Refiners are facing a renewed threat to their production. Good morning to you, yvonne. Ye on japan e and korea. Trade was focused on Hurricane Harvey. I want to bring up a function. Are hurr you at the red dot, showing some of the refineries that have been closed. You can see that there are more red than blues. The reds meaning the refineries that have been shut down. That has left the markets uncertain today, particularly as this destruction is only going to get worse. The flooding is supposed to peak on wednesday and thursday, so this is not over yet. This is going to be the entire week the houston area will be dealing with the devastation. It seems like it has reignited the storm and flooding , moving over to the louisiana side. Definitely, our hearts go out to everybody in the u. S. We had to take a look at the headlines. In the last 90 minutes or so, north korea, firing this missile. Up and over japan, a little bit more serious given the fact that it has flown over japanese airspa
Regulation had choked off the bitcoin rally, the backocurrency has roared to life. I am haidi lun, coming to you hear from singapore. Betty i am betty liu from bloombergs Global Headquarters in new york. One day, bitcoin is dead, the next day, it is back to life. Make up your mind here on bitcoin. No recession at all when you look at the u. S. Equity markets. Let us will the boards here. Record run here, a. 5 years into the bull market, the sp hovering above that level. The dow higher by 63 points. The nasdaq gaining. 1 . As investors, the fed meeting on wednesday, and janet yellen this time, talking about quantitative tightening, right . Rolling back on the Balance Sheet. Haidi it is this idea that a quantitative easing has given birth to his 8. 5 year bull market as you say, it seems a little illogical or concerning that the market seems to see quite a bit of tightening. It is not going to have much of a negative impact. The big question going into the trading week was can the bulls
In new zealand and in germany. Before germans went to the polls, we did see what was going on with valuations in the benchmark dax. The dax is showing Equity Investors are not conflicted. The dax trades at about 13 times its expected profit. That is well below msci priced ratios. Ndexes overweight. Just half an hour to go before we get these art of the session start of the session in hong kong and shanghai. It is now 135. There has been guff of Interest Rates going up. We have been doing this for years. Once has oit faulted. Rashaad every time i go to england, my trip becomes more expensive. Entering the 4th quarter. High grade. F expect thos three to hike. Equity markets doing good. Japanesef the weaker yen, it is no longer here. A little into ems. Getting out of the bond markets, we are seeing yields of. Up. Percent. Is up 0. 4 starte seen a downpouturn to flow. Watch out. This is your 200 day moving average. There is your chart. 51 on our terminal. We could be talking about election
Next up is nato, an organization he attacked during the campaign. We have world coverage here on daybreak asia, we keep an eye on vienna. Betty opec is meeting there. Continuing fallout from the Trump Administration budget and what the cbo calculated on a health care bill. This is daybreak asia, live from our new york and asia headquarters. I am new york i am in new york, it is just after 7 00 p. M. Yvonne i am yvonne man. It threw us off guard. Everyone raising rates. Perhaps that means a june. By another word, prudent. Caution from the fed about when we could come out of this. Betty you have to look at the data and not blame the fed for giving mixed signals. Data itself is showing mixed signals in a consumer confidence, consumer spending, diverging. You have a job market so hot in the u. S. , but then inflation is so not hot. What is going on . You cannot blame the fed for putting their feet in both areas right now. In any case, Market Investors really parse those minutes. The focus
From bloombergs u. S. And asian headquarters. Im Ramy Inocencio in new york just after 7 00 a am. Yvonne it is just after 7 00 p. M. In hong kong. Im yvonne man. The tech earnings this week will be the big focus with alphabet kicking things off. Ramy i was trying to get ahold of what was moving the markets today but there really wasnt anything but it was earnings. Well get to that in a little bit. Yvonne yeah. It was good it seemed like, in line with expectations at google earnings but just not enough to really convince investors to get too excited about given the run we have seen on the stock already. Lets look at how things are playing out in the asia pacific. It was the Oil Companies that were in focus and kind of offset in tech yesterday. Flat day so far. To australia things could get a little more interesting. Oil being a bump higher overnight with the saudis promising deep cuts to crude exports next month. Shipments capped at 6. 6 Million Barrels a day as we see more analysts say