Canceling billions of dollars in projects. It is 8 00 a. M. Across the emirates. I am yousef gamal eldin. Shery i am sherry and in hong kong. Reboundingcross asia following that risk off tone set by the u. S. , the asian benchmark gaining. 3 , but not helped by japan, which has returned from its holiday. ,e are seeing Government Debt tracking those gains in u. S. Treasuries, and i understand you are taking a look at that as well. Yousef you understand correctly. That is what i am looking at. We have brexit, which spurred the demand for safe havens. Into perspective when it comes to 10 year treasury yields, it tells a different story. This chart goes back to 1985, younger than i am, and we are in a classic textbook a story of a bear market. Quarterlyll below the resistance line, so we need to go over that to break through that, so you are looking at two point 38 , and you need 2. 8 to break through that line, and that will be by the end of march, which analysts are saying something comp
Shareholders, we will speak to longmans ceo later in the program. Than half an hour away from the European Equity market open, and let me slide across to give you an idea of where we think the day will start here in europe. This looks like it will be a fairly positive picture. Stoxx up 0. 7 . Well. N the front foot as everything opening up around 0. 5 . German market is looking strong this morning. Other assets, lets see what is happening around the world this morning. Higher,gher, 1. 25 48. 43. Goldman sachs sees changes in the gold market. Shanghai on the front foot. The resale name retail number was actually quite good. Ar, this is the one need to worry about, versus the chinese renminbi. A trading need to Pay Attention to. Pushing up north of january highs quickly. Are we going to see a significant outflow once again developing . We have a surprise for you this morning. Not only stephen major from hsbc, but my colleague from matt miller my colleague matt miller from the United Stat
I love that question. If they get a be key getting into friday. Ofathan for me, the bank england leaves forecasts unchanged. The overwhelming majority expecting rate cuts this thursday. Thats going to be fascinating. Alix fascinating communications coming out of the boe. That trickle down into european stocks. Rally into the recent coming off the biggest monthly gains this october. The hsbc Global Equity strategist ben laidler. Lots of red on monday. Thethan lots of green in last five months. The s p 500 has been win, win, win. To kick off this mondays trading is softer in europe, the ftse down about. 1 . The dax marginally in negative territory. Alrightx market, its on this one throughout the week. The cable rate with a weaker pound off the back of some pretty weak manufacturing data coming out of the United Kingdom ahead of that bank of england rates decision. Is coming thursday. The commodity market is just wow, wow, wow. The biggest monthly drawing some down as weith wti kick off a
Breaking the bank. Other lenders prove more resilient. Investors give their verdict in 13 minutes. Fascinating moves coming from the futures market. All lot of optimism. Risk on sentiment. On the of more than 1 open. Giving positive exertion, numbers coming from china. We are up 1. 25 . Money is looking towards what is happening in the manufacturing in the u. K. We are seeing across the board a movement into some of the riskier assets. Dollar a story of weakness. A currencies have been rising higher. The dollar down versus the south korean won. Dollar weakness. We are banking on less chance of a rate hike. Keep an eye on oil across the board as well. Brent crude up week 2 . Money still moving out of the japanese bond market at the moment on the back of less thought that bond buying will go forward interview. They did not start to buy more government debt. Let us get to your bloomberg first news. Investors are underestimating how many times the u. S. Central bank will raise Interest Rat
Importance. You would rule out the possibility of using Nuclear Weapons against isis . Donald trump i am never going to rule anything out. Nejra it is all straight ahead on bloomberg best. Nejra hello and welcome. I am nejra cehic. This is bloomberg best. A weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. In retrospect, this week has been dominated by tuesdays tragic terror attacks in brussels. But on monday, attention was focused on Silicon Valley and a major Product Announcement from apple. Emily apple unveiling a new iphone called the se at its event in cupertino. With a smaller screen and a smaller price tag, starting at 399 for the cheapest new iphone ever. What are your big takeaways . Cory i think its just interesting. I was making an analogy with the golden state warriors. How rather than go big or go home, the old traditional basketball adage, they found that small ball works well for them and they won a Wo