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Weeks elections. Saudi aramcos shares advance again ahead of the inclusion and Major International equity indices this week. The worlds most valuable company has gained 17 since the debut. It is 8 00 a. M. Across the emirates. I am in dubai. Im Tracy Alloway in hong kong. I mentioned the yuan strengthening on the back of the stronger ecodata and on the back of the agreement between the u. S. And china on a phase one trade deal, finally. Take a look at the offshore rate, about. 99 this morning. I should mention the fix for the onshore rate came in stronger, the strongest since august 6. The developments will give enough confidence to chinese corporates to refrain from adding to their dollar stockpiles for now, so thats when we sin reason why the Chinese Markets are strengthening. Lets talk about another key asset on ....
Isas the local suggests, it five minutes to midnight in the Global Climate emergency. Carbon pollution must stop rising in 2020 and start following to keep the Paris Agreement goals within realistic reach. Very long way behind, but there is still reason to believe we can win the race. He reiterated that the paris climate agreement provided a framework to get the job done and that the agreement needed to be put to work fully. The egyptian president is calling for strong action against countries that support terrorism. His comments were an apparent. Eference to turkey and qatar the three countries also support imposing factions on the wartorn libyan region. He made the comments at a twoday forum on peace. French officials are trying to calm down nationwide protests against pension reforms. The government said that the full retirement age will be increased for the youngest, but ....
Is consistent and significant. Significant move up thats also consistent thats my view hitting the mark. Saudi aramco valuation touches the 2 trillion but pairs gains within minutes of opening trade. And polls open in the uk with voters across the nation heading out to vote in the election. A very warm welcome to street signs. Before we get to all the big topics today macrowise the latest Oil Market Report they have kept their Oil Demand Growth estimates for 2019 and 2020 unchanged at 1 million a day and 1. 2 million a day respectively saying the oecd amount of barrels is set to fall in the first annual decline since 2014. On the supply side, the number of barrels fell. For november, oil supply held steady as higher u. S. , canada output was offset by saudi cuts. They make an interesting note that in september, the Unit ....
Billion in the biggest ipo ever. Opec cuts a deal to cut output target. Were live in vienna. China handling request for tariff waivers on soy purchases. Safety first. Uber reports more than 3000 Sexual Assault claims globally last year. The chief legal officer called it a reflection of society. Matt, good morning. Matt im looking at the u. S. 10 year yield, among other things, hovering around 1. 8 . And hell see this flatline for a while today. A lot of times, traders will turn off their algorithms, their Computer Trading programs, right around the jobs announcement and try to get a human advantage for the few moments its possible in these markets. Movehen this number will if we get a shocking jobs number one way or the other. Were looking for 183,000, but the whisper number is only 140,000, so at least bloomberg clients who participate are looking for a lower number. Take ....
Is fundamental to the government who is concerned about the economic fallout. Im Tom Mackenzie in chatham in square where china is celebrating 70 years of the peoples republic and communist party rule. Paul just want to get you to some breaking news out of south korea. We have Consumer Prices for the month of september. They are coming in weaker than expected. Cpi on year declining by 4 10 of 1 . Readingfollowing a 0 in august, which up until today, was the lowest reading in history. Now we have a new low. A contraction in cpi of 4 10 of 1 . That is the first drop on record. Auth korea is not facing deflation according to the finance ministry, which made comments moments after the release of these figures. We have oil prices weighing on the picture and south korea. The bank of korea has reduced its inflation forecast to 7 10 of 1 from 1. 1 . Well short of the 2 goal. This con ....