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Dozens of jobs said to be on the line in middle and upper management. This is Bloomberg Markets middle east. Now seeing asian equities gain ground for a second consecutive session, but not such an exciting session today. Markets are rather quiet. We are looking ahead to the u. S. Earnings season, not to mention we do have u. S. Policymakers speaking, including fed chair Janet Yellens report to congress this week. Leading gains in volatilities rising in the halfing and sex in the hang seng index. The nikkei pushing ahead. 5 after 20,000 level. We do have a weaker japanese yen for a third consecutive session, nearly twomonth low. It is still rather muted when it comes to currencies across asia. The kiwi dollar leading declines. We saw week retail spending we saw weak retail spending hitting a nerve there. We are also seeing brent to treasury yields rebounding in the asian ses ....
Speaking to bloomberg. Riyad turns up the heat in the gulf, adding new names to the list of terror groups. A secondquarter results show rising costs, sales improved but miss the most bullish forecasts. And of course, oil gaining for a second consecutive day. Yousef, did you see anything leading to this . Yeah, just a general sense speeding into sentiment that opec and nonopec look is the course. There were no major surprises, but they did say they will improve their way, listening to the market, what metrics they are looking at. Youre going to take compliance more strictly, and they are not going to take the countries who are not pulling their weight continue to do that. The other key thing is nimbleness, absolutely crucial. They will continue to have a level of agility to react to market conditions. For now, they will continue to stay on course. Got supply coming down that will help rebalance the market and ultimately feed into the broader price. The ceo says they are improving spread ....
Motion goes to a secret ballot. It is 8 00 across the emirates. Is a pause for the market andy that we saw in asia the regional benchmark just barely holds onto gains. This is leading the declines. We are seeing every sector there is also a little bit of loss for south bank and they are not able to upset the gains with the earnings and that is a key driver of the markets. The exports missed estimates and guru. We are seeing the renminbi grow has aluminum at its best levels in five years and they are seeing a lot of momentum. Caseurse, that is not the of oil, which is losing ground. Once the weaker dollar feeds into some of this community. You have the meeting and you have u. S. Inventory to look ban watch out for what is happening in terms of oil companies. Futures at 1200 tuesday five dollars an ounce and it is the lowest since march 2016 to spread with the bonds over the it is ahead of this noconfidence vote. What is going to happen . There is a big decision ahead this is local time. ....