A back seat will the president ial candidates ever hit the road and so their brand of politics to americans before the votes follow the u. S. Elections. Will be. Seen. After months of antigovernment protests and Political Uncertainty iraq is now grappling with the worst fiscal crisis in decades. Iraqs economy and state budgets are heavily reliant on oil income and have been hit hard by the sharp decline in Global Oil Prices the world bank has projected g. D. P. To contract by 9. 7 percent of the fiscal deficit expected to reach almost 30 percent of g. D. P. Iraqs new only appointed government led by most of the me is now faced with a challenging task of implementing long overdue Structural Reforms such as reducing Public Sector employment while also keeping popular unrest at bay im so want to get out and as iraqs fiscal crisis deepens we ask what needs to be done to address it and how can the new government overcome entrenched political interests that oppose reform while also winning o
Weeks elections. Saudi aramcos shares advance again ahead of the inclusion and Major International equity indices this week. The worlds most valuable company has gained 17 since the debut. It is 8 00 a. M. Across the emirates. I am in dubai. Im Tracy Alloway in hong kong. I mentioned the yuan strengthening on the back of the stronger ecodata and on the back of the agreement between the u. S. And china on a phase one trade deal, finally. Take a look at the offshore rate, about. 99 this morning. I should mention the fix for the onshore rate came in stronger, the strongest since august 6. The developments will give enough confidence to chinese corporates to refrain from adding to their dollar stockpiles for now, so thats when we sin reason why the Chinese Markets are strengthening. Lets talk about another key asset on the move. Rent crude is down about one third of a percent from a three month high. A little bit of caution around this trade agreement. The limited nature and the lack of de
It is 8 00 a. M. Across the emirates. 4 00 a. M. In london if you are up early. This is Bloomberg Markets middle east. I am yousef gamal eldin. What a momentous two weeks we have had in the first of 2018 and bulls have been in charge again, Consumer Discretionary pushing up some of the industries. Of a p 500 up 7 10 percent, the eighth advance in nine sessions and the nasdaq showing strength. We saw a soft spot in some of the property stocks. The story. O year was we look into that trade. Rosengren says that this does not indicate a recession, is that the case . We have quite a bit of weakness. A key scene for the markets going into a fresh week. They are at their lowest since september and basically dropping against all of the g10 peers. That is feeding into other key Asset Classes, eurodollar up. The strongest in about three years at the news the Angela Merkel reached a preliminary agreement for a coalition government. Cable come up 1. 4 against the separate news flow here. And Offic
Suspended. The bank of japan governor says that there is plenty of ammo left for the economy. Emirates. Across the it is a fresh day. Welcome to Bloomberg Markets. All they have been talking about the u. S. Nitoring of president ial elections. Towant to take you inside where the mexican peso is right now and you can see where this started and it jumped ahead of and trump was barraged over the weekend with a said disparaging remarks about his treatment of women. See where clinton was attacked about her emails. More than 30,000 in the investigation. It went back up when the debate ended. Interesting barometer of the debate. Rhetoriculd think that would go that far. The informal meeting here and there is a lot of and the firsture decline in four days. There is concerns with ranking lets get in on the first word headlines. Governornk of japan says the central bank has no there was no intention to reduce the bank Bond Buying Program. A rookie corona says that he is willing to lose the targe
Tom today to me is the first day we are really into the vote. It has changed dramatically, the tone, the desperation in the newspapers. Francine it is getting personal. You have the queen on the front cover and then it gets really personal with David Cameron saying, look into his eyes and do not vote to stay tomorrow. Well have plenty more later on. Also looking at the Daily Telegraph. Lets get to the bloomberg first word news. Day ofthe final campaigning before british Voters Decide whether the country should stay in the European Union. Different polls put each side ahead. There was one final debate last night on the bbc. More than 60 of the worlds leading country does companies have their European Headquarters here in german dust in london. In london. I think we have heard an amazing amount of running down of hours that he. We are proud of our city. The astonishing thing is that the remains side continually underestimate our ability to do better deals if we are left to do it on our o