Territories are oil producers, but because the middle east is such a huge oil producer as a region, about a third of the worlds oil comes from this region it is what people call the wall risk premium. You have all these interconnected players, pieces of the puzzle, the question is now whether israels response of these attacks can be limited, how long will it last, is going to dragon diplomatically other regional players, so that is really what is contributing to the volatility. A lot of talk about iran, that critical to a chokepoint. Reports of uranian involvement in these attacks. Iranian. It should be pointed out Antony Blinken has said there is no evidence to suggest any iranian involvement so far but it plays into this atmosphere of uncertainty and basically not really knowing what happens next. And that really is reflected in things like the price of oil. find really is reflected in things like the price of oil. And very briefl , like the price of oil. And very briefly, were like
100 100 israeli citizens. 0ur Correspondentjonathan Beale has the latest i should warn you, his report has some distressing images. Israeli troops are still hunting down armed palestinians. More than 30 hours after their biggest and bloodiest breakout from gaza into israel itself. One of the worlds most advanced militaries taken by surprise. By hamas, a Militant Group kept behind barriers that were supposed to stop this happening. Their attack, as brutal as it was brazen. Hundreds killed. For israel, that has included scores of unarmed civilians as well as of soldiers. Already, the largest loss of life in decades. Here, the bodies of an israeli family shot dead waiting to be identified and buried. Hamas has taken dozens of hostages, too. Like this 85 year old grandmother, whisked away by militants in a golf cart. Families, too, among them this mans wife and their five year old and two year old daughters. He is left anxiously waiting for news and pleading for their safe return. I want t
Oil prices in this case. I think the real impact would be how High Oil Prices would be sustained because of the geopolitical risk. Clearly there economic impact, the real issue will be the impact with inflation. Its too early to put an assessment there, but short term, High Oil Prices would drive Financial Markets in the next few days. In the next few days. What is our in the next few days. What is your sense. In the next few days. What is your sense, are in the next few days. What is your sense, are we in the next few days. What is your sense, are we seeing i in the next few days. What is| your sense, are we seeing an increased interest in safe havens like gold and the us dollar . I havens like gold and the us dollar . ~ , dollar . I think in this environment, dollar . I think in this environment, of dollar . I think in this. Environment, of course, dollar . I think in this environment, of course, the dollar would actually do well, given that Interest Rates are extremely high in the u
Says, lets talk fb Winter Olympics. At the Winter Olympics. A very good morning to you, our viewers around the world. s take a asia let; look at what is happening around the world. We saw what happened on the markets of the United States in the past few hours. We went into the positives. Technicals are pushing that up. Lets go to the bloomberg terminal. Hasnt been, it very good. Down 7. 25 . The last time we saw these numbers was back in 2009. 11 . Y the question is whether we can hold on to the greens we saw and whether that will translate to where you guys are. Haidi this is pretty full this week. You can see the longest winning streak when it comes to growth. Well as thetion as yuan. Have synchronized tightening across global Central Banks . It was positive we saw some defense of buying and 90 u. S. Session on friday. Onin that u. S. Session friday. Nikkei ndicates the in september. Take that with a grain of salt regarding whether you will see bargain hunting. Up 3 10 of 1 for tradi
David a very good morning to all of our viewers joining us right now. New trading week. Lots to talk about in the markets. Shins and up and running as well. Focus will be on where we go with those markets. No one knows until we get there. Lets get a lay of the land of how things look. Where does this really set us up as we get underway this monday . Have a look at it at our bloomberg chart. G btv 7910. Into thursday, into friday, that little gap, more than a massive gap. Really push the market to extreme levels when you look at markets. 56 of constituents on the shanghai composite are now in oversold territory. Does that necessarily mean we will get something into that market, that really depends on where the herd goes. Will that be enough to restore confidence in that market . We were down almost 6 , 7 at one point. Friday that market has opened up. It will open up in about 25 minutes from now. Haslinda china was most overbought in kenya. It has put things in perspective, given that t