Index, just marginally down. The real story has been the bounceback after last weeks fall for bitcoin, approaching record highs. 19,595. 1. 1 to the upside. Drivings within opec that crude oil price down. Lets look at what is going on in the emerging market context. Asian markets are bouncing back nicely after yesterdays big move to the downside. What has been responsible for this change in mood . , onethink first of all should partly see yesterdays price action as an anomaly. I think the Way Investors are now returning to the positive things like easy fed policy, Global Economic recovery, which was confirmed by asian pmis and the index that just came out, and optimism about vaccines. Juliette and your team has written a piece on the e. M. Currency outlook for 2021. It reads quite positively. What is the basis for all that optimism . Maybe there are three reasons. First, valuation. We believe that emfx is undervalued and conditions should be conducive to pushing them into overvalued te
Two economic policymakers appeared to clash over whether to preserve emergency lending programs designed to shore up the economy. Global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. Im karina mitchell. This is bloomberg. Is 1 00 p. M. In new york. Welcome to bloomberg markets. Here are the top stories we are following. , u. S. Joblessly claims increasing for a second week last week. Incomes downed 0. 7 . The data open to interpretation. We will ask Julia Coronado what she thinks. The economic numbers may not be welcome news to retailers as they enter the important Holiday Shopping season. Later, we speak to mark cohen. And a soccer top of mind with baritone,g of diego we will talk to the ceo of fubotv, which has been booming subscriber growth. Lets take a check of the markets. Lowvolume today, the last session before markets are closed tomorrow and a shortened session friday. The s p 500 improving a l
Little point in continuing to talk. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im karina mitchell. This is bloomberg. Rishaad carrie lam with a lengthy policy address on wednesday. She laid out her vision for greater integration with the mainland. Benefiting from its proximity to the mainland and longstanding support, hong kongs Economic Development will be given new impetus. The key is to somehow open up the border with china, because we are part of china, and the homecoming hong kong economy was not just set for domestic consumption. It was really set for 1. 4 billion people across the border. In any case, most of the key Investment Decisions will be driven by how china is operating and the Big Companies in hong kong are all chinese oriented. So i dont really think a policy address will be of that much difference to investors as it might be elsewhere. Stephen engle has been covering
Dow 30,000. 2009,were you march 10 of while you were up 16 per year on the dow . Spx i believe better as well. There have been reasons along the way to go to cash, and yet here we are with solid doubledigit returns across 13 years. Jonathan and some houses got it right. One of those houses, Morgan Stanley. It was really uncomfortable to make the call coming out of march 2 remain committed to the recovery in the u. S. Economy. It took some real confidence, and one thing that has frustrated me over the last couple of months is every time someone says the easy money has been made. There was nothing easy about going long in early april during lockdown. Lets be clear about that. We are going to keep this short with mr. Wilkinson keep wilsonort to get mr. Of Morgan Stanley, but we are not even seeing the version of those trends, are we . Jonathan not yet. Bank of america proposes holding the bonus pool flat for traders, this on a year where in the first of nine months, revenues or bank of am
Yesterday, were up the inflation rate as well. They saw exports came in at 13. 3 contraction. The headline number, 16 point 60 contraction. 16 contraction. Tom the question is whether on the fiscal side they will need to do more. The markets. N with a mixed picture in terms of sentiment from investors. You have got some significant southgs in japan and korea. The asiapacific almost back to the prepandemic levels. 169 is what you are looking at. Over on the mainland we have got red on the screen. The shanghai composite is down. Mike pompeo talking about attempts to really divide the internet and the tech space between the u. S. And china. The foreign minister saying he wants to avoid a cold war with the u. S. Got earnings now, looking at those shortly. Seeing gains of. 3 . Looking ahead to jobless claims. The private numbers were a big mess. Jobless numbers later in the u. S. And then the perils friday. Atcan move it on and look the individual stocks. It is earnings season. We have had