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Apr 17, 2024
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new zealand's inflation slows but price pressures persist. we hear from the prime minister who is touting physical restraint terrain and prices. -- to rein in prices. >> get inflation below 3% again. we have a single-minded focus on doing that. haslinda: we meet the man helping indian billionaire -- build a media empire that could dominate the $28 billion industry in india. after five days of losses, asia looking pretty flat. still set to a race all gains for the year. traders recalibrating expectations after powell set higher for longer, given three sets of hotter than expected eco-data. msci asia index trying to be in the positive but not really. the dollar index, 1264. yields surging in asia. new highs for 2024. tuesday fives, tens. the move index expected treasury volatility at the highest level this year. it's about the strong dollar story. it's taking a breather today. a relief for asian currencies. ust remains elevated. you on fix steady but it has room to head lower. paso falling past 57. that's the lowest level since november 2022. w
new zealand's inflation slows but price pressures persist. we hear from the prime minister who is touting physical restraint terrain and prices. -- to rein in prices. >> get inflation below 3% again. we have a single-minded focus on doing that. haslinda: we meet the man helping indian billionaire -- build a media empire that could dominate the $28 billion industry in india. after five days of losses, asia looking pretty flat. still set to a race all gains for the year. traders...
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Apr 16, 2024
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>> new zealand, we are very focused as a government. we have a budget coming up at the end of the -- of may to make sure we are generating good financial discipline and a good culture of financial discipline. we will not repeat everything that happened in the previous six years but we are very determined to have a very consistent approach to managing our finances and getting our fiscal books in order so we have got a major exercise with respect to our government spending, making sure we are getting rid of wasteful spending. we think that is the way to support certainly lowering inflation, domestic inflation, which gets the economic growth happening as well. we also think it is important that we are able to offer tax relief as well after 14 years of not having any tax relief and that is an important thing as well. >> you talked about wanting to boost growth yet you are considering cutting spending at the upcoming budget. how does that help to revive growth? how does that help the economy? >> we have had an 84% increase in government spen
>> new zealand, we are very focused as a government. we have a budget coming up at the end of the -- of may to make sure we are generating good financial discipline and a good culture of financial discipline. we will not repeat everything that happened in the previous six years but we are very determined to have a very consistent approach to managing our finances and getting our fiscal books in order so we have got a major exercise with respect to our government spending, making sure we...
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Apr 9, 2024
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haidi: new zealand central bankers set to hold the key rate as the institute of economic research finds business confidences slumping. as japan's prime minister prepares for his summit with president biden, we talked trade and security with the u.s. ambassador rahm emanuel. we are in our away from asian markets opening across the region. take a look at our futures the session. some mild upside when it comes to sydney futures, 3/10 of 1%. mostly skewing higher. following the s&p 500 rebound to eventually cause little change. mixed signaling's going into the session figured kiwi stocks down tense of 1%. the rbnz decision. some of these indicators looking more negative. but there's really just a focus on whether some of that guidance towards the inclination, possibly a pivot towards easing might be move forward in terms of timing. you want to take a look at some of these rbnz related trades. seeing that trading pair now coming near fair value. they are not confident that the rbnz will be able to meet the more dovish pricing we are seeing across markets. chicago nikkei futures are looking u
haidi: new zealand central bankers set to hold the key rate as the institute of economic research finds business confidences slumping. as japan's prime minister prepares for his summit with president biden, we talked trade and security with the u.s. ambassador rahm emanuel. we are in our away from asian markets opening across the region. take a look at our futures the session. some mild upside when it comes to sydney futures, 3/10 of 1%. mostly skewing higher. following the s&p 500 rebound...
