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Bloomberg
Apr 5, 2017 9:30pm EDT
china soared after a turnaround, beating estimates. saleshut same-store climbed 2%. analysts had expected growth to be flat. results signal a strong start after it's been off last year. oil pulling back from a one-month high as traders balance concern over u.s. stockpiles with rising refinery demand. american supplies rose above 535 million barrels, the most going back to 1982. refineries were at 91% capacity, up 1.5 points from a week earlier. u.s. refineries typically increase production ahead of the summer driving season. the department of homeland security will continue searching mobile phones of travelers into the u.s. as lawmakers questioned whether the policy is unlawful and intrusive. secretary kelly told the senate committee that the searches help keep terrorists out of the country and affect only a fraction of the people flying to the u.s. every day. president trump has reiterated his discussed at the gas attack in syria missing the perpetrators have crossed a line. dozens of people were killed in tuesday's attack in the idlib province, and the president has said using
Bloomberg
Jul 18, 2017 9:00pm EDT
the financial crisis. china and the united states, trade negotiations. china says it is time to change the game and level the playing field. up, aussie banks face tougher guidelines, regulators demanding they hold more capital to prove their strength. this is "bloomberg markets: asia." boe, ecb, andand .oj no change expected. the bond line program remaining the same as they try to prop up that yield curve. btv 827, this is found the boj monetary reserve balances have crept up and up and up. this is the performance of the the etf25, reflecting and bond buying program. helped along by stability here, the yellow line, the yen. hours from that rate decision out of tokyo. haidi: that's right. despite the boj expected to stand pat, we are watching whether they will lower lifttion forecast and growth forecast, and taking a look at these two members of the boj stepping down after this week, two champions of aggressive action when it comes to inflation. we are 30 minutes away from the open in hong kong, china. for the asian session, looking mixed and tepid. even though we had record high
Bloomberg
Sep 21, 2017 9:00pm EDT
♪ is 9 a.m in hong kong. it is a war of words. and cutting china for the first time, the agency concerned. haidi: coming up, we will look being diverging paths taken by local central banks. ahead on "bloomberg markets: asia." ♪ ♪ david: it is shaping up to be a very interesting friday. the stories of north korea. dollar-yen giving at the moment. the moment.t this activity story of cutting ratings in china. already know.t we basics, the core of the issue is the amount of debt on the chinese economy has outpaced the size of the economy. it might not be the same as back in 2009. to othercompare china developing economies, that should not be at these levels. downgrade.s haidi: are the ratings agencies behind the curve? people who have been watching china has been saying this is a ticking time bomb. at one point we are going to have to deal with this. just kicking the can down the road instead of the leveraging -- de-leveraging. they getting from the amount of credit being used to drive growth. not really a happy friday for asian markets. more riskturned a bit off. trading higher
Bloomberg
Apr 17, 2017 9:00pm EDT
working. the u.s. is getting encouraging signs that china is going to act to pressure kim jong-un's regime to dismantle their nuclear weapons program, and that we have mike pence also warning pyongyang that they should not really dispute the resolve of his boss. politics is the alpha today in equity trading. data as well. haidi: that's right. i find it a little be will during we are seeing this section in the u.s. overnight, blend clearly geopolitics is still the great big unknown. data, continuing to paint a picture of what the chinese recovery looks like. prices coming out in just a little while. it is expected to show further robustness when it comes to the properties.hinese curbsalyst says that the put in place have removed uncertainty from the markets. 30 minutes away from the open in china and hong kong. getting back from the long weekend, singapore, taiwan, and malaysia coming on. a bit of a fractious market so far.let's go over to sophie. reporter: a mixed picture as we see geopolitical tension eased somewhat, although there are still concerns around north korea. taking a lo
Bloomberg
Jul 2, 2017 9:00pm EDT
exports drive expansion. haidi: china's latest hong kong connect starts today, giving overseas investors access to the $10 trillion debt market. beijing taking aim at washington after the pentagon sent they've or shipment to disputed waters. half an hour away from bond connect. the whole idea is to connect the world through hong kong, sending the northbound traffic to this $10 trillion bond market, corporate and sovereign as well, in china itself. what do we have? the idea is we have this big premium over china debt over u.s. 10 year debt, and hoping this will create demand, pushing yields down as we see that you cap balloon -- gap balloon. of 120 five basis points difference between what you get in terms of yield in the u.s. compared with china. that's right. we are looking for the onshore rate as well as the dim sum bond and forstart never ring the chinese bond premium to start normalizing as well, closely correlated to money market rates. when another important day it comes to hong kong-china ties. we have the inclusion of a-shares in the mci, so we will be watching how that
Bloomberg
Dec 12, 2016 9:00pm EST
and you throw crop into the mix, there is some uncertainty on china. sophie: thank you so much. the aussie dollar is often one of the first two reacts. we have seen a spike in the aussie dollar, it was trading weaker against the u.s. dollar despite the fact that we have seen a bit of dollar weakness across the board. you're now seeing that pullback. fairly unchanged, the aussie dollar. a little bit of a spike initially when the numbers hit the wires. better than expected, so far no real reaction in the cash market. we're seeing the shanghai markets down 4/10 of 1%. 2.7%. down around still seeing some weakness coming through. a lot of analysts are saying it is likely markets will remain listless head of the fed meeting, even though we have seen a positive upside in china. it is still flat and slightly in metals from some of the players in australia. and in hong kong, it continue to decline by 2/10 of 1%. some weakness coming through from financials and some of those real estate property trust, although you are seeing some upside from a lot of the energy players, and petrochina is the
Bloomberg
Sep 10, 2017 9:00pm EDT
