There ing supplies and are worries that chinese demand is trailing off. He markets in the region are focused on earn season. C. E. O. Et to the the economic stability of the National Stability of the country has been the core essence of the game. Support of the local banks thats to make sure and our long term strategies are getting from plan a to plan b. The institution has to perform in substance. All about and s the National Institutions are commitments. Give us a sense of how exposed you are to the gulf crisis. You pointed out some of the strong fundamentals in the comecial system which have under british, but in terms of ou as doha bank and your exposure to business coming out of the gulf and the united specifically . In ts been substantive expert from the and trade is 25 million. Egypt is 1. 1 billion. Destabilizegoing to in any form. Tradeok at the balance in of investments is a counterpart of this and Financial Institutions have to have plan b. Thats what we manage to do with su
I am tracy alloway. This is Bloomberg Markets middle east. We have to talk about Donald Trumps executive order. Temporaryudges have block to the Trump Administration from enforcing that executive order that would have led to the deportation of refugees and visa holders. The order has led to people being detained at airports across the country and has raised anger across the globe. Let me see if i can start with a chart i prepared for this segment. This is one of my favorite indexes. U. S. Migration fear index, a count of certain words in news stories associated with fear around immigration. It is at a record high after trump won the election, so if we assume that text of this executive order has not been stringent enough to make people certain of what it allows and does not allow, it seems like it has been open to interpretation, and given that environment and the worries over migration, it seems like that is causing a lot of problems right now. That is exactly right. The issue is that
Strong and his secretary disagrees. Oil slows its decline ahead a day of forecast. They are falling for a second week. Yousef it is 7 00 a. M. In easton pull istanbul. Shery i am in hong kong it has just gone midday. A little bit of a rainy picture when it comes to the markets as well. We did get positive sentiment out of wall street. That is faltering in asian trading. We are seeing the japanese yen falling back most of its losses. It was reported by treasury secretary mnuchin saying that a strong dollar is good in the longterm. That is not holding. The yen at 108 spot 93. On the dollar, 75 56. We got rba minutes, which are focused on a week aussie job market and a strong Housing Market Housing Market. You are seeing rand continuing to decline falling for two consecutive sessions. Composite isnghai also extending its biggest loss in four months. It is below now a 50 day moving average. That is something to keep an eye on. China home prices will be rising in more cities since october.
Valuation to secure an imf loan. Yousef and saudi bank stocks have never been so cheap. The pricetobook ratio for lenders at its lowest level bloomberg started tracking in 2006. It is in 00 a. M. Across the emirates, semiclock a. M. In istanbul. Im yousef gamal eldin. Angie and im angie lau in hong kong, where it is just past noon. Welcome to Bloomberg Markets middle east. What were watching here in asia as charles 11 make some comments for us in sydney in australia. We are also watching that u. S. Dollar strength really impacting the asian markets. We did start off strong when it came to oil, but we are paring those gains now. How about your neck of the woods . We were off to a slow start at the world energy congress, and then things kicked up when the heads of state walked in, including russian president Vladimir Putin, including rizzo erdogan, his turkish counterpart. Whether nonopec will join the conversation. This is what happened when the russian president started speaking about
Four percent from february. Out. R and conagra will be also, nike. Today is the beginning of march madness. President obama will make remarks on the economy at 2 00. It has been a long winter. It is on the edge of warmth. I would not rule out that it is over yet. The groundhog did see his shadow. Easter is april 20. That is a long way. Lets do a data check. We saw Market Reaction yesterday. The yield goes up. It balloons. He euro dollar is 1. 39 crashed as yet no went weaker as well. I want to go to the chart. Two year yield 0. 42. Heres how far janet yellen has to go little move up in the two year yield. We have so far to go to get back to any sense of normality. Or 2016. Ay 2015 no other way to look at. We did see some market move yesterday. We scoured the papers this morning. There is one story front and center. I am all over this. It is day 13 of the missing Malaysian Airlines flight. There was a breakthrough. Satellite imagery the tech did objects in the south indian ocean. Planes