all these things going on, there is the need for power, any support payments. it is interesting to see the other areas. >> if we do get a new government, we have potential reforms as a change to the rv and z mandate. do you think that is a worthwhile reform? >> i think there is some merit in looking at that. generally i do think given sometimes two of
when we look at the mortgage drop in new zealand, around half of mortgages in new zealand are due for repricing over the coming year. that means many households will be moving from historically low fixture mortgage rates to something around -- something even higher. and we do expect democrat other areas of spending. >> if it is some sort of a coalition that suggests a tightening of spending, would he think of fiscal policy implications are for the rv and z? >> it is very tricky now....
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Oct 15, 2023
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new zealand stocks likewise are trading to the downside. it is broadly risk of unbalanced, but still a lot of uncertainties and unknowns as we start another trading week. shery: yeah, we bracing for volatility. features are still slightly in positive territory early in the agent session after stocks lost ground on the friday session. we were bracing for the continuing conflict in the middle east, and a potential ground incursion in gaza. we had the big-tech selloff as well. we also had treasuries rising across the curve, haven demand being seen in the 10-year yield which fell to the 4.6% level. we are also watching oil continue to rally. the largest weekly gain in a month. but you can see in the agent session, a bit of downside, 0.2%. perhaps one positive for the broader market was the earnings season being kicked off by big wall street banks. jp morgan, citi, wells fargo. we had a couple of them really gaining ground on the friday session on solid earnings. we have goldman sachs, morgan stanley and bank of america this week. it was already
new zealand stocks likewise are trading to the downside. it is broadly risk of unbalanced, but still a lot of uncertainties and unknowns as we start another trading week. shery: yeah, we bracing for volatility. features are still slightly in positive territory early in the agent session after stocks lost ground on the friday session. we were bracing for the continuing conflict in the middle east, and a potential ground incursion in gaza. we had the big-tech selloff as well. we also had...
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Oct 12, 2023
10/23
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new zealand preparing to vote on saturday in its general election. >> we are counting down to the major market open. australia has just come online. shery: the top stories, asian stocks following the u.s. lower as fresh cpi data boosting bets on fed rate hikes. the u.s. and qatar withholding $6 billion of funding to iran as they look at involvement on the attack in israel. australia looking to reject an additional -- as there are allegations of racism. haidi: breaking news out of south korea, the jobless rate for september coming in at 2.6% in line with expectations although the labor market has loosened a little bit from the previous month was it stood up a 2.4% jobless rate. 309,000 jobs for the south korean economy from a year earlier not to mention the jobless rate at 2.6% is low compared with the 10 year average of 3.5% in the post-pandemic average of 3.3%. we still have strength in the service sector, although risks remain for the south korean economy, including deteriorating global demand. we are headed towards a be ok rate decision next week, annabel, but we are expecting to see
new zealand preparing to vote on saturday in its general election. >> we are counting down to the major market open. australia has just come online. shery: the top stories, asian stocks following the u.s. lower as fresh cpi data boosting bets on fed rate hikes. the u.s. and qatar withholding $6 billion of funding to iran as they look at involvement on the attack in israel. australia looking to reject an additional -- as there are allegations of racism. haidi: breaking news out of south...
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Oct 16, 2023
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it has been a problem in new zealand. part is making sure we can get enough access to l -- capital to underpin investment to move to a higher product and the space so that will be critical policy going forward. haidi: there are a lot of global challenges at the way -- challenges in the world right now. where does the government stand beyond domestic issues? >> everyone around the world is looking at the conflict with russia and ukraine, the conflicts between israel and palestine, they are incredibly concerning to new zealand. you still have the issues between the u.s. and china as well. china is a big market for new zealand and so is the u.s. so those things are always top of mind for new zealand business because we are at the bottom of the world. haidi: there is still a lot we don't know in terms of what this government and coalition government will be when it is formed in the coming weeks but the parties have reached out and negotiations will be ongoing. i will hand it back to you from this very windy day. yvonne: thank
it has been a problem in new zealand. part is making sure we can get enough access to l -- capital to underpin investment to move to a higher product and the space so that will be critical policy going forward. haidi: there are a lot of global challenges at the way -- challenges in the world right now. where does the government stand beyond domestic issues? >> everyone around the world is looking at the conflict with russia and ukraine, the conflicts between israel and palestine, they are...
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Oct 8, 2023
10/23
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haidi: a big weekend in new zealand is well. do we expect a change of government after they vote their saturday? ben: that is how it is looking at this point. currently we expect to change of government in new zealand if the polls are to be believed. with a possible three party coalition within the national party. a prime minister. buxton and hit begins, the current prime minister, are pretty much even when it comes to their preferred prime minister polls. when it comes to the actual party vote, the national party is what ahead of the labour party and that keeps falling at this stage. haidi: bloomberg's ben wescott there with two key votes in australia and new zealand this week. checking asia markets. looks like a quite a lot of volatility and uncertainty going into the start of trading there. we are expecting headwinds. we continue to monitor the situation of the conflict in the middle east as well as china reopening after a weeklong old and a holiday as well. there are a lot of factors. we are seeing a move to havens now. this
haidi: a big weekend in new zealand is well. do we expect a change of government after they vote their saturday? ben: that is how it is looking at this point. currently we expect to change of government in new zealand if the polls are to be believed. with a possible three party coalition within the national party. a prime minister. buxton and hit begins, the current prime minister, are pretty much even when it comes to their preferred prime minister polls. when it comes to the actual party...
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Oct 16, 2023
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in terms of property prices they are likely to return from a downward trend in new zealand with the new government so we will have an increase. one thing that is concerning is the new government is going to open up planning regulations to allow people to build more property in more locations and that is likely to mean we have green developments in our most hazardous locations. so you have situations where homes are being built and sold intentionally for investors that are inside flood bands that have a time limit on them. haidi: is government regulation keeping i guess in time with the climate risks we are seeing? >> in terms of -- there has been attempts to reform planning laws called the research management act. the government is not keen on those reforms but what is happening is that because there was a mandatory wording brought in based on the task force of climate related financial disclosures that was brought in on the first term of the previous government five or six years ago read that has put a lot of pressure on banks to get a better understanding of the risk, so less likely t
in terms of property prices they are likely to return from a downward trend in new zealand with the new government so we will have an increase. one thing that is concerning is the new government is going to open up planning regulations to allow people to build more property in more locations and that is likely to mean we have green developments in our most hazardous locations. so you have situations where homes are being built and sold intentionally for investors that are inside flood bands...
