Foundations for a new eastwest trade route. Rishaad the weekend hackers may strike again on monday. At apples market capitalization in excess of 800 billion. If you add them up, you have a 8527,d capitalization, we are at roughly 3 trillion. Quite something. That is what we have at the moment. Some people saying these five have too much clout when it comes to soft power and real power with the amount of data they have at their disposal. The tech names pushing higher with the rest of the market treading water. On the asian agenda, some china expected, retail sales come Industrial Production, some of that expected to have ease, particularly industrial activity , painting the picture q1 was week. I want to touch on the credit data over the weekend and on friday. , credit expansion continues to push forward despite the Deleveraging Campaign from beijing that has shaken the markets. We did see these numbers coming in stronger than expected, aggregate financing expanding to just over 200 bil
A big week is ahead on economic data. Coming up at 10 a. M. Eastern time, construction spending, tuesday, u. S. Markets will be closed for the fourth of july. Then wednesday at 2 p. M. We get the fomc minutes from their june meeting and thursday at 815 in the morning eastern time it is employment data. That is ahead of the jobs report in the United States. Forecasts,for data will be out on friday. Leadersfriday, the g20 will be meeting in hamburg. At the top of the agenda will be havingith Angela Merkel a premeeting with President Trump on the eve of the summit. She is urging everyone to seek a winwin as she puts it. With us is Bloomberg International economic and policy correspondent mike mckee. What are the chances . Low. As long as they can play to a draw, maybe they would be happy. They will have an enormous amount of problems there. It is not just the agenda. A big problem obviously because of the United States and what has been going on. It is not just the u. S. Take a look at th
Tone of his statements may tell us a lot. Rishaad 8 00 a. M. In the emirates, this is Bloomberg Markets middle east. Markets dive into the and show you the landscape across the asiapacific region. Gmm is the function on your terminal and you can see that the leader on the board today is australia after that surprising retail figure coming up to the upside. Were seeing a rally on the asx 200, with Retail Stocks and macro funds reportedly selling into the rally. But we are seeing the rest of the market with a little bit of a mixed picture, including hong kong and china. And theres down, really is this anticipation ahead of that communist Party Congress in the fall that we arent going to get a lot of policy guidance, so perhaps investors will be staying on the sideline. What are you watching . Yousef there are quite a few other asset classes, the energy has quite a bit of movement. That is taking a bit of a breather, halting gains after the longest winning streak this year stop it is down
Bid. Shery expect profittaking. It is 8 00 a. M. Bright and early in to buy. I am yousef gamal eldin. Shery it is midday in hong kong. I am shery ahn. Taking a look at the asian markets. It is a mixed picture across the board, the hang seng gaining. 3 . Lot to do with just optimism across the board, but function,u look at my markets a bit more subdued for a monday, excellent data out of japan, but also president s day holiday in the u. S. , the dollar index study, losing a quarter while steel is leading the gains when it comes to commodities. Gains seeing doubledigit for steel rebar futures contracts and china. Look at the strain to year yield down to basis points. The 10 year bond yield finally declining after six Straight Days of advances among but i get ahead of myself because so much uncertainty out there. I cant say it is an optimistic picture just yet. Yousef we look at the conventional metrics and a lot of these Asset Classes, for example, u. S. Treasury yields, but let me show
Nuclear deal with iran. Welcome. Were at the minsk foundation. Imoon here in hong kong, angie lau. Angie, welcome. Were at the minsk foundation. This is all part of the deputy crown princes objective, communicate with the youth of saudi arabia, join me in the grand bargain that is a reformation of the future. Its about technology, education. Butave a great show for you lets get to Global Markets have a look at the inflation trade. Thought this was interesting inflation protected assets are outstripping lows that are inflation affected. A paradigm shift. Bonds have delivered nearly 60 we are talking about a paradigm shift in the bond market. Have we gone too far, too fast . Thats the debate, checking in on the middle east closures. Youve got a couple scenes at play. Funding rates are dropping for the 12th day, saudi stocks recovering from a bear market. And the investment, the wealth fund may be selling. A bit of a move on the emerging dubai down and abu dhabi down. Those are the big th