accelerate, an unexpected boost to global reflation. equally important, the data out of china. have a look at this bloomberg chart. uptick were expecting an , but not this, 6.3%, now back above 6%. here is your base effect, steadying, and pick up right there. bloomberg intelligence is telling us in a note is that it might the sentiment driven. is it supply side? partly. this could turn, but that the in said, if you did have to choose which industries are benefiting, look up stream, steel. downstream, not quite. upstream, steel and rebar prices, closely coal related. you can see where that one goes. very interesting. we will be flushing out that story and a few moments in market reaction when markets open in hong kong and china in 30 minutes. in the meantime, singapore, taiwan, malaysia coming online. sophie, currencies, but the equity markets so far. sophie: these are equity markets. higher byeing led tokyo and seoul, korea. some marginal losses for stocks in kuala lumpur. while stocks are higher, bonds falling, the u.s. 10 year yield closer to 2.1%. the dollar rebounding, up .2% from the low
Bloomberg
Mar 5, 2017 8:00pm EST
urgent security meetings after reports the north has fired more strategic missiles. haidi: china lowers expectations for growth this year, li keqiang says the emphasis is on reducing risks. xi jinping isdent firmly in control, the message. haidi: a rate rise seems all but week, janet yellen warning danger if the fed acts too late. risk aversion in this first trading session in asia. 30 minutes away from the open in china and hong kong. looking at how those markets are digesting policy announcements from the npc. rishaad: the first time asia has had a chance to react to what janet yellen is saying. sophie kamaruddin is having a look at the movers. sophie: quite a bit today. korean stocks, the rosalind: the kospi falling, consumer services falling over 1.6%. a number of players falling today. rising upperks are 1%. the kospi is asia's worst-performing index and asia this year, falling nearly 5%. hanjin we do havehanjin shipping on the decline over 21%. hanjin shipping's u.s. creditors sellin given the nod to stateside containers. the judge overseeing the hearing rejected hanjin's claim th
Bloomberg
Jun 6, 2017 9:00pm EDT
china's buying interest. the other data point is this check of the australian economy, first quarter gdp numbers at the bottom of this hour. take a look at this chart, # 6371, 26 years without a recession, and a lot of this and that white lined there is on the back of this commodities boom. or so, weast year have come off that rally in iron ore prices, still in that bear market with prices continuing to slip. also questions on sustainability of demand out of china and domestic consumption as well, 60% of economic growth, and that has been lagging on top of this red-hot property market tapping households ability to spend and earned with wage growth at record lows as well. away from thetes open in china and hong kong. let's get over to sophie. a quiet start, but investors have a lot to contend with this thursday. sophie: defensive decisions being taken ahead of that trifecta on thursday, the ecb, james comey's hearing as well. , aticularly asian markets down day and currencies taking a hit. the yen and gold higher. taking a look at what is moving asx 200 continuing to fall after tuesday's
Bloomberg
Jun 19, 2017 9:00pm EDT
postponed until at least october. haidi: tesla is said to be close to making cars in china. that means it could avoid actually import taxes. property making headlines. hong kong's financial sector saying the system is sound, but moody is the problems in australia. -- seeing problems in australia. let's get to business. we will know in 24 hours when we are sitting at our desks about whether china's a shares are being included in the msci global indices. some people are taking bets that this is already happening. a series -- let's look at chart 31. this is a u.s. exchange traded fund invested in mainland chinese stocks. it is swelling before that decision. we had been denied three times here. etf has grown to around $138 million. it was $20 million in late february. people are positioning themselves. haidi: that's right. it is in a cyclical way. could that be informing when the msci has made all these concessions?looks like it might be given the green light . some of the etf's already track chinese a shares. throughout the next couple hours, raising the question of is it still relevant, giv
Bloomberg
Oct 27, 2016 9:00pm EDT
, china's president strengthens his grip. 30 minutes away from the opening in china and hong kong. this chart gives you an indication of the liquidity concerns and china, authorities trying to clamp down on this versioning property bubble. market signal that the swap traders are waiting for a tighter liquidity situation as the government tightens conditions. that is the widest spread since july 2015. we are looking at a gauge of china's financial stress. the 140 basisw points we hit during the finance crackdown and 2014. we will be watching that rate as the trading day begins, as well as the yuan, which could be hitting fresh lows. and malaysiaiwan, have all just come online. let's go over to david. we will get first reaction, here we go, to that gdp number out of taiwan, not bad. have a look at what is moving their, not a lot. when you look at the broader picture, volumes are picking up. a lot of traits surrounding a lot of these big stocks. the overall market seem to be calm. flat on theabout benchmark ahead of the u.s. gdp report. some say there is a little bit of risk baked in
Bloomberg
Nov 7, 2016 9:00pm EST
weaker yuan we have been seeing has been helping the export scenario and exporters in china and that is why we are looking at these in conjunction. yesterday,rves file fallen the most since january. u.s.to 3.1 2 trillion dollars, still a big tile -- still a big pile. strengthave is dollar leading to you on weakness and weakness and more outflows. 1.53%an has weekend against the dollar last month, which is the biggest monthly drop since the devaluation in august of last year. the white line shows the fx pile burn, if you will. the burn of reserves has not been as fast as the authorities have allowed the currency to depreciate. that indicates there is more c.lerance from the pbo the global demand has been quite tepid. those chinese for trade figures, expecting exports to fall 6% following a 10% fall in september. we are expecting about a .8 percent fall in exports for the yuan, after a 5.6% fall in september. imports are little bit of a different story. they have fallen 22 out of the past 23 months the case of declines has been dwindling. i am standing by for you guys. haidi: any momen
Bloomberg
Apr 12, 2017 9:30pm EDT
china a currency manipulator, retreating from an earlier campaign promise and blaming the stronger dollar for hurting u.s. competition. he told the wall street journal "they are not currency manipulators." right, china is overtaking the u.s. as the largest investor in pakistan. china has been revamping its railways and roads and pledged $55 billion to the economic corridor. over $500 was just million compared to china's $1.8 billion. the first lady has won a payout and an apology from a british tabloid newspaper over .llegations that hurt her last august, the daily mail cited an article that a london daily report contained untrue comments. one $3 million, but was seeking us much is $150 million. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. i am peter elstrom. -- i am david ingles. haidi: singapore's economy lost so momentum in the first quarter contracting from the previous period. is tracking this for us. with those comments from trump, maybe less in the trade concerns bigger picture, but is the reason
