1 00:00:00,040 --> 00:00:03,560 Speaker 1: This news when you wanted with Bloomberg News. Now, I'm 2 00:00:03,560 --> 00:00:04,640 Speaker 1: Stephen Carroll. 3 00:00:04,440 --> 00:00:06,120 Speaker 2: And I'm Caroline HIPKEA. 4 00:00:06,160 --> 00:00:09,800 Speaker 1: Sanae at taka Ichi, a pro stimulus conservative, is poised 5 00:00:09,840 --> 00:00:14,120 Speaker 1: to become Japan's first female prime minister. Japanese equities led 6 00:00:14,160 --> 00:00:17,239 Speaker 1: Asian stocks to an old time high following her surprise 7 00:00:17,360 --> 00:00:21,480 Speaker 1: win and the ruling LDP's leadership race. While equity investors 8 00:00:21,480 --> 00:00:25,160 Speaker 1: embraced the news, bond markets did not longer dated. Japanese 9 00:00:25,200 --> 00:00:28,720 Speaker 1: bond slid, with the forty year yields surging as investors 10 00:00:28,760 --> 00:00:33,040 Speaker 1: balanced the potential upside of stimulus against debt market risk. 11 00:00:33,440 --> 00:00:36,600 Speaker 1: With more here's our editor at large in Tokyo, Sherry Anne. 12 00:00:36,880 --> 00:00:39,879 Speaker 3: We know that Sanaiatakaichi is a nationalist. We know that 13 00:00:39,920 --> 00:00:42,400 Speaker 3: she's a fan of Margaret Thatcher, a fan of heavy 14 00:00:42,440 --> 00:00:46,200 Speaker 3: metal music as well. But it's really the pro growth 15 00:00:46,240 --> 00:00:49,879 Speaker 3: policies that Sanattakaichi has talked about that is really the 16 00:00:49,920 --> 00:00:54,320 Speaker 3: focus for investors. She's talked about the bog's easy monetary policy. 17 00:00:54,440 --> 00:00:57,440 Speaker 3: Tone down her rhetoric during this election campaign, but we 18 00:00:57,560 --> 00:01:01,000 Speaker 3: know that she wants to continue expanding fiscal policy. She's 19 00:01:01,080 --> 00:01:04,959 Speaker 3: promised cash Handel's tax rebates hinting and raising the tax 20 00:01:05,000 --> 00:01:06,880 Speaker 3: free income allowance as well. 21 00:01:07,240 --> 00:01:09,919 Speaker 1: Sherry Anna was speaking as analysts that Goldman Sachs warns 22 00:01:09,920 --> 00:01:13,959 Speaker 1: that volatility in Japan's longer dated bonds may now spill 23 00:01:14,000 --> 00:01:17,000 Speaker 1: over into markets as far away as the US and UK. 24 00:01:17,600 --> 00:01:20,479 Speaker 1: Scrutiny of longer data debt and many developed economies has 25 00:01:20,480 --> 00:01:25,000 Speaker 1: increased as government's ramp up borrowing and inflation remains stubbornly high. 26 00:01:26,319 --> 00:01:26,479 Speaker 3: Now. 27 00:01:26,520 --> 00:01:29,720 Speaker 2: The growing fiscal concerns in some of the world's biggest 28 00:01:29,760 --> 00:01:33,640 Speaker 2: economies has seen some investors flock to the perceived safety 29 00:01:33,720 --> 00:01:38,000 Speaker 2: of precious metals and bitcoin. Gold hit another record today 30 00:01:38,040 --> 00:01:41,160 Speaker 2: and is now closing in on four thousand dollars an ounce, 31 00:01:41,440 --> 00:01:44,959 Speaker 2: following a glittering run that's seen its surge almost fifty 32 00:01:45,000 --> 00:01:49,120 Speaker 2: percent this year. Bitcoin meanwhile, set another all time high 33 00:01:49,120 --> 00:01:52,200 Speaker 2: over the weekend as a border risk rally around the 34 00:01:52,280 --> 00:01:56,360 Speaker 2: US government's shut down. Boyd, the world's largest cryptocurrency. 35 00:01:57,440 --> 00:02:00,960 Speaker 1: Her mass representatives have arrived in Egypt for peace talks, 36 00:02:01,080 --> 00:02:04,840 Speaker 1: seen as the most optimistic moment for diplomacy in the 37 00:02:04,880 --> 00:02:08,720 Speaker 1: war with Israel. US President Donald Trump is pressing both 38 00:02:08,760 --> 00:02:11,760 Speaker 1: parties to end their near two year war and sign 39 00:02:11,840 --> 00:02:15,400 Speaker 1: up to his twenty point peace plan. Trump told reporters 40 00:02:15,440 --> 00:02:17,880 Speaker 1: he's honored to be a big part of it. 41 00:02:18,480 --> 00:02:20,600 Speaker 3: They've been fighting for a plan for years. 