We are about 30 minutes out from the open in china and hong kong. Very interesting couple of days to come. We are keenly watching the u. S. Inflation report. Disappoints if cpi to a market that has been awkwardly repricing. Were also passing these comments from jay powell is saying that nothing has changed. Also a reminder, the last trading day for mainland markets before they shut down for the oneweek holiday. The last trading day of the year of the rooster. A modest recovery story playing out a link the lead from wall street. David, it is a busy day in terms of investors passing the data. David there is a lot of data coming through. As you alluded to, there is an Inflation Report that we are stuck between that. We are waiting to exhale or to gasp. Yes, you are getting gains but they are capped. Across the getting likes of gold, the dollar is back below one. 08. 1. 08. That is essentially a picture across the region. Little higher on the regional benchmark. We have malaysia gdp still
David a very good morning to all of our viewers joining us right now. New trading week. Lots to talk about in the markets. Shins and up and running as well. Focus will be on where we go with those markets. No one knows until we get there. Lets get a lay of the land of how things look. Where does this really set us up as we get underway this monday . Have a look at it at our bloomberg chart. G btv 7910. Into thursday, into friday, that little gap, more than a massive gap. Really push the market to extreme levels when you look at markets. 56 of constituents on the shanghai composite are now in oversold territory. Does that necessarily mean we will get something into that market, that really depends on where the herd goes. Will that be enough to restore confidence in that market . We were down almost 6 , 7 at one point. Friday that market has opened up. It will open up in about 25 minutes from now. Haslinda china was most overbought in kenya. It has put things in perspective, given that t
Seoul. Will be live in the bond route continues. The contagion when it comes to equities playing out in the asian session. We had that 600 point drop to the dow. Asianf extended in the session. A huge week when it comes to the data. Four centralbank meetings. You have australia, centralbank in the philippines and looking at the reserve bank of india. Very interesting to get any policy reaction to that fiscal situation of the tell by the latest budget. In the meantime, looking at treasury yields and the features looking at more downside and this is playing out in a negative way in asia. 30 minutes out from the oven in china and hong kong. Hang seng looked at the barometer when it comes to the bearish sentiment in this world as part of the world. David, were watching everything. There are a lot of trades play ing out. David it is getting worse as we speak. Markets open at the moment. On a markets like taiwan flip. We will at teachers on a significant decline. A lot of centralbank decisio
Investors unnerved by claims against the chairman. This is a Bloomberg Markets asia. Taking a look at the markets and investors really checking themselves, taking money off the table and there is plenty to take off the table after equities had one of their best starts to any year. In 2018,he most so far and that negativity is trickling through, a lot of it coming from the selloff. 2. 7,d the 10 year pushing and that level is creating nerves when it comes to contagion. Take a look at the early asian sessions, the nikkei 225 just off. Topics also turning lower. Singapore lower ahead of the open. Thenoble group, one of biggest movers, really taking after investors restructuring the debt. The company saying the commodity trader will be safe from bankruptcy, but control will be handed over to creditors and essentially wiping out current shareholders in no ball. A lot of what has been happening with appreciation is down to dollar weakness. That is all seemingly changed in the last 34 hours w
Made the and offload of assets in the united states. We are 30 minutes away from the open in china and hong kong and we are seeing this rally with stocks after the Foundation Day and trade comes back with more optimism overnight and you see the major u. S. Markets back into the positive territory after the selloff we had and we talk about , buturn to volatility there is still a worry about a true recovery. This could just be a shortterm bounce before another low. You have to imagine, based off of that magnitude in the move. You were talking about that and what came to mind is al sunday, they given six inches in front of your face and the numbers will shift to markets, depending on what it is and we saw this and we are coming off of highs with 3 10 of 1 and nobody has really jump and we have the asian we are seeing but it is not gangbusters. Chilled has given a with the extremity of the selloff. Doesnt it always . China. Why it is you can see this running right hong kong time and with t