Bloomberg
Aug 20, 2017 9:00pm EDT
♪ >> this is "bloomberg markets: asia." haidi: china drives against risk, new rules on overseas investments. day,scue soaring on a down full-year profit doubled on high prices and lower costs. the u.s. and korea launch military drills. wargames start this trading week , a few jitters, a mixed the session, msci asia-pacific --nding declines from friday extending declines from friday. the palace intrigue, steve bannon returning to breitbart, the latest in high profile departures from the trump administration. macro-like when it comes to asia and globally, but #54 or the eight, local central banks are what we are watching, culminating a week of fed speak from janet yellen and mario draghi in frankfurt this week ending up in wyoming, jackson hole, the central bank meeting, expect ring a cautious mario his comments about the balance sheet about interest rates and inflation taken wildly by the markets this year, but not expecting a massive policy surge from him, but there could be comments on how the stronger on inflationing expectations, and listening for janet yellen's comments, gui
Bloomberg
Jul 20, 2017 9:00pm EDT
, or the fear of missing out trade. let's get to the markets. china and hong kong setting up for the open in half an hour. it has been quite a week when it comes to asian markets. investors have putting their feet up after the rally this week that sent japanese shares and stocks in hong kong to a two-year high, but red for the most part across the region, the asx losing .6%. spot, a the only bright slight gain. , few data points in asia taiwanese exports for june jumping 13%. this morning, the taiex down .3%, although the dollar is adding after falling for two days. korea's preliminary report on exports for july of 22% on year, but we do have the kospi losing points this morning, but easing the day's as telcos and utilities leave gains. the yuan resuming gains for a seventh day. for the about fomo aussie dollar and the euro, despite the drop, jeffries keeping the faith, saying it is likely to break 80, so by on the dip or you will miss out. haidi: i like that idea of the fomo and momentum trade. you look at this one way trajectory when it comes to dollar weakness. thank you for that.
Bloomberg
Feb 15, 2017 8:00pm EST
asia. with the today slide. >> china notches a record for law, with its reserves. gas,oans in oil and fighting the banks. how these lois quarter profit in two years. massive bit ofa chinese index dropping in a few months. last, theill they markets will open in less than 30 minutes. we will see what is going on is a gauge for what is happening here in hong kong and beyond. >> when you look at the market and be you might get surprisingly cautious. talk on the street here, anecdotally of course, they are and of scratching their head and wondering why we are seeing this rally. there have been a changes in the market. cement makers. here is your share index that goes all the way back about 12 months. this is your relative strength index, this is the highest level , this was right before things came crashing down. this came back in april, i think i can show you that. this had a little bit of time, april. there we go. months, next seven these lost close to a trillion u.s. dollars. still about 30% lower, that being said, this is about 79.99 >> how close is the situation leading up to that? do
Bloomberg
Feb 23, 2017 8:00pm EST
. taking his time, steve mnuchin says there is no rush to brand china a currency manipulator. we are 30 minutes away from the open of trading this friday in china and hong kong. it has been a pretty tepid day across markets in asia, really pulling back in terms of risk appetite. sophie is taking a look at how the markets are faring. asia,: major markets in in the red. we have the dollar holding up following steve mnuchin's remarks. areo have resources stocks on asian markets this friday, this as the commodity rally is seeming to stop. in japan, the nikkei 225, lower for a third day, but toshiba, 8%, thisgains of coming from news that it is weighing a westinghouse chapter 11 bankruptcy as an option. toshiba shares, certainly in focus given the story around not only its westinghouse unit but it's chip stake sale. we also have the kospi snapping a four-day advance. extending theg, 8%, drop. it is due to be listed march 7. in australia, the a sx 200, being dragged -- a six 200, being dragged by copper and iron ore prices slumping. both gold and crude hold gains. take a closer look at the
Bloomberg
Apr 19, 2017 9:30pm EDT
. the dow on two-month lows. china, lows wein haven't seen also for three months. it's about the open. sophie: it's a crucial open for stocks in china. this is its worst streak so far this year. as you pointed out earlier in the show, this benchmark has not fallen more than 1% so far this year. when you look at the bigger context, there seems to be some support from regulators to get their pledge to make sure they clamp down on activity. we do have stocks in hong kong managing to snap a three-day drop, up about a 10th of 1%. take a look at the china [indiscernible] this is a key gauge of sentiment. retail investors very much an important part of the equity market on the mainland. we did have chinese small caps falling to a three-month low on wednesday. this index has lost 3% this year. we see those declines continue this thursday. we arecurrency front, seeing the offshore rate hover around the 100-day moving average. this is supposed to ease some slow curves. earlier, we did hear from a former regulator who said the china should open up the yuan -- before lifting capital. the cur
Bloomberg
Mar 20, 2017 11:00pm EDT
. >> this time like year ago we were thinking about china, the economy and currency collapsing, but a lot of that is down to the commodities were week. that must mean china and has not got much demand, therefore a big slowdown coming and a hard landing, etc. what happened was there was too much stuff, oil, iron ore. what we saw this time it year ago after the national congress was some efforts to restrict supply in china, and that really helped commodities autumn. we had -- commodities bottom. as we move into 2017, commodity prices are strong, this is because china is growing fast now. again, mixing up demand and supply. last week with the congress, again, what are they doing about supply? it is getting this balance. it is not that supply is fixed and demand is verbal, it's more supply is verbal and demand is fixed, and we seen that across the commodities space. all i'm saying is don't use commodities prices as an indication of demand and extrapolate that to broader views about the economy. it is actually the other way around. david: it is easy to measures apply. oal, theyomes to ca r
Bloomberg
Oct 26, 2016 9:00pm EDT