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Oct 8, 2023
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shery: been there with two big votes in new zealand and australia this week. we will actually provide you with on the ground coverage of new zealand's election, voters heading to the polls in less than a week. we are also watching oil prices at the moment, we saw a jump at one point past 4%. in the early asian session, this of course after that surprise attack by hamas on israel and the potential that the conflict could spread to the rest of the middle east. at this point the expectation is that there is no immediate threat to supply but all eyes are on what happens to iran a major oil producer and key backer of the hamas group. we have heard from media reports that iran help plot the attack on israel. all of this coming at a time where we have seen big losses for oil already, we are just coming off the weekly -- biggest weekly drop since march. haidi: yes that big jump as a result of that surprise attack, we continue to watch what if any retaliation against iran it looks like and how that impacts energy markets. you are seeing that classic haven demand risk o
shery: been there with two big votes in new zealand and australia this week. we will actually provide you with on the ground coverage of new zealand's election, voters heading to the polls in less than a week. we are also watching oil prices at the moment, we saw a jump at one point past 4%. in the early asian session, this of course after that surprise attack by hamas on israel and the potential that the conflict could spread to the rest of the middle east. at this point the expectation is...
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Oct 3, 2023
10/23
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energy prices affecting all central banks, not just new zealand. are we expecting a hold today, albeit a hawkish one? >> we are expecting a hawkish hold. at the very least, the banks will say that rates must stay restrictive for the foreseeable future to make sure markets don't start pricing any rate cuts into the sort of positioning. you are right, there is inflation pressure brewing, but again with the election just around the corner for us, it's very unlikely the central bank will want to go out and make a bold called at this point. we are expecting to read the language very carefully, to see what the signals are. shery: at the start of this global tightening cycle, the central bank's were reluctant to pause rate hikes just to resume them again but we have seen a few central banks already do that, is not a possibility for the rbnz here, too? >> it is a possibility. markets are pricing about a 50-50 call on whether there will be another quarter-point rate rise in november, the final review of the year. there's is a small minority of economists ca
energy prices affecting all central banks, not just new zealand. are we expecting a hold today, albeit a hawkish one? >> we are expecting a hawkish hold. at the very least, the banks will say that rates must stay restrictive for the foreseeable future to make sure markets don't start pricing any rate cuts into the sort of positioning. you are right, there is inflation pressure brewing, but again with the election just around the corner for us, it's very unlikely the central bank will want...
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Oct 31, 2023
10/23
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new zealand stocks all that weakening trend intact again. paul: let's get back to the war in the middle east with hamas saying it will release some foreign captives within a day as fighting escalates inside gaza. health officials there say dozens of people were killed and wounded by a series of israeli airstrikes on a refugee camp. for more, let's get to our director, jodi schneider, what we know? >> we know that there were a lot of airstrikes on that refugee camp and that several apartment buildings were hit. we don't know the number of wounded or dead yet, but it was a major strike, and the buildings that had been there were turned into craters. of course this comes as there is calls throughout the world, a lot of concerns about refugees within gaza and the civilian casualties as well as the worsening critical humanitarian situation there, so whenever this happens, there are calls for a cease-fire. we have heard from prime minister netanyahu say he will not have a cease-fire but whenever civilians are struck in a very visible way that will
new zealand stocks all that weakening trend intact again. paul: let's get back to the war in the middle east with hamas saying it will release some foreign captives within a day as fighting escalates inside gaza. health officials there say dozens of people were killed and wounded by a series of israeli airstrikes on a refugee camp. for more, let's get to our director, jodi schneider, what we know? >> we know that there were a lot of airstrikes on that refugee camp and that several...
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Oct 4, 2023
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and over in new zealand, r.b.i.'s' decision -- rbzn expecting the hawkish hold and expecting communicn this recent bout of energy reflation that we've seen. 1.1% lower for kiwi stocks and potenty given that the economy has bee hlding up relatively well. the markets will be lokig for any signaling that there is further room for -- the rbzn to put through more tightening in this cycle. we're also watching yields and how high is the peak going to be given that we're seeing just high of that 5% threshold when it comes to the aussie 30-year at the moment? turning to singapore, where the investigation into one of the city state's largest money laundering cases is widening further. with the value of assets seized, now topping $2 billion authorities are also investigating the role that some family officers might have played in the scandal. bloomberg's avril hong from singapore. so avril, what's happening now in terms. latest on this now sounds like expanding investigation? >> it is expanding. and the value. assets that have
and over in new zealand, r.b.i.'s' decision -- rbzn expecting the hawkish hold and expecting communicn this recent bout of energy reflation that we've seen. 1.1% lower for kiwi stocks and potenty given that the economy has bee hlding up relatively well. the markets will be lokig for any signaling that there is further room for -- the rbzn to put through more tightening in this cycle. we're also watching yields and how high is the peak going to be given that we're seeing just high of that 5%...
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Oct 11, 2023
10/23
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polls indicate there's probably going to be a change of government and new zealand. there could be a change of fiscal policy as well. let's take a look at the bottom space -- the bond space. we are seeing yields declining. we are seeing a bit of a dip on the aussie tenure as well -- aussie 10-year as well. a bit of a pop for the u.s. 2-here. on this part of the world, we definitely have an environment of falling yields. the aussie dollar, holding steady at 624 sense u.s. -- holding steady at $.64 u.s. that is it for "daybreak: australia." stick around for "bloomberg daybreak: asia" in a moment. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh nice footwork. man, you're lucky, watching live sportsh never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down
polls indicate there's probably going to be a change of government and new zealand. there could be a change of fiscal policy as well. let's take a look at the bottom space -- the bond space. we are seeing yields declining. we are seeing a bit of a dip on the aussie tenure as well -- aussie 10-year as well. a bit of a pop for the u.s. 2-here. on this part of the world, we definitely have an environment of falling yields. the aussie dollar, holding steady at 624 sense u.s. -- holding steady at...
