Questions about the undue influence scandal. Yousef it is 8 00 a. M. Across the emirates. I am yousef gamal eldin. I am shery and in hong kong. Welcome to Bloomberg Markets middle east. A lot to watch out for, including oil snapping a threeday rally, but also movement in the metals space. Is growing concern about valuations when it comes to u. S. Equities and other markets around the world. Let me show you what is wait to the we at confirmation hearings. That blue run like there is used in catalytic converters to curb emissions. Up 60 , the stronger dollar putting downward pressure on the metals and commodities complex, but the story of palladium is a story of stabilizing u. S. Auto sales of the growing cars in china. What did you looking at . Shery pretty interesting to see those moves and metals. In thet see a correction equities rally, so where will the money go. Lets get a quick check of the a mixed play, a bit of picture across asia, lacking clear direction with the hang seng unch
Daybreak europe our flagship show from here in london. Manus i am manus cranny. Biggest twoday rally on record, bang, turn it around, the biggest draw. Added,ugh the bazookas the pboc. They manipulated the liquidity. Here it is. Overnight, we have dropped by reserves,got the fx which, in on the cusp above 3 trillion. The question for the market is down, are more capital controls to come. The pboc making life difficult. That was the cause of that pain for shorts. This is a deviating it somewhat. We see how close we are to that seven number, six. 9, on the radar before then. Back, weakening, 6. 88 or so, looking towards that 6. 9 level. We did not, they did not have to drop fx reserves below that 3 trillion level to defend, but how long that remains the case. It did drop for six straight months. Manus this is the real momentum. Theresa may making it clear that exiting the eu and regaining control of the borders is a critical point for her. ,re we moving to a hard brexit a break of 122 in
In texas as well as plain states. More rain expected today. We will bring it to you. Calling it quits, two airlines suspending service to and from venezuela on worsening economic crisis there. Health officials want to delay the game because of the zika virus. At leets are questioning whether they, in fact, wanting to to rio, would that would cost brazil struggling economy. Most followers on the platform, we will tell you what happened when hackers took over her account. Markets this morning mixed. Shanghai composite posting a gain. Take a look. Strong day in china. Best one performance in nearly three months. Chinese stocks may be add today key emerging markets and so thats pushing investors in the stocks. European markets raising early gains. The euro facing second month of deflation in may. In the u. S. Futures are edging higher this morning. Dow jones industrial expected to open and s p also in the plus column. Here with michelle me this morning Dagen Mcdowell and jon hilsenrath. Ev
No soup for you well explain why. The action begins right now. Lets get to it. If the bear had reason to run scared maybe it is this. Check out transports. The economically Sensitive Group of stocks touching a year to date high today. This is a sign that maybe things are on firmer footing . Dan what do you think . No doubt about it. I think you could take the price action year to date and say, this is a group that was one of the worstperforming groups late in 2014, it topped out, it spent most of last year just trending lower, top left, bottom right. Heres the thing. This years improvement doesnt seem to be based on anything particularly fundamental. When you think about some of the stocks that make up this group, shippers, rails, airlines. That sort of thing. I actually see a lot of economic headwinds to these companies right now. So the fact that theyve outperformed in a year thats been kind of dicey is really doesnt make me warm and fuzzy about it. I think it kind of sets up for an
Interview him. He invoked his rights and did not make statements. We will piece all that together as the investigation moves forward, where he has been since friday. Amanda Sherrif Demings said ortiz turned 16 this weekend. He would not speculate as to why oritz waited to turn himself in. It s possible the teen or his family saw the video of sgt. Pearce and that may have moved him to surrender. Coming up on wesh two news at 5 00, i ll bring you some of that interview with Sergeant Pearce and have more on the charges ortiz now faces, as well as what the sheriff had to say about whether he ll be charged as a an adult. Live in Orange County, amanda ober, wesh 2 news. Meredith investigators find the body of a 13yearold girl, and her father inside their Merritt Island home. Agents aren girl died, but think the dad committed suicide. Wesh 2 s dan billow is at the home on indian street. Dan, what do we know about the family . Dan we know they were very well liked by their neighbors, and the n