Assets. Valuations of emu dollar bonds at the levels that no longer make sense. David its interesting you bring this up. First i want to flag, it is 2018. 20 years since the movie armageddon. [laughter] of course thats bruce willis and ben affleck. The other thing i want to type out, the valuations. Are investors getting enough reward for the risk they are taking . Thats a conversation we will be having in a few minutes. Have a look at where we are on the market story this thursday morning. Here, we are looking at a decline across the equity markets today. First decline since the year started. Were almost looking at nowhere to hide. You are getting mongolia at the top. Let me flip it around and look at the broader picture across benchmarks in the region. The story at the very top, 1. 4 drop in new zealand. Biggest drop since the u. S. Elections in 2016. Across equity markets, the biggest winners in this recent leg up are some of those getting dumped the most. In that way i guess we are
Decade. Yousef it is 8 00 across the emirates. This is Bloomberg Markets middle east. David just past midday in hong kong. When you look at the markets, i would describe it as a tepid start. It is fairly mixed out there. Bull or bear, you can make the case. Bond markets, a consistent theme. Yields are up across the region. Ore prices in china following the fixing after their prices entered the their market into the weekend, yousef. Yousef i am watching some key gainsssets, crude holding after spiking after news of the military strike in syria. It is considering and opec extension. There is a downside with drilling rigs in the United States currently up again. Level. Key technical south african, a 10 year yield. This is the first day that the bonds are carrying junk grades, First Time Since 2000. It is two hours away from the start of trading in this part of the world. We will be kicking off with dubai and abu dhabi. Dubai losing 0. 3 . Volumes 30 ng weaker. Some strength when it comes
Now, almost one full china, if you want to use that as a measure. In any case, it is really about money finding a place to park. Looking at asia, ninemonth highs. A lot of this has to do with japan really pulling its weight. Up 1 there, on the index. Down to the japanese yen, we 107, a two dayo charge. As high as 107. 48 at one point. Now, weunch break right will watch closely. Talk is louder about a spending program. We dont know the details, we are hearing reports coming out of japan. Coming up with a number, 20 trillion. We will get a final number there, that is not speculation. , we are notupiah sure what time, they do not usually come out anytime, we usually get that in the late afternoon. Economists are saying most of the 2016 rate cuts in the reference rate, we have a split here. Move, not justl yet, but that being said, look at the expectations. , lookingwith indonesia at australia, 92 likelihood that indonesia moves. Moving lower, lifting the tide overall. With marketngs up st
Iphone, saying they may have found a backdoor to hacking it, and beijing, a coast guard ship trying to stop an Illegal Fishing boat. They are taking a hard line by blowing up and seizing vessels. Follow me on twitter. That is my handle. rishaadtv, include trendingbusiness. And a look at what has happened overnight and so far this morning. Vid i looked overnight, it was not unbridled optimism, but there were danes gains. The Chinese Companies listed in the u. S. , and i guess this will give you a sense of how things may trade when things open up in hong kong. Lets look at what is happening in asia right now. Markets opening up, taiwan, singapore, and malaysia, but it is really japan driving gains today. Asia on its shoulders at the moment. We are looking at gains in the regional benchmark, because what we are seeing on the nikkei 225, a little bit off the high, two and a fraction. That is really enough to take the regional benchmark to the highest level in years. Four the about 2930 msc
Hong Kong may have seen the last of the interest rate hikes in the current tightening cycle, but analysts warn this may not prevent property prices from slipping further.