Rishaad japans recovery on track, growing for a fourth straight month, the best performance since 2008. Investmentaba the to in chinas largest hypermarket chain. Rishaad we started with the markets. 6647. S a technical chart it is showing a double top formation. Msci asiapacific index slipping from last monday to friday, halting a rally that had lifted 6 . The asian gauge risk of a p technical pattern, which means the path of least resistance would be to the downside after it hits it. Fatigue, ifse of nothing else, creeping into the markets. The u. S. Session, thanksgiving towards the end of the week, and in asia, a loss of momentum of the that continuation japanese recovery story taking place. This week is all about centralbank minutes, the ecb, rba, and the fed. Four for rate hikes in 2018 supported by the october minutes. David im looking at the wti screen to show you the nuts and bolts. Sophie the kleins for the despite25 and the topix trade data indicating the best performance now
Moving into the thick of things as we move into these markets opening up in the next hour or so. In the asiapacific, it is friday. Lets get a sense of how we have done so far this week. Looking at one of our functions on the bloomberg terminal, a flow of the money into and out of different etfs around the world. Over thehe net flows next week or so. The u. S. Has obviously seen a fairly topsyturvy ride and where we are. Getting weakness come through earlier on in the japanese currency. ,he yen solvency also there reacting or perhaps getting offered up on the back of the gdp numbers coming out of japan. That inbe talking about a few moments. We are looking ahead to the data coming out of the chinese mainland. Around this time tomorrow, the all important inflation. Ppi numbers coming out, so it is. Airly big lots of guests coming on the show to tackle these topics, including bitcoin. 30 minutes away. Thats on the open up markets here in hong kong. Sophie is tracking all the market moves
Oil producers hit and at extended curbs. They tell us the strategy is working. Ramy good morning, david, and good morning to our viewers across the asiapacific and around the world. What were talking about this whole weekend, the Government Shutdown. Right now, partial, but how total will it get . Looking at markets on friday, equity markets closed at record highs for the s p 500 and nasdaq , but we were talking in the past hour about whether it could hit gdp. It depends on how long it lasts. The longer it goes, the more pain we might see. David certainly. Will it affect risk sentiment . Maybe not, we look at indicators. By the looks of it, we might continue the run. Running,nd is up and have a look at the markets there, a jump up there. 8334 right now. The dollar is down again. We are moving slightly into earnings season. Look at australia, coming off a 40 skid for that market. Cents on the currency there. 288 on the yield, approaching the10year approaching gap for the aussie 10 year