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Apr 7, 2024
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new zealand is in a recession, not doing anything. india with declining inflation not doing anything. you get the sense that they're waiting for the central bank. haidi: rbnz was at the forefront of the cycle, so there is extra attention being paid. idiosyncrasies with the australian economy extends to new zealand. different picture when you look at the other economies, japan and china. not expecting massive policy shift as we get improvement in indicators, credit numbers and producer price inflation this week. on japan the expectation is they will take longer to get to the point where there is momentum. paul: currency is a big part of the story. you get the sense maybe japan has bought breathing room. not a great deal of movement in the yen, around 150. interesting week to see if we get intervention. we've got alicia her era, chief aipac economist. we were discussing central-bank action and everyone is sitting on their hands. to what degree do domestic issues take a backseat? alicia: not enough to cut before the fed is the situation
new zealand is in a recession, not doing anything. india with declining inflation not doing anything. you get the sense that they're waiting for the central bank. haidi: rbnz was at the forefront of the cycle, so there is extra attention being paid. idiosyncrasies with the australian economy extends to new zealand. different picture when you look at the other economies, japan and china. not expecting massive policy shift as we get improvement in indicators, credit numbers and producer price...
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Apr 17, 2024
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annabelle: that was the new zealand prime minister there. haidi: you can watch us live and catch up on past interviews at tv . you can also dive into any of the securities on the bloomberg functions we talk about and become part of the conversation. you can send us instant messages during our shows. this is for bloomberg subscribers only. check it out at tv . this is bloomberg. ♪ >> we should, bearing major surprises, decide the first rate cut on our next meeting on june 6. i would then argue furthermore in favor of a policy of pragmatic. there will have to be further cuts this year and next. haidi: ecb councilmember on the central bank's rate out cut. take a look at how european futures are opening. some reaction across the asian session when it comes to repricing over fed chair jay powell's comments about rates being held. we saw european stocks sinking for the worst day since july. we are seeing potentially a recovery in sentiment. futures looking mildly positive. the biggest one-day decline for the europe 600 index since july w
annabelle: that was the new zealand prime minister there. haidi: you can watch us live and catch up on past interviews at tv . you can also dive into any of the securities on the bloomberg functions we talk about and become part of the conversation. you can send us instant messages during our shows. this is for bloomberg subscribers only. check it out at tv . this is bloomberg. ♪ >> we should, bearing major surprises, decide the first rate cut on our next meeting on june 6. i would then...
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Apr 14, 2024
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we have seen downside and domestic factors in new zealand. biggest contraction in two years and we are expecting cpi numbers to paint a broad picture around recessionary conditions for the kiwi economy. singapore futures to the downside in the yen holding firmly despite haven demand for other classic assets. u.s. futures seeing four times of a percent as we head into a big week for earnings. when it comes to big banks, all due to report this week after income missed analysts including j.p. morgan. citigroup's profit was better-than-expected. let's bring our finance editor. j.p. morgan, what is that set expectations for? >> it was an excuse to take money off the table. softness had been the expectation, that things would have to soften. he saw that in the share price decline but it does not mean expectations drop off. if you look at the way the u.s. economy is developing, it is fitting with the way things are progressing. one key outcome is rates staying higher for longer than you might have thought. over at citigroup, slightly different story
we have seen downside and domestic factors in new zealand. biggest contraction in two years and we are expecting cpi numbers to paint a broad picture around recessionary conditions for the kiwi economy. singapore futures to the downside in the yen holding firmly despite haven demand for other classic assets. u.s. futures seeing four times of a percent as we head into a big week for earnings. when it comes to big banks, all due to report this week after income missed analysts including j.p....
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Apr 25, 2024
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we are washing for the open in new zealand and australia. australia watching iron or producers in the next hour. let's take a look at the commodity. the singapore contract has been hovering at a seven week high and this is largely to do with the improvement and sentiment on the chinese economy especially on the gdp. despite the recovery in the month of april, it is still about 13% down from the start of the year but it is a recovery nonetheless. paul: still to come, stay tuned interview with the airbus ceo and efforts to ramp up production as rival going battles a crisis of confidence. this is bloomberg. ♪ or filing returns. avalarahhh ahhh starting a business is never easy, but starting it eight months pregnant.. that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on
we are washing for the open in new zealand and australia. australia watching iron or producers in the next hour. let's take a look at the commodity. the singapore contract has been hovering at a seven week high and this is largely to do with the improvement and sentiment on the chinese economy especially on the gdp. despite the recovery in the month of april, it is still about 13% down from the start of the year but it is a recovery nonetheless. paul: still to come, stay tuned interview with...
