And sees a Million Dollar plus loss in the last quarter. Haidi janet yellen defending her time in office as the race for the fed narrows to three. Fromad half an hour from house price figures. We look at tier one cities in particular to see how things go there. This exemplifies how the pressure on these homebuilders are lessening at the moment. N with house price growth and 60 year on year. It has come down with a bank to earth. The prices for shanghai and beijing have been more modest. For the latest update on the sauce prices and where the market is going from here. Those house prices and where the market is going from here. Haidi president xi jinping reiterating this theme, that housing is for living, not speculative buying. In the lastwatching few days of the 19th Party Congress for news about this reshuffle of the Standing Committee and news when it comes to the 10year of the pboc governor. Tenure of the pboc governor. We do have the ecb policy looking for framework of tightening
Straight tos get stories, these arrests in saudi arabia. What we have his shocking news out of the kingdom. Chart 9472,off with stories not situation normal. Profilest of high individuals. Of. 3 . Gain the chart showing the situation allnything but normal below coverages. Kingdom holdings is the company who wasg to the prince taken into custody. He is the worlds 50th richest man. That stock was down as much as 8 . People looking very closely at the situation there. We will continue looking closely and the implications or investors as we look ahead to this aramco listing. One of our analysts that we spoke to pointing out the domestic perception of what this is is different to the international reactions. We will big deeper into that story. The markets are waking up to a brandnew week. Some pentup demand having been away on friday. Sophie after that three day weekend, japanese stocks mixed to start for the region after u. S. Stocks capped the longest streak of gains since 2013. Earnings
Miner and one of its top Power Generators talking about a 267r the could be worth billion. Rishaad noble facing another difficult day after its new york listed shares tumbled, it singapore listed stock at a 17 year low. Indeed, noble sure starting trading again, but lets start off with the big stories of the day. Sterling, the at election in the u. K. Taking place on thursday. What we have been seeing is that these terrorist attacks have not had that much impact when it comes to the polls, and indeed by influence, what is going on with sterling. Sterling has been beholding to the polls in a different sense. Show how as the labour party has been doing better in recent weeks, recent days even, we have seen of oars weakness for sterling. True when we had of course the pound weekend for the tories, so an inverse relationship if you will. It seems these terrorist attacks do not have a huge political implication running into that thursday poll. Side i suppose the other you could look at in t
Business confidence is plunging. Haidi more disappointing news from the factory floor and japan , machine orders slumping, Producer Prices staying flat. Rishaad the long and short of it, hong kong stocks being targeted by skeptical researchers. Of course all this Political Drama, the British Election, james comey and his testimony to congress. Having a look at gold. Start toshed in and buy gold at times like this as a haven play. This is 502, a look at the last three weeks. Have had three weeks of gold prices falling. Never mind if you look at gold in sterling terms, but gold is priced in dollars. We could be heading for a negative fourth week third week for gold as well. Haidi thats right. You mentioned that excellent point about gold being a currency play. You look at this chart. It is showing that correlation of the prices metal priced in sterling gaining 2. 2 after that calamitous result in the u. K. Of election. That is very much isolated when it comes to bullion nominated in ster
Manufacturers up for a Third Straight quarter as exports drive expansion. Haidi chinas latest hong kong connect starts today, giving overseas investors access to the 10 trillion debt market. Beijing taking aim at washington after the pentagon sent theyve or shipment to disputed waters. Half an hour away from bond connect. The whole idea is to connect the world through hong kong, sending the northbound traffic to this 10 trillion bond market, corporate and sovereign as well, in china itself. What do we have . The idea is we have this big premium over china debt over u. S. 10 year debt, and hoping this will create demand, pushing yields down as we see that you cap balloon gap balloon. Of 120 five basis points difference between what you get in terms of yield in the u. S. Compared with china. Thats right. We are looking for the onshore rate as well as the dim sum bond and forstart never ring the chinese bond premium to start normalizing as well, closely correlated to money market rates. W