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Oct 2, 2023
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. -- new zealand is online already in trading downward. but it is that move coming through in treasuries playing out across the data space. yields are rising across the curve. the aussie 10 is trading at a level we haven't seen since 2011. that makes it all that much more interesting ahead of the rba meeting later this morning. paul: yeah, that's right, a big day in australia. the central bank making its first recall under new governor michelle bullock. most economists expect the cash rate to stay on hold at 4.1%. let's bring in swati pandey. is there anything else likely to change? swati: it is unlikely. we are expecting a hawkish hold. michelle bullock is seen as slightly more bullish than phil lowe and that is because of her background in financial stability and financial systems and she probably can see that a lot of the house. already hurting and she might probably play that up a bit. apart from inflation, which surprised on the upside, the monthly inflation indicator, there isn't a lot out there about calls for a rate hike at this po
. -- new zealand is online already in trading downward. but it is that move coming through in treasuries playing out across the data space. yields are rising across the curve. the aussie 10 is trading at a level we haven't seen since 2011. that makes it all that much more interesting ahead of the rba meeting later this morning. paul: yeah, that's right, a big day in australia. the central bank making its first recall under new governor michelle bullock. most economists expect the cash rate to...
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Oct 30, 2023
10/23
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across new zealand and australia you see not much movement. the aussie dollar in new zealand dollar there. we might see some movement in the korean won though. we're anticipating some data out of korea, and also anticipating data on jobs and industrial production out of japan. so plenty on the agenda for today. if we take a look at where stocks are pointed, at least for tomorrow in the u.s., it looks like it might be a down day. this after an up day today. the s&p rallying 1.2%. but the futures at least look like they are pointed lower, at lease for the s&p and nasdaq 100. across asia, we have stocks, futures pointed lower. and it's interesting because it looks like, at least in japan within the nikkei 225 futures lower, it is a risk off tone today. haidi: yeah. the yen will really be what we are focusing on going into this bank of decision -- bank of japan decision, because there is a sense we are going to see some repricing. obviously that nikkei reporting about the adjustment of the 10 year yield really end of the trading momentum we have s
across new zealand and australia you see not much movement. the aussie dollar in new zealand dollar there. we might see some movement in the korean won though. we're anticipating some data out of korea, and also anticipating data on jobs and industrial production out of japan. so plenty on the agenda for today. if we take a look at where stocks are pointed, at least for tomorrow in the u.s., it looks like it might be a down day. this after an up day today. the s&p rallying 1.2%. but the...
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Oct 24, 2023
10/23
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elsewhere, new zealand in negative territory. nikkei futures are looking flat ahead of the open in japan and the yen just hovering below the 150 level. that is it for daybreak australia, let's take you with us, daybreak asia is up next. this is bloomberg. ♪ so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile service around. with the best price for two lines of unlimited. only $30 bucks a line per month. that's hundreds in savings a year when you wave bye to the other guys. all on the most reliable 5g network nationwide. you really shouldn't walk out the front door without it. switch today at xfinitymobile.com. shery: you are watching "daybreak: asia." we are counting down
elsewhere, new zealand in negative territory. nikkei futures are looking flat ahead of the open in japan and the yen just hovering below the 150 level. that is it for daybreak australia, let's take you with us, daybreak asia is up next. this is bloomberg. ♪ so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile service around. with the best price for two lines of unlimited. only $30 bucks a line per month. that's hundreds in...
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Oct 17, 2023
10/23
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we saw the picture being reflected when it comes to new zealand bonds. kiwi stocks down 1/10 of 1%, watching a gap in expectations for the yen. close to the 150 hurdle but a real disparity as we got forecast on the yen. analysts are the most divided on the currency since 2016, nikkei futures looking soft. news flow, the data docket by china, futures looking flat has we expect modest appreciation or traction when it comes to domestic activity indicators. shery: watching data in the u.s. because they keep surprising to the upside. a large jump in retail sales, treasury yields were soaring today so were talking about a two year yield are the highest level in 17 years and of course stocks struggled for direction, s&p 500 finishing unchanged. we were digesting earnings from banks. a mixed picture with goldman sachs saying a huge drop in profit but it was all about treasury yields. the slump continuing and what that means for the fed as markets are pricing in a potentially another rate hike read we continue to watch geopolitical tensions in the middle east as
we saw the picture being reflected when it comes to new zealand bonds. kiwi stocks down 1/10 of 1%, watching a gap in expectations for the yen. close to the 150 hurdle but a real disparity as we got forecast on the yen. analysts are the most divided on the currency since 2016, nikkei futures looking soft. news flow, the data docket by china, futures looking flat has we expect modest appreciation or traction when it comes to domestic activity indicators. shery: watching data in the u.s. because...
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Oct 1, 2023
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futures are down by half of 1% at the moment read you've got new zealand trading, coming down to election day, 12 days away and the yen is at 149.49, not a great deal of movement. you might anticipate to see a bit of intervention from the ministry of finance. we've got me key futures in negative territory and today is the day we get business survey results. markets closed for the golden week holiday and that includes china, south korea and hong kong. no trade today. shery: we are headed towards the first trading day of the quarter in the u.s. after the s of the 500 saw the worst quarter in about one year or so. we're talking about the essence the 500, gaining ground in the previous session or losing ground, outperforming on friday session. but of course this coming at a time when treasury yields were down despite the fact that we are lingering around 16 year highs for the 10 year yield and the 30 yield around 2010 highs. you have to put the moves into context. the bottom line is we continue to see risks emerging in the broader markets. we are talking about more big down days, fewer reboun
futures are down by half of 1% at the moment read you've got new zealand trading, coming down to election day, 12 days away and the yen is at 149.49, not a great deal of movement. you might anticipate to see a bit of intervention from the ministry of finance. we've got me key futures in negative territory and today is the day we get business survey results. markets closed for the golden week holiday and that includes china, south korea and hong kong. no trade today. shery: we are headed towards...
