The emirates. I am yousef gamal eldin in dubai. I am shery ahn and hong kong. Cautious trading ahead of President Trump and Janet Yellens speech on friday. Take a look at the gmm function, the nikkei has gained this session on the back of a weaker yen, but the dollar has been stalling. There could be some strong selling of the dollar due to portfolio rebalancing flows on the last a of the month. Trading belowlar . 78 despite strong overnight gains and a jumps and corporate profits. Commodities, rubber leading declines, inventories pretty high in china. It is all to do with President Trump and what he has called his Public Safety budget. Yousef yeah, if you look at how , the 10asury yields year slightly higher as we await more details on the spending priorities. In terms of government spending, how things have worked in the past. Pull it up on your bloomberg. This is the chart that tells the story, democrats versus republicans. Traditionally, the democrats would have ended up with a bal
Globe with a changing of the guard in saudi arabia. The man who for decades has been in charge of the largest proven crude reserves in the world has been replaced. The oil minister of saudi arabia, ali al naimi, the de facto leader of opec and when he spoke, others followed. Now theres a new man in that role and he could usher in longterm change for the sector thats been the touch point for the market. Hadley gamble reports from riyadh. Reporter after 23 years on the job, veteran oil minister ali al naimi thanked colleagues for their support on sunday, moving into a new position as adviser to the royal court and making way for a new generation of saudi leaders. Known as the super team, 24 ministers passed revamping the saudi state, including a new minister of oil. While the new appointment doesnt seem to signal a change in government policy, the reshuffle is in line with moves by the deputy crown prince to consolidate power behind the royal court. All ahead of the lifting of 5 of saudi
But we begin halfway around the globe with a changing of the guard in saudi arabia. The man who for decades has been in charge of the largest proven crude reserves in the world has been replaced. The oil minister of saudi arabia, ali al naimi, the de facto leader of opec and when he spoke, others followed. Now theres a new man in that role and he could usher in longterm change for the sector thats been the touch point for the market. Hadley gamble reports from riyadh. Reporter after 23 years on the job, veteran oil minister ali al naimi thanked colleagues for their support on sunday, moving into a new position as adviser to the royal court and making way for a new generation of saudi leaders. Known as the super team, 24 ministers passed revamping the saudi state, including a new minister of oil. While the new appointment doesnt seem to signal a change in government policy, the reshuffle is in line with moves by the deputy crown prince to consolidate power behind the royal court. All ah
But we begin halfway around the globe with a changing of the guard in saudi arabia. The man who for decades has been in charge of the largest proven crude reserves in the world has been replaced. The oil minister of saudi arabia, ali al naimi, the de facto leader of opec and when he spoke, others followed. Now theres a new man in that role and he could usher in longterm change for the sector thats been the touch point for the market. Hadley gamble reports from riyadh. Reporter after 23 years on the job, veteran oil minister ali al naimi thanked colleagues for their support on sunday, moving into a new position as adviser to the royal court and making way for a new generation of saudi leaders. Known as the super team, 24 ministers passed revamping the saudi state, including a new minister of oil. While the new appointment doesnt seem to signal a change in government policy, the reshuffle is in line with moves by the deputy crown prince to consolidate power behind the royal court. All ah
A lot of Corporate News this morning. First, lets get a check of the bigger market picture. U. S. Equities closed out of correction territory yesterday. A good rally weve seen over the last ten days or two weeks. Sparked, perhaps, some say, when jamie dimon stepped in and bought some shares. The dow called to open down by about 110 points. The nasdaq by 34. Lets have a look at european trade, where we are seeing some red there as well across the board. The ftse 100 is in the red today. Its down 0. 7 , led lower by Standard Chartered, which reported a fullyear loss for the First Time Since 1989. Asia also showing some red today. Nothing too pronounced. 0. 8 declined for shanghai. There are still concerns lingering about china, about the state of global growth, about the state of earnings, which hasnt been all too bright. Well see what the guidance looks like on the consumer names. In other words, the fundamental problems that have been with us since the beginning of year are not complet