A 30 discount. Yousef it is 8 00 a. M. Across the emirates. I am yousef gamal eldin in dubai. Here markets in hong kong have gone into the lunch break. Have a look at the broader picture across the asiapacific. This gives you a simple look at how asia is doing. More red than green. India has just opened up. Southeast asia feeling more of the pan. Malaysia and singapore leading declines. There is not a lot of conviction to the upside here. Yousef some other assets showing downside pressure. Brent crude extended declines. U. S. Crude inventories probably shrank for a second week according to a bloomberg survey. Gold, flirting heavily with 1300 an ounce. U. S. Tenure paper, choppy trade, the curve steepening and dollarlira there. U. S. Equity futures showing a decline. We have been in the sideways grind for some time. Lets check in on the first word headlines. Japan has raised its alert level after getting indications north korea may be planning a new missile tests. Kyoto news has said ra
60 billion euros . Kushner says he does not want to jump the gun on any announcement about relocating the u. S. Embassy to jerusalem. This is Bloomberg Markets middle east. I am Tracy Alloway in dubai. Tracy most of the action still firmly in that u. S. Camp off the back of u. S. Tax reform coming down to the wire late friday night. The first opportunity a lot of markets are getting to react. The s p 500 futures picking up this morning, the bloomberg dollar index up, and 10 year yields up for basis points, almost completely reversing the fall we had seen friday during that big risk off day. Sentiment attached stronger. That u. S. Move beginning to feed through into that region. Lets look at how things are faring closer to the middle east. Wti crude the vti falling. Markets in dubai and abu dhabi were close, but saudi arabia is index up off of the rally and Oil Prices Last week. That was the biggest gain for the tadawul in two months. 0. 5 , bank up stocks leading gains after Internatio
Lets check the markets. The europe 600 on a tear. Higher because of expectations of tax reform in the u. S. And what that can do not only to the dollar but to the world economy. It could make the spirits of the u. S. Move up a touch. Lunch in brussels. Will they are will they not . To severalspeak groups interested in brexit. Lets get to the first world news. Sebastian in the u. S. A Senate Investigation of the russian meddling in the trump case a instruction of justice case is coming. This is from Dianne Feinstein after Michael Flynn pleaded guilty to line to the fbi. I think we are beginning to see the putting together of a case of objection the case of obstruction of justice. I think we see this in the indictment please that take place in some of the comments being a. I see it in the hyper frenetic attitude of the white house, the comments, the continual suites. U. S. House republicans are drafting a contempt of Congress Resolution against members of the fbi. They claim that the rem
Later this week . Saudi arabia bombs the yo , a countrytal already in crisis. It is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am Tracy Alloway in dubai. Stocks from tokyo to hong kong all trading down. Them as ci asiapacific index is in the green, but that masks underlying weakness in the tech stocks because of the u. S. People having time to digest the tax reform passed by the senate late friday and finding some unpleasant surprises, and that fed into u. S. Markets yesterday. At the s p 500. A roller coaster ride relatively speaking. It was up, then down, down by. 1 . Fang down 2. 1 , the biggest tech stocks. 10 year yields ticking up stillly, so that thesis intact. Bloomberg dollar index sliding. Lets look at the region. We did have some big middle east news. Ae markets have not had formerto react to the yemeni president s killing. There was a hope that qatar might see some developments when it comes to the blockade issue. Meanwhile, take a look at turk
That United Kingdom finally finishes the divorce. But is a hard work about to begin for syriza may . Bitcoins features set to lunch, is it the hottest market is 8 a. M. In, it the emirates. Middle east, and Tracy Alloway. Let us start out with a quick check on what was going on in the european markets on friday. We had some big news on a u. S. Jobs and the brexit breakthrough as well. Payroll for november was a headline number, rising by 228,000 for the month, above the forecast of 195,000. Still no big improvement in wage gains, more of what weve seen over many months. The headlines were enough to give u. S. Stocks a list however, the s p 500 closing at an alltime high. Strength flowed into the same stocks, they had been in an area of concern early in the week. The bloomberg dollar index is on its way to its best Weekly Performance for the year, Pretty Amazing f. Again, judged by what was happening early in the week. 10 year yields also notched up higher that trumps and a short terms