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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

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