Months. Haidi the u. S. Rebukes plans for north korea following the weekend show of force. China urging coma on both sides. The lira jumping as president erdogan claims sweeping new powers, the biggest changes in turkey. Dump in ans data hour, looking at First Quarter growth, 6. 8 . Lets bring up this chart, 6839 showing the potential for further gdp growth looking ahead, the blue line indicating that target the government put andlace, anticipating 6. 5 2019, a six. 8 handle, but the data dump continues and we have industrial output, retail sales, and fixed Asset Investment, all of that out in 60 minutes. Not exactly the most surprising of indicators. We were expecting that 6. 8 for a Second Quarter, but the question is whether it is sustainable, and also at what cost good we had credit numbers showing momentum in terms of money supply, shadow banking still running hot and china, so we dig deeper into that within the next two hours. We are 30 minutes away from the open in china, that s
Bump in the road. Has accusations of bias as a valid to change the way stories are trending. Follow me on twitter. That is my handle. Ere as use that hashtag th well. Hong kong getting underway in about 30 minutes. Singapore and Malaysia Online as we speak. Lets have a look at what is going on. Fed speaks, that is when the market reacts. That is being reflected in the early asian session. Singapore, malaysia, and taiwan coming online. Take a look at taiwan. About up we are off by. 25 . The biggest move in nine months on the account of heavy buying into some of these tech stocks. We are seeing some of those names giving back gains today. There was the story of potential demand for the new iphone coming through and the impact on the taiwanese iphone suppliers as well. Elsewhere across the region, the tradingown by. 7 as gets underway. That is weighing on exporters, consumer names, retailers. In particular, automakers and electronics names giving up gains today. Selling coming through fro
Out of the eurozone. Pmi rising 52. 6, better than what economists had told us. They do split into the tw components. Oservices were a little bit below expectations. This is the Euro Area Services pmi for the month of june. It fell to 52. 4. Manufacturing though, a touch better than expected. We also have a little bit of centralbank action, or in action in this case. The Norwegian Central Bank leaving rates unchanged at 0. 5 , pretty much as expected. But we will get you extra for an exchange checks, including with the norwegian krona. First of all, lets get the picture across the board. The msci world index, getting some help fro. I want to show you the mexican peso. The mexican peso, and the russian ruple leading gains. Crude, rallying above 49, currently at 50. 05. Now, lets get straight to the bloomberg first world news. Voting has begun in the historic referendum and polls close at 10 00 p. M. U. K. Time the first result will start coming at midnight. We will be following all the
Manus good morning and welcome toc. And welcome to countdown it is risk on, in case you have not noticed. The msci asiapacific up 1. 19 . Asian stocks are heading towards a oneyear high. The s p hit a record. The probability of a rate hike 47 . Adding for, drillers the sixth week in a row. Trades. Nds and oil the hedge funds are adding to their short thats at the biggest and most aggressive pace since 2006. So a bounce in oil on the fact that the opec nations are not planning to revive their freeze talks. The biggest casualty of the jobs , we lost 1. 9 on friday. And dollarreal does not start trading until after lunchtime, but getting get ready for this. The real is hitting hefty levels. The real closed stronger for a fourth week in a row. If you are looking for yield and are prepared to take a bit of currency risk, and i am being facetious there, you will get 14. 25 in terms of brazilian real assets. Are you prepared to take that currency risk or would you hedge . Lets get the first w