Uncertainty. The corruption crackdown in saudi arabia, the details. New poll finds most britons bracing for a postbrexit tax hike. Tracy this is Bloomberg Markets middle east. Angie a quick assessment of the markets in asia. The msci asiapacific regional. 75 , closingbing in on levels we have not seen this high since november. What is really remarkable about the selloff that we saw in the areal equity space, we seeing that recovery in asian stocks and sentiment today. , 1 nikkei 225 climbing higher because of the weaker yen, also putting aside concerns about u. S. Tax reform. We also have the hang seng, 1. 25 up, some big players, tencent higher. Te. Ck out z it is lifting higher, 9. 25 higher, and one of the reasons could be massive money coming through stock connect changing large caps in hong kong. Tracy, what is happening in your neck of the woods . Tracy it is nice to see green it . Hat board, isnt some assets that mean a lot for this region, the u. S. Dollar sliding a little bit.
Power took another hit as Mitsubishi Materials admitted to falsifying data. They falsify data on goods that may have been delivered to do under 50 customers. Shares plunged the most in 18 months. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Lets take a look at the markets where hong kong and china are currently closed for lunch. In the morning session, hong kong hang seng showing up the market consternation in china. Back in half an hour. This is bloomberg. Welcome to best of Bloomberg Markets middle east. The major stories driving headlines, the corruption crackdown continued to superriche, saudis stashed their cash, just in case, even if they had not been implicated in wrongdoing. E calls time on his 37 year rule. And Global Equities hit record highs yet again. But does the sale of the da vinci for forgery 50 million paint a picture of the market over exuberance . We hear from one Senior Analyst who thin
Welcome to best of Bloomberg Markets middle east. The major stories driving headlines, the corruption crackdown continued to reverberate, saudis superrich stashed their cash, just in case, even if they had not been implicated in wrongdoing. Robert bugabe calls time on his 37 year rule. And Global Equities hit record highs yet again. But does the sale of the da vinci for forgery 50 million paint a picture of the market over exuberance . We hear from one Senior Analyst who thinks alarm bells should be ringing. The oil market year it for the much anticipated opec meeting, which takes place november 30. Saudi arabias Energy Minister has told bloomberg the cartel and its allies should announce an extension of their output curbs when they gather in vie nna. Russia has not sounded quite as convinced. We have more with our guests and our middle east reporter. I have a chart that i think encapsulates what we have seen in the oil market. This is hedge fund short positions in brent. The red line
Over exuberance . We hear from one Senior Analyst who thinks alarm bells should be ringing. The oil market year it for the much anticipated opec meeting, which takes place november 30. Saudi arabias Energy Minister has told bloomberg the cartel and its allies should announce an extension of their output curves when they gather. Russia has not sounded quite as convinced. We have more with our guests and our reporter. I have a chart that i think encapsulates what we have seen in the oil market. This is hedge fund short positions and brent. The red line is the short position just beginning to pick up. It does not look like much. Are we seeing some investors take profits off the back of the big rally in oil . Or does this mean some people are doubting the strategy we just heard about from the Saudi Arabian oil minister . We were seeing the longs increasing last week. People will try to balance their books. What you saw from the saudi minister has been trying to minister manage expectations
Metropolitan police in london is a Risk Assessment for certain music concerts, but the events it targeted all appeared to attract similar audiences. If you submit details in the event gets shut down, you know it is the police. We know they are trying to shut us down. There should bea trying to shut us down. There should be a review of the whole 696 process. So would you say that from 696 is racist . It is all like a big tidal wave of positive things, that is why i am not complaining. It is all great things and blessings, so. All great things and blessings, so. Storms eat hit number one with his debut album and broke records, including racking up the most first week streams for another one album in chart history. Attention is so strong on grime right now, when he talked about the brits featuring no artists from it in 2016, the voting panel called him in and change their criteria. There has been a huge explosion in the people coming across crime and searching for grime artists. If you lo