It is 8 00 a. M. Across the uris. Emirates. I am yousef gamal eldin. Rishaad i am Rishaad Salamat. Welcome to Bloomberg Markets middle east. The Federal Reserve, we will delve into that, the finer points. And the narrative seems to be , about to change looking at the prospect of more growth and probably higher inflation. U. S. Treasuries. Yousef quite remarkable what happened overnight. If you look at the fed minutes, fed officials are talking of Economic Growth accelerating. That is possibly putting pressure on the rate hikes. It has to move faster. Let me show you a chart, the kind of song we saw. I know it looks like an ekg on steroids, but you can see the ups and downs. You sell reaction on behalf of of the fed. We did not get many ideas on when the next rate hike will be. And also the undershooting when it comes to the jobless level, it keeps prices stable in the long run, which is ironic considering not too long ago, you were talking about a slack in the labor market because of t
Allegations. Is 8 00 a. M. Across the emirates. Welcome to Bloomberg Markets middle east. , andyousef gamal eldin with me is shery and out of hong kong. Shery it looks like bat reflation trade may be far from over. Were talking about that shift from global lawns into equities continuing as Inflation Expectations rise. ,ook at the gmm go function markets following that global hshares climbing again, the longest winning streak in two months. Also, the japanese yen losing ground,. 6 , helping the nikkei topix get a boost. Copper leading the gains and metals, up 4. 8 . Stillopper mine in chile closed as bhp workers go on strike. You are looking at treasuries in the u. S. . Yousef yes, specifically Foreign Holdings of u. S. Treasuries. We have seen some interesting trends, investors getting second thoughts about financing u. S. Plans and u. S. Projects. Take a look at this for the 5937. Ctive, btv you can see the selling has been going down on an annual basis for some time. Net outflows in
Medical leave is weighing on stocks. Beatingand properties expectations, the largest stock showing that resilience despite weaker earnings. It is 4 00 a. M. In london. Bloombergcome to markets middle east. You mentioned those earnings in asia. We are seeing not just earnings, but what has happened in the u. S. The dollarmy index was a gaining before. It is sharing those gains in the asian session. We are seeing others gain as well. Crude losing 7 10 of 1 . U. S. Is showing expanding stockpiles. Treasuries in sovereign debt markets in asia following u. S. Treasuries lower come as saying singapore and new zealand, rising there. Yousef, we are bracing for round two of janet yellen on capitol hill. Yousef absolutely. We are seeing interesting movement in terms of expectations for Interest Rate entries. Lets show you our favorite function, which shall use those you thosehows expectations for a march hike. We were 24 . Now were at 34 . We will continue to carve out this fascinating conversat
Discusses mass deportations of immigrants. Welcome to bloomberg markets. It has just gotten to midday. Taking a look at the markets and asia, they are in the green. The exuberance we felt and wall street is not caring to asia. Take a look at the nikkei. It is in a downward pressure from a stronger japanese yen. We are seeing the dollar index reversing that earlier rally. Gaining ground 2 10 of 1 , you can not just fight that rally in hong kong, the highest since 2015. Increasingly the focus has been on commodities. We do have oil gaining ground. Take a look at the bloomberg. You can see this chart. That as we see this correlation, going into the green after being in the negative, you are not seeing that anymore. Breaking news out of malaysia. Moment, you at the are seeing the dollar Oil Correlation now. We have Commodity Prices filtering in to the inflation story. Beating expectations. One countryking where we are not seeing those price gains. Yousef definitely a bit of a surprise here
Replace the president s friend as she replaces the finance chief. Is 8 00 a. M. Across the emirates, 4 00 a. M. In london. In hong kong, just past noon. Welcome to labor markets middle east. Lets take a look at the state of play on the markets. We cant ignore what is happening in the u. S. , because thats whats driving the sentiment we are seeing across the board in asia. Trading for almost 20 minutes, down close to 1 . As you can see, despite the topicshaven of the yen, is also down more than 2 . It really is all about volatility as a result of the latest paul showing trump in the lead. Manus yeah. C onink if you go to ele your terminal, you can pick up the sentiment. This is very reminiscent of what happened in the 10 days before brexit. If we look at the bank of america volatility chart, youve mentor rumpall trumpometer, dollarpeso. This is in the five days. I took it back a little bit further. If we go back as far as june, you can see volatility is nowhere near where we were on bre