Most negatively correlated to crude oil since 2013. It is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I and Tracy Alloway in dubai. Lets see how markets are trading. 1. 68 afterg up that stronger than expected chinese manufacturing pmi. Composite up 1 . Sex up. Japans markets are closed for holidays. Speaking of holidays, it is a new year, but the same story for the bloomberg dollar index. It is slipping. 1 this morning. You have to feel for those dollar long positions. Crude, wti and Brent Holding onto gains. Wti above 60 per barrel. In saudi arabia, one of the few ,arkets open during the holiday wasnt feeling those positive. 2 . Ments, down almost lets check in on headlines. Debra more signs of strength. Aheadixin survey came in at 51. 5. Tations that 5 the reading will be welcome in beijing as they repair for critical battles with the debt, property, and pollution. Kim jongun has warmed the new the u. S. That its nukes are a reality. He said the north has
It is close to middle east unrest, but it doesnt worry in chapter investors in japan. It is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am Tracy Alloway. Lau. i am angie that optimism in japan is what we are seeing today across the equities space. Topics rising to its highest level in more than two years after robust u. S. Manufacturing data. What he did was strengthen the u. S. Dollar, pushing the yen down and helping to lift the nikkei 225 above that 20,000 mark on. 9 . U. S. Dollar strength on a number just on e. M. Ncy currency. On e. M. Currency. The austrian dollar on . 77 against the u. S. Dollar after the rba kept rates unchanged. Tracy . Tracy lets take a look at what is going on in the middle east, starting with oil. Both brent and wti treading water but they did have a sharp fall overnight. We are going to be digging into those price moves. Take a look at what happened in terms of gulf equities. Edx index was the big story, bringing it to its hig