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Apr 4, 2024
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new zealand losing ground. we did have some hawkish remarks out of the fed. haidi: perhaps confusing in terms of consistent messaging. the minneapolis fed talking about the idea of the possibility of no rate cuts at all this year and we heard from loretta mester of cleveland saying perhaps the fed was getting close to the confidence point of being able to ease. let's take a listen. >> i would not say they are off the table but they are not a likely scenario given what we know now. if we continue to see strong growth, if we see strong consumer spending and strong gdp growth, that raises a question in my mind, why would we cut rates? >> i still think if you take a longer arc, inflation is coming down and we are going to get to 2%. >> we are not where we need to be. inflation is still too high particularly for the asset limited communities. and income constrained. if you think of food, shelter, transportation costs, still too high. it is coming down. it is coming down in a way where it is still creating jobs in america. haidi: let's bring in the head of research
new zealand losing ground. we did have some hawkish remarks out of the fed. haidi: perhaps confusing in terms of consistent messaging. the minneapolis fed talking about the idea of the possibility of no rate cuts at all this year and we heard from loretta mester of cleveland saying perhaps the fed was getting close to the confidence point of being able to ease. let's take a listen. >> i would not say they are off the table but they are not a likely scenario given what we know now. if we...
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Apr 24, 2024
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still to come, we don't have any market trading in australia or new zealand today, we are closed for a public holiday. but we are going to talk more about that ai wave. we just got numbers from sk hynix and a very solid set of numbers they were. a beat on pretty much every front. we are going to get analysis on those numbers in just a moment. tom kang is going to be joining us. stay with us for that conversation. this is bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. paul: sk hynix, as we ha
still to come, we don't have any market trading in australia or new zealand today, we are closed for a public holiday. but we are going to talk more about that ai wave. we just got numbers from sk hynix and a very solid set of numbers they were. a beat on pretty much every front. we are going to get analysis on those numbers in just a moment. tom kang is going to be joining us. stay with us for that conversation. this is bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's...
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Apr 10, 2024
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elsewhere in new zealand they had a hawkish hole today, concerns around the inflation picture but also looking potentially for more sustained restrictive policy. you are seeing the kiwi slightly higher and also the taiwan dollar there. >> we thank you. the markets are closed in singapore and south korea, plenty happening nonetheless. let's get back to the u.s. macro story. rafael bostic said he is opening to change in his view on cuts if the economic picture changes. this is ahead of the u.s. inflation reading. joel joined us now. what sort cpi print could move the market back toward the fed cut? >> what you really want to see is more about moderation and some of those core services prices. you want to see something that is more of a diss inflationary trend here. you're looking at the court cpi gauge. a lot of the hotness around those numbers is attributed to more seasonal factors. i think that when you are combining in any case -- what we have already seen added this really resilient labor market -- it is really about how much progress we can make to get the fed back in line with the
elsewhere in new zealand they had a hawkish hole today, concerns around the inflation picture but also looking potentially for more sustained restrictive policy. you are seeing the kiwi slightly higher and also the taiwan dollar there. >> we thank you. the markets are closed in singapore and south korea, plenty happening nonetheless. let's get back to the u.s. macro story. rafael bostic said he is opening to change in his view on cuts if the economic picture changes. this is ahead of the...
