30 in the u. S. In the second quarter. It is looking to be pretty dire right now. The nikkei seems to be the outlier given that they were closed on friday. Haslinda taking a look at where we are right now. We talk about how we are down 3 , the selloff making chinese stocks pretty cheap. At least 20 low the 10 year average. Sti down about 70 . Singapore allies, that stock is slumping after canceling 90 of capacity. Year to date, down about 33 . Crude currently down about 1 on in termsof a 23 slide of crude prices just last week. 1500, way off from what we were expecting late last year, inching toward 1800. Yvonne lets get more context with our Bloomberg Markets coag or, david ingles coanchor, david ingles. He is at home. What stood out to you . Boj firsthad the expanding more than it was originally planning. New zealand with the big announcement this morning that they are also planning to undertake some sort of qe as well. Australia has also widened the scope of its bond buying operatio
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
London. I am yousef gamal eldin. Tracy and im tracy alloway. This is trending business. We had no event for a week. This is trending business Bloomberg Markets middle east this isBloomberg Markets middle east this is Bloomberg Markets middle east. We had a very eventful week. Increaseds, the rates by six to 597. That means that u. S. Rates are off to the best start since 2017 began. So that is the best start in five years. Look at that. Look where we have come from theremid2016 all the way in midfebruary. You see it there. That is your reference line. That is wti. Interesting, tracy, here, we had the gas line and column and they said, you know what . Traders are not caring about these numbers, including the inventory bill from last week. Is right. T we had investors look through everything happening in the almostoking focusing entirely on opecs production cuts. Lets look at where markets close to your eyes josh closed in the u. S. Last week. The dow jones average basically unchanged. T
Potential expansion of opec curbs. The secretarygeneral says he is cautiouslylly optimistic the market is rebalancing. Met the kingister on wednesday. We got this take. Devaluation issue is the most important in my mind. Saudi want an ipo, 5 of the company, is to create the reality of the reserves. When we found this valuation if those valuations cannot be improved, that will delay the ipo in my mind. It will not be hitting one of the main objectives of why the saudi government is doing that. The other thing is, how the interest has rising been rising in the saudi market, that is a benefit not felt in terms of market people putting money. Now we see international investors, big investment banks. This is yousef that usually has an effect on surrounding market spirit by virtue of size and scale. I pulled up technical indicators for the dubai market. It has done some interesting things over the last few trading sessions. I put three moving averages in there. You can see that here in the l
Potential expansion of opec curbs. The secretarygeneral says he is cautiouslylly optimistic the market is rebalancing. Met the kingister on wednesday. We got this take. Devaluation issue is the most important in my mind. Saudi want an ipo, 5 of the company, is to create the reality of the reserves. When we found this valuation if those valuations cannot be improved, that will delay the ipo in my mind. It will not be hitting one of the main objectives of why the saudi government is doing that. The other thing is, how the interest has rising been rising in the saudi market, that is a benefit not felt in terms of market people putting money. Now we see international investors, big investment banks. This is yousef that usually has an effect on surrounding market spirit by virtue of size and scale. I pulled up technical indicators for the dubai market. It has done some interesting things over the last few trading sessions. I put three moving averages in there. You can see that here in the l