Restrictions in one city, but investors are brushing that off. As well, up firmly part of the Semiconductor Story, looking forward to samsung earnings. Looking at currency, the dollar story almost the weakest in terms of the bloomer dollar index, for close to two years bloomberg dollar index, for close to two years. Down for tense of 1 . Hasonshore yuan strengthened. The aussie dollar up as well. On the next board, looking at gold, futures breaking through 2000 announce. You have the likes of bank of america predicting you could get 3000 in therice next 18 months. Wti up 3 10 of 1 . The 10 year yield has edged up marginally at 62 basis points. You can see there has been a marginal rotation out of chinese 10 year as well, more risk on sentiment in the mainland. Rishaad all right, lets look at one of the biggest movers, 7 . Shares up around one at one point. We have a company that has become the worlds 10th biggest stock. Our guest from aberdeen standard investments. Thank you for joinin
1 higher. Japanese markets climbing as well on that weaker yen. Ee those taxv reform concerns have been put on hold. The German Coalition talks that have disappeared into thin air, that has been pushed to the wayside and this is what we are seeing right now. Inso remarkable is that sydney, it is gaining as well. I also want to show you the shanghai market because we are seeing some recovery there, but not here. It continues to fall here. This is a story we are continuing to watch because a couple of days ago, the news agency flagged this stock specifically. This is something that a state run agency rarely does. So, when it does, it does it with the editorial power of china and what they said was, the valuations are way too high. The Shanghai Stock Exchange is in the yellow. See Kweichow Moutai climbing along with that, surpassing the shanghai composite at some point and the concern was that perhaps some of these big staples on the shanghai composite if the valuations are too frothy, pe
Economic houses in place. Theres seeing property is the biggest threat. You may have seen a glimpse of what is to come in 2018 and the treasuries market with that yields surge we saw today. A lot of nervous investors around how much the yield curve has flattened in the face of more positive economic data. I want to bring up this chart really quickly, which shows how much a yield curve has flattened. It is headed toward that in version, usually points to an imminent recession most times. We heard dow fed president fred kaplan say thats usually the ase, how you determine flattening inverted yield curve, and why this time would be any different. That has a lot of investors nervous, are we going to see some sort of tantrum in the bond market . That would be quite shocking to the market. It has been interesting, too, what weve seen overnight, not just the 10year come the 30year. Reform . Signal of tax could we see some type of Economic Growth, or are we going to reach your end and see this
Keeping an eye on some of these gaming stocks when the session comes alive and a half hour. The situation when it comes to massmarket vs vip. Turquoise is the color for the mass gaining market. To itsprofits surge highest before a chinese ernment correction government corruption crackdown. Two years before restrictions sent profits tumbling. A sign that the industry could be singing these records again next year, before hitting a new peak in 2019. Expected policy changes out of beijing could be the major headwind. Revenues could rise 14 next year, according to our survey. The ip gamers expected vip g expected to be the key driver. We will have a look at holdings when the session gets underway. Haidi just in time for the holidays. Going into Chinese New Year as well. It is interesting, that breakdown. They are expecting a expected ty pickup in the vip and also massmarket. It is an interesting session, a subdued session when it comes to equity leads, getting closer and closer to the chri
Asia. Rishaad we saw some tailwinds in the asiapacific, and it does it stop here . That question after asian stocks had their best week in six months. At what isa look going on here. Equities at record highs, but analysts seeing earnings season providing a further boost. Is essentially earnings per share coming through, and they are Getting Better and better. Companies had their profit estimates lifted by an average by analysts. Sts here for the rally to be sustained. Haidi whether this sentiment story or the fundamentals, it looks like earnings season looking buoyant as that gets underway. It is a big event risk week. , whether in particular that changes the narrative of the synchronize Global Growth story. China, cpi and ppi readings out of the United States after that payrolls number disappointed. Singapore, taiwan, and malaysia coming online. Lets get it over to sophie. Monday, momentum sustained in kuala lumpur, the index adding to the 1 gain last week, that building on decembers