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Apr 23, 2024
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gold etf could suffer, new zealand in positive territory. interesting day. numbers out of australia are critically, those numbers are using down from 4.1, big improvement outside the target band. bank of indonesia decision, consensus is a hold. we gave futures saw positive territory. bank of japan will focus on weakening the yen. were at 144 .77 and keeping our eyes on tesla suppliers. stocks surging following the call. annabelle: that's right. the company has slumped, but u.s. futures looking toward future gains but the story is focused on earnings. what else we were tracking was optimism and a bullish forecast. some of those are coming from goldman sachs. company that closed at a record high, first record highs since 2021, first quarter earnings came through including a process -- profit beat. apple posting gains which was surprising. china iphone sales dropping 20% according to research. china losing advantage in the market. paul: big focus on texas instruments, but the big move for tesla, an earnings report traders wanted. paul: let's get more and bring
gold etf could suffer, new zealand in positive territory. interesting day. numbers out of australia are critically, those numbers are using down from 4.1, big improvement outside the target band. bank of indonesia decision, consensus is a hold. we gave futures saw positive territory. bank of japan will focus on weakening the yen. were at 144 .77 and keeping our eyes on tesla suppliers. stocks surging following the call. annabelle: that's right. the company has slumped, but u.s. futures looking...
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Apr 15, 2024
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we are seeing bonds in australia and new zealand and the catch of the catheter treasuries as well following those moves over the weekend. you can catch up live and see some of those past interviews in our interactive tv function on tv . you can also dive into securities with the bloomberg functions. you can send us instant messages during the show. that is at tv . is bloomberg. ♪ given its very much in the eye of u.s. regulators. it does question whether we see u.s. regulators approving it. it is really mired in their political firestorm. let's shift to another group of stocks. 10% in the first quarter of the year. let's bring in debbie wu. we have a weakness for apple in particular. still, globally, we saw a bit of numbers for all smartphones in general. should apple suppliers out to be concerned in this point in time. >> that is a very good question. we are seeing apple smartphones after the high-end by default last year. we saw the tim cook made extra efforts to visit china at least twice over the last six months. you can see that apple is paying extra attention to china. the m
we are seeing bonds in australia and new zealand and the catch of the catheter treasuries as well following those moves over the weekend. you can catch up live and see some of those past interviews in our interactive tv function on tv . you can also dive into securities with the bloomberg functions. you can send us instant messages during the show. that is at tv . is bloomberg. ♪ given its very much in the eye of u.s. regulators. it does question whether we see u.s. regulators approving it....
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Apr 3, 2024
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asia yields also moving in tandem with the likes of australia, new zealand, higher yields putting further pressure on stocks. take a look at where we are, at this point in time. we are also keeping an eye on taiwan as well as a chinese markets on the back of that earthquake which we saw in taiwan. the earthquake measuring 7.4 magnitude hitting taiwan, at least 26 buildings have collapsed on the island. tsunami warnings now downgraded along the china and taiwan coast. some steps have been evacuated from reduction lines. the taiex currently down .4%. in terms of the chinese currency, the yuan, that is one currency we are tracking right now. the pboc has kept its fixing very strong. in terms of futures, currently down by .4%. overall, we are keeping an eye on the fed and the data out of the u.s. that is it from bloomberg "markets: asia." daybreak middle east and africa is next. this is bloomberg.us. ♪ not all caitlin clarks are the same. caitlin clark. city planner. just like not all internet providers are the same. don't settle. you want fast. get fast. you want reliable. get reliable. yo
asia yields also moving in tandem with the likes of australia, new zealand, higher yields putting further pressure on stocks. take a look at where we are, at this point in time. we are also keeping an eye on taiwan as well as a chinese markets on the back of that earthquake which we saw in taiwan. the earthquake measuring 7.4 magnitude hitting taiwan, at least 26 buildings have collapsed on the island. tsunami warnings now downgraded along the china and taiwan coast. some steps have been...
