On how much it is linked to pay on its first ever International Bond now. International bond sale. Well is stalling 50 and 60 as u. S. Shale fields counteract opecs attempts to limit supply. It is 8 00 a. M. Across the emirates, 5 00 a. M. In london. I am tracy in dubai. And im angie lau in hong kong. Welcome to Bloomberg Markets middle east. We are seeing the market mostly positive here in asia, especially after thirdquarter gdp coming in line with estimates for china showing stabilization, but industrial output was amiss, so that actually saw some pullback. What is happening over there . Tracy the e big news here has t to be the saudi bond sale. We had initial price guidance from the banks yesterday. We are going to have to wait for the actual orders to come in to see the actual price guidance, but i have got charts that give you some idea of what is going on. Levelsows fiveyear cds for saudi arabia versus alou david versus qatar. We are seeing saudi arabia looking like it is going t
Yousef it is 8 00 00 a. M. Across the emirates, 5 00 a. M. In london. I am yousef gamal eldin. Yousef and im angie let angie and im angie lau. Were watching the wall street losses, especially angered by the apple performance. Also, Energy Shares sliding as well. It seems that people are taking a waitandsee approach. Angie absolute yousef absolutely. You have stocks in Global Markets that have slowed to a crawl here, to levels we have not seen in some two years. We put together a chart you can easily pull up on your bloomberg to get an idea of what has been happening. This is revisiting that volatility that we have not seen since late 2014. Is this a cause for alarm coming given the possible risks . Links looking at price driven by option strain. This is normally known as the bank of America Merrill lynch crossett index. This is five Straight Days of decline. That is the longest streak ins may since may. Analysts say this is given by the slightly more certain picture we are seeing on th
Singapore, malaise yarks taiwan and the philippines looking quite good. Korea holding on to gains from yesterday. Weakness coming through on the nikkei 225. We had the First Quarter g. D. P. Numbers coming through in line with what the market was looking for. We have seen japanese stocks if you cant. That is due to the fabblingt that we are fact that we are still seeing some weakness. Down. 5 . Still an hour to go in the morning session. Weakness in australia. Down. 2 . Just want to do a quick check on the aussie dollar as we await these dollars coming through out of china. Leaving rates on hold yesterday and the yen continuing to strength playing into the equity market. Through 107, 106. 76, rish. Rishaad we have a survey, Bloomberg Survey expecting more signs of stability but perhaps indications of weakness. Still waiting for the numbers to cross. A little bit delayed today. But youre wait. Were going to see maybe a return to a little bit more weakness. Is that the right way to put i
Tanks another 98 employees good we are going to see employees. We are going to see the bloomberg taking us out. We are on the euro stoxx up by 1 . The ftse 100 up by 1. 1 . The cac up just shy of 1 . In forive start priced european stocks. Caroline significant moves in the euro stoxx 50. Check out on the fx market. Currently similar moves we saw in asia. On was that risk flooding into the equity market in asia. The british pound up. 4 , up against 31 of its trading partners today. The euro up. 4 higher. They are one of the most accurate forecasters of the british pound. 1. 15. 15 brent crude up 3 . We got a great oil guest coming up. U. S. Pulling back production and boosting overall crisis. Lets get more on what is happening in the wood of business. First word news with selina wang. Caroline could voting has begun in britains the stork referendum. Britains historic referendum. We will be following all of the action with special coverage tomorrow. The ecb has reinstated its waiver on g
We are not seeing Much Movement in stocks today. It is a mixed picture with the nasdaq trading slightly lower even as the other major averages are on the rise. To find outiting the results of the u. K. Vote tomorrow, which we will be reacting to on friday. We have financials in terms of the most heavily weighted groups. Materials and on the bottom energy and utility shares pulling back. Hp andto point out fedex. Profitame out with a that was in line with analyst projections. Also fourthquarter earnings beat estimates. But analysts appeared to be concerned about the company not offering much clarity on its acquisition of tnt and what thats going to contribute to the business. Hp raising its forecast for the full year. It is also divesting some assets. Its going to use the proceeds to reduce buildup inventory in the printing business. Optimism among analysts that it will improve. That may be what is weighing on the shares today. We are seeing the dollar decline. 5 going into the brexit v