Abu dhabis National Energy company, another m of prolonged resist and oil. Its 8 00 a. M. Across emirates, this is Bloomberg Markets middle east. Get you up to speed in terms of the melody, the rhythm, in terms of equity markets in this part of the world. We are two hours away from the open. This is how the gcc pans out. You can see Downside Pressure that oil price is putting significant risk into this equation. There is a lot more conviction in overall volumes. A 60 jump. Retailer is jumping a 10th of 1 . Of telco down 10 . Also more petrochemicals are expected to report earnings in the coming days. Saudi stocks of been the worst performers in the last trading day. Egypt and oman were close for public holiday. We are looking forward to some Inventory Data from that your iap we are seeing big moves on the gcc bond. Bits tightening a little further. As the optimism and equity rallies, the momentum continues 1060 4000. T turkish lira is in focus because we have the Central Bank Decision
They suspect links to international terrorism. It is 8 00 a. M. Across the emirates. Im yousef gamal eldin and by in dubai. Lets have a look at markets. More momentum as we made our way across em and to china where we are getting a decent bit of cross market. Especially when you look at the smaller markets. I talked about vietnam. Indonesian stocks topping another record high. Yousef in this part of the world, were just under two hours away from the emirates market. Dubai and abu dhabi at 10 00 a. M. Local time, there was some Downside Pressure from the lawyer oil price and hitting it hard. Down 1 to industrials and materials. Space beingfected consumer discretionary, down 1. 2 . Interesting what is happening over in kuwait. We are seeing a lot of buying from local investors in particular. We are watching where oil prices are trending. Rent has not recovered inventory reports showed a continuous builds in the u. S. Supplies. Pressure. This is the interesting one because there is still
Rebuild relations. Marketshis is bloomberg middle east. We just saw the end of the First Quarter in the u. S. And europe. Lets take a look at how markets performed friday. Cautious tone. People usually dont want to begin building new positions. Stocks hiteuropean 600. About 0. 5 up. Take a look at what happened. 5. 7 over the full quarter. Best quarterly performance since 2015. Again, look at european stocks. Up almost 5 . Pretty amazing. Yousef it has been one of the quietest quarters in a long time. There has been plenty of action. Two hours away from the opening of the emirates market. Thegy weighing in on broader sentiment. Pretty much unchanged. Strong gains in consumer discretionary. Also, utilities. The weak spot, material stocks. Helping to push to buy forward to read first bank of abu dhabi dubai forward. Showing dividends in kuwait. Clouding the picture. Cross over gears and some of the key assets we are watching. What a magical number, up 0. 75. What a quarter. Who would hav
Sydney. It is 8 00 a. M. Across emirates. This is Bloomberg Markets middle east. I am shery ahn in hong kong. We are seeing a bunch of risk diversion. A look at the gmm goal function. The japanese yen is strengthening. Up 3 10 of 1 , that is pulling down the equity markets in japan as the nikkei is below the 19,000 threshold. One market that is firmly in the positive, indonesian now at a record high. Is losingkorean won ground. Gaining 2 10 of 1 . When it comes to the sovereign debt market in asia, they are rounding the yield one eighth a basis point. Decision coming up with will be discussing that. A consensus of a hold on one and a half percent with our guest, coming up next. Big story hasher been a downgrade that south africa faced. Ast came late in the evening south africa and uae time. That really knocked around the shoulders. South africa you losing its Investment Grade and now ratingy facing another downgrade. It tells the story of what has been happening with the South African
Yousef it is a 4 00 a. M. In london, this is Bloomberg Markets middle east. It is midday in hong kong. We are seeing some markets in the red. Take a look at the go function. Although markets are in the red, we have some strong players. With forceming back from its today holiday. Yuanouth korean won declining. Were seeing a pretty good session or strength for price on time. The taiwan dollar continues to rise. The japanese yen has climbed for four days against the dollar. We are seeing copper following 8 10 of 1 . Keep an eye on jp morgan and goldman sachs. That is the picture in asia in trading. What do you have for us . Yousef as part of the world, a twohour delay on the emirates markets. This was the state of play. The benchmark index up half of 1 . Were seeing strength in materials and industrials. As we got best performer in this part of the world. If you take a look at the technical, that broke through three moving averages in one goal. Also watch out for first abu dhabi bank, dri