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
Bbc. Co. Uk news, and the news app. Now on bbc news, live to singapore for Asia Business report. Should the boeing 737 max have been grounded after the first crash . Us regulators predicted further accidents. The European Central bank will look at a small but growing number of women at the top of business. Good morning, asia. Hello, world. Its a thursday. Glad you could join us its a thursday. Glad you could join us for another exciting addition of Asia Business report. Im rico hizon. We started the programme with boeing, because regulators have been giving evidence in hearing into the crash of the 737 max last year, when a high chance was predicted of future accidents. But they failed to ground the plans until after a second fatal crash. Documents showed a nalysts second fatal crash. Documents showed analysts of the federal Aviation Administration predicted there could be as many as 50 more fatal accidents if the planes software wasnt fixed. Michelle fleury in new york has been follow
Its stronger half of the trading. The korean won jumping most in five weeks and all of this ahead of the tariff deadline as well. A little bit of a risk on sentiment coming through in asian equities and assets today. Absolutely. And youre seeing it with futures trading in singapore. Having a look at what is going on there we are seeing an uplift. We could add to the near half percent gain we saw in the nifty session. Nfte. The dollar is falling against its Indian Counterpart the rupee , half a percent down in the last three trading days. The bloomberg dollar index erasing the gains we have had this year. 10 year yields a spike up as well. It is a time when we are seeing not just a lack of any Interest Rate cuts a perhaps a pause in Monetary Policy is the general feeling. Quite a few rate cuts priced in as the market is adjusting itself to factor in one or two next year. There are looking also at shadow banking and how some liquidity in the market is helping to unfreeze this troubled pa
Of a total breakdown. And technical glitches marred the launch of disneys new streaming service. To breakingirst, news from south korea. The jobless rate coming in at 3. 5 . This is in line with estimates but slightly higher than the previous month. Add 419 thousand jobs in october, more than they did in september, which was already quite a strong job scheme number. Pe number. That is helping to offset some losses,anufacturing job not to mention declines in retail employment. In south korea they have been really supported by fiscal policy. In budget is helping growth the public sector. Right now, the jobless rate coming in at 3. 5 for the month of october. Lets see how we are doing in the markets in asia. Overnight,d messages hearing from President Trump in new york, threatening the possibility of more tariffs if phase one trade deal doesnt get done. Hasydney, as that market just come online, new zealand,. Rading is underway with Fourth Quarter Inflation Expectations, it plummeted off
Welcome to daybreak europe. Investments slowed in china and gdp hit 6 . That is below the forecast of 6. 1 . Industrialy Strong Production data was a bright spot, but the chinese economy is likely to lose momentum. In terms of market momentum, we move to the downside on the shanghai composite. It has been a mixed picture overall. We will dig into the trade war. We saw gains on the s p 500 yesterday in the u. S. Euro stoxx 50 futures into the red. The 10 year yield tips to a 174 handle. The bloomberg dollar index near a july low. Prices givingairy the kiwi dollar a lift. The worst performer, the pound. Pulling back from a five month high. Yesterday, risk reversals. Volatility still near that 2016 hi, talking about one week volatility on cable. 12849. Back to the brexit story. After frantic negotiations just days from a deadline, Boris Johnson has reached a brexit deal. This is how he described it. This is a great deal for our country, i also believe it is a very good deal for our friend