Left in asias once a dominant commodities trade off. Kong markets are getting set to come back online after the Lunar New Year long weekend. Chinese markets are still away until thursday. We take a look at what is going on in the hong kong stock exchange. In terms of a handover, not much of one after that stellar performance by asia shares on a monday driven largely by Japanese Equities that had their second best day of the year. We saw a little bit of a failure to extend those gains in the european session. We are also seeing u. S. Futures trading down as well. Lets take a look at where we are moving in terms of markets. A big week when it comes to markets. It over to sophie for a look at how things are going. Ie as you pointed out, u. S. Futures are declining. Taiwan and a vietnam also closed for the extended holiday. The nikkei and topics snap a topix snap amb threeday climb. Seoul, and for decline. In kuala lumpur, stocks are sliding after a fiveday bend. We will see whether or not
Rishaad what a rally it has been so far in january. Lets have a look at what has been going on with china. Hong kong versus shanghai. Bringing up a chart for you. Main equities may be in the shadow. The benchmark is notching up and moving, closing at its highest level since 2015. It has been a rock and roll ride. Rough 2016. A it sparked off some panic. Eight home 2017. 20 17. A call lets not forget hong kong. Its a redhot stock market. Looking at this tends to show you what happened here with the momentum building up as we head further into the year. Perhaps more games to come . That is the big question. Haidi particularly as the market looks at the rise of china. It is a global synchronized growth story. Speeding through the earnings season. That is where we all record highs. They had so much momentum coming out of the u. S. Targets. Over 18 have beat estimates. You can see that coming through. Looking at the asian session, we are preoccupied with a few things. Apple supplies. When t
Im haidi lun. We are an hour away from the open of australias first major markets. Just past 5 00 p. M. Here in new york. Im Ramy Inocencio. Heidi, looking at the markets on friday, you would have thought it would have been another down day with negativity, but look at that. We actually have green on the screen. Were going to get into why exactly. The rsi was headed close to 30, and that does trigger an oversold there. Possibly getting some resistance. Not exactly sure. Hop into the bloomberg terminal. While we are seeing some green on the screen, this the seasonality on the bloomberg best seasonality function on the bloomberg. Seasonality function on the bloomberg. He stx is down we are going to see if we can continue with that read in asia. Rading. Haidi we have a huge data calendar this week, not least indian inflation kicking off today and that fourthquarter number, which is expected to be an eighth straight quarter of gains. Is that going to be overwhelming when it comes to the se
All right, this is a shock or block week. But thisa note that suggests that these markets are moving high. Becausehave good reason earnings have been so impressive so far, really big ones dominating the agenda this week. Ish, we are looking at crucial levels when it comes to stocks in hong kong. Rishaad absolutely, looking at what happened with these shares, these Chinese Companies trading in hong kong. We want to bring up gb tv 9440. Investors bid for these underperformers. This is a third of the companies on the hang seng. They are racking up fresh one year the biggest proportions says that 2014 stock bubble. We are seeing some of those cheap banks red hot. These fresh highs are being hit last week. That is what we had at the moment. H, in terms of the other things on the agenda, we have yellens swansong and watching what the fed does. We are just watching what happens as jay powell takes over. The pmi is expected to hold steady. Lets look at markets because we did have u. S. Stocks
They are small potatoes. Kathleen i had an interesting conversation with bill dudley and i am putting that comment of small potatoes from bill dudley seenrspective we have much worse, however, he is convinced as well that, rate hikes will continue and is interesting to me that it isnt just u. S. Fed officials but other central bankers downplay the stock market volatility. We heard it from greg spencer yesterday, and we heard it from ecb officials yesterday, saying it will not affect the policy path. Unless it gets worse and last longer. Yvonne we heard the boe chiming in and it is fueled by the selloff that we saw overnight. Interesting contest of last week, or earlier this week that the worst may be and this is a technical shakeup given the fact that most of this market with short volatility, but now that trade is that, perhaps the dust settles, we should be ok. But today was an indication that we could see more to go. Kathleen may more dust coming, we shall see. The s p dropped takes