Just a little ways from the open here in hong kong and shanghai. A bit of positivity for singapore. Whats the mood like . Have one market that is already closed, new zealand. Volumes are quite thin. Theres not a lot of appetite to take big bets ahead of the new year. Have a look at new zealand. Extremes,ot of especially across assets, if you will, in the past several weeks. We scaled back from those extremes when you look at gold, which fell to a 10 month low. It has recovered quite a bit. In australia, gold miners are on the way out. Its close for the day. It is clocked in. Its fifth straight annual gains. That market is quiet and we dont talk about it a lot because it is quite small. A nice rally the past 15 years. 11 of the past 15 years, we have seen markets here at five straight into this year. Australia has a short trading session p. M. Korea is already closed for the year. South korea just managing to buck the trend. Overall in east asia, the second year of gains in south korea.
Agrees to buy a company for 5. 5 billion. Right, half an hour from the start of the trading week. No trading in the u. S. , Martin Luther king jr. Day. In japan, machinery orders better than expected, the ppi,cer price index, factory gate inflation better than predicted by economists, but still in negative terrain for december. But see how the markets are tracking. David. David thanks. We are looking at a mixed bag. Markets just opening up, taiwan, malaysia. Have a look at singapore. One of the better performers performingthe best market in asia save for the philippines. Mixed. Ight times index,verything else canceling out japan pulling things down, australia, flipped the board, some other benchmarks at the moment. Australia, that comes down to the fact you are getting a decent bid when it comes to the mining stocks, japan, strong japanese yen weighing on that index. Assets. Ook across 1. 20, roughly at those levels. Dollaryen, still close to session lows, 114. At 2. 4 yields unchanged
Merge with essilor in a 53 billion deal. It is 8 00 a. M. Across the emirates. I am yousef gamal eldin. Shery i am shery ahn in hong kong. Welcome to Bloomberg Markets middle east. Risk off sentiment, everyone crowding the dollar again with the index up. 4 and the japanese yen strengthening for a session. Secutive a different story for the british pound after breaching that 1. 20 level for the First Time Since the flash crash. That happened during asian trading, so we have to keep an eye on that british currency. Yousef it is dead center in focus. That is what we can say. The british pound and the beating it got off reports that theresa may is seeking to leave the single Currency Union there to regain control of the borders for britain. This is the chart that puts it into perspective. This is a story that goes back to june 2016, every time theresa may spoke, the pound lower. Vote, then theresa may takes power, then their reaction to the speech in october, reports they will seek a hard
Outperforming domestic market Oriented Company since january. Thatit comes to stocks could gain the most from buybacks, that would be the result of repatriation of funds. When youthing applies go to companies that would benefit from high taxes or could get hit from high tax bills, compared to those against the lower tax companies. And that ratio of companies, you goingeing they have been down. Since january, we have seen this not being priced in. What actually led to this selloff on wall street . There is one explanation. They are saying the following fridays option, we could be seeing and in balance. Means is markets are free to move again. On trump or the white house or his potential policy changes because this may have been priced out of the markets already back in january. We will have more on the markets and the breakdown of everything happening here in asia as well. For now, lets get to first word news with heidi. Haidi. The market has fallen, the biggest drop in more than three
Outperforming domestic market Oriented Company since january. Thatit comes to stocks could gain the most from buybacks, that would be the result of repatriation of funds. When youthing applies go to companies that would benefit from high taxes or could get hit from high tax bills, compared to those against the lower tax companies. And that ratio of companies, you goingeing they have been down. Since january, we have seen this not being priced in. What actually led to this selloff on wall street . There is one explanation. They are saying the following fridays option, we could be seeing and in balance. Means is markets are free to move again. On trump or the white house or his potential policy changes because this may have been priced out of the markets already back in january. We will have more on the markets and the breakdown of everything happening here in asia as well. For now, lets get to first word news with heidi. Haidi. The market has fallen, the biggest drop in more than three