Assurances it will not suggest to firms breaking out research costs. This is a mifid story. We will talk to mark cudmore about the story shortly. The Bridgewater Associates founder discloses a 300 million bet against the oil and gas. Iant we will speak to them tonight. Ofio is down on a bunch companies. We will figure out that story. Than half hourss away from the start of cash trading. Take a look at equity index futures. You will see not a lot of movement that positive on the ftse and the pound goes down, negative on the euro stocks eurostoxx 50 index. Take a look at bunds. 36 handle on bund yields. Looking at a 36 handle. If i click here on the onemonth you can see that we were much higher over the past month, hovering around 45, 46 the entire time and we have seen bunds. Eal movement in bimd yields have come down as investors that for safety. You take a look at the Fund Managers survey and the indication there is must Fund Managers believe the yields will climb, not fall despite wh
And singapores growth surges, beating december quarter forecast. We will be live there for a check on the vital shipping industry. Before we 30 minutes get under way right here in hong kong and china. Singapore just coming on. Looking at those numbers. We had a complete blowout there. Lets take a look at how it is reacting to the data probe we had this morning. Up about 2 10 of 1 , gdp coming on year. Higher up 2 . At movers, uab they are the third biggest lender. Bad load provisions rose. Lower than and ocbc, forecast profits. We see the nikkei lower for a second day, with property and Energy Leading the drop. Toshiba slipping for a fourth day. A single project may be in jeopardy as the u. S. Firm says it may be seeking a new contractor. In australia we do have it snapping a two day rise, act by health and material. Goldmining, seems to be gaining confidence. Third biggest oil and gas producer falling 1 after better than normal forecasts on sale volumes. Narrowsee its net loss to 1 bi
Policy. Biggestnd the worlds signess carrier subscribers and sees a return to profit. We are in the beating economic heart of this city. The president once to see it emulated in the northeast. We will bring you that story rishaad taking a look at airline stocks. Downgrades, China Southern and china eastern, all getting the downgrades. The reason why, lets bring up this chart. It is morgensterns contention chinas International Travel boom is over with. We will get steady growth, not still are growth ste llar growth. Passenger traffic trending down. That is the contention. We are looking at those stocks at the open and more. Haidi absolutely. The chinese carriers have been adding capacity. Amp up competition with the carriers. We are about 30 minutes away from the open. What will be interesting is the resilient of the rally we are seeing. Based on just one comment from the treasury secretary saying these reforms will come soon. No detail at all. The markets taking it and running with it.
Flat in the first half hour on the shanghai markets, the kospi point 6 , mixed movement in Southeast Asian equity markets. Fixave been seeing the yuan stronger again. The offshore renminbi weaker at 6. 8842, the pboc setting parity today. A little bit stronger there. Of course, the yen in focus, continuing that rebound against the dollar. The dollar index for a weekly loss. It doesnt look like it may hit oft Morgan Stanley target 116 by the weekend, so more of a resurgence in that currency. Elsewhere, yields continue to rise in australian and new zealand bonds, up nine basis points on the 10 year note, 2. 88 percent on that yield, the highest level since january, so bonds still outoffavor. Japanese 10at the year bond, some movement coming through there, just above that 0 mark, so a little bit of exhaustion today. Haidi thank you for that. The Monetary Authority of singapore is slapping financial kennedys on local Bank Branches for antiMoney Laundering breaches. Rishaad lets get over to