All options are open. Opec and its allies say nothing is off the table when it comes to rebalancing the oil market. A. M. In dubai. Midday in hong kong. This is Bloomberg Markets middle east. Been, weekend has especially in the United States with the equity benchmarked indices hitting records. It is not so much that they are hitting records, but the pace it is being done. These are your friday closings for the s p 500. 7 for the dow jones. The nasdaq was up 4 10 of 1 . It was not all positive because General Electric tumbling after slashing the 2017 profit forecast. This goes to the story of optimism around what donald trump is doing in terms of possible tax reform and tax cut. U. S. Dollar reaching a threemonth high. Up 6 10 of 1 . In terms of other asset classes, we are carefully watching 10 year treasury yield approaching 2. 4 . The president was moving closer to selecting the next fed chief. We are getting more commentary of around john Jerome Powell and janet yellen. A couple of k
Allegations. Is 8 00 a. M. Across the emirates. Welcome to Bloomberg Markets middle east. , andyousef gamal eldin with me is shery and out of hong kong. Shery it looks like bat reflation trade may be far from over. Were talking about that shift from global lawns into equities continuing as Inflation Expectations rise. ,ook at the gmm go function markets following that global hshares climbing again, the longest winning streak in two months. Also, the japanese yen losing ground,. 6 , helping the nikkei topix get a boost. Copper leading the gains and metals, up 4. 8 . Stillopper mine in chile closed as bhp workers go on strike. You are looking at treasuries in the u. S. . Yousef yes, specifically Foreign Holdings of u. S. Treasuries. We have seen some interesting trends, investors getting second thoughts about financing u. S. Plans and u. S. Projects. Take a look at this for the 5937. Ctive, btv you can see the selling has been going down on an annual basis for some time. Net outflows in
Reforms, not sanctions. The imf hints the approach towards the situation in ukraine needs to be readdressed as it approves a 17 billion aid package. Youre watching worldwide exchange, bringing you Business News from around the globe. All right. A warm welcome to todays edition of worldwide exchange. Protesters have taken to the streets around the world for the may day rallies. Many are gathering to protect against harsh austerity measures. It does mean quite a few markets are closed. The nikkei was working today as far as asia is concerned. These are the individual markets today that have been trading in australia. The nikkei up 1. 27 . The all index dunn a third. The ftse, the irish market and the danish market as well. The ftse up 0. 3 . Up 10 points yesterday. A number of individual stocks were looking at today, bskyb, up nearly 4 at the moment. It reported ninemonth refs into up 7 to 5. 7 billion pounds, the results in line with forecasts, though the group says it added 74,000 net
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has announced its expansion plan to better serve its Business Banking customers across the UAE.