Russia. President trump says he retains his total confidence. We are about 30 minutes away from the open in china and hong kong. Day tracking these losses that we had on wall street. They are just kind of checking themselves at this point. A run up a little bit too quickly. In hong kong. Once going on . We do have stock investors after thursdays gains. And acrosss in japan the board here. Down over 1 . Sincefter rising the most november. Minors, the biggest drag. And base metals also slipping today. Checking in on korea, the cost be down about. 8 . Stocks are falling after china reportedly ordered agencies to stop selling packages to south korea. Month andraded last would benefit from the growth in chinese travelers. Now in the red falling over 10 . It was up over 12 . Keep in mind that shipping will Start Services this month. , i want to on taiwan highlight tech stocks. The Economic Daily reporting that it has received a boost in assembly orders to 10 . It saw a sales jump 33 on the b
Welcome to bloomberg data rate europe. Daybreak europe. I am anna edwards. Matt i am met miller in berlin. Really exciting time following the d g20 two in Bodden Bodden badenbaden. And here onn berlin their daybreak show, good to have you on the program. Lets characterized we saw in u. S. Equity markets. Substantial loss of 1 coming through on the major u. S. Indices you do you say this is a questioning of the reflation trade, a questioning of the trump trade . It depends on a extent to which you think the trump trade was priced in. You saw indices to look at help here. De us through this is companies that have high tax bills and in the blue we have companies that typically benefit from share buybacks which might get a boost and he might see that repatriated. Neither of those categories are stocks have been doing all that well since the middle of january. Neither of those are what you might call trump trade have benefited in the month and a half or so. What has been doing well are the
Report. Manus it is 5 00 a. M. In london. I am manus cranny. Angie welcome to blommberg markets middle east. Are watching we today . This massive flight from emergingmarket equities, the second day of losses across the asiapacific region. Explain what we are seeing in the markets . Japan and the only gain of the day, but massive flight from emergingmarket equities because of concern over what a Trump Presidency means. We thought it would be focused on domestic policy, but of course as speculation increased on what a china trade work and mean or what a donald trump view on asian equities could mean or asia could mean, we are seeing a selloff in equities. What about you . Manus you were talking about the equity swings. We will talk more about the emergingmarket currencies. I will focus on the bond markets. Weekweek was the worst since the taper tantrum in 2013. Yields are spiking higher. Is this overdone . Relative strength index of the bottom of the screen, the highest since 2007, but w
You. I will be back more in a bit. Nowe bookmakers are weighing the chances of britain leaving the eu at 30 with the pound climbing is campaigning resumed after the murder of jo cox. Leaders visited the sunday talk economicsle 10 Nobel Laureates wrote an open letter saying that britain is better off in the eu. Tome minister David Cameron questions on a Bbc Television special accusing leave campaigners of misleading the voters. A bloomberg tracker of six posters showed a sharp drop in the leave campaign since the murder of jo cox. Support now averages 45 , with 42 in favor of brexit. Apple facing a new legal hurdle in china, a patent violation on some iphones in favor of a small local rival. Beijings intellectual Property Office is the iphone 6 and six plus infringe on the patent rights of a phone maker because 100 larities to its see model. Apple has filed an appeal, which means its product can remain on the market. No date set for the hearing. Vale haselling us that a view to sell a M
It has just gone 6 00 here in london. Manus i am manus cranny in the in dubai. A shift in the risk sentiment. Anna gaining momentum over the weekend with the latest polls which put the remain camp three points to six points ahead of the levers. Lets go to the risk radar and show you what is going on in Foreign Exchange markets. This is very much the brexit story, the antibrexit story. Rally in spurred a highyield currencies, up by point at 1. 459 3. The aussie, the kiwi, emerging markets, the euro, all of these getting a little bit of a reprieve because of the polling. The expression of risk sentiment that we saw last week in the pound versus the yen, that is reversing a little bit as well. In there as well, the indian rupee. Over the weekend, we heard that rajan is going to be leaving at the end of his term at the end of september. The r. B. I. Selling dollars. That is according to traders in india this morning. Manus lets talk about some of the other Asset Classes. 2year notes, the y