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Oct 4, 2023
10/23
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the reserve bank of new zealand has cap the official cash rate unchanged at 5.5% as economists predicted. rates may need to remain restrictive or longer to return inflation to targets. adding to uncertainties, new zealand holds a general election in 10 days could see a change of government. the blockbuster trial of sam bankman-freid is underway almost one year after the collapse of the ftx crypto exchange that he cofounded. that story next. this is bloomberg. ♪ kriti: the blockbuster trial of the u.s. versus sam bankman-freid is officially underway almost one year after the collapse of ftx crypto exchange he cofounded. bloomberg's kailey leinz has more from new york. >> sam bankman-freid trial began in manhattan on tuesday where he is facing seven charges related to fraud and money laundering. the tribe began -- the trial began with jurors who were evaluated for bias so they can decide his fate. sam bankman-freid was present in the courtroom on tuesday and had a shorter haircut. his signature mop of curly hair was gone. he was wearing a suit that was too big for him. he may have lost w
the reserve bank of new zealand has cap the official cash rate unchanged at 5.5% as economists predicted. rates may need to remain restrictive or longer to return inflation to targets. adding to uncertainties, new zealand holds a general election in 10 days could see a change of government. the blockbuster trial of sam bankman-freid is underway almost one year after the collapse of the ftx crypto exchange that he cofounded. that story next. this is bloomberg. ♪ kriti: the blockbuster trial of...
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Oct 12, 2023
10/23
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taking a look at new zealand, also a little bit weaker. it is a general election in new zealand on the weekend and all polls indicate we might have a change in government which would suggest a change in fiscal policy also but that is it from "daybreak asia." our markets coverage does continue as we look ahead to the start of trade. bloomberg markets china open, next. this is bloomberg. ♪ it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. nice footwork. sman, you're lucky,. watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field
taking a look at new zealand, also a little bit weaker. it is a general election in new zealand on the weekend and all polls indicate we might have a change in government which would suggest a change in fiscal policy also but that is it from "daybreak asia." our markets coverage does continue as we look ahead to the start of trade. bloomberg markets china open, next. this is bloomberg. ♪ it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey...
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Oct 17, 2023
10/23
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rishaad: in terms of the bond picture for new zealand and australia, what we have is a situation where certainly australian yields are climbing. they do not expect an interest rate change. yvonne: because of the inflation print that came out softer than expected. pushing back their calls for the next hike. used to be november, could be february. does this set the stage for a rate cut? you still have rba in the higher for longer camp. rishaad: prospects of perhaps softening rather than hawkish behavior. let's move to some of the individual companies. we have apple's new iphone in a downswing compared to the last one. that is affecting the ones in the supply chain. yvonne: huawei may be eating some apples pie. -- some of apple's high. up 3% there. take a look at energy. despite oil prices stabilizing, there is an easy enough than is willing sanctions. -- easing of venice willie and sanctions. more to come. ♪ it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right i
rishaad: in terms of the bond picture for new zealand and australia, what we have is a situation where certainly australian yields are climbing. they do not expect an interest rate change. yvonne: because of the inflation print that came out softer than expected. pushing back their calls for the next hike. used to be november, could be february. does this set the stage for a rate cut? you still have rba in the higher for longer camp. rishaad: prospects of perhaps softening rather than hawkish...
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Oct 26, 2023
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this is the picture when it comes to new zealand, off by about 0.5%. vonnie, you mentioned we are still watching the yen over the 150 thresholds. this is the level where we are on watch for policymakers, but we also do know there has been a little more reluctance to intervene at these levels, given we are still looking at the potential for how and when the doj tweak plays out as well. that will be more top of mind for investors. we will take a bit of a breather for the selloff, particularly with tokyo and korea trading. still ahead, sam brinkman freed taking the stand in front of a judge. we get an update on the trial. this is bloomberg. ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. >> the chinese foreign minister is due to meet with president biden this friday when he visits the white house. it could lay the groundwork for a meeting between biden and president xi. a diplomat m
this is the picture when it comes to new zealand, off by about 0.5%. vonnie, you mentioned we are still watching the yen over the 150 thresholds. this is the level where we are on watch for policymakers, but we also do know there has been a little more reluctance to intervene at these levels, given we are still looking at the potential for how and when the doj tweak plays out as well. that will be more top of mind for investors. we will take a bit of a breather for the selloff, particularly...
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Oct 16, 2023
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in terms of what else we are seeing, inflation data out of new zealand. the key take away from that is the cpi came in softer than what had been expected from economists. it was that 6% in the second quarter. the drop coming through for the kiwi dollar. kiwi stocks a little bit in the red. there is a key market we are tracking over the course of the year that has seen pressure. it is the csi 300, a slide over the course of 2023, more than a 6% drop despite a lot of support measures coming through various points from policymakers and beijing in order to try to turnaround sentiment there. china is now tightening curbs on shortselling activities. a lot of details in the latest effort to help sentiment. will this one be the one that pushes through and spurs a rebound? >> let's see what the risk sentiment looks like given the geopolitical situation around the israel hamas war. israel's defense minister told antony blinken to expect a protected -- protracted conflict. >> this will be a long war, the price will be high. we are going to win for jewish and the isr
in terms of what else we are seeing, inflation data out of new zealand. the key take away from that is the cpi came in softer than what had been expected from economists. it was that 6% in the second quarter. the drop coming through for the kiwi dollar. kiwi stocks a little bit in the red. there is a key market we are tracking over the course of the year that has seen pressure. it is the csi 300, a slide over the course of 2023, more than a 6% drop despite a lot of support measures coming...