significant ocean are in china and europe. we will try to get a breakdown of those earnings when they become available. meantime, let's go over to sydney, where paul has first word news for us. paul: thanks. with lossesres after cut full-year revenue and operating profit forecast. the success of pokÉmon go failed to offset sales on its game platforms. nintendo sees profits of $288 million, one third below previous estimates. investors were underwhelmed by of the switchunch console. tesla jumped after its first profit in eight quarters. was $.71 a share compared with the loss of $.58 a year earlier. the bloomberg survey estimated an average loss of $.54 a share. it has cut borrowing facilities by $180 million and its giant battery factory is on track to produce batteries this year. operating profit came in at the equivalent of 249 million dollars, just below the forecast. service ising popular in japan, but missed estimates. operating profit was 47 main dollars, less than $49 million analysts were expecting. sales also fell short. profit for southeast asia second-largest lender was 943 milli
Bloomberg
Jan 4, 2017 9:00pm EST
faces 16 charges, and he intends to the guilty. the continued adoption of bitcoin in china and india has helped bring the digital currency to an all-time high. 1140 dollars and $.64 on wednesday, beating out every other currency, stock index, and commodity contract as an investment last year partly due to its popularity and countries that have capital or currency restrictions. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: thank you very much indeed. for depositinge 500 and 1000 rupee bills passed in december, now all bannned notes have been deposited in banks. we will look at what this means for prime minister modi and his anticorruption drive. saidrendra modi has banning the high denomination notes of 1000 and 500 rupees was to crack down on black money, unaccounted money, counterfeit currency in circulation as well, but you have seen a lot more money being deposited in banks than the bank initially thought, which means there is less of this dodgy money hanging around in the system. thanks receiv
Bloomberg
Nov 17, 2016 9:00pm EST
the week. elsewhere, stronger gains across the asian equity market. had and china, we just china property prices data coming through, pretty weak there, but still a lot of bids for these casino stocks. china out by 3.4%, a switch out from energy players. by around .3%. it had quite a good rally as we saw the won strengthened against the dollar. and newian zealand looking good, some next movement and terms of the other southeast asian markets. looking at currencies, it is about the yuan, the pboc weakening the yuan again. 6.910, a lot of analyst saying we could now see the onshore renminbi push towards that seven handle. the crudeook at price, some weakness as well, down by 1.1% at the moment. in terms of equities, generally looking good, especially the japanese equity market. rishaad: thank you. right, let's get the first word news. president obama says he won't try to stop the protests that have erupted against donald trump. he rejected calls to use his influence to rain and demonstrators. obama urged his successor to " stand up to russian president vladimir putin if he fails to
Bloomberg
Aug 6, 2017 9:00pm EDT
in china and hong kong. we are seeing a rally with malaysia just coming online. let's get a look at the early session. asia and investors are taking their cues from wall street. we have equities across the board on the rise. asx 200 down in sydney, gaining almost 1% this morning. regional stocks are set to halt a two day drop. looking mixed. we are seeing treasury continue to fall. that is holding on to friday's gains. that is something to contend with today. we do have the yen extending, easing up on some of the losses. that is giving a boost to tokyo shares, along with earnings. nikkei 225 trading a half of of percent higher. it could be set to move past the 20,000 area that it has been stuck in for the past two months. on that yen we have asset management saying it may strengthen to 100 a dollar as soon as september, if u.s. political risks or fed prompts traders to cut short. the u.s. job support could provide relief of the aussie dollar. it is getting a third of a percent, its first gain in four days with the one -- yuan falling 2/10 of a percent. steel is surgingsteel is surgi
Bloomberg
Dec 11, 2016 8:00pm EST
new zealand, bill english must face the voters. donald trump says the one china policy should be tied to trade. prices, this historic deal to cut output. oil jumping over 4%. jumping to the highest since july 2015. saudi arabia signaling it is ready to cut output more than agreed, while a non-opec countries including russia agreeing to pump less. sophie: we will have more about that deal in a bit, 30 minutes away from the open in china and hong kong. singapore, taiwan, and malaysia coming online. what is going on in the oil patch? game inhere is only one town, and it is demolishing every other safe haven. gold retreating, bonds falling, all on the account of renewed risk appetite after the meeting between opec and non-opec members. saudi arabia's surprising the markets, saying it is willing to cut more than pledged. russia and other non-cartel members coming on board as well. stocks, oil energy stocks leading the gains. energy-heavy markets like a straight up, the nikkei 225 getting that double boost, oil majors leading gains, but the impact of a weaker yen, pushing that 116 hand
Bloomberg
Jul 31, 2017 9:00pm EDT
rally. session as weg get the asian trading day underway.30 minutes away from the open in china and hong kong. we are really seeing this continued rally when it comes to commodities.iron ore up over 7%. copper surging to the highest in two years. good data out of japan. pretty solid out of south korea as well, driving positive sentiment at the start of the session. singapore, taiwan, and malaysia are coming online. sophie: with that backdrop of it isobal equity rally, coming along. commodities really helping support gains. we have steel continuing to surge, rising for a third day. forshare is continuing asian stocks. a little bit of a blight in singapore, down for a third day in the lion city. ahead of the rba decision, key on the agenda today, the aussie gaining 2/10 of a percent above the $.80 u.s. level rising for a six day and seven days. the euro slipped. wonre seeing the korean stronger for a second day. gaining after inflation trade data out. the nikkei 225 is up 2/10 of a percent. above 110 per dollar. we kick off a risk filled week. keep that in mind. we've had the longest
Bloomberg
Jun 22, 2017 9:00pm EDT
: send in senate republicans launching a new health care bill. anywhere.uyers china's most acquisitive dealmakers under scrutiny after 2016 overseas spending. don't miss some of the big interviews coming up. we will talk to hong kong's incoming chief executive, carrie lam 10 minutes from now. later, we will be joined by david rubenstein, carlyle group's chief executive. let's start off with the look at some of these companies doing a lot of business are broad, particularly last year. it got the attention of regulators. let's bring up this chart and see what the reaction was by hna , fosun, and wanda. $10 billion of overseas acquisitions. toulators stepping up scrutiny of these prolific buyers. will there be any sanctions impose? some people suggesting they may well be. the selloff of some of these companies taking place. on thursday. we have that and lots more as we limp towards the end of the trading week. that's right. if you look at those four companies, accounting for half of that $310 billion in out m&a. him in we are 30 minutes away from the open in china and hong kong, quite a b
