Under threat. The Saudi International Petrochemical Company this is Bloomberg Markets middle east. Quite a few adjustments happening in these markets and around the world. The s p 500 dropped by the most in september. Let me show you a increasingly red picture. Msci a asiapacific down 1 and the selloff has accelerated over the last hour. Lf being led by the asx 200. Nikkei coming in weaker. Done 1. 2 . Dollaryen trade holding steady. Overall this is against the backdrop of a slightly stronger u. S. Dollar that is weighing in on some of these key foreignexchange basis. Kiwi the only one able to buck that. Australian sovereign bonds outperforming their u. S. Peers. Investors put in those bullish f bets. It is a story affecting alumina. Aluminium. We did have brent crude under pressure. Down. 06 percent. We are looking ahead to u. S. Inventory. It is not only a story of stronger dollar but u. S. Inventory expanding. Ending a record run of declines. Will this mean for the broader opec mode
It is 8 00 a. M. In dubai. This is markets middle east. To keep there was a lot us busy. We had big economic data. Lets look to how u. S. Equity markets closed. Jobs report. The s p 500 index rallied off the back of the better than expected payroll. Close0 reaching a record and the nasdaq and dow jones, gains. Jones up lack the the other big story was what happened in commodities. We saw french Oil Prices Rebound along with a bloomberg commodities index. Boy, did they take a sliding down. , oil iser the rebound back where it was before opec announced production cuts. Downloomberg dollar index almost 0. 5 despite the jobs report. This isrony in all of this part of the world has not really had a chance to react in this volatility we have been seeing as this part of the world under two hours away from the obligor of the in terms of what happened, we pull out the index and slap on the mrr gold function to see which companies have performed well. 8. 2 . In are seeing health care saudi arabi
Kevin cirilli. The rouhani victory comes at a time when donald trump is visiting saudi arabia and the saudis are going out of their way to welcome him. Walk us through what youve seen on the ground in riyadh. President nt trump is on a dealmaking spree worth billions of dollars. He is met with top ceos and leaders here in saudi arabia. Here is what you secretary wilbur ross told me. Rosss. Secretary wilbur told me. I could not imagine a business day mortgage for the United States and for the thedom more good for United States and for the kingdom. The investigations in the United States could risk ever shadowing his international trip. He is facing a lot of allegations about his international ties to russia. Tracey we did see u. S. Markets take a tumble off the back of some of the domestic headlines surrounding President Trump. Now that he is in saudi, what is going on on that front in terms of his domestic standing in the u. S. . Back in the United States and there are intensifying pre