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Oct 27, 2023
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different story in new zealand down 8/10 of 1% for the benchmark there. haidi: it's nice to end the week on a little bit of a reprieve for these markets because the pressures have been coming from all of these crosscurrents, be it these concerns, what the fed will do next, some of that yen strength is also weighing. we have the comments from the japanese government really talking through this idea of how hot that inflation reading was for tokyo. that does put a little bit more pressure on the boj when it comes to its imminent expectations. the change to the monetary policy settings. take a look around the fx side of things. this is a bit of a reprieve from the dollar strength stories. it was the bit of downside there for the bloomberg u.s. dollar index. we see the euro trading pretty steady at the moment after that ecb decision. but of course, just to repent -- recap our breaking news, china's premier, second most powerful man in the country has died of a heart attack. cctv releasing the information, saying he died of a heart attack. he passed away in sha
different story in new zealand down 8/10 of 1% for the benchmark there. haidi: it's nice to end the week on a little bit of a reprieve for these markets because the pressures have been coming from all of these crosscurrents, be it these concerns, what the fed will do next, some of that yen strength is also weighing. we have the comments from the japanese government really talking through this idea of how hot that inflation reading was for tokyo. that does put a little bit more pressure on the...
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Oct 13, 2023
10/23
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you are seeing that in australia and new zealand. putting much a lot of leaning when it comes to the bond market. the discussion is higher for longer, how long? not so much how high anymore, given that inflation is showing the fed is not done declaring victory on this anytime soon. rishaad: not mission accomplished by any stretch of the imagination. we are looking at reaction on the futures contracts as far as india goes. 45 minutes away from the session, .7 1%, cpi was about 5% and we have factory output, as oil, surging to a 14 month high. good news really but given the climate out there, it is not. what is going on is this route along the treasury curve and that hot cpi read, and really, the moment has had it with u.s. equities and definitely is our bonds go. yvonne: look at the 30-year and the u.s. treasury curve, and basically it went nuts. we were up about 19 basis points and have not seen moves like that since 2020. you add that print and it was about action, which goes to show the supply issues that are weighing on the mark a
you are seeing that in australia and new zealand. putting much a lot of leaning when it comes to the bond market. the discussion is higher for longer, how long? not so much how high anymore, given that inflation is showing the fed is not done declaring victory on this anytime soon. rishaad: not mission accomplished by any stretch of the imagination. we are looking at reaction on the futures contracts as far as india goes. 45 minutes away from the session, .7 1%, cpi was about 5% and we have...
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Oct 2, 2023
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it was new zealand that was weighing passengers for a while just to check out how much everything weighed. they probably have a good idea. you take x numbers of tons of weight off of the airplane and that means you need less fuel. alix: the article talked about different industries. you can think about apparel, if you are using less material to make clothes, that will increase shirt profit. i thought that was quite interesting. guy: it is going to throw off the sizing models which will be interesting. you work through the socioeconomic effects of this, absolutely insane. you look at the british government and the national health service, if you were to change even slightly some of the arithmetic around that, absolutely massive the effect. the airlines are just the leading edge in this whole story. another story we should talk about as well. if you are a financial advisor, cover your ears. financial advisors facing in existential crisis. banks offering limited returns. why do you need a financial advisor when it is that easy. we will talk about at -- next. . this is bloberg. ♪ alix: we w
it was new zealand that was weighing passengers for a while just to check out how much everything weighed. they probably have a good idea. you take x numbers of tons of weight off of the airplane and that means you need less fuel. alix: the article talked about different industries. you can think about apparel, if you are using less material to make clothes, that will increase shirt profit. i thought that was quite interesting. guy: it is going to throw off the sizing models which will be...
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Oct 17, 2023
10/23
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new zealand we are seeing downside when it comes to the equity session. bigger losses when it comes to the kiwi dollar. they are leading declines in the g10 space after inflation numbers in the third quarter given more deflationary than expected. it comes to fx, we are watching the yen. a real chasm is starting to emerge between views on the yen. we are at data and it's telling us analysts haven't been more divided since 2016. some are thinking we will see the yen hitting a 30 year low. everyone else seeing a recovery back to on 40 by the end of the first quarter and potentially heading into 130 levels as well. i'm the thing potentially china domestic activity indicators dated update. potentially some signs that signs of policy easing are starting to gain traction for this economic recovery. bloomberg economics expects if you look at the numbers, we will see more resilience. retail sales is looking to accelerate more. fixed asset investment could get a boost because we saw the bump up in bond issuance and that tends to flatten -- flatter more spending. in
new zealand we are seeing downside when it comes to the equity session. bigger losses when it comes to the kiwi dollar. they are leading declines in the g10 space after inflation numbers in the third quarter given more deflationary than expected. it comes to fx, we are watching the yen. a real chasm is starting to emerge between views on the yen. we are at data and it's telling us analysts haven't been more divided since 2016. some are thinking we will see the yen hitting a 30 year low....
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Oct 2, 2023
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over in new zealand a little week is, the index off by half of 1% at the moment. macau's casino gaming revenue slowed in september but the sector does expect to get a boost this month from china's golden week holiday, for more let's bring in our intelligence senior analyst angela. is theenue growth slowing purely due rvenue reasons or other other reasons we should be paying attention to here? angela: for the number of september i thnkit is purely resistance becau the two weekends got wastd he first because of a typhoon the second bcase of -- i think the number has been weak just because of that reason. if you check the number, the visitation numbers in the october golden week they are very strong. the tourists coming in yesterday, it was far above the number that came in 2019. for that reason we believe that the macau gaming revenue is keeping pretty strong -- on a strong trend in october this year. shery: what are we seeing in terms of broader sentiment around china's tourism sector given golden week? angela: we feel like this is going to be a super golden week t
over in new zealand a little week is, the index off by half of 1% at the moment. macau's casino gaming revenue slowed in september but the sector does expect to get a boost this month from china's golden week holiday, for more let's bring in our intelligence senior analyst angela. is theenue growth slowing purely due rvenue reasons or other other reasons we should be paying attention to here? angela: for the number of september i thnkit is purely resistance becau the two weekends got wastd he...
