Way to an ipo. Saudi arabia puts a prince in charge. Morgan stanley ceo speaking frankly about the fed. Ive support the latest fed rate cut and i expect they will do one or two more. But then, it is time for a pause. Managers apply unconventional wisdom to a changing financial environment. Corporateentgrade bonds are an asset class that provides more risk than return. Plain tot is pretty see that bonds are not a safe place to be. 17 trillion treasuries showing negative returns which is crazy. Its all straight ahead on bloomberg best. Hello, and welcome. This is bloomberg best, your weekly review of the most important Business Analysis and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The tension between Boris Johnson and u. K. Lawmakers ratcheted to new levels on monday as the him stuck to his stuck to as the pm his do or die brexit plan. British parliament is about to suspend its operations for a month at the request of
In the markets, we are seeing equities a little bit softer across the board. S p features down by about 0. 2 . Tech leading the declines lower in europe. Dollar seeing a stronger ish. Been about the reversal of the trends. Will that continue, or is today just a pause in this new shift in paradigm, as you have yields up by about one basis point . Time now for global exchange, where we bring you todays market moving news from all around the world. Soining us now is bloomberg and the karen bloombergs enda curran and michael mckee. An joins us from hong kong. Removed theave quota you need on stocks and bonds to buy in china. It is not necessarily going to be an immediate game changer. This is all about the narrative around china gradually opening up and trying to get the yuan used more globally. At the same time, it is an example of how china is incrementally littering on some of its pledges. Global message to the Financial Markets them china is open for business, and this would certainly
It ended up 34 points. Look at what is happening with the treasury market. This is the big story from yesterday. Huge swings where you saw the yields up significantly in the morning and drop Something Like 18 or 19 basis points. You see the tenyear yield below where we were this time yesterday. 4. 488. The twoyear yield at 5. 07 . Lets look at crude oil. Wti is up to 85. 93. Then we look at the crypto board. You b bitcoin is up this morning with the speculation it will be approved by the s. E. C. 17,000 is low. I remember it. I dont get the speculation. We talked to hester yesterday. I cant believe it hasnt happened. She also has been in favor. She seemed to suggest and i read her comments to mean these folks were not any more inclined to do it a week ago. I got her. If we did get that from her, it was like go figure. For some reason, they will not do it. It implied the logic. Sure. She has been in favor. If you have people who dont agree with logic, it doesnt matter. Ge is out. Phil l
Shery you are watching daybreak asia live from new york, sydney, and hong kong. Annabelle asia is major market opens. Haidi a big week with centralbank decisions in focus and the dollar is slightly weaker in monday trade. Michelle bullock is taking charge of the rba. Fresh tests ahead for Country Garden with deadlines for bonds. Shery u. S. Futures with a little upside after stocks fell in new york on friday. S p 500 had a weekly loss and nasdaq 100 fell 2 . We are watching many things including triple witching options expirations and anxiety over the fact we do not know how long the auto sector strike will continue and data showing new york and you fracturing unexpectedly expanded with treasury yields gaining across the board with two year yields holding at the highest level in 16 years and Oil Prices Continue extending gains over 90 a barrel after three weeks of gains already it is the supply outlook and reports we got last week including from opecplus that we might see a deficit for
Year. They see it as an ideal retail combination. Happy new year to you, elon. Speaking of speculation, we had a wanted for the Market Participants saying that speculation will likely cause a correction this year. One comment he made in his surprises for 2018, he said the u. S. Economy lets pull this up, the u. S. Economy has a better you than 2017 with speculation reaching an extreme. All i can do is look at the chart here, g btv 1241 showing closing for nine months straight, that hasnt happened since 1950, it makes you think where we make history again with something unprecedented . You might sound scary but have to wonder how tax reform will play into it, how much has really been priced in, the big russian is this 2018 going to continue giving the sequel that we saw for bull markets that we saw last year as well, given the fact that the returns were quite incredible, it will be really hard to maintain that for the rest of the year. Indeed, it will be very difficult, just really quic