Tone of his statements may tell us a lot. Rishaad 8 00 a. M. In the emirates, this is Bloomberg Markets middle east. Markets dive into the and show you the landscape across the asiapacific region. Gmm is the function on your terminal and you can see that the leader on the board today is australia after that surprising retail figure coming up to the upside. Were seeing a rally on the asx 200, with Retail Stocks and macro funds reportedly selling into the rally. But we are seeing the rest of the market with a little bit of a mixed picture, including hong kong and china. And theres down, really is this anticipation ahead of that communist Party Congress in the fall that we arent going to get a lot of policy guidance, so perhaps investors will be staying on the sideline. What are you watching . Yousef there are quite a few other asset classes, the energy has quite a bit of movement. That is taking a bit of a breather, halting gains after the longest winning streak this year stop it is down
Lets do a quick check of the markets. Minutes. Or almost 28 said here,bout the the dollar rallies, that is the only winner today as everyone sells off, including the topix. Here in the middle east, it is just under two hours away from the opening of the emirates market. Lets look a look at what they did yesterday. Dhabi, saudi arabia down a slightly off the back of the fed. Highest u. S. Dollar and potentially lower oil prices. Lets check in on the first word headlines from around the world. Shares in Chinese Tech Company meitu made a trading a 630expected to raise million. They plan to sell 574 million shares at 8. 5 hong kong apiece. s founder and chairman told bloomberg the company has aspirations and social media. Our focus now is to get more exposure and let people know about our brand. A tool forake meitu them, and then a social media app. The yahoo found extended trade after knocking another Security Breach. An unidentified thirdparty stole data from one billion users. Initial i
The has suspended for foreign breaks from trading in a crackdown on buying the currency on a discount bid news comes as discount. And one of the Resource Companies found a commodities slumped this year. Speaking to bloomberg, john mack said that the Growth Engine will drive for rahman two euros Raw Materials in the longterm. Glencore says their rating is key. Is china going to stay with slow growth . What will happen in other is ifng markets, my view you have not been to china recently, go there. It has slowed down. But longterm it is a Growth Engine. And the chairman of China Telecom has quit after being targeted in an official investigation. He stepped down on wednesday. The chief operating officer will take over until a new appointment is made. Over the weekend, the government said that he was being questioned for severe violations of discipline. That is code for corruption. Now we will leave you with a quick check of the markets. We have pretty much unchanged on the last trading da
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