All right, this is a shock or block week. But thisa note that suggests that these markets are moving high. Becausehave good reason earnings have been so impressive so far, really big ones dominating the agenda this week. Ish, we are looking at crucial levels when it comes to stocks in hong kong. Rishaad absolutely, looking at what happened with these shares, these Chinese Companies trading in hong kong. We want to bring up gb tv 9440. Investors bid for these underperformers. This is a third of the companies on the hang seng. They are racking up fresh one year the biggest proportions says that 2014 stock bubble. We are seeing some of those cheap banks red hot. These fresh highs are being hit last week. That is what we had at the moment. H, in terms of the other things on the agenda, we have yellens swansong and watching what the fed does. We are just watching what happens as jay powell takes over. The pmi is expected to hold steady. Lets look at markets because we did have u. S. Stocks
Polish counterpart. A very warm welcome to bloomberg daybreak, right here in london. I am anna edwards. Yusuf, good morning. A substantial moving the dollar against other currencies. Yousef we brought this chart. You can pull it up on your bloomberg. That is your line in white. We contrast it with treasury yields. For thosea revert bond investors. The worst bond rout of 15 years. That is a 23 basis point move we saw in october. Anna some of the weakness we are seeing in the treasury yields overnight seems to be driving a little bit less demand for dollars. Lets bring up the risk radar just to show you the threats about movement we have coming in. 0. 5 ,llar index down by probably against other currencies. The euro, the yuan on the rise. The asian equity session is pretty good. Asian stocks moving higher, japanese stocks moving lower. Down by that futures 0. 3 . 47ef brett currently at and . 20. The concerns around the opec meeting, rna or are they not going to reach a deal after report
It has just gone 6 00 here in london. Manus i am manus cranny in the in dubai. A shift in the risk sentiment. Anna gaining momentum over the weekend with the latest polls which put the remain camp three points to six points ahead of the levers. Lets go to the risk radar and show you what is going on in Foreign Exchange markets. This is very much the brexit story, the antibrexit story. Rally in spurred a highyield currencies, up by point at 1. 459 3. The aussie, the kiwi, emerging markets, the euro, all of these getting a little bit of a reprieve because of the polling. The expression of risk sentiment that we saw last week in the pound versus the yen, that is reversing a little bit as well. In there as well, the indian rupee. Over the weekend, we heard that rajan is going to be leaving at the end of his term at the end of september. The r. B. I. Selling dollars. That is according to traders in india this morning. Manus lets talk about some of the other Asset Classes. 2year notes, the y
That is tomorrow. Manus you are welcome. It is monday morning, it is countdown. Pound, are net short the and they have been for many years. We are around 129. 20. We are near a 31 year low. Net position isnt short as short can be. Post brexit, the morning we woke up, 127. 98. 10 sayne dollar 1. 10 is on the way. We have been rising for five straight days, giving a little back. Parity is on the way by the end of 2017. Have a look at the risk radar. Oil on the move, gold on the move. Chinese stocks hitting a sevenmonth high. Not much owned, not much love. 39. 29. Real estate Property Companies are headed for the steepest two day rally in almost a year. We have more from asia. The Saudi Arabian oil minister mentioned last week in a statement action to stabilize the market. 47. Is trading above 50 is on the way, that is what the market is saying. We have had two days of negative positions. Thats a longs on gold have now dropped. A lot to play for in terms of this week. We will have a razor
Dip on concerns it cant maintain the momentum. Jpmorgans jamie dimon outlines his take on the brexit in his annual letter on the outcomes of an eu vote. Large and potentially unknown. Welcome, it is countdown. I am manus cranny. Lets get into the clear message the fed wants you to get. There will be a rate hike this year, a dovish janet yellen, the minutes confirm everything we heard, and mr. Bullard says there is a debate, but if you look at wrip, a rate hike in the usa, that is not on the cards anytime soon. By december, 53 . The dollar is down. That is the message from the fed. Get it and get it clearly. Global concerns will trump the domestic issue. The s p had biggest rally. , the biggest rally in almost four years. What you have here is volatility dropping. There is another story, 1 trillion worth of stocks being shorted. What happens at the u. S. Equity market really takes flight. As talked about dollar again this about dollaryen. The dollar lost 6 since the fed raised its rates