They will buy 30 and made by more overtime. Have an analyst saying in india, there must be a balance between a strong rupee and a realistic rupee. Follow me on twitter. Markets, opening in shanghai in about 30 minutes. , we have memorial day in the u. S. , and much of europe also having a break. What do we have . Of these markets in europe are up 5. 1 . Up by. 1 . This is how asia looks. I should note it is looking slightly better at the moment. In japan, we were down by 4 10 of 1 . We have basically erased those losses. Australia is pulling the index closer index lower. Volumes are very light. You have these three markets opening up, singapore up out of the gates, a tenths of 1 . Taiwan and malaysia are slacking. You look at where the benchmark is, about 128 or 129 on the asiapacific. Drop in january, two percent right now. You had that rally in between. Long story short, the markets are waiting for a cue. Are there are fairly hawkish comments coming from the fed. When you look at how
Metrics, also showing very sharp gains. The index gaining the most since march. The story is coming down to speculation that the msci, the index compiler, will be including a shares in the reaching of these indices. They includewont it . Investors are choosing to focus looking at how these brokerages that financials trading on the chinese markets. Currencies, the past four days, whats been happening in the next few days at the moment, trading sideways. Traders are still trying to reprice the fed rate hike. Dollaryen in the meantime there we go, back above 1. 11. Call it flat. We have seen Dollar Strength for the most part in may, a rally into this morning. A bit weaker midmorning, and some of these asian currencies are just getting traction. That takes into commodities. Have a look at where we are. Mostlyger picture is positive but oil prices are very much in focus ahead of the meeting. Oil prices have rallied, the longest run of monthly gains in a half decade. Certainly the question i
We are streaming on your mobile and bloomberg. Com. There has been Economic Data coming out of japan in the last 30 minutes. We have had rosalynn taking a look. One key surprise, industrial output beat expectations. Not a huget was up amount, but still better than the forecast which was for it to fall i 1. 5 . By 1. 5 . This came as a surprise because economists have seen april is a week month for weak month for output. This was seen as perhaps a factor that could have affected just your production. It looks like he did not affected as much as some thought it would. There was also some flash manufacturing pmi from may that came out last week that pointed to a weak performance. Are from the data today that the picture does not look as bad as expected, at least for industrial. Angie also job figures. Showedd jobless figures up limit was 3. 2 , in line with excitations. Expectations. Also that is no change from march. The job to applicant ratio previously, and now it is 1. 34. The labor m
Sailing into stormy waters. More territorial tension between hanoi and beijing as china launches naval drills. Sovereignty their is being violated. You can follow me on twitter. Dont forget to include the hashtag trending business. China and hong kong markets get underway in 30 minutes time. Singapore, taiwan, and my later have come online. Lets go to david. David we are looking at declines in the early hours of asian trade. It is hard to not figure out what the next catalyst will be that drives equity to the upside. Volume is dry. The u. S. Was closed overnight. The jobs data is coming out. Equity markets, which have enjoyed a fiveday run are having a bit of a blowback right now. The rba trade numbers and retail sales are due out in 30 minute time. Asia looks like this. Down. 33 . These are the mining stocks. Going the opposite way for obvious reading is obvious reasons. Have a look at silver. Have a look at gold. Platinum also. Silver touch 21 yesterday and this is where we are havin
Attracting overseas investors for the first time in history. A singaporean is buying a 49 stake. Do let us know what you think of todays top stories. The china and hong kong markets get underway in 30 minutes, but singapore, taiwan, and malaysia coming online. How is the trading week shaping up so far . David extending losses from friday. We went into the european session, more weakness came through. This is what we are waking up to. Overall, the benchmarks down for a second straight day. Not the declines, primes are not quite there as well. That eating said, we are watching a few things. Singaporehailand and exports due out. South korea the only bright heaviest weighted stock of the index is up. 5 . If you look at what samsung brings to the table. You take it out, that index will show declines. There is your price for samsung electronics. , weency markets, dollaryen should be near session lows at the moment. We will be getting the speech at 2 30overnor kuroda p. M. Local time. We are