Opec says it is confident it will agree to an output quota. Hsbc numbers crossing the terminal. Lets get to stephen engles. I am not getting them up on my screen. You might have to read them there. You want to shout them out to me . Lets get the latest from the markets. Relief rally a ahead of the election. Why . It all started with that big drop last week. Flowing out of risky assets. This morning, the fbi letter cleared Hillary Canton for a second clinton for a second time. Investors and for risks. A very good start to the week, coming off a steep decline, markets got sold off badly last week, now getting a decent bit. New zealand, 2. 5 of. 2. 5 up. Day the best day in months. Goldmining stocks falling. Were still getting a decent day at 1. 3 . 5 , which brings me to the subplot across asia, a massive drop among hong kong property names, 4. 5 . Apart from that, a good day to start the week. But nowump the gun now, it is out. Hsbc thirdquarter earnings. What is the latest . We are Get
Profit slump. It is 4 a. M. London. I manus cranny in dubai. In hong kong. Au welcome to Bloomberg Markets middle east. Lets get right to it and check the markets at this hour. What we are seeing is just some anticipation of a Hillary Clinton when. This ahead of americans heading to the polls. Weve got mumbai, the hang seng index all gaining. Topics just fractionally higher as we do sees safety haven plays thats a little bit off. We are seeing a weaker yen. That does hold better for exporters. Manus, what he watching . Manus angie, i am looking at trump eak 41 for what does it mean for marks question mark what does it mean . Youve got it on your terminal. Lets go inside the bloomberg and have a look at how the rich benefit in terms of the moves. Jeff bezos, he got 2. 6 billion theerday as a result of relief rally. Warren buffett 1. 6 billion. Bill gates got 1. 5 billion. By. 9 oforth climbed 1 . If you look at brexit, billionaires lost 400 billion on the chinese right. What do they get
Nuclear deal with iran. Welcome. Were at the minsk foundation. Imoon here in hong kong, angie lau. Angie, welcome. Were at the minsk foundation. This is all part of the deputy crown princes objective, communicate with the youth of saudi arabia, join me in the grand bargain that is a reformation of the future. Its about technology, education. Butave a great show for you lets get to Global Markets have a look at the inflation trade. Thought this was interesting inflation protected assets are outstripping lows that are inflation affected. A paradigm shift. Bonds have delivered nearly 60 we are talking about a paradigm shift in the bond market. Have we gone too far, too fast . Thats the debate, checking in on the middle east closures. Youve got a couple scenes at play. Funding rates are dropping for the 12th day, saudi stocks recovering from a bear market. And the investment, the wealth fund may be selling. A bit of a move on the emerging dubai down and abu dhabi down. Those are the big th
Illegal moves as he is forced out of another top position. It is 12 00 p. M. In hong kong and 4 30 a. M. In london, i am angie lau. I am in riyadh in saudi arabia, it is 7 00 a. M. This is day two, lets talk about the middle east closing. Closing. 9 . Equity markets just a little lower. Up by an eighth in dubai. We dropped by 4 yesterday morning, all on the back. That looks as though it has been denied. A 13 day winning streak, that is off the agenda. Market,. 5 . The currency strengthens at 15. 8 against the dollar. Those are your closes, angie. I think the day will be important in how we open up because you have that nice oil price up by 6 . All hands on deck. We are going around the opec countries. Russians are having conversations with opec. Deck, they hands on are set to talk in london. To get a deal for the 30th of this month. But look at the market positioning. The short positions are rising, 2012. They are roaring higher. The net positions have dropped by 23 . The biggest slump
Unlikely ally in one of the most flamboyant politicians. It is 8 00 a. M. Across the emirates, 4 00 a. M. In london. It is just past noon and hong kong. Welcome to blommberg markets middle east. Opec. Lly is all about we are seeing a mixed market as loyal being driven by your part of the world. It sure is. While opec nations are making a icstditch diplomat push, saudi arabia is now contemplating if the oil club needs to curb output. The billion writing on decision, a rocky ride for Oil Companies. According to bloomberg, this year has seen the combined market value of Oil Companies around the world increase the most since 2010. 1. 2 trillionhat dollar loss value last year, 700 90 billion loss in 2014 as the price of crude hurt the bottom line. Beenil majors have tightening their belts by cutting jobs, canceling projects, and taking on debt, becoming leaner and meaner than ever. We all know the Oil Companies will be hoping for a decision to cut from opec this week. Right. Certainly thats