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Oct 12, 2023
10/23
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i was reading on this, it started in new zealand and was adopted by the fed in 2012. even if the fed is more flexible, it does not necessarily need to communicate it because the problem with having a target is everyone is expecting you to get there. what if houses come more comfortable with higher levels of inflation? we could be getting there, not quite in the market. guy: blame the kiwis. alix: i was just about to say that. if we live with 3%, does that throw off financial stability? simon: it is interesting. i think the debate is going to get more discussed, whether the fed is already implicitly raised its inflation target to three or whether it exquisitely does. if it explicitly did it, that is it interest game because once you have raised your target once, what stops you from doing it again. the market could be gaming the fed. implicitly, it makes sense. they have not even been tested yet. inflation has gone up, growth has slowed a little bit. powell has not had his moment where he has had to tighten rates in an extremely slowing economy. i don't think they have
i was reading on this, it started in new zealand and was adopted by the fed in 2012. even if the fed is more flexible, it does not necessarily need to communicate it because the problem with having a target is everyone is expecting you to get there. what if houses come more comfortable with higher levels of inflation? we could be getting there, not quite in the market. guy: blame the kiwis. alix: i was just about to say that. if we live with 3%, does that throw off financial stability? simon:...
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Oct 5, 2023
10/23
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the first match, world number five england, take on new zealand, who are currently rxt. i know you're going to watch on. rishaad: definitely. this, at least in this part of eworld, it's a decent time, 2:00 p.m., 430 p.m. in singapore and hong kong. at least it's not the middle of the night. we discuss the significance of this event and what we can expect. so it is huge. it's also a boon for advertisers. but it comes at a price. menaka: all that and more. i sort of grouped it into five things to watch out for. this cricket world cup, men's world cup, if i can call it that, because nowadays the women's world cup is also a great watch. like you pointed out, the action starts today. we have got 48 days of games, 10 teams, 10 venues. if you don't have a ticket to watch it live in person, you can watch it on the official broadcaster, disney* that is one thing. number two is the money. the cricket world cup is not as monetized an event as the fifa world cup or the super bowl in the u.s., but it dete draws more eyeballs because of the numf ns in the sutinnt. therefore, advertisi
the first match, world number five england, take on new zealand, who are currently rxt. i know you're going to watch on. rishaad: definitely. this, at least in this part of eworld, it's a decent time, 2:00 p.m., 430 p.m. in singapore and hong kong. at least it's not the middle of the night. we discuss the significance of this event and what we can expect. so it is huge. it's also a boon for advertisers. but it comes at a price. menaka: all that and more. i sort of grouped it into five things to...
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Oct 19, 2023
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we are also seeing new zealand already trading lower by just about 1%. the aussie dollar sitting software. we have primates today on top of bearish needs when it comes to the property sector, home prices continuing to fall, the correlation driving the aussie dollar. not many good reasons to be buying at the moment, it seems, after we did have a pretty strong couple of sessions on rallying for the aussie earlier this week on the back of labor market numbers. this is what the union is doing we continue to see division for expectations on that outlook. they yen looking to potentially find support as the boj looks to tackle these high yields. shery: i mean, we have seen the 10 year yield gaining ground for a fourth session, approaching the 5%, which would be a 2007 hi . two year rates falling. we have now a sort of reaction to chair powell suggesting the fed is inclined to hold rates steady again. at the same time, noting that policy is not necessarily too tight. so we saw u.s. stocks under pressure again. almost every sector in the s&p 500 was in the red. y
we are also seeing new zealand already trading lower by just about 1%. the aussie dollar sitting software. we have primates today on top of bearish needs when it comes to the property sector, home prices continuing to fall, the correlation driving the aussie dollar. not many good reasons to be buying at the moment, it seems, after we did have a pretty strong couple of sessions on rallying for the aussie earlier this week on the back of labor market numbers. this is what the union is doing we...
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Oct 6, 2023
10/23
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new zealand england. rishaad: i was watching it and it was not very nice. yvonne: you don't want to dwell on it. rishaad: they were empty stands and people were shocked about it too. what we had was empty stands and quite often you find the stands are empty at the start and then fill up. they did not fill up. yvonne: it was also hot. rishaad: 34 degrees celsius and 90 degrees fahrenheit. yvonne: the indian economy wins. they may actually end up in the ultimate victor here given the boost and lift it could have on growth. let's bring in our economy reporter in mumbai. telus what sort of beneficiaries are we likely to see and where will it lay out in this economy, the cricket boost? >> india's economy is expected to get a boost of $2.6 billion because of the cricket world cup. the revenue may come from hotels and increase revenue and tax collection on hotels and tourism as well as sponsorships that will play big part in creating revenue. that is an estimate. rishaad: please carry on. anup: it is the estimate by the bank of baroda research that the economy wil
new zealand england. rishaad: i was watching it and it was not very nice. yvonne: you don't want to dwell on it. rishaad: they were empty stands and people were shocked about it too. what we had was empty stands and quite often you find the stands are empty at the start and then fill up. they did not fill up. yvonne: it was also hot. rishaad: 34 degrees celsius and 90 degrees fahrenheit. yvonne: the indian economy wins. they may actually end up in the ultimate victor here given the boost and...
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Oct 22, 2023
10/23
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new zealand is shut, so we are not any indicators -- we are not getting any indicators of that this morning. shery: this company has said it will work with chinese authorities on unspecified probes, after reports that local officials are looking into foxconn's subsidiaries in the country. we will have more details, next. this is bloomberg. ♪ shery: the world's biggest maker of apple iphones is under investigation in china. taiwan's hon hai precision, also known as foxconn, says it will collaborate with chinese authorities on the unspecified probes. for the test, let's bring in chief north asia correspondent stephen engle in hong kong. we know what is behind these investigations? stephen: it's interesting because there's lots of speculation that perhaps it is tied to the founder, terry guo's run for president. what we do know at least is from unidentified sources being reported by state media, global times. they say that essentially, foxconn, which has the big iphone city. john cho, in hunan province, they are being investigated by tax authorities for subsidiaries in guangdong, plus being
new zealand is shut, so we are not any indicators -- we are not getting any indicators of that this morning. shery: this company has said it will work with chinese authorities on unspecified probes, after reports that local officials are looking into foxconn's subsidiaries in the country. we will have more details, next. this is bloomberg. ♪ shery: the world's biggest maker of apple iphones is under investigation in china. taiwan's hon hai precision, also known as foxconn, says it will...