Bloomberg
Jan 9, 2017 8:00pm EST
contracts in china and hong kong hauling ahead of a consumer and producer price data released from the mainland. that will be out in the next half hour or so. one of the big things today, in the currency space, dollar strength faltering for a second day. the korean won and the pound are the biggest decliners among major currencies so far this week, but we see the one rally won rally.we see the , strengthening. maintaining its rebound as we see haven buying, following the retreat on wall street. uncertainty.amid oil have a ring around the 52 dollar per barrel mark, recovering somewhat from an earlier decline driven by concerns over opec compliance. take a look at what is happening in the bond space. rise inebt cases the u.s. treasuries, for the third time in four sessions. the yield on the 10 year aussie tot fell six basis points 2.7. u.s. 10-year note's looking steady here as trading gets underway, after the yield fell to 2.37%, the lowest level since the fed hike in december. rishaad: let's get to sydney and get the first news. keeping it in the family when it comes to a future admini
Bloomberg
Jan 5, 2017 8:00pm EST
the inflammatory note seven issue in the last quarter. donald trump locks ones with china saying it will retaliate if the tycoon launches a new trade war. the message received and understood after a rival came in for some criticism. we've got this surge when it comes to the chinese currency, the yuan. forward, the employment report all-important for the federal reserve. all of this to be digested. >> that drop in treasury yields, about 2.34. we seen a lot of movement on friday. this is ahead of the jobs report later on tonight. markets here across the asia-pacific. we're looking at a mixed basket. i do want to know that a lot of these markets are session highs or session lows. that, we watch it every day. that,ason i'm mentioning have a look at the offshore. a big spike down yesterday. are seeing the weakness push up to about 6.8%. hit 100%ight rate yesterday. closed 60%. look at where it is. i checked, it was 105% on the overnight deposits. the overnight deposit grid for all here in hong kong. 5500 basis points. other things and want to mention, the trade deal. 7335, just about fla
Bloomberg
Oct 31, 2016 9:00pm EDT
whatever happens in china. you are seeing a takeout when it comes to the aussie dollar. we have had good days of strength when it comes to the aussie. a much flat at the moment it -- pretty much flat at the moment. 29 minutes away from the start of the session in hong kong and china. haidi: let's look at how the australians are reacting. how is it looking? >> things have actually picked up. 51.2, very good number. compared of course to what we're seeing so far. look at the aussie dollar, we are coming up lopez the moment. let's bring that down -- coming up low at the moment. let me refresh it. every single sector was down. especially oil. mining stocks are now closed for the day. we were down as much as 9/10 of 1%. 13 out of 17. let's go through some of these names. a lot of it comes down to what has been going on with the gold price, hence why we are seeing a bid there for some of these names. equity markets, we are seeing fresh. thehours from now we get rba. later it's the bok. story, with the drop in price of oil, which took the -- you're looking at u.s. crude. 46.83. we're looki
Bloomberg
Jul 19, 2017 9:30pm EDT
mainland in china hong kong opening. the hang seng adding .4%, extending and eight-day rally, but on the mainland, it is ready much flat so far after a two day rise. today, the pboc fix of the yuan slightly weaker. we do have the yuan extending its drop amid speculation that the seven-day advance we saw previously was effective, and as u.s.-china talks get off to a rocky start. ae yuan retreated from nine-month high, and the offshore rate is lower for a second session. for a quick check of what is moving in shanghai, i.t. stocks and health care leading gains, the shanghai composite slightly higher. miners on the back foot, down .3% come the segment that really the shanghaist to composite yesterday, seeing it rise over 1% on wednesday. full up the screen to show you some stocks we are watching in hong kong. after the switch up in the wanda-sunac deal. jumping on was 8% this morning there. wanda and sunac also rising. 10%, adding over 28% gain on wednesday. rishaad: thank you very much indeed for that. sophie was talking about washington and beijing not getting along particularly well, to
Bloomberg
Aug 17, 2017 9:00pm EDT
data point macro line we are looking at this hour. we are getting china property numbers, and what we have seen is this calm down for major cities. beijing and shanghai seeing quite a sharp slowdown when it comes to stocks in these major cities. moving quickly to quell what was seen as a property bubble. there were concerns of housing affordability and speculative line. we have seen the slowdown in prices. bit moreing a little moderate because these measures have not been as severe. a key point when it comes to china's economic health because we do know that the property sector there affects more than 40 other sectors, everything from cement to furniture being affected by these numbers. in about 25 minutes, we should have those numbers. been talking about the surge in volatility over data in the u.s., concerns about policy as well as that terror attack in spain. we are seeing a downside in the asian session now. >> as you said earlier, asian stocks are playing follow the leader. the drop in the s&p 500, one .5%, the second-biggest drop in 2017. -- 1.5%, the second-biggest drop in 2017
Bloomberg
Jan 23, 2017 8:00pm EST
opens the door to -- guess who -- china. a lot of people have been comparing this with the race between the u.s. and china in terms of influence in asia. right now, it looks like according to one commentor that the u.s. has put its own horse in the horse race out to pasture. rishaad: we also got trump meeting with u.s. business leaders to talk about import taxes and regulations. what do we know? ramy: in terms of import taxes, trump wants to use that as a togel or a stick in order get u.s. companies do not send their businesses overseas. take a listen. company thata wants to fire all of its people in the united states and build some factory someplace else and thinks that product is going to just flow across the border into the united states, that is not going to happen. they are going to have a substantial border tax. ramy: more rhetoric as donald trump, now we are used to hearing from them. you see around the table, ceo you on mosque from tesla, also the dow chemical ceo, johnson and johnson ceo, lockheed martin. a lot of who's who in terms of business companies from the u.s. d
Bloomberg
Apr 2, 2017 9:00pm EDT
