Negative rates help the economy. Trade, brexit and growth put pressure on e. U. Alliances but europes top officials remained resolute. We will be the exporter of knowledge, technologies. Every company should contribute where they do extra in business. Europe and the eurozone in particular have to go a little further. From iran to saudi arabia to south africa leaders spoke to bloomberg about their challenges. Weve already committed to reducing expenditure on a number of fronts. We want to avoid a dangerous escalation. We are flipping the page. All straight ahead on this special edition of bloomberg best. Hello and welcome. Im nejra cehic. On this special edition of bloomberg best, well look back at 2019 in europe, in the middle east, and africa revisiting the most interesting interviews with newsmakers, policy makers and leading figures in business, finance, and politics. Lets begin with brexit. When 2019 began theresa may was facing a march deadline to achieve a deal. By years end, a n
Pressure on e. U. Alliances but europes top officials remained resolute. We will be the exporter of knowledge, technologies. Every company should contribute where they do extra in business. Europeans a particular have to go a little further. From i ranran to saudi arabio south africa leaders spoke to bloomberg about their challenges. Weve already committed to reducing expenditure on a number of fronts. We want to avoid a dangerous escalation. We are flipping the page. All straight ahead on this special edition of bloomberg best. Hello and welcome. On this special edition of bloomberg best, well look back at 2019 and europe, in the middle east, and africa revisiting the most interesting interviews with new makers, policy makers and leading figures and business, finance, and politics. Lets begin with brexit. When 2019 began theresa may was facing a march deadline to achieve a deal. By years end, a new British Government was still promising to get brexit done. It was a year of negotiation
Of the biggest trade disputes in history. Tech earnings avalanche with microsoft, facebook, alibaba, alphabet, and amazon reporting. It is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Investors are betting on an expansion in corporate earnings. Asia up 8 this year. Let me show you the broader market. Let me give you a quick tour, asian equity session higher, led by the kospi. China down 1. 2 . To theto your attention Foreign Exchange space, the yen the study after the boj clarified comments on friday. Japan still getting its head around a stronger yen. Big moves in the swiss franc sanctions are expected from the united states, and in aussie dollar retreating from iron with losses in ore. , a squeeze concern on the supply side driving price gains. And showtch the board you the Energy Trades with brent crude specifically, still the years aslose in three hedge funds increase their bullish bets to a record high. Up. 10 year, we ha
All right, this is a shock or block week. But thisa note that suggests that these markets are moving high. Becausehave good reason earnings have been so impressive so far, really big ones dominating the agenda this week. Ish, we are looking at crucial levels when it comes to stocks in hong kong. Rishaad absolutely, looking at what happened with these shares, these Chinese Companies trading in hong kong. We want to bring up gb tv 9440. Investors bid for these underperformers. This is a third of the companies on the hang seng. They are racking up fresh one year the biggest proportions says that 2014 stock bubble. We are seeing some of those cheap banks red hot. These fresh highs are being hit last week. That is what we had at the moment. H, in terms of the other things on the agenda, we have yellens swansong and watching what the fed does. We are just watching what happens as jay powell takes over. The pmi is expected to hold steady. Lets look at markets because we did have u. S. Stocks
Exchange on cnbc. Im wilfred frost. Im Contessa Brewer in for sara eisen lets get to the Market Action yesterday a pretty big selloff we did come off the lows by the end of the day still down just over a percent for the dow. A little less than that for the s p and the nasdaq financials took a big hit that sector within the s p down 3 insurers down more than 3 of course theres another hurricane and storm approaching landfall or makes landfall last night, that was onefactor. We saw the banks selloff almost as much. Yields moving lower. Either way, we are bouncing back a bit today. The dow called higher by 30 points nasdaq by 16 s p bir 4 poiy 4 points the tenyear treasury which saw a significant move lower in yields ended friday 2. 16 yesterday the low was 2. 06 now 2. 075. A large part of that, all of that risk off move yesterday was down to north korean tensions. And the same thing is weighing on asian stocks this morning. Looking at the equities overseas, the nikkei is off by 0. 15 .