I am tracy alloway. This is Bloomberg Markets middle east. We have to talk about Donald Trumps executive order. Temporaryudges have block to the Trump Administration from enforcing that executive order that would have led to the deportation of refugees and visa holders. The order has led to people being detained at airports across the country and has raised anger across the globe. Let me see if i can start with a chart i prepared for this segment. This is one of my favorite indexes. U. S. Migration fear index, a count of certain words in news stories associated with fear around immigration. It is at a record high after trump won the election, so if we assume that text of this executive order has not been stringent enough to make people certain of what it allows and does not allow, it seems like it has been open to interpretation, and given that environment and the worries over migration, it seems like that is causing a lot of problems right now. That is exactly right. The issue is that
Welcome to bloomberg markets, middle east. We are seeing asian stocks falling for a second consecutive session. The dollar rebounding slightly. The optimism we saw earlier after trumps election victory is starting to fade. The dollar is trading near the lowest levels since november. A lot of it is about the u. S. Dollar. About where the economy is going. Take a look at this chart. It is specifically showing we january retrenchment in which leaves us with optimism below above preelection. The initial drive higher was off of the back of the promise of fiscal spending but the reality. S the line in yellow following the market was looking for 112. 8. What is needed now to sustain these kinds of levels is more clarity about fiscal policy. Everything depends on the pace of income acceleration to a larger extent than any optimism about the economy. Expectations may be coming down. What is interesting is the move between oil and the dollar. Take a look at my chart. That oil and the dollar are
Twitter. Class i am across the emirates, 4 00 a. M. In london 8 00 a. M. Across the emirates. Welcome to Bloomberg Markets middle east. Claim seeing the regional index gaining slightly. A mixed picture. Investors trying to gauge a response after the fed left its key benchmark rate unchanged. Lacking clear direction at the moment. Yousef a pause for reflection in many of these asset classes. F1c offering little surprised in its statement. Of this chart gives you better expected these markets getting a lot twitchier. I pulled some strings to get you this number. 3 key indices. Fcx isity in global high, in white. Look how low that is compared to other indices. The bond index volatility. Keep an eye on these spreads with the rising Political Risk in the mainland continent. We are seeing volatility with the dollar index. Although volatility has been subdued after the fed rate. This chart will give you some clue to the direction of the dollar. Another explanation for the shoddy performance o
Be the worlds biggest ipo. Tata sons votes cyrus mystery off the board. It is 7 00 a. M. In doha. I am yousef gamal eldin. Shery i am shery ahn. Waning, off seems to be safe haven plays, easing and that section, cold and the japanese yen reversing that rally earlier. Investors right now looking for cues on where to go. Taking a bit of a breather. The trumpfueled enthusiasm , and if you look at that data when it comes to consumer confidence. Caught myf things attention and the folks at goldman sachs. Initial hopes for that pro growth drive in terms of fiscal policies, initial euphoria, but since then this massive gap between the soft data and the measures of real economic activity. That is the whitest in six years, that exuberance is probably peaking. Goldman sachs cites the Retail Investment preference for stocks over bonds has almost fully reversed. This tells the bigger story at play here. Confidence may be starting to wane, as well as the reflation trade. Functionhe gg on the bloomb
Solid economic stage. Yousef it is 8 00 a. M. In the emirates, 4 00 in london, welcome to Bloomberg Markets middle east. In hong kong, it is midday. The dollar not rolling off, falling off as some had feared. As you look at the gm go function on the bloomberg, you can see the dollar bulls coming back, and the japanese yen weakening on the back, down 0. 5 , and japans stock market leading the gains up half a percent. Singapore also up on a given how big of an exporting country it is. It may be some confidence be may not see some trade wars ahead. But the heavy ecodata in asia, australia surprising on the. Pside alone with pmi data a lot to watch out for when it comes to ecodata and present trump and the Federal Reserve. Yousef bright patches in the commodity space, especially with key commodities related to the Infrastructure Spending in the u. S. President trump urged americans to abandon internal conflict and rebuild the country. He made his first address to congress. He said the u. S