hong kong, china and taiwan closed for trading, but singapore and malaysia coming online, a slew of asian pmi's, the markets have a lot to digest. let's get it over to david ingles. happy first day of the quarter, by the way. david: and to you as well, heidi. ofeak dollar story, a bit deals. the leaders across asia, a few flat markets. south korea .5%, new zealand, singapore, we won't get into the details. japan erasing earlier losses. have a look at the currency markets, inflows, the south korean won, a big movement with high beta currencies like the won. 1111 predicted in the next few months. all right, put this up and have a look at the commodity markets, and no movement across energy. there was a big move last week. all the information has been priced in. next key thing is what happens to inventories. that is what opec keeps saying. look at inventories and the main data. when we moved to june, we expect the needle to be moved a little bit. the bond's, yields down, aussie 10-year below 2.67%. other things we are following, very busy, a lot of central bank decisions, inflation dat
Bloomberg
Dec 29, 2016 8:00pm EST
crashed soon after leaving sochi on sunday. 92 people were killed. china is pledging more proactive fiscal policy to tackle local government risk and to defuse risk. the ministry is saying that china must assess its difficulties and protect itself from domestic and international hazards. the bank of japan governor has admitted japan is in no condition to say it has escaped to deflation or that it can reach 2% inflation. canda said policymakers relax some unknowing that the surge has been corrected. the european commission approved moneyme request to borrow . our opinion -- nomura has cut hundreds of jobs in the last few monster. japan's biggest brokerage is not done yet. announced a new plan to improve efficiency and bring costs down. how much more can he take the knife to hear? -- to here? is about cutting waste and improving productivity throughout the organization. previous cost-cutting rounds were focused on job cuts. this time, he is looking at cost-effectiveness of everything the people do. the project waterline can it is like a big ship that has -- it's called the project wat
Bloomberg
Oct 25, 2016 9:00pm EDT
hit with its first annual sales decline since 2001. again, from china fell but 10 cook remains bullish. jobs in capital will leave the u.k. mixed messages out of china, indicators suggesting there is some pessimism in the big names. a shaky start to trading in asia, a stronger yen weighing on japanese equities, but we will be watching those apple suppliers as training gets underway. we are 30 minutes away from the open, but singapore, taiwan, and malaysia coming on. reaction to the australian cpi number. expecting that to the a data check, but it has become one of the top stories playing out across equities, swaps, bond market, equity markets in sydney. the probability the rba will move has been falling. , $.77.dollar watch out for the cross between the aussie dollar and the yen. approaching the moving average. o were talking about these dd. i basically brought the chart up to show you the chances of an rba move down in december. we weren't expecting anything anyway, but there is a steep drop in that rectangle right there. that is dropping now. if you look down the road to june
Bloomberg
Aug 10, 2017 9:00pm EDT
one of the best performers among 30 major currencies. : demand from china helping singapore smash estimates in the second quarter. the economy growing far faster than thought. this is bloomberg markets: asia. ♪ rishaad: uncertainty of geopolitics affecting sentiment out there. having a look at the volatility index, going to show you what is going on, because we've got levels being elevated. ofe risk since the end october. this is where we are at the index.with the vkospi we have missile tests that elevated risks, but not quite like this. normally south korea is sanguine when it comes to the threat from the north, but nerves are creeping in, haidi. haidi: that's right, and just as well that the japanese markets have closed. to latest public holiday appreciate the beauty of the terrain in japan. that does not mean the yen is not trading. we are seeing further demand as a result of the safe haven that picked up pace overnight. we are 15 minutes out from the opening of china and hong kong. dave will take a look at the markets. dave: we went from 112 to 109, i guess keeping with your
Bloomberg
Feb 2, 2017 8:00pm EST
in asia are moving ahead at the moment. china is returning to trading, the first trading day of the lunar new year. of's bring in brian go, cia border in singapore. thank you for joining us. give us an idea why you are taking that position right now. corrects first of all, the fundamentals are fine. they are not stellar, but they are ok. the credit college mostly based on demand and supply. you are going to see of there a regressive tax system in the u.s.. on the demand side, there is a strong demand for credit and yields. on the supply side, tax reform togoing to drive companies favor equity finance or not favor debt finance. i think there will be a demand and supply imbalance. one has to be very careful, however, that one does not accidentally by duration along with that credit. rishaad: in your research, there was one thing that goes back to what you just talked about, which is the notion of the american tax system. you say the growth of inclusiveness has failed the american people. tell us about that and what you are suggesting. >> that is a much broader theme. we have practiced
Bloomberg
Jul 6, 2017 9:00pm EDT
china agreeing to the text. discussions are continuing to find wording that all 15 members can approve once and russia objected because the statement described the launch of an intercontinental ballistic missile, saying that requires more clarification. samsung electronics top estimates with his best ever quarterly operating profit as demand for semiconductors remain new flagshipe smartphone one over customers. operating income rose to $12 billion to the three months at the end of june, while revenue climbed to $52 billion. samsung is benefiting from higher prices and memory chips used in mobile's and computers. suing apple for patent infringement in a legal batter -- battle over technology used in the iphone. qualcomm once abandoned u.s. iphones that does not use its chips. --has previously caught off cut off payments to qualcomm. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: world leaders in hamburg for the g-20 facing shifting global alliances and divisions on protectionism and client change in v
Bloomberg
May 17, 2017 9:30pm EDT
dollar popping above 74.39. thanks, paul. breaking news out of china. property prices for april. tom mackenzie is in china. these are not going down. it. it does not look like we are waiting for the overall number. we are still waiting for the price rises. details from beijing, shanghai, and shenzhen. beijing, house prices of 22 point 5% in april, year on year. for april, house prices in shanghai of 14.2% year on year for april. shenzhen, house prices for april up 6.7% year on year. monthly basis, house prices unchanged, so cooling in shenzhen, but beijing strong indeed. the overall number, prices in china in april rose in 58 cities of the 70 monitored, down from the 62 we saw in march. really that march number surprised many, much stronger. so prices rising and slightly fewer cities than the month before, but still showing relative strength. has been number explained because people said a rush as people sought to block him before more cap's were put into place. cities, the major cities come have put in regulations to make it more difficult, bigger deposits, harder to buy a second ho
