Eva click a. M. Across the emirates, 4 00 a. M. In london. In hong kong, it has just gone midday. Gold Holding Steady after surging in the previous session, japanese yen is coming down from those eyes. How long will this last given that donald trump could to eat anytime . Anytime . Tweet yousef the u. S. Treasuries are up. There is a tone of caution in these asset classes. This tells the story of how the trump euphoria is starting to fade. This is interesting because we have contrasted this with other victories. You can pull this up on your bloomberg. This yellow line is the s p 500 post the trump election victory. The line is blue are after the victory after shinzo abe. We ask how much further this can go. They asked that investors shift to emerging markets and that the honeymoon is pretty much over at this stage. Bonds inybe corporate emerging markets. Look at my bloomberg. Investors are taking the smallest returns since september 2014 to open corporate bonds. Take a look at the seco
Ontle Sales Beat Estimates europe and asia. There was the slowest Revenue Growth in a decade. We will get an analysis. Matt a lot of big earnings out today and we will cover the mall especially the consumer space. Less than a halfhour away from the start of european trading. Take a look at where the futures market is. Eurostoxxro stocks futures down. The ftse, it was up yesterday, the biggest gain since january. Keep an eye on that after unicredit surge 6 . Take a look at the bond trade. Upsideentum was to the in yields as investors were selling off getting out of that safe haven trade that they wound up. Bundt down to 0. 15 on the and we went above 0. 20. We are me back down below that. A little bit of buying in bunds to make up what we saw yesterday. Guy lets highlight some of the things you have been talking about. Today was the italy move. We have seen south korea raising, Chinese Markets also trading higher. The peso is getting back some of its recent gains. The indonesian current
Fda notedter the Incomplete Records during an and action on the plans earlier this month in a note seen by omberg says failure to investigate masses that thats is that did not meet specifications. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. Bloomberg. Ching hong kong and china closed for lunch. Barely moved. Bouncedte back back into positive territory after being in the red. I will be back in half an hour. Ousef welcome to the best of Bloomberg Markets president erdogan with sweeping new powers in a referendum area we spoke to the deputy Prime Minister and has its worries for the lyra. Rex tillerson warned it could be another north korea if its Nuclear Ambitions are left unchecked. Capitalhear from our and see why als are being good. Weekendls best rally is due to a surging u. S. Production. Asking opecs chief model for the take on the situation. In the 2016. [indiscernible] q2 withto q1 and traditionally more the resurgence
The emirates. Angie and im angie lau. We are watching asian stocks rise, along with Industrial Metals as we see the play across the markets here. When it comes to the u. S. Treasury space, some interesting things are happening from saudi arabia. Yousef i would elevate that, promote it from interesting to very interesting. Most countries in the emerging markets have curtailed back the scale of the selling and liquidating of the u. S. Treasury, with the exception of saudi arabia and china. The fire sale is still happening. This chart shows you the extent of what has been happening here, on the chinese side and the saudi arabia side. Both of those countries are trying to use some of those proceeds. Saudi arabia, a decline for the seventh straight month. 123. 7 billion at the end of january. Since then, a 25 decline as it tries to address the 11. 4 budget deficit projected by bloomberg. What is going to happen though, after this bond issue . It is going to change how they lock in those gai
Nasdaq falling 1. 21 . Good. The bull deserved it. We are void of any news which allowed to us boulder a small rally led by the beaten down and at last a balance in retail. However, looking forward to next week, the dollar, the fed, oil, theyre all going to come into play. Calling some real discordant tunes. It all starts on monday when we get a slew of data from the euro zone. That will give us a sense of how weak europe is. Why do we care . Because the dollar has been up for four straight weeks. And a strong dollar is bad news for our u. S. Based international companies. My beggest worry is that we get sub par data from across the atlantic. It will make the euro even more competitive. To make matters worse, we have a host of officials speaking next week including the cochairman yellin. When we hear about three rate hikes, combined with weak european data, the next week it could get you goly. Tuesday, a motley crew of earnings reports starting with auto zone. The big auto parts retail