London. Manus a little bit of breaking news. We have assets under management at the end of october, 393 billion swiss francs. Number, the fight for new funds. Its not just about new funds, its about the profitability of those funds and putting them to work. Thats the headline number coming through from julius berg. 393 billion swiss francs. Thats the top line, and we have a little bit more that we will bring to you. Angela merkel, who would have thought the stalwart of europe cannot get a coalition together . Eurodollar, euroyen, swissie. Anna does that lead to more talks . Perhaps. A minority government, new elections . The euro is the key message. Manus the question is this. Do you look into the eye of the storm and say she will pull it back . There will be a rapprochement . What we have is a reflection. These are the risk reversals. He were trading higher, quite a bullish sentiment on friday. The most bullish since 2009. The risk reversal, trading back at levels we havent seasons oc
Rishaad japans recovery on track, growing for a fourth straight month, the best performance since 2008. Investmentaba the to in chinas largest hypermarket chain. Rishaad we started with the markets. 6647. S a technical chart it is showing a double top formation. Msci asiapacific index slipping from last monday to friday, halting a rally that had lifted 6 . The asian gauge risk of a p technical pattern, which means the path of least resistance would be to the downside after it hits it. Fatigue, ifse of nothing else, creeping into the markets. The u. S. Session, thanksgiving towards the end of the week, and in asia, a loss of momentum of the that continuation japanese recovery story taking place. This week is all about centralbank minutes, the ecb, rba, and the fed. Four for rate hikes in 2018 supported by the october minutes. David im looking at the wti screen to show you the nuts and bolts. Sophie the kleins for the despite25 and the topix trade data indicating the best performance now
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
Does seem to be pretty good between now and the end of the year. Well, i mean, look, just from a Bigger Picture, we talk about trend a lot and i think you have to respect the primary trend, and so from that standpoint lets review what went on last week, a holidayshortened week but so what. A new record alltime high in the nasdaq and the dow, and then you had the canary in the coal mine that was supposed to be down and a new 50week high in the lts so you can look at all these things and say im going to go the other way of things. Youll be on the wrong side of history of over 100 years of market data that we have Bigger Picture the trend is still higher doesnt mean that you cant have a deterioration in the internals and get a correction of course, you could, but im just pointing out thats not whats happening now get a day like today, the market hits new alltime highs at the open and people pull back and whats the reason . Is it north korea . Welcome to sell on that news if you want, but
Burst. But first, coming to terms with an attack in egypt that left 300 people dead. Of the sears this could be in a function point. A is a truly shopping truly shocking event. Think the thing you have to remember is egypt has gone through a series of proposals on the political side as well as i thinktreet for now, we should view it as an isolated event and see where it goes. They will clamp down hard on this. I think we should take a moment and see where things progress before jumping to too many conclusions. The question is how should investors should look at the story. Market sold off. Egyptian assets remain firm. It is an interesting one. If you look at it and go back a year. You have to view this as a timeline situation. Few foreign, very investors had an appetite for egypt. Bitsecurity situation was a of a mess. Last october or just over your go, 20 billion dollars. Today, they are 36 billion. Half of it has been dispersed or approved something to looking good. ,ven if we talk ab