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Apr 8, 2024
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bloomberg economics expects the reserve bank of new zealand to keep unchanged as it remains on guardians lingering price pressures. the monetary authority of singapore looks to hold. the philippines, thailand and south korea also excited to keep rates unchanged. in europe, no rate change expected from the ecb, but the hold could be the final one before it starts using monetary policy. aside from central bank decisions, we will get the latest inflation reading out of the u.s., mark cpi print could reveal modest slowdown in the monthly pace of core inflation, which by the way, remains sticky. still ahead this hour, we speak exclusively with the ceo of the national stock exchange of india here at the hbc global investment summit. but first, u.s. treasury secretary janet yellen wrapping up a china visit, after high-profile meetings and a delicate balancing act. details just ahead. this is bloomberg. ♪ >> as the world's two largest economies, we have a duty to our own countries and to the world, to responsibly manage our complex relationship. and to cooperate and show leadership on addressi
bloomberg economics expects the reserve bank of new zealand to keep unchanged as it remains on guardians lingering price pressures. the monetary authority of singapore looks to hold. the philippines, thailand and south korea also excited to keep rates unchanged. in europe, no rate change expected from the ecb, but the hold could be the final one before it starts using monetary policy. aside from central bank decisions, we will get the latest inflation reading out of the u.s., mark cpi print...
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Apr 10, 2024
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david: new zealand central bank is said to hold its key rate next hour. you have upside risks to inflation. an economy in recession.
david: new zealand central bank is said to hold its key rate next hour. you have upside risks to inflation. an economy in recession.
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Apr 8, 2024
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the tier choice, not the nuclear submarine, it is information sharing with countries such as new zealand. we will get more details about this during the summit, but it would expand the tier number two, the lower end, to include japan as a partner in japan is trying to increase its ability to do various things. it is a joint venture for the first time with fighters and italy and the u.k.. this will be part of the information sharing that could help japan make the next step to be more of a player in the international market and the defense industry. paul: all right, east asian government editor john herskovitz. we heard from anthony albanese this morning. he said there is no plan to extend beyond the three countries, but one assumes he is talking about the pillar one part of the pack which includes the sharing of nuclear submarine technology, which would disqualify japan. so they're saying there is no plan to expand beyond the three countries, but that does not rule out japan joining pillar two. plenty more to come on daybreak australia. this is bloomberg. ♪ our award-wining trading plat
the tier choice, not the nuclear submarine, it is information sharing with countries such as new zealand. we will get more details about this during the summit, but it would expand the tier number two, the lower end, to include japan as a partner in japan is trying to increase its ability to do various things. it is a joint venture for the first time with fighters and italy and the u.k.. this will be part of the information sharing that could help japan make the next step to be more of a player...
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Apr 30, 2024
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some downside coming through from new zealand as well with the jobless rate rising to that three year high. employment unexpectedly falling as well. we see the impact of high rates starting to curve demand. that will be welcome news for the rbnz. so much of this has been the risk aversion we saw on the final stretch for april across the u.s. markets. we are looking at options that traders are expecting the biggest fed they move in the s&p since 2023, according to analysis from citi. what we are expecting of course from the fed is it will keep rates steady for a sixth straight meeting or more importantly the signal of no plans for cuts in the future after inflation continues. not just inflation but so much of the data continues to hold up well. paul: higher for longer definitely seems to be the well embedded narrative from the fed that will support the greenback. the dollar spot index rising. a couple interesting currencies on the board. the yen is weakening again, 157.71. we have more evidence the bank of japan probably did conduct intervention on monday. we have got a boj report from
some downside coming through from new zealand as well with the jobless rate rising to that three year high. employment unexpectedly falling as well. we see the impact of high rates starting to curve demand. that will be welcome news for the rbnz. so much of this has been the risk aversion we saw on the final stretch for april across the u.s. markets. we are looking at options that traders are expecting the biggest fed they move in the s&p since 2023, according to analysis from citi. what we...
