React when they come online in a couple of hours . We have pinned down the key Investment Strategies ahead of the open. Oil is being dragged down, heading for the longest losing streak in two months. The ceo of the worlds Biggest Energy trader says he is still bullish. Hear our interview this hour. It is 4 00 a. M. In london. This is Bloomberg Markets middle east. Im yousef gamal eldin. Vix that has been electrocuted back to the shattering years. Lets get you straight to some of the Market Action on the Global Market map. It shows the selloff is accelerating in the asian equity session. Asx, down 3. 25 . I will take you straight to the action in hong kong. We see a very steep selloff in japan with the nikkei now poised to enter a correction. Remember, this selloff has been accelerating. Now 6 for tghe nikkei. In china, set for the biggest drop since 2011. As a result of these moves, we see a big pop in the foreignexchange space. 2 5 ofe yen, stronger, 1 . Money flows into some of the k
A. M. In london. This is Bloomberg Markets middle east. For a week it has been local markets. Especially if you take into consideration it was a week when we had the Interest Rates moved by the federal reserve. They hiked on that front. We had an attack on congressional representatives in washington. Political uncertainty that continues through the markets. And the market moving for whole foods by amazon. If i told you that this would this is how the u. S. Would close at the end of the week, you would of called me crazy. Theselloff did not prevent s p 500 to end the week unchanged. I will get you a quick run through of the markets. The nasdaq, 100, 2 week drop. That is the worst slide since november. Netflix and microsoft, you can cbs and p 500 early about the flat line. We did have some interesting moves on some of the bigger companies. Lets cross over to this part of the world, in terms of key Asset Classes and focus on brent crude. 47. 37, that was late trade on friday. Rent down 2
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
Forecast. I am yousef gamal eldin. Ahn. i am shery we are seeing that Global Equity trading, andian asian currencies gaining ground. Ome the nikkei losing 1. 5 a very important day for india as we get the 2017 Economic Survey and the annual estimate this evening. Losing ground,00 miners reeling, as oil prices coming down. Ally, this entire week were the about Central Banks. Yousef absolutely. We have a big week for Central Banks, the fed, boj, also the brings up this conversation around policy and pressure on the u. S. Dollar. Let me show you a chart that tells the story. Ecb tried to hike rates, but to turn a corner. This is the state of play of key Central Banks. The line in yellow is the fed target rate. On the fact they may not change rates, the base case expectation, but looking very carefully as to what they will possible balancen sheet reduction, speaking of possible passive shrinkage. Lets speak more about rising fromons, big developments the Trump Administration. The white hou
Emirates Building Systems (EBS), a key subsidiary of Dubai Investments, and a leading manufacturer of steel structures in the Middle East, has secured contracts worth over AED225 million ($61.2 million) across several projects in the GCC region.