Thank you had Industrial Production numbers as well and investment rose faster than expected. Oil demand is suffering a fresh blow from a resurgent of the pandemic keeping frustration on opec members as they prepared to meet this week. It is 8 00 a. M. Across the emirates. Got quite a rally. Futures. E, u. S. Equity not a lot of Economic Data expected in the coming days. A lot of the focus is going to be on the raging impact of the coronavirus not just in the United States but beyond. Percent higher. Morgan stanley joining Goldman Sachs in pinning a positive outlook for equities. Their base case for it to reach 3900 by the end of 2021. 10yearyearolds yields at a dip it gave it a few goes. Fews going to go be a pesky trading sessions. Bowe bergdahl are down. 25 percent. This new trade deal adds to negative dollar sentiment. 1 as we countby down to the meeting. Gathering sion it is not a policy what is underway in the markets over there. We are seeing an 11 session of gains with the Msci
This hour. Yousef first, european governments this week agreed to assemble a Naval Mission to provide safe passage for ships through the persian gulf. That is after iran seized a British Oil Tanker in the region. The act was condemned by the the u. K. Foreign secretary jeremy hunt, but defended by his iranian counterpart. Under international law, iran had no right to obstruct the ships passage, let alone bored her. Board her. It was an act of state piracy which the house will have no hesitation in condemning. Even more worryingly, this incident was a flagrant breach of the principle of free navigation on which the Global Trading system and World Economy the u. K. Ship had turned off it signaling for more than the time that it was allowed to do so. It was passing through the wrong channels, endangering the safety and security of shipping and navigation in the strait of hormuz, for which we are responsible. Yousef we have more with our executive editor for the middle east. Reporter we do
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
Apple considers radical expansion plans for the iphone, three new devices with a big new tablet for mobile. , 00 a. M. Across the emirates 12 00 p. M. In hong kong. Embraer of the Global Financial markets embraer i am yousef gamal eldin. Over 3000 delegates expected at the Global Financial form. We have some big interviews throughout the day. As to to give you a tease who will be involved. We will speak to the ceo of one bankny and the central governor of the uae. The list is long. I want to shift to the realtime Market Action. An Asian Session that makes the u. S. Handoff a positive one, u. S. Stocks at a four we cai. Week high, so Investors Holding their breath. The nikkei is punching on come gains in terms of automakers and banks. Quite a bit of pressure on chinese stocks, really the standout on the gmm. In the fx space, the bloomberg dollar index looking for direction. I want to show you other key asset classes. Wti will be in focus. We will be looking ahead to u. S. Inventories. A
States has been taking a renewed interest. It is decision day at the south african high court. The ruling could decide the fate of the anc leadership race. Is 8 a. M. Across the emirates. 5 00 a. M. In london. Im yousef gamal eldin in dubai. Theet us take a look at Market Action here across the Asian Pacific where we can see yet fresh eyes again. Gmm is the function on your homework terminal. As you can see, equity indexes are they sickly in the green save for hong kong. A little bit more on that later. It really is about yen weakness against a stronger witness a stronger u. S. Dollar. The nikkei 225 climbing 1 higher. The broader index in japan is added to gains for three straight weight three straight days. The reason is wall street closing at a fresh record high. A lot of people were worried about Hurricane Irma coming onshore and doing a lot of damage. The damage was just a fraction of what the estimate was. But there are still a lot of people without power. The msci asianpacific r