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Apr 12, 2024
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central bank of new zealand does this external review roughly every five years and reduce -- the reviews lead the central bank to adjust. you try to learn lessons from your experience and other central banks. people do not view this as something you do when something has gone wrong. it should be a regular way to ensure what they are doing is best practice. kriti: it makes sense. i'm curious about where this goes wrong, what are the limitations, could fiscal policy be one at a time when a labor victory may not be included in the boe forecast? where do scenarios stop short? >> you have to recognize the limitations of any forecast based on certain assumptions and they may not holds if the situation changes. that is an unavoidable limitation of any forecast. so as external use, forecasts are either a promise or implying the only possible outcomes are shown in the central forecast scenarios. forecasts are useful for policymakers and useful to communicate monetary policy. there are limitations. kriti: talk about how markets get involved. there have been so many criticisms for inventing the dot
central bank of new zealand does this external review roughly every five years and reduce -- the reviews lead the central bank to adjust. you try to learn lessons from your experience and other central banks. people do not view this as something you do when something has gone wrong. it should be a regular way to ensure what they are doing is best practice. kriti: it makes sense. i'm curious about where this goes wrong, what are the limitations, could fiscal policy be one at a time when a labor...
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Apr 22, 2024
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new zealand showing a better softness, off by 0.25%. but it was a pretty good day for equities in the u.s., we will get to that in a moment. we will have pmi's for japan later. cpi for singapore in the month of march is coming up too. flood of earnings of the u.s., and about. annabelle: that's right, as he said, we saw start heading higher -- we saw u.s. stocks heading here overnight but the sustainability of the rebound is the question. u.s. futures fell flat this morning, little movement across the screen over all, but it is the counter to the key numbers coming up magnificent 7, very much in focus. expectations are extremely high because our bloomberg intelligence team is seeing a 40% jump in earnings growth. where they can deliver on that is the key question, but strategists are very much split on the expectations for numbers. we saw bombs falling, oil as well, sort of slipping a bit higher, but slipping overnight. it seems the geopolitical tensions, middle eastern risks, seem a little bit contained for now. paul, that it certainly
new zealand showing a better softness, off by 0.25%. but it was a pretty good day for equities in the u.s., we will get to that in a moment. we will have pmi's for japan later. cpi for singapore in the month of march is coming up too. flood of earnings of the u.s., and about. annabelle: that's right, as he said, we saw start heading higher -- we saw u.s. stocks heading here overnight but the sustainability of the rebound is the question. u.s. futures fell flat this morning, little movement...
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Apr 11, 2024
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it actually moved down at a slower pace than currencies like the australian dollar and the new zealand dollar. that's because they are risk exposed. it's also because their central banks are not seen as having any capacity to raise rates. they are seen as having the potential to lower rates this year. in that set up, that makes them vulnerable. that brings us to one of the big questions hanging over the currency front. what does the ecb do when it meets today? that's not expected to change policy. what it signals about policy going forward could be key for the next leg up in the u.s. dollar. if lagarde and the board open the door or keep the door open to the expectation that the ecb will cut three times this year and we have the fed may be cutting just once, that should undermine the euro. although it could also cause volatility because there are some who argue that rate cuts are appropriate for europe in a way that they are not appropriate for the u.s.. in fact, rate cuts would stimulate the u.s. economy and be good news for the euro. a very muddled picture. volatility is the one thin
it actually moved down at a slower pace than currencies like the australian dollar and the new zealand dollar. that's because they are risk exposed. it's also because their central banks are not seen as having any capacity to raise rates. they are seen as having the potential to lower rates this year. in that set up, that makes them vulnerable. that brings us to one of the big questions hanging over the currency front. what does the ecb do when it meets today? that's not expected to change...
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Apr 10, 2024
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new zealand already down .5%. australian stocks down .1%. merely reselling we saw on wall street on wednesday. we saw the s&p 500 falling 1%. the nasdaq also seeing weakness. we are really watching in terms of how quickly this passes through. chicago and nikkei futures down by about .4%. that march u.s. core consumer price index stripping out food and energy costs really increasing .4% more than expectations and in fact not just more than excitations but this idea it was more than expectations for the third straight month. are we starting to see that kind of structural sticking ask take hold? looks like a down day here in asia. annabelle: yes. certainly looks like the biases for the fed to be staying on hold post inflation numbers. the real action came through overnight in the bond space. you can see that move higher across the curve led by the front end. more rate sensitive but a jump of more than 20 basis points intraday intercession. you saw the two-year yield hitting 4.97%. the benchmark 10 year note topping 4.5% for the first time since
new zealand already down .5%. australian stocks down .1%. merely reselling we saw on wall street on wednesday. we saw the s&p 500 falling 1%. the nasdaq also seeing weakness. we are really watching in terms of how quickly this passes through. chicago and nikkei futures down by about .4%. that march u.s. core consumer price index stripping out food and energy costs really increasing .4% more than expectations and in fact not just more than excitations but this idea it was more than...
