To extend its surge. That is helping those Energy Players today. We are seeing copper higher by , and auminum up by. 4 good gain in steel as well. A switch out of gold, not function, the gmm but an indication we have investors not to worried about risk. We are the stocks watching, Lg Electronics having its biggest drop since february 27. Trading boy them is double the 30 day average. It is still falling, a day after samsung launched its new phone. Takeda pharmaceuticals up, its vaccine has triggered immune responses, and you can see dulu of the worst performers as we saw a downgrade saying the gain is unwarranted. Lets look at the off shore renminbi, some movement there. Weakenhave the pboc the fixed today, and they did open Market Operations saying there is enough liquidity. Rish. Right, lets get to first word News Headlines and find out what is going on. The ousted korean President Park geunhye is in court as judges here arguments for her arrest. Aosecutors are seeking warrant over c
A warm welcome to bloomberg daybreak. I am anna edwards. Lets describe what has been called the night of the long knives in the South African political despair sphere. Dhe devaluation of the ran coming through as president zuma replaces his finance minister. Gordon is out, replaced by somebody with little financial experience. The former finance minister, speaking on the phone to bloomberg in the last few minutes, saying there are a range of characters troubling the treasury. Andion between him and zuma part of the anc. Also saying south africas treasury has a strong team of professionals. We will discuss this through the program. Certainly, the new minister does not seem to have from the cv to have a great deal of experience. Anc, could split. The presidency could be called into question. A fairly popular emerging market destination. Lets come back to the south africa story shortly, but we will check out where we are on various assets in the overnight sessions. The bloomberg dollar in
Economy is weak and vulnerable. Angie welcome to Bloomberg Markets middle east. We are seeing yen weakness drive the market, but it was the janet yellen comments that impacted not only u. S. Markets, but we are seeing that in asian stocks today. That is what is playing out here in asia, what is playing out in your neck of the woods . Yousef we are keeping a close eye on what is happening in audi rate yet as they prepare for the First International bond sale. What caught my attention this morning is what is happening with of the liquidity situation in the kingdom. Take a look at this chart. Youre looking at a three month side for. This is how much they charge each other for lending. We also added the type or and ibor and inner sa bank rates. Theyve already invested an estimated 5. 3 billion. Your sing deposit ratios up to 90. 8 does 90. 8 since august. How much more does the countrys central bank need to do to relax some of those nerves . That is what we will be looking at throughout th
The stakes are raised in tabcorp with reports tatts a major player may enter the game. 30 minutes away from the start have atrading day, lets look at what is happening. Haidi it is all about the oil patch as we head into ministersns, oil flying to russia for talks, saudi arabia saying a supply cut may not be necessary. That has taken some wind out of the recent rally in crude. Wti falling over 4 friday, extending losses. We are holding above 45 a barrel, but just. , 46t looking similar, off tilde . 67, so it is about the energy space. If we do get that supply cut announced and the details come through, markets have priced it in. If you look at where we are sitting three months out, weve come off that rally builtin after we started hearing about these potential supply cuts. This is what we are looking at in terms of the broader markets, a mixed picture, but the wind taken out of Japanese Equities. The nikkei 225 close to session lows. The topix snapping its streak of gains on account of
Strongly. Raising half 1 billion. The company lost its chief executive on monday. Do let us know what you think. Follow me on twitter rishaadtv, and use trendingbusiness. Weekast trading day of the in shanghai and hong kong underway in 30 minutes. Others just starting off. David is taking stock of the mood. Theres no real conviction ahead of the jobs report. Back to levels at the start of the week. Let me recap quickly. 500 above 2100, seven month high. Stocks in europe, call it flat. Europe was lower. Emerging markets flat as well. No real conviction. Volumes are light. We are welloff the highs of the last hour or so for every market open. Doing this,. 5 , not bad. We were seeing a lot more gains early on, at sense of caution out there. , that is the story in sydney, below 5300, well off the highs. Korea,pi index in session lows, 1982 is the level. Asia is looking like this. Here is the heat map. Three opening up. It is the best misleading. We are seeing gains, but claims are light. S