Sort of waiting for it. We got it today. Very interesting, and a lot of this comes from some of the overnight data we got overseas, like you mentioned from china, and then the u. K. And from germany, and of course now here in the u. S. Markets deteriorate in the last hour or so. David we come back to the same question again and again. Is this a projection of future growth, or or of a position where people need to put their money somewhere and drive down yields as a practical matter . Taylor lets get a quick data check. It is all about bonds today. We talked about futures here after what was a really good day yesterday, deteriorating this morning. Off about 1 or so. Ns is back in positive territory. German tenyear now at a 64 basis points. You wonder what the ecb does next. When we look across asset for the safe haven plays, for me it is all dollaryen. We have again continuing to strengthen. Handle is something that catches my eye. Gina we are joined by martin adams and vince cignarella
Closing below 1900 on monday. That is one of the encouraging signs. Asia. Get you a map of these steep losses in the past two or three days has suddenly made these valuations attractive. In look at valuations back may. Timese at about 15. 5 earnings. , overnight well not overnight, three months, but somebody brought that down to 12. 5 times. Volatility measures, that is also taking the dow a step or two down. Nowe looking at japan right. At aboutd the day out 118 at about 1. 18 to the u. S. Dollar. U. S. Dollar. To the that was a q4 a lot of these investors in japan to start buying up. Looking much better than at the open. 3000 level was actually under threat. Have central called to action to offset this off this impact. Into tuesdayrates were showing signs of stress. Day. Ieve 259 for the seven before i go back to hong kong, this is a little interesting. Market spikeduan to 22 . What are we doing now . 20 . At the start of all this, it was below 4 . We will see what happens here. Angi
Rishaad we want to bring up a chart here, showing what has been happening after the force we have seen of late, and a look at the tensions. Have broughtns other stocks into favor, while inside and the mainline in china, we have seen this a share against h shares in hong kong. The premium of those ashares expanding to kong the widest since july of last year. This is down to north korean inspired risk aversion weighing on the equity market. The hang seng retreating in line with. Stocks. Therehai composite we go, some investors suggesting ashares could outperform by the years end. That is just a flavor of what is going on here at the moment. Haidi absolutely. On top of that, you always have , at least until the 19th Party Congress. Stability is the name of the day when it comes to china. We are about 30 minutes away from the open in china and hong kong. Singapore, taiwan, and markets in malaysia coming online at the moment. Risk is starting to pare back a little bit with some of these tra
What is making headlines outside the business world. Taylor david, the first charges may be announced today in that investigation of russian involvement in last years u. S. Election. According to multiple reports, the grand jury associated with special Counsel Robert Mueller as approved the first indictments. President trump called the investigation a witchhunt that is bad for the country. Puerto rico plans to cancel a controversial 300 Million Contract to rebuild the islands power grid after it was devastated by the hurricane. The contract went to a tiny Company Based in whitefish, montana, the hometown of interior secretary ryan zinke. Whitefish energy had two employees before winning the nobid contracts. President of the catalan republic failed to show after being fired by the Spanish Government over the declaration of independence in the region. News 24 hours per day powered by more than 2700 journalists and analysts in more than 120 countries. Im taylor riggs. Jonathan thank you v
It is monday morning, time to look at your data and what it is telling us. There is a little bit of a rally european stocks. Oc crude is the story of the day 48. 93. The nymex is up the tory government, after the weeks we had from the labor manifesto, the pound 1. 2924. We will have more on those equities rising in the optimism surrounding the Chinese International spending plan infrastructure, but first lets get to the bloomberg first word news. An unrivaled global cyber attack will continue claiming victims today as people return to work. Even after hospitals and other facilities gains the upper hand against the malware, it affected organizations and businesses, including the National Health service, russias ministry of interior and nissan. Saudihas jumped after arabia and russia said they favor extending Oil Output Cuts through the end of the First Quarter of next year. The Energy Ministers of the Worlds Biggest Oil producer spoke at a joint News Conference in beijing. We have to th