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Apr 3, 2024
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a little weakness in new zealand in the early going. crude prices in focus. we did have -- crude prices rising at the moment. opec didn't make any change to output curves, that was very much as expected. of course middle east tension and ukraine attacks all keeping those oil prices. haidi: let's look at u.s. futures at the moment we had the reaction to what we heard from fed chair powell. futures looking optimistic, in positive territory at the moment when it comes to small growth related names on the nasdaq 100 in futures trading. it was a volatile last hour of trading on wall street. eventually regaining their footing to go higher. paul mentioned gold a little bit when it comes to just above that 2,300 level for gold after we heard from fed chair powell reate rating the rate cut path this year. we also saw silver rising to the highest since 2021. this week's long rally when it comes to precious metals rising to another record. let's take a listen to what what it was that fed fed chair powell had to say when it came to the wait and see approach. >> these rec
a little weakness in new zealand in the early going. crude prices in focus. we did have -- crude prices rising at the moment. opec didn't make any change to output curves, that was very much as expected. of course middle east tension and ukraine attacks all keeping those oil prices. haidi: let's look at u.s. futures at the moment we had the reaction to what we heard from fed chair powell. futures looking optimistic, in positive territory at the moment when it comes to small growth related names...
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Apr 1, 2024
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and looking at new zealand, we're seeing that on the back foot of half a percent and 'nique aye futures are up .10%. we're discussing heavy, heavy pressure when it comes to the downside of the yen but that will provide some of those japan equities, particularly the export oriented or sensitive names to trade quite well and the s&p futures looking softer and the marking poll, clearly dollar yen will be key focus and still under the 152 level as we see is the threshold for potentially real intervention. paul: let's change gears and talk about the global i.p.o. market and saw a shift in geographical composition in the first part of the year. volumes down 7% on year and the latest survey by e.y. include as sharp decline in mainland china and hong kong. joining us to talk about this is george chen, global leader at e.y. thanks for joining us. let's talk about some of the trends you found in your reports. you have global i.p.o. volumes falling but proceeds are rising. can you explain this trend first? george: basically, if we look at the i.p.o. trends for the first quarter in 2024, we need to
and looking at new zealand, we're seeing that on the back foot of half a percent and 'nique aye futures are up .10%. we're discussing heavy, heavy pressure when it comes to the downside of the yen but that will provide some of those japan equities, particularly the export oriented or sensitive names to trade quite well and the s&p futures looking softer and the marking poll, clearly dollar yen will be key focus and still under the 152 level as we see is the threshold for potentially real...
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Apr 11, 2024
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core related moves when it comes to australian, new zealand bonds , hit by that u.s. inflation print. we saw them falling from the open. just tracking the declines in treasuries. we have also seen the aussie dollar and kiwi dollar holding the bulk of that plunge after the greenback saw its best rise in the year. again, being fueled by the fed's repricing narrative. brent crude is still over $90 a barrel. it could be feeding through to the uncertainty of that stickiness in inflation. u.s. intelligence seeing a possible iranian strike or iranian proxy strike on israel, according to the latest intelligence. these concerns have escalated hostilities in the middle east, helping to support crude. take a look at where we are when it comes to u.s. treasuries after the big reaction that we saw a fresh round after a third consecutive month of hotter-than-expected inflation sending yields dr. 2024 hides again. let's kelvin tay for analysis, he is cio at ubs wealth management. what do you expect the fed to do this year? kelvin: we have not changed our estimate for the fed to cut
core related moves when it comes to australian, new zealand bonds , hit by that u.s. inflation print. we saw them falling from the open. just tracking the declines in treasuries. we have also seen the aussie dollar and kiwi dollar holding the bulk of that plunge after the greenback saw its best rise in the year. again, being fueled by the fed's repricing narrative. brent crude is still over $90 a barrel. it could be feeding through to the uncertainty of that stickiness in inflation. u.s....