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Oct 11, 2023
10/23
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-australia-new zealand conference. this is bloomberg. ♪ it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. >> when congress returns, we are going to ask them to take urgent action to our critical partners. we have enhanced our forced posture in the region to strengthen our deterrence and we stand ready to move additional assets as needed. >> president biden speaking at the white house to provide israel with full support. wyden says it to israel will include ammunition and settlers to work clannish -- missiles to replenish the iron dome. secretary blinken is traveling to israel in a show support. the u.s. is encouraging cover to facilitate talks with hamas about the return of american hostages seized during the attacks. the combined death toll approaches 2000. let's discuss the geopolitical landscape. previously, he served
-australia-new zealand conference. this is bloomberg. ♪ it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. >> when congress returns, we are going to ask them to take urgent action to our critical partners. we have enhanced our forced posture in the region to strengthen our deterrence and we...
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Oct 23, 2023
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for now, i am not inspired to buy the aussie except maybe a relative play versus the new zealand dollar where there is divergence in the central bank outlook. rishaad: is the u.s. -- they can't afford the dollar where does and with yields where they are. if they see the dollar perhaps devalued, they can then find themselves in a position where that creates inflation and we remember what happened in the late 70's and how that was the genesis of what happened in the early 1980's and then skyrocketing price rises that we saw that paul volcker had to correct. john: it is a difficult situation in the u.s. with the economy cratering. we have the fantastic q3 gdp number coming out but these long and lagging effects of higher rates eventually had to. the curious thing here and you have a refinancing cycle. there's a heck of a lot of debt refinance and the glory days of zero interest rates in 2020 and 2021. if you are refinanced and you have a low payment and perhaps you have a pay raise, the relative price of your home payment is going down with the corporate debt and other things on the faster
for now, i am not inspired to buy the aussie except maybe a relative play versus the new zealand dollar where there is divergence in the central bank outlook. rishaad: is the u.s. -- they can't afford the dollar where does and with yields where they are. if they see the dollar perhaps devalued, they can then find themselves in a position where that creates inflation and we remember what happened in the late 70's and how that was the genesis of what happened in the early 1980's and then...
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Oct 23, 2023
10/23
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we've got new zealand in slightly negative territory after returning from a public holiday on monday. the market opens coming up in tokyo next. stay with us. this is bloomberg. ♪ nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. ♪ >> this is the asian open. after a mixed picture here in new york. traders seeking haven in bond bearer. and some say that has gone too far, paul. paul: we saw the 10-year briefly breaking 5% before easing back again. that's something to closely watch when we get underway in japan. and bill eckman saying that yeah, it's too much risk in the world to be short on bonds. shery: some interesting views coming up in the prior session. but japan and south korea. it was that renewed volatility that was the hallmark of that recession and that retreat. a 10-year yield that had touched the 5% mark. they were going in t
we've got new zealand in slightly negative territory after returning from a public holiday on monday. the market opens coming up in tokyo next. stay with us. this is bloomberg. ♪ nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. ♪ >> this...
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Oct 22, 2023
10/23
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we have markets on holiday including hong kong, new zealand and thailand. a mixed future, u.s. futures rebounding from the worst week in a month for the s&p where it breached the key 200 day moving average signaling downside pressure for u.s. stocks did nasdaq 100 futures are pointing higher while we have asian futures under pressure with the asx 200 down 7/10 of 1%. we could see it fall at the open as we have make a futures pointing down 3/10 of 1%. but were keeping our eyes on the japanese yen holding closely to the 150 level which it actually touched in early trading. a level we are watching for potential intervention from authorities. paul: that's right. it did ruefully break through 150 level and a story of dollar strength. we've seen the dollar spot index grinding higher for the past month off the back of the conflict in the middle east as well. taking a look at the aussie dollar showing strength relatively speaking, 63 93 against the greenback. the offshore yuan 72. market opens in tokyo next. this is bloomberg. . ♪ >> this is daybreak asia we are counting down to majo
we have markets on holiday including hong kong, new zealand and thailand. a mixed future, u.s. futures rebounding from the worst week in a month for the s&p where it breached the key 200 day moving average signaling downside pressure for u.s. stocks did nasdaq 100 futures are pointing higher while we have asian futures under pressure with the asx 200 down 7/10 of 1%. we could see it fall at the open as we have make a futures pointing down 3/10 of 1%. but were keeping our eyes on the...
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Oct 30, 2023
10/23
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australia and new zealand are two of them. the asx 200 up 0.2% in trade so far as we see investors starting to have more -- less anxiety really feeding through around developments in the middle east. that's playing into the trading we have seen so far. the question is how long that will last. one of the factors is why we can expect further volatility in the weeks ahead and months until the end of the year, really comes down to the changing expectations around earnings. estimates for the fourth quarter are already being revised lower. what is leading that, health care that is being very much under pressure tied to growth expectations. material stocks as well. these have really been as i said the earnings expectations, they are dropping for the sectors. most actually negative territory that we do see, some still clinging to gains. i.t. is notable. and energy in focus. >> we will stay with energy. thank you for that. energy markets on tenterhooks. let's cross to singapore and the head of aipac research. we had the world bank thro
australia and new zealand are two of them. the asx 200 up 0.2% in trade so far as we see investors starting to have more -- less anxiety really feeding through around developments in the middle east. that's playing into the trading we have seen so far. the question is how long that will last. one of the factors is why we can expect further volatility in the weeks ahead and months until the end of the year, really comes down to the changing expectations around earnings. estimates for the fourth...
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Oct 19, 2023
10/23
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this is a picture and it comes to yields as we see them trading across australia and new zealand. we saw big moves in u.s. treasury's continuing to add quite a bit of downside when it comes to sentiment in this part of the world as well. treasuries just continuing to push with that unrelenting search. -- surge. currency wise, we are seeing further weakness, the aussie dollar down by you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? have we piqued your interest? you can get two unlimited lines for just $30 each a month. there are no term contracts or line activation fees. and you can bring your own device. oh, and all on the most reliable 5g mobile network nationwide. wireless that works for you. it's not just possible. haidi: we have breaking news out of japan. the national cpi numbers, 3% growth for the month of september, cumin in line with estimates and easing from the previous month. when it comes
this is a picture and it comes to yields as we see them trading across australia and new zealand. we saw big moves in u.s. treasury's continuing to add quite a bit of downside when it comes to sentiment in this part of the world as well. treasuries just continuing to push with that unrelenting search. -- surge. currency wise, we are seeing further weakness, the aussie dollar down by you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's...
