Gazas ruler rebrand as the isisrael says the manifesto not worth the paper it is written on. It is 7 00 a. M. Here. 5 00 in london. This is Bloomberg Markets. Shery ahn in hong kong, it is midday. You have lost a good interviews coming up. Tell us about them. This is the heart of saudi arabia. A lot of excitement around the country in terms of it opening up to Foreign Investment, making some of the big changes. Vision 2030 has been part of that and tries to wean itself off its dependency on oil. Happeningt what is with foreign participation in the stock markets. That has not picked up as much as expected. Bond,ok at demand in the two very different stories but ultimately what we will be doing is continuing to talk to the movers and shakers on the ground on the sidelines to get a better sense of where the story goes and how investors can of further tap the opportunities. For now it looks like a pretty optimistic today for investors in the market. Take a look at the function on the bloom
Cook. He will talk about product, politics and terrorism. Conflicting reports from Banco Popular paired popular. Is there a buyer waiting in the wings . Just 30 minutes until the open of stocks in europe. First off, lets check. Qatari stock market, right now what you are looking hang on for a second is yesterdays trade. Yesterday we saw a drop of 7. 3 , the biggest for qatari stock by9 after they were cut off four other gulf nations including saudi arabia. Today, we are seeing a less steep drop for qatari stocks. Down at about 2. 2 to an even 9000. We will keep a night on middle eastern stocks has this problem is being worked out. President trump assures the world he is going to step in and deescalate the situation. As far as futures are concerned in European Equity indexes, take a look at my screen. This is a weei screen. Youk on the futures box and get the mispriced calculation by bloomberg. Like we will see a down open across the board, the exception of the ftse in italy and the omx
Breaking investment rules. This is daybreak asia, coming bloombergsrom headquarters. I am shery ahn. Betty, it seems to be all about earnings this week. We had netflix overnight, but we are gearing up to bank of america, goldman sachs, ibm. Earnings season is usually friendly for stocks. We see another round of gains. Betty we absolutely will be. It is interesting because, you know, we know earnings will be a driver, but there is certainly differing consensus or differing aboutamong strategists how much earnings will propel markets higher. We know mike wilson says it could propel the markets up 10 . We have a guest coming up who does not think quite that, is probably on the opposite end of that spectrum. Diverging views are forming. Shery i will be quite curious to ask him why he is so pessimistic. Many in asia are looking forward to other data points including chinas Property Prices, not to mention we do get rbas in the july Meeting Minutes. Take a look at what the markets are doing r
Against markets. Ande need to be persistent patients. A very substantial degree of monetary accommodation is still needed for underlying and nation pressures inflation pressures to build up and support headline Inflation Development in the median term. We are also unanimous in communicating no change to the guidance. We only have to wait for wages and prices, we are unanimous in for setting no precise date winter to discuss changes. When to discuss changes. The last thing the governing council may want is an unwanted tightening for the financing conditions. Jonathan joining me around the table, head of the global and the credit columnist for bloomberg gadfly. Over in dallas, the chief Investment Officer having capital management. Begin with you. Yesterday and through today, this very interesting dynamic asserting itself. Euro that is stronger in the privy that is thick that is stronger and the periphery that is thick. Next the euro as a currency that is very hard to invest in. It is re
Haidi markets dont seem to care. Stocks are surging with traders seeing no chance of imminent war. Death by a thousand cuts. Noble is downgraded again, moodys worried about default. With all these north korean tensions, with got gold going up late. We also see action on the equity markets reflecting the simmering words taking place between pyongyang and washington dc. I talked to a currency trader yesterday. Aboutasking questions what is most, and he said it coin bitcoin. Bitcoin has gone over the 4000 level. A flight to safety, you could argue. It is mirroring what is going on with gold prices. Nonetheless , it is a traditional haven. Is bitcoin also a place where people can take refuge . This is continuing in the week wake of a split that has taken place with the crypto currency. Incredibles pretty what a world we live in where the chinese currency and cryptocurrencies are aware investors are seeking havens. Elsewhere, risk back on the table. We had a rally overnight in wall street.