Result. A bank may move its headquarters from london if britain decides to walk away. Follow me on twitter rishaadtv, include trendingbusiness. Straight to the markets, jitters out there. A few hours from the historic vote in the u. K. People start voting and about four hours. Is there an overriding sense of fear . David caution is a better way to describe it. There is some level of restraint. There is only one game in town. Inflation out of philippines, singapore, but none of that matters if youre looking to arbitrage these exchanges at the moment. It is about the u. K. Referendum. Volumes belowxed, recent averages. Some of these thats have piled up a little bit in favor of the u. K. Remaining in the eu. Generally speaking, the past few days have seen funds go overweight in terms of cash. Have a look at what is happening dollaryen, va doing this. We are closer to the high end of the range. How do you trade this . If the u. K. Votes to remain, how do you trade that . So the yen if you
You look at volume today come almost nothing, maybe 20 , 30 , 40 lower than what we are used to seeing at this time of the day. Have a look at malaysias reopening. We are seeing a big climb across palm oil futures. In kuala lumpur, we are looking a 4 drop. Op. We are seeing declines today. The action is really coming when it comes to the bond market. Again, we are pushing towards record lows again. It depends on which when you look at. But that twoyear in the tenure, those are at record lows. The fiveyear, the tenure, and the 30 year are there. Just a few minutes ago, the auto just out. Of china 19. 4 increase year on year. Keep in mind, we have a lot of data coming out of the chinese mainland. What is in store and why markets are cautious, not just because of the jobs data. We have a lot of these things coming through in the next few days or so. Sunday, he have inflation data, all the way until this time next week when you have the third line. Secondquarter gdp numbers are due out. Th
Matt yeah, i am actually going to try to pull off bunds, as i suspect you will see an impact. Not as much of an impact, but it could be that we are currently finished with trading. Right now, obviously, 5 00 here in london, 6 00 on the continent they do not open until 8 00 p. M. It looks like they have finished trading for now. For the day, a drop to negative 0. 145. Oliver we can scarlet we can track the yield on the 10year. It is at session lows, dipping to 1. 4612 percent. We are at session lows. However, you are looking at the s p. Oliver the s p got a little bit of a pop in the last 10 minutes. We are at a bit of a rally this morning, but you can see this kind of pop. This will potentially bring more loose money into the equation. We have seen that with fed funds going to zero following brexit. Were back to the situation where, guess what, maybe this is in a perverse way good for equity markets and good for people that want to see continued accommodation from Central Banks around
A very warm welcome to countdown. Manus i am manus cranny. Bold and broad, the words from shinzo abe . We are talking about a blockade. Im talking about a blockade, and thats the mental blockade. We are off a 2. 5year high. In market position dollaryen is as long as long can be, the longest since december of 2012. With moregot abe political brute force and the ability to come through potentially with a ¥10 trillion to you that ise with the market is potentially going to look at. All of this plays into the psychology which is, are we long and wrong, and will houston was package from abe stop this march of the yen . Anna what does broad and bold look like a . We have had that since the beginning of june. Lets have a look at the risk rate. Onery strong jobs report out friday. We saw the s p on friday flirting with a record close. 287,000 jobs. Weve got gold and silver near twomonth highs. We put in the emerging market currency, and we particularly like the ringgit. Its the better perform
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