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Rishaad this is what it is looking like for equities. No trading in hong kong. It is a public holiday. Looking at active futures for the chinese market. Overall asia is feeling at down 3 10 of 1 . We do have many investors taking the opportunity not to go to work as is the case in hong kong where they have no choice. S p futures on the way up after the deep losses we saw in the session friday on wall street. Looking at the nikkei 225 coming off the lows of the day. Action there, political in part. The ldp may have lost a special election seats. That would be a blow for the unpopular president at the moment. Looking at the bond picture, yields where they were we still on friday. Japanese 10 year yields grinding to the upside up to 85 basis points. Wti off as the middle east situation seems to be simmering. Perhaps the calm before the storm. 70 five cent move to the downside for new york crude. A lot is going to be contingent on what the bank of japan does at the end of the month. Haidi

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