Thank you had Industrial Production numbers as well and investment rose faster than expected. Oil demand is suffering a fresh blow from a resurgent of the pandemic keeping frustration on opec members as they prepared to meet this week. It is 8 00 a. M. Across the emirates. Got quite a rally. Futures. E, u. S. Equity not a lot of Economic Data expected in the coming days. A lot of the focus is going to be on the raging impact of the coronavirus not just in the United States but beyond. Percent higher. Morgan stanley joining Goldman Sachs in pinning a positive outlook for equities. Their base case for it to reach 3900 by the end of 2021. 10yearyearolds yields at a dip it gave it a few goes. Fews going to go be a pesky trading sessions. Bowe bergdahl are down. 25 percent. This new trade deal adds to negative dollar sentiment. 1 as we countby down to the meeting. Gathering sion it is not a policy what is underway in the markets over there. We are seeing an 11 session of gains with the Msci
This hour. Yousef first, european governments this week agreed to assemble a Naval Mission to provide safe passage for ships through the persian gulf. That is after iran seized a British Oil Tanker in the region. The act was condemned by the the u. K. Foreign secretary jeremy hunt, but defended by his iranian counterpart. Under international law, iran had no right to obstruct the ships passage, let alone bored her. Board her. It was an act of state piracy which the house will have no hesitation in condemning. Even more worryingly, this incident was a flagrant breach of the principle of free navigation on which the Global Trading system and World Economy the u. K. Ship had turned off it signaling for more than the time that it was allowed to do so. It was passing through the wrong channels, endangering the safety and security of shipping and navigation in the strait of hormuz, for which we are responsible. Yousef we have more with our executive editor for the middle east. Reporter we do
States has been taking a renewed interest. It is decision day at the south african high court. The ruling could decide the fate of the anc leadership race. Is 8 a. M. Across the emirates. 5 00 a. M. In london. Im yousef gamal eldin in dubai. Theet us take a look at Market Action here across the Asian Pacific where we can see yet fresh eyes again. Gmm is the function on your homework terminal. As you can see, equity indexes are they sickly in the green save for hong kong. A little bit more on that later. It really is about yen weakness against a stronger witness a stronger u. S. Dollar. The nikkei 225 climbing 1 higher. The broader index in japan is added to gains for three straight weight three straight days. The reason is wall street closing at a fresh record high. A lot of people were worried about Hurricane Irma coming onshore and doing a lot of damage. The damage was just a fraction of what the estimate was. But there are still a lot of people without power. The msci asianpacific r
Ties and women rights. It is 8 00 a. M. A cross that emirates, 5 00 a. M. In london. This is Bloomberg Markets middle east. It is mid day in hong kong. Many markets across asia are closed at the moments. I am not sure if this is good news or bad news for the markets given that investors will have to go through so much ego. Not only out of the weekend, but those phenomenal trade numbers out of south korea this morning. Open,e markets that are you can open the go function on the bloomberg. The nikkei is now above 19,000. They are gaining momentum given that the yen is reversing earlier gains and losing against the dollar. More of a dollar story given that spending deal and the u. S. Congress. The asx 200 gaining for a seventh consecutive session. The fastest annual growth in prices in almost three years. Brent crude reversing earlier gains down 3 10 of 1 . Treasury yields are rebuilding in asian training. Debt markets are looking a little bit mixed. Some interesting, interesting moves in
Donald trump seizes on the London Attack to make a case for his travel ban. He takes to twitter to ask courts to reinstate restrictions from people from muslim countries. Yousef dice rows over the effectiveness of the outputs. Bloombergsaight to about the terror attack on London Bridge. What is a very latest . We have heard from metropolitan police, assisting commissioner mark, who has cleared up what happened. He said a van containing three suspects drove through London Bridge onto the pavement and engaged and hit pedestrian pedestrians. Three men got out of the car and proceeded to engage in stabbing with aacking victims knife. We know six people have died from both of the attacks. All three of the suspects were shot and killed by police. There were some reports that the attackers had been wearing explosive will explosive belts. Police have concerned have confirmed that they were hoaxes. One point that mark made clear to the press is that they are still some way from finding out what