Of the biggest trade disputes in history. Tech earnings avalanche with microsoft, facebook, alibaba, alphabet, and amazon reporting. It is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Investors are betting on an expansion in corporate earnings. Asia up 8 this year. Let me show you the broader market. Let me give you a quick tour, asian equity session higher, led by the kospi. China down 1. 2 . To theto your attention Foreign Exchange space, the yen the study after the boj clarified comments on friday. Japan still getting its head around a stronger yen. Big moves in the swiss franc sanctions are expected from the united states, and in aussie dollar retreating from iron with losses in ore. , a squeeze concern on the supply side driving price gains. And showtch the board you the Energy Trades with brent crude specifically, still the years aslose in three hedge funds increase their bullish bets to a record high. Up. 10 year, we ha
Is the context here. Stocks are a little bit lower, but its from elevated levels. Interest rate sensitive stocks are leading declines with bond yields pushing higher today. To put it in perspective, we have seen an enormous rally already and stocks thus far this year. Take a look at the bloomberg with the s p 500 up 7 . We have seen 2 trillion added to the value of u. S. Stocks alone, not even global stocks. That is the most on record. We have seen a lot of wealth added as a lot more people have been piling into the market this month. The pullback today, take it with perhaps a grain of salt. That said, there are some interesting downward movers we should point out. One of them is apple after a report that the company is going to cut in half its Production Target for the iphone x in the three months from january in this quarter from the figure of over 40 Million Units it had projected at the time the phone came out in november. The shares getting hit on that. Wynn resorts following 10 o
Im Richelle Carey this is al jazeera live from doha also coming up supporters a kenyan Opposition Leader are waiting for him to take a symbolic vote as the socalled peoples president. Dozens of saudi princes and top business men held in a corruption investigation have all been released from captivity at a hotel and riyadh. And no more anonymity the south korean government cracks down on the trade of digital currencies. By russia on the syrian war have been delayed in sochi the meeting is due to began earlier on tuesday but its been postponed to move reports of differences between turkey and russia their Foreign Ministers have spoken twice already in an effort to bring all parties together on the table about sixteen hundred syrian businessmen politicians rebels and member members of Civil Society work and bided to the black sea resort town of sochi but the. Main opposition groups are getting ready for that meeting so a small section of the opposition groups here are in sochi are refusin
Is. Also coming up fighting escalates and gehman as the session his fighters take over much of the Southern City of. Thousands of opposition supporters rally in nairobi as kenyas shadow president has been officially sworn in after a controversial. Times the only moment volley in pennsylvania was some of the u. S. His first steel mills were established one year old do voters feel donald trump has lived up to his promise to make american industry greater. Russias efforts hosting talks on serious political future they have been off to a rocky start in the resort town of sochi as foreign minister was interrupted several times while he read a message from president Vladimir Putin to the delegates oh i oh sorry opposition members. Are bombing our people as an important ally of syrian president Bashar Al Assad syrias main opposition groups and the kurds are refusing to attend the talks she would just use for the middle of a new slow youve got the will today we have all conditions to turn the
Segregated away from the banks own resources . For the benefit of my colleagues, i suspect on any given day were talking a couple hundred 200 million oh, big numbers here. 200 billion in resources on any given day. Cue enlighten us a little on that, chair, please . Well, the leverage yashratio was meant to be a nonriskbased measure that are carried on a banks Balance Sheet and that includes derivative transactions. Its not clear for many kpdz the leverage ratio is whats minding riskbased capital standards in many cases, but this is something were having a look at. I recognize its a concern. Its something the Basel Committee is discussing and trying to gather Additional Information on what impact its having. And it is something that is very useful to put on the agenda that we will have a close look at. Thats all i can ask, chair, that you work with our friends at cftc and foreign regular later friends to come up with an approach. 200 billion that cant be touched by the banks but yet you