42 00:02:20,960 --> 00:02:23,639 Speaker 2: We get the hostages back almost immediately. 43 00:02:24,040 --> 00:02:27,280 Speaker 3: Negotiations are going on right now, will probably take a 44 00:02:27,320 --> 00:02:29,959 Speaker 3: couple of days, and people very happy. 45 00:02:29,760 --> 00:02:33,680 Speaker 1: About it, but details of what President Trump's plan would 46 00:02:33,680 --> 00:02:37,560 Speaker 1: mean for Gaza's long term future are unclear. For its part, 47 00:02:37,639 --> 00:02:40,959 Speaker 1: Hamasa has said that it will release all hostages if 48 00:02:41,000 --> 00:02:44,639 Speaker 1: the deal is signed, but haven't yet agreed to disarm. 49 00:02:44,840 --> 00:02:48,280 Speaker 1: After nearly two years of fighting, The UN backed organizations 50 00:02:48,320 --> 00:02:53,280 Speaker 1: say Palestinians have been subjected to famine and genocide. 51 00:02:53,760 --> 00:02:57,280 Speaker 2: Here in the UK, Home Secretary shabanamatt Mood says that 52 00:02:57,320 --> 00:03:00,960 Speaker 2: she is considering new laws to ban repeated protests in 53 00:03:01,000 --> 00:03:04,960 Speaker 2: Britain after pro Palestine marches over the weekend. Almost five 54 00:03:05,040 --> 00:03:08,160 Speaker 2: hundred people were arrested at a march on Saturday the 55 00:03:08,200 --> 00:03:10,800 Speaker 2: police and the government had tried to cancel after a 56 00:03:10,919 --> 00:03:14,720 Speaker 2: terror attack on a synagogue. Mahmood says the large scale 57 00:03:14,760 --> 00:03:18,959 Speaker 2: demonstrations over Gaza are causing considerable fear for the Jewish 58 00:03:19,000 --> 00:03:20,560 Speaker 2: community and. 59 00:03:20,520 --> 00:03:24,359 Speaker 4: What I will be making explicit is that cumulative disruption. 60 00:03:24,560 --> 00:03:27,840 Speaker 4: That is to say, the frequency of particular protests in 61 00:03:27,880 --> 00:03:31,600 Speaker 4: particular places is in and of itself a reason for 62 00:03:31,639 --> 00:03:34,679 Speaker 4: the police to be able to restrict and place conditions. 63 00:03:34,720 --> 00:03:36,040 Speaker 4: That is to say, they can move them to a 64 00:03:36,040 --> 00:03:39,480 Speaker 4: different place, they can restrict the time that those protests 65 00:03:39,560 --> 00:03:40,320 Speaker 4: can occur on. 66 00:03:41,640 --> 00:03:46,320 Speaker 2: Mamood's critics include civil liberties groups like Amnesty International, who 67 00:03:46,360 --> 00:03:50,520 Speaker 2: warn the UK's right to protest is being eroded. Reports 68 00:03:50,520 --> 00:03:54,440 Speaker 2: of anti Semitic and Islamophobic attacks in Britain are on 69 00:03:54,480 --> 00:03:57,800 Speaker 2: the rise as security officials fear the war in Gaza 70 00:03:58,200 --> 00:04:00,040 Speaker 2: radicalizing people living. 71 00:03:59,800 --> 00:04:05,760 Speaker 1: In French, President Emmanuel Macran has appointed a largely unchanged cabinet, 72 00:04:05,840 --> 00:04:08,800 Speaker 1: with most senior ministers from the previous government staying on. 73 00:04:09,400 --> 00:04:12,680 Speaker 1: Among the key changes, Roland'scure, a close ally of the president, 74 00:04:12,760 --> 00:04:16,400 Speaker 1: becomes Finance Minister, while former minister Bruno Lemeyer returns as 75 00:04:16,480 --> 00:04:20,440 Speaker 1: Defense Minister. The announcement of sparked backlash from opposition parties 76 00:04:20,440 --> 00:04:23,440 Speaker 1: who've demanded a change of course. After months of political 77 00:04:23,520 --> 00:04:26,840 Speaker 1: turmoil that could threaten Prime Minister Sebastian le Corn Who's 78 00:04:26,880 --> 00:04:29,960 Speaker 1: survival and parliament this week, Opposition groups have said they 79 00:04:30,000 --> 00:04:32,279 Speaker 1: will call a no confidence vote as soon as he 80 00:04:32,360 --> 00:04:35,960 Speaker 1: lays out his policy plans in the National Assembly tomorrow. 