Cost outright outweighs any potential benefit. Yousef it is 8 00 a. M. Across emirates, this is Bloomberg Markets middle east. David i am david ingles in hong kong where just got past noon here. Theets are just entering lunch break. I am looking at my bloomberg gmm. I will give you an update of what is happening across markets. We are seeing markets in china down by seven 8 10 of 1 . When you look at what is happening in the bond space, there we go. Yields are on the way down across the board. Here in the asia specific asiapacific. We are seeing money coming back into the bond space. This very quickly. This is what i want to call this chart. Is speaking by the oil story. Normalized after friday. You have the aussie dollar and geoPolitical Risk being built in. South korean won is one dollar. There we go, 9848 is the normalized figure on that. Reverberatingff, a cost asset market we are just under two hours away of the opening of the emirates market. And was the state of play the gcc ben
Nuclear deal with iran. Welcome. Were at the minsk foundation. Imoon here in hong kong, angie lau. Angie, welcome. Were at the minsk foundation. This is all part of the deputy crown princes objective, communicate with the youth of saudi arabia, join me in the grand bargain that is a reformation of the future. Its about technology, education. Butave a great show for you lets get to Global Markets have a look at the inflation trade. Thought this was interesting inflation protected assets are outstripping lows that are inflation affected. A paradigm shift. Bonds have delivered nearly 60 we are talking about a paradigm shift in the bond market. Have we gone too far, too fast . Thats the debate, checking in on the middle east closures. Youve got a couple scenes at play. Funding rates are dropping for the 12th day, saudi stocks recovering from a bear market. And the investment, the wealth fund may be selling. A bit of a move on the emerging dubai down and abu dhabi down. Those are the big th
Reporter we expected to see a little bit of decline coming through in Japanese Equities, however it is worth noting around this time yesterday we were seeing Japanese Equities in the red and they still managed to close higher. At the moment the yen strength pushing the nikkei down by. 2 . Theres been a little bit coming through in the kospi index. This is on reports that they have been oversold recently but also as we saw in china increase the parity today we actually saw that rise in the yuan six. So we are see manager support coming through for some of those korean cosmetic companies which many chinese mainland buyers buy into it. Looking at the hang seng, it is flat there. We are still seeing a sthrong rally coming through from casino players. Remember mgm china and sands looking good. In australia, youre seeing banking and Health Care Stocks lift the asp 500. A little weakness in new zealand. Jakarta opened fairly flat, the hang seng just now turning into positive territory. Ets lo
Shenzhen link opens today. Gone . Is pokemon its rival leaving pokemon in the dust. Rishaad the currency markets, that referendum, italians voting no to thengly, 59 , constitutional changes. Haidi we were expecting a tighter race, but a decisive outcome came in quickly. Take a look at my bloomberg. This shows the plunge in the euro to lows we have not seen since march 2015. This poses a lot of questions in terms of regional stability, italys banks. Haidi that is one of the biggest concerns, eight thanks perhaps in danger, facing problems with balance sheets, haidi failing stress tests as well. Thats right. Not seeing Much Movement when it comes to dollaryen. Where is the safe haven demand . Rishaad gold. Anyway, the open in singapore, taiwan, and kuala lumpur coming online. It up, the to set demand for havens, coming down to the fact how the market was position coming into this week. The governor of the central bank scheduled to speak. That being said, money coming into u. S. Bonds, th
Emirates. Angie it is just past noon, welcome to Bloomberg Markets middle east. Today it is a reversal of yesterday. There was a concern about the fallout over italy but when markets will help this morning here in asia, they are just following this global rally, a relief rally, you could say. Yousef it is a relief rally. Some of these moves are simply remarkable. I put up this chart which shows you some of the volatility. This is what you can pull out on your bloomberg, and we have also added what happened with the trunk win in november. Two lines, eurodollar one week implied volatility, the vix. You can see the spike ahead of the announcement of the u. S. Election, then look what happens in the runup to the italian referendum and how it abates. Bloomberg strategists making it clear there is little reason for the implied volatility. The markets want to focus on extension of qe in the eurozone, and the other one will be the decision from the fed. You are looking at later on in the curve