Going forward, we see better days ahead. Rishaad the Imfs Christine Lagarde looks forward to the year to come. This region, asia, is going to continue to be a Global Growth engine. Rishaad it is all straight ahead on this special edition of bloomberg best. Rishaad hello and welcome, im Rishaad Salamat on this special edition of bloomberg best. We look back at 2017 in asia, revisiting the years most interesting interviews with newsmakers, policymakers, and leading figures in business. Lets start with Stephen Engles indepth conversation with alibabas jack ma. We were granted rare access to him in his headquarters in china as the companys celebrated its 18th birthday. Alibaba has enjoyed massive growth in 2017 and a rapidly evolving ecosystem of Chinese Technology companies. Jack ma spoke with Stephen Engle about competition and regulation in this new environment. The speed of the internet era oftentimes blurs the line of regulation, and you push the boundary, push the boundary, and then
One china policy should be tied to trade. Prices, this Historic Deal to cut output. Oil jumping over 4 . Jumping to the highest since july 2015. Saudi arabia signaling it is ready to cut output more than agreed, while a nonopec countries including russia agreeing to pump less. Sophie we will have more about that deal in a bit, 30 minutes away from the open in china and hong kong. Singapore, taiwan, and malaysia coming online. What is going on in the oil patch . Game inhere is only one town, and it is demolishing every other safe haven. Gold retreating, bonds falling, all on the account of renewed Risk Appetite after the meeting between opec and nonopec members. Saudi arabias surprising the markets, saying it is willing to cut more than pledged. Russia and other noncartel members coming on board as well. Stocks, oil Energy Stocks leading the gains. Energyheavy markets like a straight up, the nikkei 225 getting that double boost, oil majors leading gains, but the impact of a weaker yen,
Condolences to the victims of war. Singer laura, taiwan and kuala lumpur are just coming online. David i dont have anything lost to say. We are caught in this lul; between loll christma an new years. You look at some of these markets. They are basically treading water. Bobbing between gains and losses. Thats the case in new zealand and japan. At a lack ofg capital. Do you keep in mind come as we move into the last few days of this year, we seen a lot of money get sucked out. Malaysia, taiwan, the philippines, these are some of that have really gotten sucked out. We are flat in the regional benchmark. It might get interesting when china and Hong Kong Open up. Currency markets as promise, we are seeing Dollar Dollar strength come through. Thing is quite thin. Theres not a lot of activity going on. It comes at a time of the day when a lot of these banks in japan come up with their daily yen fixes, if you will. Have a look at sterling and cable. Lack of news . Im not going to speculate on
Looking for a closer regional ties in beijing. This is for infrastructure improvements. Dubai. Cy alloway in angie it is just past noon. And im angie lau. We are talking about how the equity market is performing tonight and noting that it is opposite day a little bit. You may have noticed yesterday, it is completely reversing yesterdays losses. Asian markets are actually gaining. One of the key factors is stanley fischer, the vicechair of the federal reserve. He is a most walking back what yellen was saying about being hot accommodative of a economy. In his point of view, it is all about Slower Growth. The Slower Growth trend caused by low productivity. There is slower labor force to growth. And higher shaveings are connected with the aging u. S. Population. And also weak investment and lower Global Growth dragging on u. S. Exports. Lets take a quick look quickly at asia, the state of the markets trading in mumbai. Japan, though, notably just a little bit off. Tracy, how about your par
Surveillance. I am Francine Lacqua. Tom, i know you were in new york and it is going to be a great day. Bank newsthe deutsche , it gets your attention. I would focus as well on the italian banks. It is benny the headlines, but watching unicredit beneath the headlines but watching unicredit. Francine especially if the nonperforming loans keep putting an damper a damper on the italian stocks and the european stocks. Nejra we start with some news breaking in just the past two minutes in turkey, markets are giving a vote of confidence to the latest move by the Prime Minister elect. He has decided to keep the last man standing of a market Friendly Team credited with turkeys economic boom. It is a boost for british Prime Minister David Cameron and his campaign to stay in the european union. Older voters are switching to his side according to the or be survey. 55 plan tors over vote to stay in eu, up from 34 in march. The referendum is june 23. Euro area finance mise ministers meet to discuss