Very much appreciate what could be the largest ipo ever. And rising risks, pboc governor chinas Financial System is left significantly more vulnerable and calls for reform. Yousef it is bright and early in dubai. Clock looking at some a. M. Local time. Welcome to Bloomberg Markets middle east. What a dramatic start to the we. The Saudi Crown Prince appears to be melting something of a purge against several highprofile princes in the world family. Yousef the list, i keep having to look through it again. Accused of everything from corruption to of using public funds, some very big names on the list. Including a very well known as this man. Businessman. Looking at a lot of foreign officials. A lot to digest here from a market perspective. Tracy that is exactly right. Its bringing out executive editor for the middle east. With the obvious question, is this a power grab in anticorruption clothing . Its hard to not come to that conclusion. Came first, before the reshuffle, before he changed
Vacated by mick mulvaney. A Police Officer is in critical a stabbing atr Bishop International airport. Police say the officer was stabbed in the neck. One suspect is in custody. In france, the high profile exits from president Emmanuel Macron continue to pile up. The Justice Minister is the latest to resign following funds. Ions of misuse of , the mostnister prominent woman, also stepped out. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. This is bloomberg. Live from bloombergs headquarters in new york, scarlet fu its on assignment. We have 30 minutes from the close of trading here in the u. S. Markets dragged below to 45. Bracing for turbulence. How a shakeup in the worlds gest Oil Producers hearings on the Russian Investigation continue. We caught up with representative eric swallow of virginia coming up. And bloombergs editorinchief sat down with mexicos finance minister. A look at his thoughts on the peso and the threat of a d
It is 8 00 a. M. Across across the emirates. I am in dubai. And i am in hong kong. Welcome to Bloomberg Markets iddle east. A lot of activity in asia. 80 of volumes moving back to the markets. What are you looking at . Yousef that may be the case in asia but in the u. S. It remains. The dow did get close to the 20,000 mark but did not cross it. I am looking at the u. S. Dollars strength going up. I can pull up the chart for you, you can pull it up on your bloomberg, as well. This is the story of the dollar index. 23 of 36 over the last trading day. If you look at a three month basis, 7. 5 in gains. 17. 70 6 that is the year of u. S. Independents, of course. How much will the u. S. Dollar have to run from here, given a lot of this is still dependent on whether or not trump will actually fulfill his pledges, in terms of fiscal policy . What you looking at, angie . Angie it is a good question and i want to follow up on it. Dive into my bloomberg right now. As we see, perhaps the markets p
Business and middle east. Is 7 00 a. M. Here in triad. I am in dubai where it has turned 8 00. Look with a u. S. Markets. The s p, relatively unchanged despite corporate warnings. Earnings. The s p had a good week, the best since february. And the nasdaq down 0. 1 . We have a lot of investors treading water, and ahead of geopolitical risks taking place in the form of the french elections. Wti crude below 50 a barrel. A painful week for oil investors. Gold up. The u. S. Dollar index, treading water. Take a look at the euro stock volatility index. Its spiked 4. 2 . A little bit of nervousness in the markets. Looking back in terms of trends and patterns, a tough week for oil prices. It is going to mean a tough week for gulf stocks. Impactsreally see some on what has been happening. Individual numbers and how they performed. Stocks, 2. 6 . The Property Developer making a little bit of gain. Weakness in stocks like kingdom holdings. All down, over 4 . The volumes are below the average. The
You want the economy on the right track. Egypt remains in the spotlight as the finance minister confirms his commitment to a floating pound. Alloway. 0, im tracy im heidi. What are you looking at for us today . I thought we would start with something across the atlantic. Panel look at the lower on this chart Trading Volume dipped below its average. The reason this is interesting. Because of the thanksgiving holiday coming up. Donald trump trades that have been behind the market rally seemed to be coming off. If you look at the dollar, it has been weakening. Infrastructure, stocks are getting because button. And we have seen some selling. Trade trump reflation losing steam . Speculation about whether these will come to fruition. Those records set on wall street overnight, take a look at mumbai trading. We are up 3 10 of 1 . The real gains, a robust session from australia. This is on the back of the energy play and resurgent rally onn it comes to metals, increased infrastructure. Is just