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
A direct challenge to amazon. Kuwait, 7 00 a. M. In. 00 a. M. In london im yousef gamal eldin coming live from kuwait city where opec producers will meet with some of the nonopec counterparts as well to figure out what the road had looks like. And i am Tracy Alloway coming at you from a rainy to buy where it has just turned 8 00 a. M. I have a feeling oil is going to be the big theme for our show. Over. 5 i up a little on friday at 47. 90 a gallon a barrel. 80 cents, up almost half a percentage point. It has not been a great week for at 51ving brent opened and . 80 a barrel on monday. With that in mind, tell us what you have been hearing. I know there is a gorgeous sunrise, clouds are definitely gathering for opec. Inventories,rude friday, up toof 652 rigs. You have libya described as a red herring. Since 24 hours in kuwait city, it will be about measuring the pulse of compliance. Compliance is what it is all about. That has been in excess of most estimates. The issue has been the nono