A 30 discount. Yousef it is 8 00 a. M. Across the emirates. I am yousef gamal eldin in dubai. Here markets in hong kong have gone into the lunch break. Have a look at the broader picture across the asiapacific. This gives you a simple look at how asia is doing. More red than green. India has just opened up. Southeast asia feeling more of the pan. Malaysia and singapore leading declines. There is not a lot of conviction to the upside here. Yousef some other assets showing downside pressure. Brent crude extended declines. U. S. Crude inventories probably shrank for a second week according to a bloomberg survey. Gold, flirting heavily with 1300 an ounce. U. S. Tenure paper, choppy trade, the curve steepening and dollarlira there. U. S. Equity futures showing a decline. We have been in the sideways grind for some time. Lets check in on the first word headlines. Japan has raised its alert level after getting indications north korea may be planning a new missile tests. Kyoto news has said ra
Probe makingrussia itself felt across the world. Have a look at gold. This is chart 6129. Fridayback into gold when the news came out that thatel flynn will testify President Donald Trump instructed him to reach out to the russians. We are under 30 minutes away from the open. Lets find out more from sophie. Could berustrating , today looking like. Afternoon,ndia this but looking at the moves in singapore, taipei, lets take a look at the open. A fairly mixed a session so far. For singapore, but some pressure for stocks. I want to show you this chart. This is one of the big moves so far this morning. Chart 6173, tax concerns outweighing the Michael Flynn drama. The 10 year treasury yield is climbing up of 2. 4 this morning. Even as the dollar is rising, we are seeing bearish dollar positions rising again despite the positive economic actual for the united states. Holding a the kospi threeday drop with the korean won under pressure. ,his is the yen is slipping 112. 78, and the aussie unde
Significantly. The latest on that story. Also, saudi arabias ambitious reforms. Movie theaters, yes, and so are fuel price hikes. It is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. Inm yousef gamal eldin dubai. Ahead to Central Bank Decisions from the fed and ecb. That is determining the tone of a lot of trade at the moment. Jump into the bloomberg with me for the Global Markets map for the pulse in the session. Pressure, indices losing steam, especially the kos pi. The kiwi dollar, the spike we saw, resuming its charge, up. 25 . Overall an interesting picture developing ahead of key events. To some of over their Asset Classes as we warm up and prepare for these meetings. Gold up. 10 year paper steady at 2. 38 . Note on cable. That is holding on to lows. Hat is the lows of the month a lot of the energy from the weekend dissipated quite a bit. The one we complied volatility is the highest in two years. Looking ahead to the anc conference on sunday. A quick note
China out prices in in half an hour. 4898, it tells you what has been going on since 2006. The white line indicates firsttier city performance. We have had this massive runup in june 2015. Ever since, we have seen this fall back. It has been muted for secondtier and third tear cities. We have early data from china real estate showing a sharp rebound in tier one cities and tier three cities. Is the result of strict controls during the october Party Congress unwinding, so the possibility of a turnaround. All will be revealed after xi jinping said houses are for living in, not for speculation. The lastding day of week in this part of the world, singapore, taiwan, and malaysia kicking things off. Sophie the countdown to christmas, risk on for markets with the u. S. Tax bill passage looking likely. We have the Malaysian Ringgit and the won leading declines against the dollar, and the yen looking to test 113. We have u. S. Key Economic Data deck this week. Shares mostly climbing. The kospi l
Keeping an eye on some of these gaming stocks when the session comes alive and a half hour. The situation when it comes to massmarket vs vip. Turquoise is the color for the mass gaining market. To itsprofits surge highest before a chinese ernment correction government corruption crackdown. Two years before restrictions sent profits tumbling. A sign that the industry could be singing these records again next year, before hitting a new peak in 2019. Expected policy changes out of beijing could be the major headwind. Revenues could rise 14 next year, according to our survey. The ip gamers expected vip g expected to be the key driver. We will have a look at holdings when the session gets underway. Haidi just in time for the holidays. Going into Chinese New Year as well. It is interesting, that breakdown. They are expecting a expected ty pickup in the vip and also massmarket. It is an interesting session, a subdued session when it comes to equity leads, getting closer and closer to the chri