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6 00 here in london. Lets get to the markets. We are without the volumes from the United States during yesterdays sessions. King date we had no trading in stocks or treasuries. We are getting back into those today. Msci asiapacific by 0. 4 . General picture in asia continues a positive one, continuing the best start since 2006. The dollar against the again , we saw the again being pushed up. Have halted five days of advances in the japanese currency partly because of what we heard from the japanese finance minister. Moves in fx markets are a problem. Price, over 70 a barrel, even though it is retreating. Fx is going to be a focus , what happens next with the pboc, that bank of japan, and the bank of korea. Traders have been spun into a whole new momentum. Record long positions on the euro. , two is a counterbalance sides to this market. The long positions are the longest we have seen. It is estonia focusing on bond purchases, they ....
I want to bring attention to other metals. Slumping asrials the stronger dollar cut demand for metals as alternative assets. The greenback having an impact across the board. Traders are also gearing up for the u. S. Rate hikes. Sizable impact coming from the dollar and on gold. What hasnt given back all the gains is volatility. Ae nikkei and hang seng little lower, but the key takeaway is we are nowhere near levels we were last week, which means the nerves are out there. We will be getting the market details later on and we dont have the china data yet. We will get you that when it comes out. In the meantime, paul allen with your first word news. Research claims the u. K. Will leave the European Union as the areas slowest growing economy even if it keeps the same trading relationship after brexit. The European Commission says growth will slow to 1. 4 this year and 1. 1 n ....
We take a look at their global ambition. This is Bloomberg Markets asia. Rishaad looking positive out there, just seeing whats going on. It does seem as though chinese equity markets could be in for a positive year. The first trading date for the chinese new year, its positive. It leads to a positive year to follow. Look out for that one. Haidi astrology might be as good as any other indicator, technical or otherwise, to engage sentiment. The dollar off to a good start. We are 30 minutes out from the market start. Not much of a lead from wall street, just finishing in positive territory for the benchmark there. But the selloff suggesting we are when it comes to sentiment on higher inflation. Singapore, taiwan, and malaysia just coming online. Asian stocks set to end the week on a positive note as investors debate the impact of rising bond yields and direction of inflation. Stephen mnuchin offering more comments. Did a highlight ....
Since september. Bigdr pepper is todays winner surging on the news of a 18 billion approach from coffee keurig. Yo betty that is a lot of caffeine to start your morning with. We saw ageold in the treasury market. They, it was really about bond market, and that is spooking investors. I want to pull up this chart. The yieldlking about curve flattening, there was a miss read of that, and we know primarily a big reason for that is the shorter end of the yield curve was rising faster than the long curve. Now it seems the 10 and the 30, which were lacquered, is finally playing catchup. Given the movement we saw today, that catch up might move up pretty quickly. We talked about what a wild week it was for traders. Announcing how much issuance theyre going to be having for this year, and also the report is a recipe for higher yields, and also the dollar catching up with this rising yield. You heard analysts with reports saying it is not going to last they arebecause saying, you cant exactly re ....
Fascinating conversation and content out of those interviews. Cant wait to see them all. I amme to daybreak asia, haidi lun here in sydney. Betty i am betty lou at the Global Headquarters in new york. Before we get to the great therviews, a recap of markets. We sell the dollar gain, oil markets higher, oil touching above the 50 a barrel level. That led to stocks rising. Lets pull up the board to show where markets closed. The dow added on 40 points. S p gaining. The nasdaq higher, as well. We continued to digest lots of news in the u. S. We will be watching economic numbers that are key for the market. Haidi we spent so many days talking about the weather, north korea, geopolitical risks. We are now focusing back on monetary policies and the macro environment. Check out how we are setting up ahead of the data. New zealand, trading sideways, up 1 10 of 1 . The kiwi dollar at. 7252. The dollar rising for a third day, expectatio ....