Investors await the final pricing for the asia operation. They hope the Chinese Market will help drive down debt. Shery lets get you started with the quick check of the markets. Close of the thursday session. Reaching record highs with the doubt surpassing 27,000. S p 500 very close to the 3000 level. We have financials and industrials leading the gains. We got the tweet earlier in the session from President Trump saying china is letting us down. Bit. Took markets a little they were able to recover as we are focused on chair powells second day of testimony talking about the fed having room to ease and ties between the Unemployment Rate and inflation. Yields have 10 year reaching one month high as we got u. S. Inflation numbers coming in the hotter than expected. This friday we are facing a modest retreat in asian stocks after a two day gain. Hares flipping at the closing chinese trade headlines the agenda which comes after trump complained. Malaysia,e gdp plus japan, and india. Theill
Uncertainty. The corruption crackdown in saudi arabia, the details. New poll finds most britons bracing for a postbrexit tax hike. Tracy this is Bloomberg Markets middle east. Angie a quick assessment of the markets in asia. The msci asiapacific regional. 75 , closingbing in on levels we have not seen this high since november. What is really remarkable about the selloff that we saw in the areal equity space, we seeing that recovery in asian stocks and sentiment today. , 1 nikkei 225 climbing higher because of the weaker yen, also putting aside concerns about u. S. Tax reform. We also have the hang seng, 1. 25 up, some big players, tencent higher. Te. Ck out z it is lifting higher, 9. 25 higher, and one of the reasons could be massive money coming through stock connect changing large caps in hong kong. Tracy, what is happening in your neck of the woods . Tracy it is nice to see green it . Hat board, isnt some assets that mean a lot for this region, the u. S. Dollar sliding a little bit.
2017 has extraordinary brought it into eight very exclusive club. That is the Fifth Company worth and access of 500 billion, alongside apple, googles parent alphabet, microsoft and face book. It also means it has beaten alibaba to the milestone. News, 24 hours a day, powered by more than 2700 journalists in more than 120 countries, this is bloomberg. Lets take a look at the markets closed, aboutust 4 10 of a percentage down. Japan, we are seeing gains all across the region. Emily this is bloomberg technology. Coming up, the doj is hitting at t hard. Details on the lawsuit that could block at ts 85 billion takeover of time warner. Uber speeds up its driverless push, striking a deal with volvo. Details ahead. Plus, more dealmaking in the chip industry. What marvells 6 billion acquisition of this Company Means in its continuing consolidation. Lets start with the lead. Our developing story the u. S. , Justice Department is suing to block at ts 85. 4 billion takeover of time warner. This is
9. 9 billion so far has been used. Talking about the Market Street in hong kong and elsewhere in the asiapacific. John woods joins us in a few minutes to talk about how to adjust your portfolio. Equities still the place to be, but there are perhaps more tweaks needed. Angie joining us is the former the wto herest for in hong kong. It will be interesting to get tradeoughts as to how will possibly stimulate these moves in the equity space. Lets take a look at the market. Blackrock saying the potential for asian stocks to move higher is there. Gmm is the function on your terminal. Here is a trading halt to tell you about. Is notpaint participating in this rally we are seeing today because of a m a. Ion on it could be possible affirmation of a bid. Check out what is happening, hong kong above 30,000. We are waiting to see whether or that recordbreach setback in october 30, 2007. That is definitely the first time we are seeing it above that 30,000 mark in a decade. Other notables of course
Eight years into its life, surging towards 10,000. It is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Angie i am angie lau in hong kong. It coin, butabout lets take a look at the sentiment across the asiapacific market right now. Towards lets see 10,000n price was the predictor last week. Incredible prize for bitcoin, but the regional benchmark off fresh highs, losing steam, losing momentum. One of the biggest sellers is into negativeuing selloff territory, down 4. 3 percent after Morgan Stanley cut equal weight from overweight. Some is that stock price target well over 3. 4 million. Thestock has flatlined in past few weeks, so Morgan Stanley among the first to pare back expectations, its analyst downgrading back down to 2. 8 million. Yousef some other Asset Classes in focus. Crude complex Still Holding close to the highest level in two years for brent. This is slightly below the flat line. 2. 34, theper, Treasury Curve flatte