Not as strong as it was. And the big loser, leading investor in the u. K. His Flagship Company taking o big hit in the last two days. Follow me on twitter. Trending business. We have taiwan, singapore, kuala lumpur coming online. This is the storm after yesterdays calm. David that is what we are seeing. Asia is rejoining the global south. Cell. This is what we are seeing across the asiapacific. Trade down over 1 , the is short in equities. Highyield inil, currencies. If you go long on gold, you go on sovereign bonds. One hour in, we are looking at over 100 billion in market caps, since the open in tokyo. As far as the biggest decliners, take your pick. We are watching financials very closely, following the cell off selloff. Lets look at the damage across different sectors of financials. We had a line coming through on the terminal. You look at the prices from we are looking at the cost to ensure. Off a couple of basis points depending on which country are looking at. That adds to the c
Bloombergs European Headquarters in london. We have a great show for you. We Start Talking about the markets. At 9 30, we launched brexit whats next, our new show. Today we speak exclusively to the former italian Prime Minister, mario monti, and labor mp chuka umunna. Lets check on these markets. It was a spectacular, seeing all the movement. Over in the u. S. , we had record highs on all three indices. Economyning, the german slowing less than forecast. Stoxx 600, pretty much flat. This is the main picture we are looking for. Crude oil, for 3. 63. So much speculation on what opec will do. We do kick off our brexit show later on. Euro might be important as we take stock on what the price of oil means. Lets get to the bloomberg first word news with nejra cehic. German nejra German Growth slowed less than analysts predicted, 0. 4 in june, twice the rate forecast. That signals the regions largest economy may be robust enough to handle the fallout from britains decision to leave the Europe
Headquarters in london. We are just getting some breaking news out of the International Energy agency. They are one of the best barometers to understand the supply and demand balance when it comes to oil. They are seeing market rebalancing despite the record gulf production. Yesterday, we found out that we understand saudi arabia is pumping at record highs. Put it against the disruptions we saw in venezuela and nigeria, and that stockpiling the u. S. Which beat estimates, and this is a picture for crude. This is brent. States iswti in the still below 42. Iea saying the market rebalancing is happening despite this Record Oil Production from the gulf. What they mean is saudi arabia. That is nymex. Lets get straight to the rest of the markets. I wanted to show you the new zealand dollar. We are seeing that higher. Pound below 1. 30. We had some disappointing news for the housing market. Lets get to nejra cehic. Look researched to a oneyear high after the reserve bank of new england cut ra
Launchpad for spacex. Follow me on twitter at rishaadtv, and use trendingbusiness. Some disappointing manufacturing data. Asian equities muted ahead of the employment number. Not the best friday for markets. Downside this morning, malaysia and taiwan coming online with a pop. Singapore is off by. 25 , malaysia slightly higher, and has moved tospi the upside. Thead the revision from bank of korea for secondquarter gdp, rising to 3. 3 year on year thanks to a rise in private consumption. Construction investment of 3. 1 . That lifting the overall figure slightly. 225, weakness, down by. 1 , the yen Holding Around that 103 level. Downside from some of those car players. Tokyo dome up by 4 . Australia the worst performer, not surprising that we see more downward pressure on oil, the flight to safety, so all in all, stocks looking strong. Regis resources and Evolution Mining up a by 7 , so that flight into gold. We do have Consumer Sentiment figures from japan later. Rishaad thank you for th
Four other is he currencies, the yuan joins the imf. The china and hong kong markets get underway and 30 minutes, but singapore, taiwan, and malaysia are online. Juliette it has unraveled. Seen negative sentiment flowing through from wall street. It is all and the red at the open and asia. The asx 200 down 1 after gaining for two consecutive sessions. Falling, down almost 1 as well. The nikkei losing 1. 6 . We had some industrial data out of japan showing that industrial output rose 1. 5 month on month in august. That beat as to mens. Not to mention the boj statement toing that the boj will try look at the yield curve control at every meeting they have. Still, japan Consumer Prices fell for a sixth consecutive month. All sectors in the red right now. Financials leading declines, falling more than 1 , 2. 4 . This is despite the fact that the yen has been weakening. It has seen its longest losing streak in almost a month there, losing ground now for a fourth consecutive session. We had s