This is Bloomberg Markets middle east. Im yousef gamal eldin. What a week we have had off the back of the fed decision, and a dozen Central Banks around the world. Here is how the u. S. Equity session closed off. The s p index, dow jones, nasdaq. This is on optimism about the proposed u. S. Tax overhaul. Theres also a lot more volatility, 74 higher volumes than the daily average. Theres another event feeding into this, quadruple switching. It happens every quarter, futures and options on indices and individual shares. Then the bloomberg dollar index, a story of a stronger dollar, up. 4 , a major move, a fresh session highend the fifth day of gains. The u. S. Dollar gaining compared to all of its peers save for the kiwi dollar, which led weekly gains. Lets crossover in show you the other key Asset Classes, relatively. U. S. 10 year uninspiring. Gold, up. 3 . But look, the reality is you have traders dumping bullish bets at the fastest pace in five months. Do people care about the dollar
Prince harry takes on a new role as a journalist, interviewing the former us president barack obama. If you start using long pauses between the answers, youve got to get the face. Laughter the interview was recorded as part of the today programmes guest editor series to be broadcast on the 27th december. And in half an hour here on bbc news click investigates the weird world of quantum computing. Good afternoon and welcome to bbc news. Six people have died after a multi vehicle crash on one of birminghams main roads Belgrave Middleway at the junction of bristol road. A seventh person is critically injured. Officers have described the scene as very difficult and upsetting. Our correspondent Matthew Thompson is at the scene. Matthew, tell us what more about the police and the Ambulance Service have been saying about this terrible crash. The Emergency Services arent praying to the use of overly dramatic language, so when the West Midlands fire service describes it as horrific it gives you
Cheer as the cryptocurrency heads to a bigger wall street stage. Hello from sydney where it is just past 9 00 a. M. Im haidi lun. We are in our out from the open of asias first major market. Kathleen im Kathleen Hays. Sometimes we say monday night, sunday morning in the u. S. A quiet recap. Between Bitcoin Futures getting ready to launch and the tax plan on friday, i think we have got to wait to see how much this does not just rock the u. S. Economy, how much it rocks asian markets as well. Haidi absolutely. With the comments, marco rubio throwing a stunner into the works and getting more pessimistic about tax reform. All of that seems to have changed. We could get the crucial vote before christmas. As you say, bitcoin mania again making headlines yet again. The thing to remind ourselves of is that this could be a much bigger deal given that there are expected to be much more players involved. Kathleen the cme is a much bigger stage. If we look at the cbd launch as a curtain raise, a p
Welcome to daybreak asia, im haidi lun. Kathleen im Kathleen Hays at bloombergs Global Headquarters in new york. We are on the verge of Bitcoin Futures starting to trade. The cme group in chicago, a much bigger stage then the cboe, were trading started one week ago where trading started one week ago. Its a next big step for this bitcoin market, the bitcoin world. Haidi derivative contracts that started trading last week seen a opposed, this is certainly massive milestone in terms of the volumes we are expected to see. Volume, ag 55 times bigger stage for Bitcoin Trading in terms of mainstream and institutional investors. Optimism over the tax fall bill, can we get this time tax hall bill President Trump has been wanting. It is driving sentiment in asia ahead of the opens. Take a look at how trading in new zealand is faring. We are seeing downside when it x50. To that and we are at a session low, down about 2 10 of 1 . A monumental week last week, trading at 6997, one jump over 2 in abo
Exchange, but regulation of their trip to currency is demanded. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Coming up, we speak to Scott Morrison after the government in australia forecast a never arrower budget deficit. Some headlines out of india, the index down 1 . The indian rupee down. 1 . That would be risk for the reforms the Prime Minister wants. The rest of the picture is largely positive. The handoff from the u. S. At record highs. Midweek boats and the house and ate and plans for folks senate. The new Zealand Dollar is firmer. The metals space, take a look at that, copper leading gains. Other key asset classes, brent crude looking to updates on a pipeline. Not the extent so much, but a possible restart date. Watch out for that. Downdownside pressure,. 1 , 60 doing a historical volatility the low since 2001. A big week in emerging markets with dollar rand on the downside there. Key here is the votes of the ruling party, the leadership votes schedu