81 00:04:37,080 --> 00:04:39,800 Speaker 2: OPEK plus has agreed to return one hundred and thirty 82 00:04:39,839 --> 00:04:43,880 Speaker 2: seven thousand bowels a day of halted supply to markets, 83 00:04:44,279 --> 00:04:47,880 Speaker 2: a slower pace than earlier this year. That's despite signs 84 00:04:47,920 --> 00:04:51,000 Speaker 2: of a global oil surplus starting to emerge, and after 85 00:04:51,080 --> 00:04:55,599 Speaker 2: an earlier difference in position between co leaders Saudi Arabia 86 00:04:55,680 --> 00:04:59,760 Speaker 2: and Russia. Our reporter wayland Soon says Opek producers are 87 00:04:59,760 --> 00:05:02,240 Speaker 2: each facing different circumstances. 88 00:05:03,040 --> 00:05:06,920 Speaker 5: Some like Russia is actually trying to contend with like 89 00:05:07,000 --> 00:05:11,120 Speaker 5: increased attacks on its oil production capacity. So that's all 90 00:05:12,040 --> 00:05:15,000 Speaker 5: put pulling back some of their potential production. We do 91 00:05:15,120 --> 00:05:17,920 Speaker 5: see some estimates for their one hundred and thirty seven 92 00:05:17,960 --> 00:05:21,440 Speaker 5: thousand barrels per day that or PEC promise over the weekend. 93 00:05:21,640 --> 00:05:24,320 Speaker 5: Actually Russia takes up about a third of that, and 94 00:05:24,640 --> 00:05:27,479 Speaker 5: a third of that might come under stress because of 95 00:05:27,520 --> 00:05:30,160 Speaker 5: your princess tacks on our expot facilities. 96 00:05:31,000 --> 00:05:35,000 Speaker 2: Bloomberg's Waylandson speaking there, The decision to drip feed more 97 00:05:35,080 --> 00:05:39,000 Speaker 2: barrels into the market shows Opek's commitment to keep battling 98 00:05:39,040 --> 00:05:42,520 Speaker 2: for a share of the global oil market, but the 99 00:05:42,560 --> 00:05:46,320 Speaker 2: market's forward curve, which is closely watched by OPEK, is filtering. 100 00:05:46,520 --> 00:05:50,560 Speaker 2: Wall Street forecasters like JP Morgan and Goldman Sachs expect 101 00:05:50,680 --> 00:05:55,080 Speaker 2: the oil price slide will extend below sixty dollars a barrel. 102 00:05:56,400 --> 00:05:59,279 Speaker 1: Those are your top stories on the markets. The mscis 103 00:05:59,279 --> 00:06:02,120 Speaker 1: specific in is up slightly on the day, with the 104 00:06:02,120 --> 00:06:04,240 Speaker 1: standout performer in Asia is the Nika and Tokyo, which 105 00:06:04,279 --> 00:06:07,520 Speaker 1: is four point seven percent higher. The topics up by 106 00:06:07,560 --> 00:06:10,040 Speaker 1: three point two percent, the Japanese yen one point nine 107 00:06:10,040 --> 00:06:13,039 Speaker 1: percent weaker against the dollar at one fifty thirty, one 108 00:06:13,040 --> 00:06:16,120 Speaker 1: point eight percent weaker against the Euro at one seventy 109 00:06:16,200 --> 00:06:19,400 Speaker 1: six twenty three. The Bloomberg Dollar Spot Index three tenths 110 00:06:19,480 --> 00:06:22,599 Speaker 1: stronger this morning, the eurotraining at one seventeen twenty three. 111 00:06:22,640 --> 00:06:25,919 Speaker 1: Eurostocks fifty futures are up by a tenth of one percent. 112 00:06:26,400 --> 00:06:29,320 Speaker 2: That's news when you want it with Bloomberg News. Now, 113 00:06:29,400 --> 00:06:30,800 Speaker 2: I'm Caroline Hepka, I'm 114 00:06:30,839 --> 00:06:33,160 Speaker 1: Stephen Carroll, and this is Bloomberg