The culmination of a fouryear saga. We are live in riyadh. Manus a warm welcome by where we are expecting nejra to cross to react riyadh. It could be the narrative the changes the global perspective. Billion. Ised 25. 6 what they make trillion dollars today . Way, the day alibaba ipo, they racked up 38 . We are all lined up to support the kuwaiti and i would be Sovereign Wealth Fund and there is an army of institutions in saudi arabia. They are mitigate the risk and wanted to go well. It to doting want well. Nejra the saudis are doing everything they can. And in the u. K. , the focus is all on tomorrows election and people erp poll has made the risk of a Hung Parliament alive for markets. Manus its amazing how we have pivoted so quickly. Ipos, have amco look at oil. Peter navarro,om no indication of december tariffs. Are we ready for that risk . Thats the question you have to ask yourself. Dollaryen, is it really a safety valve . Look at dollaryen. Fx pain index is back to zero looking
Start on black friday, despite shoppers already splashing out on deals with online u. S. Holiday spending expected to top 140 billion and a Software Deal with japans top supermarket operator, putting shares on cost for their best day since may 2018 well, good morning, everybody. Welcome to street signs. Wall street was closed yesterday for thanksgiving, but asia was negative overnight we had the hang seng drop 2 , the weakest drop in three weeks. That spelled out the tone for europe you see behind me, there is a lot of red on the board. Again, a lot of concern building about the possibility of phase one trade talks breaking down. This after President Trump signed into legislation a law that supports the hong kong protesters, there has been somewhat of a point of contention between the two sides over the last 24 hours or so one of the reasons why we have seen declines in asian equities and as were seeing now, stoxx 600 trading down the open was weaker. We recovered some ground in the la
Thursday, the hong kong democracy drama takes a new turn. Backing the protesters. Retaliate,tened to if he did. The yuan also fell. Boris johnsont conservatives will win a healthy victory. A quick shery a quick check of the market. Japanese yen the strengthening. Still at that 109 level. This is after six sessions of weakness. The longest losing streak since 2018. We are seeing some of that Risk Appetite reading with u. S. Features also losing ground. How the kospi trading is down half a percent. The korean won has been weakening against the u. S. Dollar, and we continue to see so we do have the bank of korea policy decision on friday. I have to say that the aussie dollar is under pressure. Keenly stocks are up and rising for a fifth consecutive session. Lets get the first word news with su keenan. Strengthened as a poll suggested the conservative party might win a majority in the next election. Boris johnson is morning that aere could be there is real chance of no overall victory and
Their highest levels over the past year. Scarlet mark had a lastminute first. About 1. 9 . No clear reason on why it got this pop at the end of trading but we will continue to look into it. Lets look at what our reporters are monitoring. Abigail i was watching those record highs and the very small gains. The reason we are doing it again today is to see how it is working. Seriesed we would see a of alltime highs back in october. The rally this year and then in the spring and summer, a battle between the bulls and the bears making it more constructive. Buyers were the getting more conviction, more confidence. Old we are above those record highs. , the rfi, a slight lower high. The rsi go8, we saw as high as 86. If it rise to above 74, it would support what this chart suggests. Also seeing small moves higher today are small caps. The russell 2000 at one point point half a percentage but we did see it trickle lower through the day. For smallweek high caps. This comes after a day like yeste
Bbc. Co. Uk news, and the news app. Now on bbc news, live to singapore for Asia Business report. The hong kong tests. Investors look to todays election result and tomorrows alibaba listing for clues on the territory future. The splinter net, the internet fracturing along us china lions. Lines. Good morning, as you. Hello, well. It is a monday. Glad you could join us for another action packed edition of alibaba. Im rico hizon. Lets start off with hong kong, because of huge week is starting for the city both politically and in the financial markets. This is the territorys Pro Democracy Movement has made huge gains in District Council elections, a major challenge to the embattled chief executive, carrie lam. The latest, lets cross over to hong kong and i am joined by my colleague, sharanjit leyl. Sharanjit, the hong kong stock market has opened for business. What sort of reaction are we seeing . Thats right, the hang seng is open and it is rising this morning. It was up i at the opening b