We had these purchasing managers indices out of china. Gauge, fiveyear highs the unofficial passion days,n manufacture slipping to 51. 6. The prithe deficit that has from the official one. We have some of these large firms distorting things. Large firms are feeling bullish. So. L firms less tailored toa move shore up the economy. Pboc announcing it will reduce the amount of cash the banks must hold in reserve. The economy where it has been scarce. Its not the only pmis we have had. The few places in asisa, asia, the markets are trading. Most closed for a public holiday. Pmi in japan. Haidi we had the pmi data from the nikkei business morning. We had japanese stocks building on gains. Boding well for corporate warnings in Japan Corporate earnings in japan. We we ending higher and sellingng for seleign for chinese stock g for ringgit stocks down. Is sliding except for the hong kong dollar. They could be under pressure given the retreat we are seeing in oil. Falling after setting the two
It is close to middle east unrest, but it doesnt worry in chapter investors in japan. It is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am Tracy Alloway. Lau. i am angie that optimism in japan is what we are seeing today across the equities space. Topics rising to its highest level in more than two years after robust u. S. Manufacturing data. What he did was strengthen the u. S. Dollar, pushing the yen down and helping to lift the nikkei 225 above that 20,000 mark on. 9 . U. S. Dollar strength on a number just on e. M. Ncy currency. On e. M. Currency. The austrian dollar on . 77 against the u. S. Dollar after the rba kept rates unchanged. Tracy . Tracy lets take a look at what is going on in the middle east, starting with oil. Both brent and wti treading water but they did have a sharp fall overnight. We are going to be digging into those price moves. Take a look at what happened in terms of gulf equities. Edx index was the big story, bringing it to its hig
Theresa may and eu insists that brexit ball is in each of his court. Yousef it is 8 00 a. M. Across the emirates. I am yousef gamal eldin in dubai. Angie i am angie lau in hong kong. Ink politics means punk politics means pingpong politics. We take a look across the asiapacific region because it is admirable sparring in washington that is putting in doubt that u. S. Tax reform proposed by trump. Japan, south korea coming back online. The kospi climbing the most after attending holiday and one of the big movers on the kospi is samsung. Take a look. It is my the biggest movers on the kospi index. Yousef, what is moving in your market . Yousef look, quite a few things to look out for. Brent crude, little bit of gain but the opec nonopec talks not really impressing this market. Really up. 1 . We are looking ahead to u. S. Crude inventories, those are forecast to decline way third week. Gold futures ahead front of the fed oh head of the fed minutes. U. S. Treasuries the comeback on. Ine, ju
It is a bit of a selfless plug. A look at this chart that we have right here for you you the decisionmaking structure in china and how quickly the top line decisions are made and make their way down and permeate into Global Financial markets. If you do understand that this group coming out later in the mostay be offered Important Group of people for the Global Economy. Mye in point of this was morning peas from Bloomberg Markets Forward Guidance is this taking out of excess capacity in places like steel, it has been a real priority. We are in a situation where Producer Prices are trading up a lot positive data whether g10 or gv tv 15 72, follow that chart. A lot of good fives recently coming is at that china is trying to rebalance a lot of the imbalances and it is stage run. This is another version of the chart. What are we looking at it . The dow jones overnight, it is over bought but a lot of earnings in the form of caterpillar. , putting that together with ppi and those are closely
Foundations for a new eastwest trade route. Rishaad the weekend hackers may strike again on monday. At apples market capitalization in excess of 800 billion. If you add them up, you have a 8527,d capitalization, we are at roughly 3 trillion. Quite something. That is what we have at the moment. Some people saying these five have too much clout when it comes to soft power and real power with the amount of data they have at their disposal. The tech names pushing higher with the rest of the market treading water. On the asian agenda, some china expected, retail sales come Industrial Production, some of that expected to have ease, particularly industrial activity , painting the picture q1 was week. I want to touch on the credit data over the weekend and on friday. , credit expansion continues to push forward despite the Deleveraging Campaign from beijing that has shaken the markets. We did see these numbers coming in stronger than expected, aggregate financing expanding to just over 200 bil