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Apr 25, 2024
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no trading in australia or new zealand today. avril hong is keeping an eye on things in our singapore studio. plenty to watch today. avril: absolutely. i think for tech stocks, what we got from earnings and their plans, the likes of tesla earlier in the week and now from meta is really throwing a span into the works of these asian equities that negative sentiment coming through, we are seeing the japanese benchmark as well as the kospi both lower in the first 30 minutes of trade. because dax index not doing as badly. concerned about rather -- whether tech can continue propping up a bull run and the broader market, especially as it talk about how they have to spend billions of dollars more for ai investments and its outlook really disappointing here. traders might also be reluctant to put risk-on at a time where we are waiting out today for data coming out from the u.s. including on gdp, consumption, and all of this could go along and shape the way the federal reserve is going to guide monetary policy. of course we have been seein
no trading in australia or new zealand today. avril hong is keeping an eye on things in our singapore studio. plenty to watch today. avril: absolutely. i think for tech stocks, what we got from earnings and their plans, the likes of tesla earlier in the week and now from meta is really throwing a span into the works of these asian equities that negative sentiment coming through, we are seeing the japanese benchmark as well as the kospi both lower in the first 30 minutes of trade. because dax...
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Apr 3, 2024
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taking a look at what we were watching and australia and new zealand. broad downside. in australia, commodity names outperforming. some commodities have been rallying on the expectation that we will be seeing elevated rates for longer. particularly for the fed and potentially for the r.b.i. as well. oil performing for another day. that is being expressed through some of those utility names. some of the few gainers that we see in the sydney session. some data crossing the bluebird as well. march composite pmi coming through at 51.7. services at 54.1. paul: a rising tide lifts all boats. we are seeing the opposite when it comes to tesla related stocks area very disappointing deliveries for the first three months. tesla related names there. the company itself was off by almost 7% at one stage. shares were down, settling lower by 4.9%. it dragged ev stocks lower. now it's dry -- dragging tesla suppliers lower as well. 386,810 deliveries. the market was expecting between 400 and 420,000. even that was a reduced estimate. so tesla massively under suiting expectations there.
taking a look at what we were watching and australia and new zealand. broad downside. in australia, commodity names outperforming. some commodities have been rallying on the expectation that we will be seeing elevated rates for longer. particularly for the fed and potentially for the r.b.i. as well. oil performing for another day. that is being expressed through some of those utility names. some of the few gainers that we see in the sydney session. some data crossing the bluebird as well. march...
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Apr 11, 2024
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new zealand and a few others. that is why it is hard for fixed income to go unhinged. this 450 level is critical. we could go to 475. none the less, capital will come to the u.s. because of higher yields. that will benefit more fixed income than equities. jonathan: george goncalves, thank you. the two year, 496. the 10 year, 455. we have to sit on this longer. there is a reason people have been so constructive risk assets this year. one was this leaf the fed had this space to respond to trucks. the emphasis was going to shift towards potential weakness and away from being worried about strength. i wonder how much that inflation print changes their story. lisa: it seems like the market is saying quite a bit. if you look at the price and the signals, the beginning of a narrative shift. a pretty massive nerd to shift where the bumps in the road is something retractable and people are not just questioning when the fed is good to cut rates but there increasing the rate for their stop at this is a longer-term diversionary story people are starting to grapple with. jonathan:
new zealand and a few others. that is why it is hard for fixed income to go unhinged. this 450 level is critical. we could go to 475. none the less, capital will come to the u.s. because of higher yields. that will benefit more fixed income than equities. jonathan: george goncalves, thank you. the two year, 496. the 10 year, 455. we have to sit on this longer. there is a reason people have been so constructive risk assets this year. one was this leaf the fed had this space to respond to trucks....