Bloomberg it is considering options. Rishaad another official enters the race debate. Uncertainty might mean only two hikes this year. The earnings season. The banks are in focus today. Storyg possibly at a big as more people look at the glass as being halffull when it comes to reflation trade. Haidi if the impetus is u. S. Stocks we seem to be taking that and running with it. Seeing a rebound when it comes to japanese markets. Changes, from donald trump would be nice to have rather than must haves. Something the markets are digesting right now. We are 30 minutes away from the chinese and hong kong open. At howtaking a look things are going. It looks, from donald like investorsnice to are running with that glass halffull idea. We have stocks in taiwan, and malaysia coming online in the green. Malaysia snapping a fourday drop to add 30 at the open. We do have Southeast Asian onrent sees the ringgit the retreat today. The thai baht is down 0. 2 in the korean one also down about 0. 2 as w
Economy is weak and vulnerable. Angie welcome to Bloomberg Markets middle east. We are seeing yen weakness drive the market, but it was the janet yellen comments that impacted not only u. S. Markets, but we are seeing that in asian stocks today. That is what is playing out here in asia, what is playing out in your neck of the woods . Yousef we are keeping a close eye on what is happening in audi rate yet as they prepare for the First International bond sale. What caught my attention this morning is what is happening with of the liquidity situation in the kingdom. Take a look at this chart. Youre looking at a three month side for. This is how much they charge each other for lending. We also added the type or and ibor and inner sa bank rates. Theyve already invested an estimated 5. 3 billion. Your sing deposit ratios up to 90. 8 does 90. 8 since august. How much more does the countrys central bank need to do to relax some of those nerves . That is what we will be looking at throughout th
The stakes are raised in tabcorp with reports tatts a major player may enter the game. 30 minutes away from the start have atrading day, lets look at what is happening. Haidi it is all about the oil patch as we head into ministersns, oil flying to russia for talks, saudi arabia saying a supply cut may not be necessary. That has taken some wind out of the recent rally in crude. Wti falling over 4 friday, extending losses. We are holding above 45 a barrel, but just. , 46t looking similar, off tilde . 67, so it is about the energy space. If we do get that supply cut announced and the details come through, markets have priced it in. If you look at where we are sitting three months out, weve come off that rally builtin after we started hearing about these potential supply cuts. This is what we are looking at in terms of the broader markets, a mixed picture, but the wind taken out of Japanese Equities. The nikkei 225 close to session lows. The topix snapping its streak of gains on account of
Biotech giant actelion while hedge funds continued to bet on a rival offer from Johnson Johnson. And president Francois Hollande names a new french Prime Minister. Good morning, everyone. Louisa is out at a conference today. We have a jam packed show for you. How about we kick things off with a look at the European Equity markets. We are slightly higher for the stoxx 600. Yesterday we shrugged off the italian no vote and renzis resignation. We are seeing weakness in copper prices, crude prices down. Lets see the xetra dax is comfortably higher to 0. 2 . German Industrial Orders were up by 4. 9 in october. The biggest rise in more than two years. The cac 40 pulling up to a quarter of a percent. The ftse mib, up by 0. 9 almost, this is after yesterday saw some choppy trading. At one point the market was down 3 , up by more than 1 . It finished the day lower by 0. 2 . The italian banking stocks came under severe selling pressure. In terms of the sectors, i mentioned it before, were seeing
Bloombergs european and quarters in london. First we have to get to the markets. This is your board. Downsidelittle bit of pressure on these european stocks, down some 0. 4 . Exchanges in austria, germany, denmark, norway, are closed for a bank holiday. This is a picture for the asiapacific index. We had some earnings that came in a little light of forecasts. Overall, the rebounded. , japanesew japan falling, Commodity Prices rallying, with crude at 40 . 85. Lets get to the bloomberg first word news with nejra cehic. Nejra norways 850 billion wealth fund will seek to join a classaction suit in germany against volkswagen following the emissions cheating scandal. Vw andd owns 1. 64 in said it is acting to safeguard its holding in the carmaker. May delayaway increase untile later in the year according to pimcos head of Portfolio Management for emerging asia. That comes as britains biggest s news lobby group cut its forecast for the u. K. Economy, saying the Eu Referendum has put a cloud o