equity markets are higher and higher. the fed and the boj coming through. how do we phrase this? where we go from here? dust of the few minutes ago we were talking about how the boe and the bank of canada raising rates in the fourth quarter. requiring it to throw the conversation for next year. have a look at this chart, the question really is how much can the likes of the boe and the bank of canada, given how strong their currencies have become, continue to follow the fed on its current rate policy? at what point does a policy notngthen, and become inflationary? charts, whatat the it shows you is financial conditions in the united states in the bottom part. they are still fairly loose, and what that means is that despite the fact that you have a weak u.s. dollar and currencies like the pound trading at fairly strong levels, it is not yet creating conditions where you would actually see disinflation coming through. in other words, there is scope for a lot of these big centr
groups to rebound in countries like yemen and pakistan. global news. 24 hours a day. powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. technology is next. caroline: this is bloomberg technology. coming up, snap, the big picture. we ll get you up to speed on the trading day debut as a acid in the first ipo of the year. plus, early believers, the first two they on snapchat. you hear from the partner. and the $5 billion club. how the monster ipo changed the fortune of the snap founders. first to our lead. snap wraps up its first day of trading with shares closing up 44% from the listing price. they reached a high of over $26. the maker of the app and it a long tech ipo drought. what will be in the pipeline for other companies? two people are joining us. how do they manage expectations. much? a little bit too guest: a typical ipo you would like to see 20%-30%. this will have a little bit more buys baked in. if you look at twi
those production perks. it s 8:00 a.m. across the emirates and 5:00 a.m. in london. less in am david eating hong kong where it has just gone past midday, midweek session, equities. dollar on the back foot. it is really in the bond space. yields on the way down across the region here. let me just point out one of my charts right here, it really a has you shows you been up. oil has been up as has the yen. but the help all of that compares when you normalize things in the volatility. we are talking about in that yellow screen. from monday.p yousef, very interesting times. yousef: risk appears to be coming back, gradually. just a little bit camp or two yesterday. this part of the world is just under two hours away from the emirates market. dubai and up with dobby, this is the state of play. interesting that dubai and abu dhabi, this is the state of play. consumer discretionary spirit the tadawul is down 2/10 of 1%. we are seeing a spike in activity in dubai. still down if you
on how much it is linked to pay on its first ever international bond now. international bond sale. well is stalling $50 and $60 as u.s. shale fields counteract opec s attempts to limit supply. it is 8:00 a.m. across the emirates, 5:00 a.m. in london. i am tracy in dubai. and i m angie lau in hong kong. welcome to bloomberg markets middle east. we are seeing the market mostly positive here in asia, especially after third-quarter gdp coming in line with estimates for china showing stabilization, but industrial output was amiss, so that actually saw some pullback. what is happening over there? tracy: the e big news here has t to be the saudi bond sale. we had initial price guidance from the banks yesterday. we are going to have to wait for the actual orders to come in to see the actual price guidance, but i have got charts that give you some idea of what is going on. levelsows five-year cds for saudi arabia versus alou david versus qatar. we are seeing saudi arabia looking l
let s get straight to the pound story. we have seen a great deal of volatility which we need to communicate to you. one month volatility getting a seven-week high. the panel itself hitting a three-week low. ,his is implied volatility bracing for the eu referendum which will take place on june 23. we have had a couple of polls over the weekend that seem to have put some moves into currency markets. 45% leave, 41% remain. poll, 41% believe, 41% remain. we have to be a bit careful of the polls were the field work was done during periods of school holidays. thought people who were younger and more affluent could be away during that period. it doesn t change the fact that the currency markets have been reacting to these polls. let s move on to all risk radar. the nonfarm payrolls number the lowest in almost six years. we have got the malaysian ringgit surging the most in nine weeks. a move of more than 1% against the u.s. dollar. have the dollar against the chinese currency as wel