A very big deal because you know Financial Services actually make up a 5th of hong kongs g. D. P. So losing billions of dollars especially to a rival Financial Hub is going to put a dent in their reputation as well and was still in the financial standing as well with lowering its Credit Rating for hong kong now meanwhile over here in singapore all Wealth Consultants are receiving an unprecedented number of inquiries from wealthy families in hong kong to not just move their money but themselves and their families to singapore and its understandable a lot of 8 all of these asian fam wealthy asian families are feeling for the stability all their money in an unstable city well if the the situation in hong kong comes down is it likely that the money will flow back. Well the fact that a lot of these clients are looking to start moving their money or we shows that the looking for hong kong to suffer for quite a long time but theres another reason why hong kong wealthy families are upset and t
A very big deal because you know Financial Services actually make up a 5th of hong kongs g. D. P. So losing billions of dollars especially to a rival Financial Hub is going to put a dent in their reputation as well and was still in the financial standing as well with that you know winning its Credit Rating for hong kong now meanwhile over here in singapore all Wealth Consultants are receiving an unprecedented number of inquiries from wealthy families in hong kong to not just move their money but themselves and their families to singapore and its understandable a lot of 8 all of these asian Family Wealth even families are feeling for the stability all their money in an unstable city but if the the situation in hong kong comes down is it likely that the money will flow back. Well the fact that a lot of these clients are looking to start moving their money always shows that the looking for hong kong to suffer for quite a long time but theres another reason why hong kong wealthy families a
State of negotiations as the fateful date approaches beginning in the business mind set lets go. A new trade deal between the United States and japan in the midst of a lingering terror fight between the Trump White House and china and dismal prospects for a new nafta leader global report today the Trump White House announced the signing of the preliminary pact on wednesday hailing new Market Access to japan for us i grew cultural producers a summary from the office of the u. S. Trade representative claimed that the terms of the deal would allow 90 percent of us agree cultural exports to introduce a pan either duty free or with preferential treatment on the other side of the ledger some 40000000. 00 japanese products to the u. S. Will receive similar preferences some digital video books and similar products from both countries would also receive preferential treatment but perhaps just as notable was what was left out of all the paperwork and discussion and. A mention of u. S. President
They are working around the clock to get these machines online. Juliette the u. S. Announces a trade deal with japan. The boe stays cautious as the brexit outlook remains uncertain. There is such a long way to go. Juliette plus a special bloomberg series highlights Climate Change. The average global temperature is going to go up a lot. We have to take global warming, have intensive Climate Change policy. Policy shifts being made are creating new markets. Juliette it is all straight ahead on bloomberg best. Juliette hello and welcome. This is bloomberg best. Your review of the most Important News and analysis from around the world. Lets start with a look at the headlines. The week began with a geopolitical shock that jolted oil markets while raising tensions in the middle east and beyond. Saudi aramco, Oil Facilities hit by an airstrike. They have cut saudi arabias will production in half. It hit the worlds biggest will production facility. Rebels in yemen claimed credit for the attack.
Next week. The brexit drama. Boris johnson skipped a News Conference as his host says the u. K. Is not serious about talks. Shery lets get you started. We are seeing u. S. Futures slightly higher by. 1 . This after the s p 500 slumped the most in two weeks. Coming after President Trump announced an initial trade agreement with japan. When it comes to the safe haven moves we saw in the last session, we had wti crude higher, the biggest gain since february of 2009. Those are being reversed with gold futures getting pressure, down. 3 . Not to mention, wti holding above the 60 per barrel level but still under pressure, down 1. 5 , this after jumping 13 in the previous session, given the previous attacks on saudi arabia and Oil Facilities. Lets see how things are shaping up in the asian markets. Sophie there may be impetus for Risk Appetite after the mixed session we saw on monday when Energy Shares rallied while Financial Firms led declines. U. S. Japan lines on the trade deal being narrow