To resign. Welcome to the program, this is bloomberg daybreak europe. Lets check in on the Market Action overnight. The msci asiapacific is trading higher after we saw that strong session and United States. In the past two sessions, the biggest twoday increase in 18 months. 43 . S up 0. Japanese markets big weighted down being weighed down. Are also pointing down, so we need to be aware of that as we go through this mornings session. Morgan stanley joining Goldman Sachs and jpmorgan and advising the dip. He dip buy the has been a substantial move, and one of the things in the mix seems to be the Prime Minister in japan speaking in parliament, talking about how they have a blank slate in choosing the governor of the bank of japan. Reports suggested that governor kuroda would be tapped for another term. That could still happen, of course, but theyre talking about a blank slates of people to choose from. The3 is where we trade dollar against the brand rand. Zuma refuses to step aside, but
A politician who took part in kenyan opposition rally has been deported to canada. The kenyan government Spokesman Says the person seen here to the renounce their citizenship years ago and never reclaimed it but they said that he plans to challenge the deportation, calling the presidency of the current presidency president a legitimate your that illegitimate. Illegitimate. Global news 24 hours a day, powered by more than 2700 journalist and analysts in more than 120 countries. This is bloomberg. Vonnie 1 00 a. M. In hong kong. I am vonnie quinn. Shery i am shery ahn. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, here are the top stories. Stocks move higher after the best day in 15 months for the s p 500. A conversation with bain capital comanaging partner jonathan lavine. Cable take his recent that he will take his recent market news and given to us. Shery vonnie a new segment, charting futures. We will start with the markets because julie hyman is
Offset the losses. Abigail a good observation. We are looking at risk mixed trading action. The nasdaq little bit lower. Energy one of the top sect yours, not able to offset some of the weakness we are seeing in other names. Take a look at the dow, on pace for another record close. The dow is on pace for its fifth day higher in a row. On paper, its best weeks since the end of tape and of april. And thehad the dow nasdaq closing at record highs for two of the so far three trading days of this week. Its take a look at one big area of movement on the day. Oil up about 1. 8 on the day, up for a fourth day in a row. It is not just the department of Energy Report yesterday, where the gasoline inventory was a much bigger drawdown than expected, but that Hurricane Harvey is a bit of a reset for the energy market. Plus, he thinks the dollar falling is a big positive for oil. A chart we have looked at before over the month. It is a moving trading range, around the 33 day moving average. We see i
Livex is higher three quarters of 1 . All these currencies are falling on the second column against the dollar. The u. K. Fiveyear yield is lower by five basis points. Climbing in the u. K. To its highest rate in five years in september, boosted by the cost of food and transport. 3 , the prices rising fastest pace since april 2012. The increase in tense of five the squeeze on households. Could strengthen the case for the bank of england to hike rates next month for the first time in more than a decade. That view was given some backing by governor mark carney earlier in testimony. He reiterated his views that a rate hike may be coming. Lets stick with the u. K. , the year we officials have convinced economists a rate hike is imminent. More than three quarters of Analysts Expect the boe to raise in november. Up from one in five last month. They predicted that could be the banks last move for some time. The green line is the new forecast trajectory. The blue line is the previous forecast
Xiaomi saudi stop market, we talk with a ceo. Yousef it is 5 00 a. M. In london. Shery i am in hong kong. We are seeing investors be more conscious ahead of the fed meeting and also the jobs report out of the u. S. A few markets are closed in asia. Hong kong, japan, and south korea. For those that are trading, take a look at this function on the bloomberg. You can see australia is leading the declines. Remember, only after seven days of rallies for the Australian Market. We are seeing the aussie dollar lose point for mark. 4 . Japan is on holiday for the rest of the week. Just to keep you have to keep an i on the japanese yen. Treasuries not trading in asia today. Japan is closed. Yields fell overnight. We are seeing the sovereign debt market across asia. We are also seeing oil rebounds after a drop to its lowest in a week. Yousef absolutely. In this part of the world, they kingdom was holding a wide ranging interview. A rare conversation with the deputy crown prince. He has been spear