Jinping hail some a success despite the threat of syria and north korea. A big week for markets as we get underway, not the best. A decenthaving session, but currencies commodities, a lot of event risks. Have a look at my bloomberg. It is 7629 on your bloomberg. , the benchmark across asia, still close to 2015 highs, but the box top right, things starting to rollover. Indicator, monetary conditions in china, something to watch, key inflation data out of china and new credit data as well. You have a Rate Decision out of south korea. Lets look at south korea south africa. Gr on your bloomberg. Watch south africa very closely. Downgrades,atings s p and fitch, last week. They are saying you have to watch out for more outflows as people are forced to pay back their positions if you are investment hold grade. South africa wont be one of them. We saw the bonds and the brand getting hammered and the rand getting hammered. We are 30 minutes away from the open in china and hong kong, singapore,
Good tuesday morning. Welcome to squawk alley. Jon fortt has the morning off. Dow is down almost a hundred. Almost all of that is gold aman and j j. The president expected to sign an order today. Hell tour the factory in wisconsin. The order targets loopholes in rules requiring Government Agencies to buy american. The Administration Says there are too many waivers in those rules tucked inside the free trade. The move is praised as a smart step. Second part of the order deals with immigration directing Government Agencies to root out immigration fraud and the white house also wants to move away from using a lottery to help decide who gets an h1b visa. Tech ceos have pushed back on this issue. Bill gates, elon musk have been discussing this with Jared Kushner and the message to the president on h1b, mend it, dont end it. Back to you, carl. Well come back to you for more. Todays order will have ripple effects across the economy including some of the biggest tech firms in Silicon Valley. P
Growth has picked up slightly this month. Asia is back in the black lit to cheap fuel. D by whats going on in the broader region . Lets find out more. Asian stocks are gaining. Gain, another day of gains thats after four weeks of losses. Asian stocks have been on a tear, getting cues from the u. S. As we saw record highs there. The u. S. Is closed on the holidays for thanksgiving. The nikkei is up. 6 . Data this morning showing that came in line with estimates, another month of deflation for october with the cpi falling. 4 . Seven days of consecutive gains and now near overbought territory on the rsi. The asx 200 of. 4 and data from new zealand showing the trade data narrowed. The kospi, not a lot of movement but remember its been a very brutal last few sessions for emerging markets. We will see how they trade throughout the day. Malaysia is unchanged that remember the ring that has seen quite a beating from the surging dollar. Lets get a check of the dxy. It is surging after taking up
Im Francine Lacqua. It is an extremely busy day. Lets get straight to the markets. We have the fomc meeting yesterday. The fallout from that and the fact that investors had to read price their expectations of a possible fed increase in june. A lot of the immersion marking currencies emergingmarket currencies are down. 0. 6 . Down travelf the focus is on stocks. A lot of the airlines the stocks are going down. News,we had that terrible egypt deploying naval ships to search for this egypt airbus. They went missing overnight. We have news that it may have crashed near one of the islands in greece. This has not been confirmed. Highlymeantime, i suggest if you are a bloomberg. Go to live gordha this is our uptotheminute blog. There is a press coverage an hour and a half from now. We keeping uptodate with the and the crisis meeting that france is having. Nejra the missing egypt air flight from paris to cairo reportedly crashed in egyptian airspace. A320 came down there a greek island. Commun
If overnight was any guide, it could provide a little bit of a stop here. Guess just to show you how uneventful things are, if you look at the 10year yield, 1. 5 . Little change. Not a lot. Moving sideways across. Equity space, as rishaad pointed out, is mixed. Put it together, it is as flat as you can get. Now. E at zero right regional benchmark volumes light, especially in chinese markets. Hong kong, chinese mainland, down 7 10 of 1 . In the epic space, movement. Currencies. At kiwi dollar, lower. 70 70 1 chance overnight swap. Moves to cut rate in august so that is being priced in. Have a look at the aussie dollar, 1. 2 drop. Basically, flat. Other where we have a little bit of movement strengthening here. Following the fixing from the pboc. Not the Biggest Surprise but i mentioned a strong dollar earlier, a strong dollar story overnight. Level judging7 by this move that surprised some people. Isething you want to watch how do the Central Banks and policymakers control Property Mark