To attack the debt market lifts the veil on the opec society. We will see what the prospectus reveals. It is 8 a. M. A gloss the emirates it is 8 00 a. M. Across the emirates. Welcome to Bloomberg Markets middle east. The one thing we are watching closely, especially after the cpi inflation data coming in better than expected in the u. S. Is what we are doing in asia and it is following u. S. Markets. Let me bring you to the bloomberg terminal. We pulled up a chart where it is about the fx action today. Youee the correlation can see the direct correlation between the u. S. Dollar strength and weakness the based on mounting debts and the fed hike. That is lifting that greenback. We are seeing that pair off a little bit today. It is all about the fed here. Not only does it drive us in asia, also in your neck of the woods, yousef. Yousef it has been a remarkable rebound for the british pound. I am looking at the global movers. This is the trend in global markets. Easingclose eye on those
Taketogether, it was a recipe for a down day, and that is exactly what we got. The mainly indexes all falling 1 or more. The Dow Jones Industrial average off 200 points to 18,128. The nasdaq declined 81, and the s p 500 was off 26. A shadow was cast over the Broader Market when alcoa reported weaker than expected results to kick off earnings season. The stock fell 11 . Its worst day in more than seven years. And this was the last report for alcoa before it splits into two. Morgan bre dives deeper into the metal companys results. While alcoa reported higher quarterly profits, revenue slipped as the commodity busine continued to face pricing headwinds. But the higherperformin valueadded s that supply the aerospace and Automotive Industries also came under pressure. We have to admit that we are seeing in some of the markets some new challenges. On the aerospace side, were seeing there is huge demand there, and there are problems on the engine side, particularly, and some destocking on the
Taketogether, it was a recipe for a down day, and that is exactly what we got. The mainly indexes all falling 1 or more. The Dow Jones Industrial average off 200 points to 18,128. The nasdaq declined 81, and the s p 500 was off 26. A shadow was cast over the Broader Market when alcoa reported weaker than expected results to kick off earnings season. The stock fell 11 . Its worst day in more than seven years. And this was the last report for alcoa before it splits into two. Morgan bre dives deeper into the metal companys results. While alcoa reported higher quarterly profits, revenue slipped as the commodity busine continued to face pricing headwinds. But the higherperformin valueadded s that supply the aerospace and Automotive Industries also came under pressure. We have to admit that we are seeing in some of the markets some new challenges. On the aerospace side, were seeing there is huge demand there, and there are problems on the engine side, particularly, and some destocking on the
Taketogether, it was a recipe for a down day, and that is exactly what we got. The mainly indexes all falling 1 or more. The Dow Jones Industrial average off 200 points to 18,128. The nasdaq declined 81, and the s p 500 was off 26. A shadow was cast over the Broader Market when alcoa reported weaker than expected results to kick off earnings season. The stock fell 11 . Its worst day in more than seven years. And this was the last report for alcoa before it splits into two. Morgan bre dives deeper into the metal companys results. While alcoa reported higher quarterly profits, revenue slipped as the commodity busine continued to face pricing headwinds. But the higherperformin valueadded s that supply the aerospace and Automotive Industries also came under pressure. We have to admit that we are seeing in some of the markets some new challenges. On the aerospace side, were seeing there is huge demand there, and there are problems on the engine side, particularly, and some destocking on the
Matter what the cost. In the inside business, insight information is not a crime. Out optimismngs and skepticism. I think the pressure in saudi arabia in recent months has grown. It is a twoway street and not clearcut. It is a little bit to start celebrating an agreement. Better time to change the world. It is straight ahead on bloomberg best world. Welcome. I am caroline hyde. This is bloomberg best, the weekly review of the most Important News analysis from Bloomberg Television around the world. The week began with oil reports and reports of an agreement that could help the market recover its balance. The World Energy Congress getting out of billion in instanbul today. Reports of an agreement that could help the market recover its balance. Brent near a oneyear high. Russian president Vladimir Putin says he is willing to consider freezing or even cutting oil out with cooperation with opec. Putin underscoring they are willing to join an output limit with opec, saying they were hoping o