Its 8 00 a. M. Across the emirates, im jc humphrey into by. Angie im angie lau into by. Welcome to Bloomberg Markets middle east. There used to be a show in the u. S. , lets make a deal, deal or no deal. What is behind door number one when it comes to opec . Jc great question. All will be revealed tomorrow but it is all about oil this the major opec and nonopec players set to meet tomorrow. I want to revisit the current state of play for the oil markets. Purple and blue is where the current price of oil is at, and take a look at that white line are allalks in vienna. Round lowering that output we will talk more opec in just a moment. Angie for now, lets do a quick check of the state of play in the markets right now. Mumbai has been trading for almost 20 minutes, and we are seeing gains, although we are seeing a pullback when it comes to risk. We see it reflected in the hong thatand topix, thinking maybe today will not be lucky 13. In the middle east it is two hours away from the openin
Impressed. The index at a threeyear high. Kong, 4 00 a. M. In london. By where it is 8 00 a. M. , welcome to Bloomberg Markets middle east. What are you looking at today . Asia, globale in investors taking a closer look at i it is weakening and there is a lot of volatility when it comes to the yuan. Jump into my bloomberg and see what i mean. Exchange, it stock has surged to a record in november. As you can recall, it has been a wild month for global markets, ofecially after the surprise some of president elect donald are lookingvestors for production. Check out what has been happening this month. Here asreally surging investors scurry for protection. We are just under two marketsay from emirates in dubai. Lets take a quick check of how they closed across the region yesterday. A mixed bag. Dubai, one of the biggest gainers,. 7. We are doing a quick check of markets open in asia. Mumbai trading for almost 20 minutes now. You can see, it is a mixed picture across the board. We are seeing
Its territorial ambitions and the yuan. I am angie lau in hong kong. It is just past noon. Welcome to blommberg markets middle east. It is about that risk event we were waiting for yesterday. The verdict is in. To impact your markets over there as well as in asia. Yousef it is sending shockwaves around the world. 64 is the magic number in terms of opponents of Matteo Renzis referendum, the margin they beat him by. This is the chart that shows you the downside. Take a look at that downside pop. That is the Downside Pressure the euro is currently facing, a 20 month low. Economist says that could test the low of 104. 58 in 2015. He does not think it will hit parity. How will the equity markets respond to this when they come online later today . What you watching angie . It haswe know how impacted the markets in asia. I when he give you a quick check of the state of play. Mumbai trading for 20 minutes, and heres what it looks like right now. Lets take a look. In fact, we are seeing asian s
Emirates. Angie it is just past noon, welcome to Bloomberg Markets middle east. Today it is a reversal of yesterday. There was a concern about the fallout over italy but when markets will help this morning here in asia, they are just following this global rally, a relief rally, you could say. Yousef it is a relief rally. Some of these moves are simply remarkable. I put up this chart which shows you some of the volatility. This is what you can pull out on your bloomberg, and we have also added what happened with the trunk win in november. Two lines, eurodollar one week implied volatility, the vix. You can see the spike ahead of the announcement of the u. S. Election, then look what happens in the runup to the italian referendum and how it abates. Bloomberg strategists making it clear there is little reason for the implied volatility. The markets want to focus on extension of qe in the eurozone, and the other one will be the decision from the fed. You are looking at later on in the curve
Collateral damage to train the glued cut the crude. I am angie lau where it is just past noon. Welcome to Bloomberg Markets middle east. One notable thing today is absolutely with the markets are doing, extending the rally. Especially after the china trade data rolled through, we have exports, imports, both up and better than expected, surprised to the outside. On the other side, what is supporting the markets, trump. Trillion, that is the number on my mind this morning. That is the market seeing this on this chart. Fresh out of our bakery, this really tells the story of donald trump and the u. S. Election. You are looking at the combined value. This is a month since the trunk win. Trump win. A billion dollars into the market since december 6 november 6. Said, they are extending record highs both from the s p 500 and dow jones. Bankshares, some of them at eight year highs. Angie it is, banking stocks rise for a third day. Lets get a look at the markets. Mumbai has been trading for thre