Will they face unanimous opposition . Shery it is it 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am Tracy Alloway in dubai. Salamat. M rishaad we are seeing gains across the board looking at the gym and function we can see that Equity Industries are to the upside. What we do have our currencies in focus. I do want to discuss one market to watch out for and it is the karachi stock exchange. Down 2. 1 in the session on monday. That is taking it to near a 20 decline so far this year. That would indicate it is in the bear market. This is being compounded by the move into having emerging markets status, a lot of money got pulled out. It is a small fish in a big pond. But watch the stock. After comments made by donald trump where he singled out text on as a country that needed to get its house in order. That is one thing to keep an eye out for. The Prime Minister removed from office and there is a bit of uncertainty at the top. It is a day where screens are in the
Or four neighboring businesses. There are about a dozen in the complex. Its hard to tell what is what because of the signs burned down. This building is older and there are access issues, trying to cool down the building so it doesnt spread to neighboring businesses, as well. I did mention that this is five alarms. They have four alarms now actively fighting the fire and the fifth crew here, the fifth alarm, is here to support the firefighters who are now getting very tired fighting this fire holding these hoses its been taxing. Its accupuncture active situation. This is a significant fire. But they will continue to stay here on the scene. We have road closures. Theres a closure here at El Camino Real in between nobili and flora vista. Avoid the area. Kiet do, kpix 5. Obviously causing a mess in traffic there because of those closures. Certainly. We have that closure. If you take El Camino Real, this is just east of lawrence expressway adjacent to the Shopping Center, closed between no
Im Francine Lacqua it we have a great show lined up for you it will bring you really released material from our interview with Vladimir Putin. He weighs in on u. S. Politics, blocking both u. S. Confidence. U. S. Candidates. He also talks brexit. Stay tuned for that exclusive interview done by our editorinchief, John Micklethwait and we when you our weekly composition around the uks vote to leave the eu today. We speak to the former president citibank, an European Central banks, jeanclaude she should jeanclaude trichet a. Eurodollar, 111, 92. It is all about the u. S. Jobs data. That is key to shaping expectations for the timing of the next u. S. Interest rate hike. Oil rising also to do with our predict interview. Putin will seek a deal with russia will seek a deal. Lets get to the bloomberg first word news and the russian president , Vladimir Putin has struck a console terry note a conciliatory note. A territorial dispute has prevented the two countries from signing a world war ii pe
Domestic crude went from a loss of nearly 4 , to a slight gain. The reason for the turn, a smaller than expected build in crude inventories last week and Strong Demand for gasoline. And by the closing bell, the Dow Jones Industrial average gained 53 points to 16,484. It had been down more than 26 0 points. The nasdaq rose 39. The s p 500 added 8. As Brian Sullivan reports from the Energy Summit in houston, industry executives are navigating their way through what may be a new normal. Reporter if you want to understand the mood of the oil and gas business right now, investor charlie lakam sums it up this way. This is unquestionably, i think, one of the most, you know, devastating periods in the industry. This will be the First Time Since the mid 1980s where youve had 2 successive declines in most Commodity Prices as well as activity. That pretty much sums it up, as the mood in major oil and gas conference here in houston remains tough, the reality of lower for longer Oil Prices Sets in.
Today, the move was sharp. Domestic crude went from a loss of nearly 4 , to a slight gain. The reason for the turn, a smaller than expected build in crude inventories last week and Strong Demand for gasoline. And by the closing bell, the Dow Jones Industrial average gained 53 points to 16,484. It had been down more than 26 0 points. The nasdaq rose 39. The s p 500 added 8. As Brian Sullivan reports from the Energy Summit in houston, industry executives are navigating their way through what may be a new normal. Reporter if you want to understand the mood of the oil and gas business right now, investor charlie lakam sums it up this way. This is unquestionably, i think, one of the most, you know, devastating periods in the industry. This will be the First Time Since the mid 1980s where youve had 2 successive declines in most Commodity Prices as well as activity. That pretty much sums it up, as the mood in major oil and gas conference here in houston remains tough, the reality of lower for