To global reflation. Equally important, the data out of china. Have a look at this bloomberg chart. Uptick were expecting an , but not this, 6. 3 , now back above 6 . Here is your base effect, steadying, and pick up right there. Bloomberg intelligence is telling us in a note is that it might the sentiment driven. Is it supply side . Partly. This could turn, but that the in said, if you did have to choose which industries are benefiting, look up stream, steel. Downstream, not quite. Upstream, steel and rebar prices, closely coal related. You can see where that one goes. Very interesting. We will be flushing out that story and a few moments in Market Reaction when markets open in hong kong and china in 30 minutes. In the meantime, singapore, taiwan, malaysia coming online. Sophie, currencies, but the equity markets so far. Sophie these are equity markets. Higher byeing led tokyo and seoul, korea. Some marginal losses for stocks in kuala lumpur. While stocks are higher, bonds falling, the
Equity markets are higher and higher. The fed and the boj coming through. How do we phrase this . Where we go from here . Dust of the few minutes ago we were talking about how the boe and the bank of canada raising rates in the fourth quarter. Requiring it to throw the conversation for next year. Have a look at this chart, the question really is how much can the likes of the boe and the bank of canada, given how strong their currencies have become, continue to follow the fed on its current rate policy . At what point does a policy notngthen, and become inflationary . Charts, whatat the it shows you is financial conditions in the United States in the bottom part. They are still fairly loose, and what that means is that despite the fact that you have a weak u. S. Dollar and currencies like the pound trading at fairly strong levels, it is not yet creating conditions where you would actually see disinflation coming through. In other words, there is scope for a lot of these big Central Bank
Groups to rebound in countries like yemen and pakistan. Global news. 24 hours a day. Powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Technology is next. Caroline this is bloomberg technology. Coming up, snap, the big picture. Well get you up to speed on the trading day debut as a acid in the first ipo of the year. Plus, early believers, the first two they on snapchat. You hear from the partner. And the 5 billion club. How the monster ipo changed the fortune of the snap founders. First to our lead. Snap wraps up its first day of trading with shares closing up 44 from the listing price. They reached a high of over 26. The maker of the app and it a long tech ipo drought. What will be in the pipeline for other companies . Two people are joining us. How do they manage expectations. Much . A little bit too guest a typical ipo you would like to see 20 30 . This will have a little bit more buys baked in. If you look at twitter it was 70 or more
Groups to rebound in countries like yemen and pakistan. Global news. 24 hours a day. Powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Technology is next. Caroline this is bloomberg technology. Coming up, snap, the big picture. Well get you up to speed on the trading day debut as a acid in the first ipo of the year. Plus, early believers, the first two they on snapchat. You hear from the partner. And the 5 billion club. How the monster ipo changed the fortune of the snap founders. First to our lead. Snap wraps up its first day of trading with shares closing up 44 from the listing price. They reached a high of over 26. The maker of the app and it a long tech ipo drought. What will be in the pipeline for other companies . Two people are joining us. How do they manage expectations. Much . A little bit too guest a typical ipo you would like to see 20 30 . This will have a little bit more buys baked in. If you look at twitter it was 70 or more
Those production perks. Its 8 00 a. M. Across the emirates and 5 00 a. M. In london. Less in am david eating hong kong where it has just gone past midday, midweek session, equities. Dollar on the back foot. It is really in the bond space. Yields on the way down across the region here. Let me just point out one of my charts right here, it really a has you shows you been up. Oil has been up as has the yen. But the help all of that compares when you normalize things in the volatility. We are talking about in that yellow screen. From monday. P yousef, very interesting times. Yousef risk appears to be coming back, gradually. Just a little bit camp or two yesterday. This part of the world is just under two hours away from the emirates market. Dubai and up with dobby, this is the state of play. Interesting that dubai and abu dhabi, this is the state of play. Consumer discretionary spirit the tadawul is down 2 10 of 1 . We are seeing a spike in activity in dubai. Still down if you compare it t