Are 30 minutes away from the open in hong kong, china and taiwan closed for trading, but singapore and malaysia coming online, a slew of asian pmis, the markets have a lot to digest. Lets get it over to david ingles. Happy first day of the quarter, by the way. David and to you as well, heidi. Ofeak dollar story, a bit deals. The leaders across asia, a few flat markets. South korea. 5 , new zealand, singapore, we wont get into the details. Japan erasing earlier losses. Have a look at the currency markets, inflows, the south korean won, a big movement with high beta currencies like the won. 1111 predicted in the next few months. All right, put this up and have a look at the commodity markets, and no Movement Across energy. There was a big move last week. All the information has been priced in. Next key thing is what happens to inventories. That is what opec keeps saying. Look at inventories and the main data. When we moved to june, we expect the needle to be moved a little bit. The bonds
In the absence of china and hong kong in the market, also india close today, as well as taiwan, we do have malaysia coming online as expected. It does kind of feeling we are getting a slight drift into the risk of sentiment. Lets go over to david, who is taking a look at how the markets are going. We had a week cue from wall street overnight, but it is important to say that this is a lower as opposed to a sharp leap into drop off territory. David absolutely. When you consider what happened overnight, the First Quarter was not a normal quarter. When you look at the sort of acrosse are not seeing markets, its a time of consolidation. When you look at asia, its not surprising, not exactly a rush to the exit. We have been trading around these levels for the last hour or so. Have a look at dollaryen. Holding at 19,000. Have a look at gold prices. Want to mention here. Gold is back to the highest level in five or six weeks. The other story is the pullback that we are watching. This is across
More activity when it comes to asian markets. They are trending higher in what was a pretty terrible session yesterday. To regulare back coming back online. Take a look at this chart. This is an interesting phenomenon to note. You do not think of china as being a dividend market. But it is in this way. Chinese stocks come in terms of companies that handout dividend, have been outperforming the most since 2013. These players are few and far between. It is one of the stingiest markets globally when it comes to shareholder payouts. We have dividend payout supplies. We had a rally from state owned companies. Rats we were seeing a start of a new trend. But it is part of returning shareholder value. To an employeeg from fidelity who said this trend would likely continue. This is going into the potentially unlucky quarter. We are 30 minutes away from that open in shanghai. Hong kong as well which was often yesterday. Singapore, taiwan, and malaysia is just coming online. Sydney where it was n
Back to 1982. Refineries were at 91 capacity, up 1. 5 points from a week earlier. U. S. Refineries typically increase production ahead of the summer driving season. The department of Homeland Security will continue searching mobile phones of travelers into the u. S. As lawmakers questioned whether the policy is unlawful and intrusive. Secretary kelly told the Senate Committee that the searches help keep terrorists out of the country and affect only a fraction of the people flying to the u. S. Every day. President trump has reiterated his discussed at the gas attack in syria missing the perpetrators have crossed a line. Dozens of people were killed in tuesdays attack in the idlib province, and the president has said using chemical weapons will have consequences and said the Obama Administration had failed and he now carries the responsibility proudly. It crossed a lot of lines for me. ,hen you kill innocent children innocent babies, babies, little babies, with a chemical gas that is so
Scandal and jay y. Lee. Watching Bloomberg Markets asia on this friday, markets boy in. Bullion talks between china and the u. S. Underway at the moment, president xi jinping and President Trump at dinner. This chart is showing trade will be at the top of the agenda. U. S. Reliance on chinese trade as a percentage of global volume, 17 , close to the highs issue ofbut still an currency and could get quite interesting. Bloomberg data suggests chinas trade sensitivity when it comes to how that reacts to a weakness and the currency, that correlation has diminished come as so it will be interesting to see what the u. S. Has to say on the trade front, but most deliverables when it comes to president ximp and jinping under domestic pressure to come up with the goods. Electronics seems to have shrugged off scandals over product safety and corporate corruption to post fire first court of profit and sales. Stephen ingles is on the story. Fiasco, the note seven jay y. Lee in jail, it cant keep th