Potential impact it has on the United States and global markets. This is about an hour. [inaudible] thank you all for joining today. Happy new year. Have you here at aei. With the clock running, i want to kind of moved into a broader discussion. We had the opec deal reached in november, and this comes after watching the price go up and down over the year. 2017, the question is will the price hold . The newon for president elect donald trump and his administration, and also for you producers and nonopec producers. It is an interesting moment. I thought of looking at the price of oil before coming to the event, and it is at about 55. That is about the range they were hoping for back in november. It is an interesting moment to watch. Discussion,t with we will give a few moments for opening remarks, and then we e the full that one moment moment. The full one i believe you also served at one point in the Bush Administration in the white house. The reagan administration. And we have the coor
It is just midday. Welcome to Bloomberg Markets. With resources and energy just some of those gains, Goldman Sachs reaffirming its bullish stats. Oil, feeling some downward pressure today. Oil in focus once again. Euphoria, saying this is aliance , on thewant to show you panel, it is now the highest since 2014. The bottom panel, that is your crude price. I want to point out that libya is exempt from this agreement. The thinking was that the two countries are facing unrest and as a result they dont have to take part in the production cut. If the libyan rebound continues it could possibly derail the ambitious plans g opec and nonopec have. Oil, we haveout bets from traders thinking that in new york and london it would converge at some point in december of 2018. sw with this talk of trump border tax that could diverge. Take a look. Those bets are falling. The end of this year. Given that we have a Republican Congress that could move in favor of u. S. Produced taxes, gaining over a brand w
Committee. We are 30 minutes away from the end of the monday session. Donald trumps executive order holding, immigration is reverberating around the world. Look at these declines we are seeing. By 2. 8 . Portugal 2. 6 . Greece is down by 3. 5 today. The other three below that are rising against the dollar. Portugal 10 year, italy twoyear. In the far two columns. A big piece of data, germany inflation accelerating. The light line is german inflation, 1. 9 versus 1. 7 . The highest rate since july 2013. 2 was the forecast. The other is the greek number from spain and germany, all below that is eurozone all below the eurozone. Does that put some discussion it to play when it comes to the Balance Sheet . Ecb, germans hoping with a mere zero deposit rate in connection taking place in germany as well. About winding down its bond buying program. German inflation number plays into thats nicely. Lets get to spain gdp. Look at that. 7 maintaining the same pace of growth. Below the. 8 in the firs
Forecast. I am yousef gamal eldin. Ahn. i am shery we are seeing that Global Equity trading, andian asian currencies gaining ground. Ome the nikkei losing 1. 5 a very important day for india as we get the 2017 Economic Survey and the annual estimate this evening. Losing ground,00 miners reeling, as oil prices coming down. Ally, this entire week were the about Central Banks. Yousef absolutely. We have a big week for Central Banks, the fed, boj, also the brings up this conversation around policy and pressure on the u. S. Dollar. Let me show you a chart that tells the story. Ecb tried to hike rates, but to turn a corner. This is the state of play of key Central Banks. The line in yellow is the fed target rate. On the fact they may not change rates, the base case expectation, but looking very carefully as to what they will possible balancen sheet reduction, speaking of possible passive shrinkage. Lets speak more about rising fromons, big developments the Trump Administration. The white hou
Spiral against a wounded Hillary Clinton who today is dealing with the leaking of even more secret emails. We have Fox Team Coverage tonight. Jennifer griffin is with the nominee campaign. We begin with chief Political Correspondent carl cameron with the trump team in pennsylvania. Good evening. Reporter hi. Were a day after his combative debate performance which was specifically designed to reassure republicans that he could still beat Hillary Clinton. Donald trump is claiming victory. And i will never stop fighting for you against the washington establishment that has betrayed each and every one of you. Reporter despite a stronger than anticipated debate f performance, trump has not put skeptics to rest. Paul ryan held a conference men today and said he will no longer defend trump and he will focus on protecting the majority. Trump lashed out. Paul ryan should spend more time on balancing the budget, jobs and illegal immigration and not waste his time on fighting republican nominee.