Much bigger problem. Hello and welcome to daybreak asia. Im in haidi lun. In newim betty liu york. Some investors here watching the and saying is that a ticking time bomb that eventually will go so high that it only has one direction which is down. And big correction. So far, so good. I want to pull up a chart here. What is so fascinating, the vertical lines that you see represent days when all three indexes, the s p, nasdaq and dow, reached records. Take a look at how many of those days we have had in just the last four months of this year. We kind of took a break in the middle, and big gap but look at this as we continue to head towards the end of 2017. No doubt a big santa claus rally, right . Haidi absolutely. You look at that. I know we get the occasional pullback but for the large part it is defying gravity. It feels with the momentum building intoit feels with the m building into tax, we will get something before christmas, that we are squeezing everything out of visible run bef
Rishaad a day of optimism. Record highs again for the big three. We will go into detail on the little later. This is an ultimate trading week of the year. We are malaysia, taipei, singapore, all starting the session. Positivity being the watchword. Sophie it is the watchword, indeed. Climbing in sydney, singapore, but malaysia is coming online in the red, down. 5 . Take a look at the big picture. We have bonds on the retreat. Currencies are mixed. Gameng on to last weeks gain. The korean won is leading gains. Is sticking and a narrow range. Japanese stock is fluctuating this morning. Cindy shares headed for the strongest growth since january 2008. Little change after the rba meeting minutes. Seeing we could also be we have not seen these levels since 1991. Sophie when you take a look at the big picture, when you take a look at the japanese equity contribution to the regional index, that will help fuel the fire for the regional benchmark to surpass last months record. When you take up t
Economic houses in place. Theres seeing property is the biggest threat. You may have seen a glimpse of what is to come in 2018 and the treasuries market with that yields surge we saw today. A lot of nervous investors around how much the yield curve has flattened in the face of more positive economic data. I want to bring up this chart really quickly, which shows how much a yield curve has flattened. It is headed toward that in version, usually points to an imminent recession most times. We heard dow fed president fred kaplan say thats usually the ase, how you determine flattening inverted yield curve, and why this time would be any different. That has a lot of investors nervous, are we going to see some sort of tantrum in the bond market . That would be quite shocking to the market. It has been interesting, too, what weve seen overnight, not just the 10year come the 30year. Reform . Signal of tax could we see some type of Economic Growth, or are we going to reach your end and see this
Keeping an eye on some of these gaming stocks when the session comes alive and a half hour. The situation when it comes to massmarket vs vip. Turquoise is the color for the mass gaining market. To itsprofits surge highest before a chinese ernment correction government corruption crackdown. Two years before restrictions sent profits tumbling. A sign that the industry could be singing these records again next year, before hitting a new peak in 2019. Expected policy changes out of beijing could be the major headwind. Revenues could rise 14 next year, according to our survey. The ip gamers expected vip g expected to be the key driver. We will have a look at holdings when the session gets underway. Haidi just in time for the holidays. Going into Chinese New Year as well. It is interesting, that breakdown. They are expecting a expected ty pickup in the vip and also massmarket. It is an interesting session, a subdued session when it comes to equity leads, getting closer and closer to the chri
Asia. Rishaad starting the program looking at the major benchmarks around the world. Index, lets have a look at what it has been going on since last anywhere he. January. White, last january. The green line, looks at the magnitude and speed of price fluctuations. 70 seems to be overbought or undersold. And we have the world index, showing the euphoria around the world is gripping the whole world, as opposed to just the msci emerging markets indicator, purple. And then we have the asiapacific index, the secondmost overbought one as well. There we have it, heidi. The party goes on for the time being. Heidi do these technicals part of something that could be in the way of a correction . Europe might be the only one that has a bit of room to move. A number of key events could pull this different directions. The u. S. Laterin this week. Japan is back in trading action after the threeday break. 24,000, Japanese Equities looking at the highest since 1991. Take a look at the action. We will se