Bloomberg
Sep 25, 2017 9:00pm EDT
away from the opening in china and hong kong, but singapore, hong kong, and malaysia. does it feel like we are paying more attention? we are talking about fx and iron or or metals. it could be more bearishness in sentiment these days. >> it looks like jaded investors might be shaken out of their indifference because this time i feel just a little bit different given the latest round of rhetoric between d.c. and pyongyang. it is looking bearish. you have stocks in korea and tokyo leading the drop in the equity space. the kospi falling for a sixth- straight session. we do have the yen holding below that 112 level, trading at 111.62. we are seeing gold on the back foot, but remaining above the 1300 level after climbing back above that overnight. we have the dollar holding near a three-week high, gaining the most against the kiwi, which is fighting .3%, extending the drop. the offshore yuan is trading a one-month low. reduced demand. we have the aussie losing just a little bit of ground here. saying aussie is looking to strong given the economic that drop. falling .4%.on they are leadi
Bloomberg
May 1, 2017 9:00pm EDT
before the trading day gets underway. just taking a look at what's been going on. china under pressure. the shanghai composite. let's go to the bloomberg terminal. showing -- it is showing china's a run of essentially a solid economic indicators, moving to consolation for the shaky financial market we saw last month. we saw the tightening in money market liquidities from autumn last year. equitieslt, we've got fighting weakness. that is the top graph, the shanghai composite. that went down in april from near record highs. haidi: all of this despite having two consecutive quarters of pretty strong gdp growth out of china. that is not being reflected when it comes to market sentiment. we had the day off yesterday. they are rejoining trading in around 30 minutes.elsewhere, the story of yen weakness playing out. australia is front and center ahead of the rba decision. let's look at how the markets are faring. have stocks in tokyo and seoul leading the offense in asia, with the yen weakening and diluting exporters in tokyo. take a look at the currency space. the won snapping a today drop. -
Bloomberg
Oct 10, 2016 9:00pm EDT
keep you up to speed with these headlines. shery: we are 30 minutes away from the opening in china and hong kong. singapore and malaysia have just come online. we do have some positive sentiment from wall street. >> markets are tracking higher. dbs in just aon bit. we are following samsung closely. if you take some sung -- samson out of the equation, it would be much higher than it is. what happened yesterday, it fell more than 4%. thatflow not in favor of happening. taiwan is reopening as well. buyers, potential buyers, a very segmented of the market? will they shift to the apple iphone seven? markets in the asia-pacific are on their way up. gains on wall street as well. japan trading for the first time this week. the other market we are following his thailand. something to watch. what else are we following? dbs. are we getting any sort of reaction? not exactly the biggest fine. these are two big apple suppliers. have a look at bond yields. we are seeing yields on the way up. , 2.2% -- 2.26%, the highest in three months. a little bit of catch-up when you look at the yields. very q
Bloomberg
Nov 5, 2017 8:00pm EST
before going to china the two leaders, mr. trump and mr. abe, would like to show the very strong ties existing between very strongat is a message to china that japan and the united states, the strongest ally in this region of asia-pacific, so trade issues should not shadow this bilateral relations. the issue certainly plays an important role in protecting the u.s.-japan alliance into the rest of the region of asia-pacific. haidi: stay with us. i want to bring in stephen engle in tokyo covering the meeting. before i getng up you to summarize the lines from president trump today, i want to bring up this function on the bloomberg that sets up the big picture when it comes to trump and what he is focusing on, the trade between countries like japan, china, south korea on this trip with the united states . this is total trade. the next biggest is japan, but take a look at the trade deficit. is a $69 billion trade deficit with japan. being good putting up front and center so far on this trip. absolutely. he has talked about free, fair, and reciprocal trade. negotiated new a agreement wi
Bloomberg
Apr 6, 2017 9:00pm EDT
. lee. watching "bloomberg markets: asia" on this friday, markets boy in. - bullion talks between china and the u.s. underway at the moment, president xi jinping and president trump at dinner. this chart is showing trade will be at the top of the agenda. u.s. reliance on chinese trade as a percentage of global volume, 17%, close to the highs issue ofbut still an currency and could get quite interesting. bloomberg data suggests china's trade sensitivity when it comes to how that reacts to a weakness and the currency, that correlation has diminished come as so it will be interesting to see what the u.s. has to say on the trade front, but most deliverables when it comes to president ximp and jinping under domestic pressure to come up with the goods. electronics seems to have shrugged off scandals over product safety and corporate corruption to post fire first court of profit and sales. stephen ingles is on the story. fiasco, the note seven jay y. lee in jail, it can't keep the company down. were talking about deliverables. samsung delivering to shareholders because of the strength in the o
Bloomberg
Oct 19, 2016 11:00pm EDT
u.s. growth to china. he basically wants to get the growth engine going. for her part, hillary clinton, of course, also talking about how the policies that perhaps mr. trump, if elected, would be putting in place would actually lead the u.s. into a recession. have a listen. secretary clinton: his whole plan is to cut taxes, to give the biggest tax breaks ever to the wealthy and to corporations, adding $20 trillion to our debt and causing the kind of dislocation we have seen before because it truly will be trickle-down economics on steroids. the plan i have i think will actually produce greater opportunity. the plan he has will cost us jobs and possibly lead to another great recession. entry: notable in this part of the world, clinton also called policymp for his defense in which he said that japan and saudi arabia and a lot of other countries like south korea have not been paying their way. america needshat to maintain those strong relationships. definitely a policy difference. david: this time around, there when itt more discussed comes to policy. how deep in debt the u.s. is.