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Oct 9, 2023
10/23
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and australia and new zealand already into the session. next we will be watching chipmakers today given we have good news when it comes to samsung, scoring a big win. the biden administration will allow the -- allow the chipmakers to expand their operations in china. let's bring in more details with technology -- our technology editor. one of the positive implications for this -- what are the positive implications for samsung? >> the decision lifts a huge weight that has been hanging over semiconductor companies since the washington -- washington unveiled its restrictions. they had been given a one-year reprieve. this prevented them from importing u.s. equipments into the factories in china. that really goes long-term, and they really can't make long-term plans on a one-year reprieve. this is a huge positive and resolves the one uncertainty that was really weighing on hynek's and samsung for the past year. >> but the tensions between washington and beijing continue. what are the risks ahead? >> the uncertainty has always been weighing on s
and australia and new zealand already into the session. next we will be watching chipmakers today given we have good news when it comes to samsung, scoring a big win. the biden administration will allow the -- allow the chipmakers to expand their operations in china. let's bring in more details with technology -- our technology editor. one of the positive implications for this -- what are the positive implications for samsung? >> the decision lifts a huge weight that has been hanging over...
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Oct 6, 2023
10/23
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they are lagging other central banks in the region including the reserve bank of new zealand. they will need clear signs that there's a reflation price -- process in the making in order to deliver the last 25 basis point rate hike. what we are observing at this point is upside risks in the months ahead. shery: downside risk coming from china. how do central banks balance these uncertainties as we enter the last leg of the cycle? >> i would say the downside risk from china is less clear. we are likely going to see that with the september data next week. what we won't see is a resurgence in chinese demand, further fueling pressures on the oil price. it's mostly a supply narrative for the time being. what will be more key than the strength of the recovery in china is whether or not the u.s. taps into its strategic reserves of oil, whether that's enough to offset some of the supply cuts from opec. i think that's where we are going to head in the months ahead. personally, the recent pullback in oil places is mostly a technical correction. we should continue to see pressures with oi
they are lagging other central banks in the region including the reserve bank of new zealand. they will need clear signs that there's a reflation price -- process in the making in order to deliver the last 25 basis point rate hike. what we are observing at this point is upside risks in the months ahead. shery: downside risk coming from china. how do central banks balance these uncertainties as we enter the last leg of the cycle? >> i would say the downside risk from china is less clear....
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Oct 18, 2023
10/23
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new zealand party to the downside come at the reaction to the geopolitical story. the other factor as well is what is going on with earnings and we will go through the numbers but it will be the question for investors today, do they put get more of the green shoots that came through particularly for netflix versus what we see in the middle east? and that is really the risk that this conflict or war continues to widen. shery: let's get into those earnings because were seeing a different picture when it comes to tesla and netflix after hours. netflix best subscriber growth in years and is raising prices for customers in the u.s. , u.k. and france and you can see the stock price gaining now more than 12%. tesla profit and revenue missing estimates but sticking with their full year production forecast and promising the new cyber truck by november 30, so we are seeing those losses at around 4%, but take a look at the broader market, u.s. futures looking like this after a very tough day for the s&p 500, where we saw the worst day in over two weeks. of course we continue
new zealand party to the downside come at the reaction to the geopolitical story. the other factor as well is what is going on with earnings and we will go through the numbers but it will be the question for investors today, do they put get more of the green shoots that came through particularly for netflix versus what we see in the middle east? and that is really the risk that this conflict or war continues to widen. shery: let's get into those earnings because were seeing a different picture...
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Oct 9, 2023
10/23
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jason wong of the bank of new zealand talks about how there is a reasonable chance that the dollar value could fizzle out given the scope on it. >> thank you for that. reporting for us in singapore. a quick look at chinese markets as we have 3.5 minutes of trade left, and there we go, we see a negative mood, partly down due to global week holidays, not quite meeting expectations. a lot better than last year, above pre-covid levels. they ago, in th loving this pay bump in our allowance. wonder where mom and dad got the extra money? maybe they won the lottery? maybe they inherited a fortune? maybe buried treasure? maybe it fell off a truck? maybe they switched to xfinity mobile on the most reliable 5g network. for a limited time, buy one line of unlimited, get one free for a year. now i can buy that electric scooter! i'm starting a private-equity fund that specializes in midcap. you do you. switch to xfinity mobile today. (announcer) enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinic
jason wong of the bank of new zealand talks about how there is a reasonable chance that the dollar value could fizzle out given the scope on it. >> thank you for that. reporting for us in singapore. a quick look at chinese markets as we have 3.5 minutes of trade left, and there we go, we see a negative mood, partly down due to global week holidays, not quite meeting expectations. a lot better than last year, above pre-covid levels. they ago, in th loving this pay bump in our allowance....
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Oct 26, 2023
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if you look at the dollar against the sterling, new zealand dollars, the dollar is gaining, remains resilient because of that macro backdrop, which is very different and supportive than elsewhere. but there are specific factors that are remaining on the front foot. we continue to see weakness in terms of those flash pmi's. german manufacturing near a depression scenario. there are plenty of domestic headwinds which are dragging on the euro valuation. at the same time, looking at the yen, you are also seeing that differential when it comes to the monetary policy standpoint playing out. continued gains in dollar-yen raise the specter of potential -- katie: extend the conversation to what we will be hearing from the european central bank. when you think about those domestic headwinds, desire for the ecb to stay on hold, to keep rates high, how long can they stay on hold before they eventually have to cut? jeremy: the language in the statement will reference being sufficiently long in duration. i think that probably takes us into the middle of next year. i think the ecb's forecast in december wil
if you look at the dollar against the sterling, new zealand dollars, the dollar is gaining, remains resilient because of that macro backdrop, which is very different and supportive than elsewhere. but there are specific factors that are remaining on the front foot. we continue to see weakness in terms of those flash pmi's. german manufacturing near a depression scenario. there are plenty of domestic headwinds which are dragging on the euro valuation. at the same time, looking at the yen, you...