Bloomberg
Nov 14, 2016 9:00pm EST
get in. samsung putting big money on that. thank you so much. rishaad: looking at china, national petroleum corporation, the parent company of petrochina, could be looking to spin off most of its non-energy assets, forcing it to streamline because of oil. haidi: tom has been looking into this, what a rehearing so far -- what are we hearing so far? two weeks of low oil prices are taking their toll on this energy giant, the parent company of petrochina. they're looking at spinning off a number of different units that make up about 10% of their employees, units like schools, utilities, hospitals. these are largely nonprofit making according to the company and will be spun off and takened up and probably over by regional governments or joint ventures with the help of outside investors. it is part of the streamlining whichs for the company, employs around 1.5 million people, making it the sixth largest employer on the planet. as ais part of a push state owned enterprise that has been able to whether some of these weaker oil prices thanks to cheaper loans, but this is coming to fruit no
Bloomberg
Mar 15, 2017 9:30pm EDT
. anbang said it has no investment in this deal. china's annual name and shame has identified nike, accusing the company of using false marketing practices. a japanesegeted retailer, saying it store sold products that were mislabeled. fromid some goods came areas contaminated by the fukushima nuclear meltdown. record profit at japan's biggest companies have not translated into big pay awards for staff. and a sonic to have announced smaller wage increases for the next fiscal year. monthly base pay at the average. rising $11 on analysts say prospects for exporters are clouded by threats affecting trade and growth in the region. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. haidi: thanks for that. and just a moment we do have the qantas a ceo with us to talk about the carriers remarkable turnaround. his strategy going forward, he is, and the plan for the flying kangaroo in the future. that is coming up next. this is bloomberg. ♪ ♪ you are back with "bloomberg markets: asia". i am rishaad salamat in hong
Bloomberg
Sep 7, 2017 9:00pm EDT
the are watching for trade out of china this morning. it could come out this afternoon. we will be counting down to that. you have the currency, trade. trade has been good. it the the currency has been strong. chart 6568. there you have the onshore rate, blue. in there we go with this uptick. unexpected growth this year are setting the weakness because of this pullback. borrowing costs have been on the out across different cities, local governments in china. we have the fix in 17 minutes. hopefully we will get the latest trade numbers out of china. markets are set to open in less than 30 minutes. we are looking at what, sophie? barrage aspare for a we have dollar weakness to contend with. take a look at the bond market. bonds rowling, korean bonds catching a bid has the five year yield dropped. we have stocks lower. the kospi sinking for a fourth day. a mixed bag when it comes to equity markets. check out the currency space. the hong kong dollar surging the most since january 2016. the malaysian ringgit stronger, breaking through that level. on thursday,hold but the central bank di
Bloomberg
Jul 10, 2017 9:00pm EDT
been going up exponentially. this will go up with other internet superstars out of china getting into the action. absolutely. we are always still watching for that potential ipo, that crown jewel of alibaba. look at the numbers compared to amazon prime day, we are expecting somewhere south of one billion. $18aw sales of almost billion last year for alibaba's day. we are around 30 minutes from the open in hong kong and china. janet yellen's testimony to congress is on everyone's mind. we are kicking off earnings seasons for the second quarter as well. singapore, taiwan, and malaysia are coming on as well. sophie: the start of tuesday in asia, opening around half a percent higher, perhaps tracking the rebound in tech shares on wall street. we have shares in wellington as rising,kiwi bonds although the kiwi dollar is falling following flat car spending for june. gains in tokyo as well as in seoul. 8/1000 swinging up about of a percent. keep an eye out for what's happening with time -- japanese tech yields. -- japanese 10 year yields. at the currency space, we are waiting on the philippin
Bloomberg
Oct 12, 2016 9:00pm EDT
. we are counting down to the opening in china and hong kong. elsewhere, no real clear lead coming out of the dow , a lackluster session. the nikkei is the only one outperforming. a quick check of the latest business flash headlines. japan's top rated analyst saying the boj will have to taper bond buying as soon as a year from now as it runs out of willing sellers. the good news is yields won't job and the central bank will be able to keep its promise of a 10 year yield around zero. the magnitude of bond holdings will allow tapering without volatility. haidi: hyundai voters reached a wage deal following the worst strike, causing the company billions of dollars. hyundai will increase pay by 72,000 won and incentives worth three-time salary. members are set to vote on friday. rishaad: hanjin steaming ahead, the court selling core assets this week. and 8.8% gain at the moment. it is quite a move. the court said it wanted to dispose of the container line as an entire entity, but then agreed to a piece by piece sale here it -- sale. landed a deal to sell a dozen dreamliner's to china southe
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