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Investors waiting to look at the notes from the recent fed and ecb meetings. Janet yellen and mario draghi meet this week. Is 8 00 a. M. Across the emirates. I am Tracy Alloway in dubai. David we are just entering the lunch break from markets here. A sense ofe you where asia started out this week. It has not been the most stellar. Ession a lot of this comes to the pullback. The big story out of europe, germany. Dollar. Ion low on euro were coming off a little bit those lows. Still under pressure. Gdp, cementing Southeast Asia as the rising star of growth among growth for thailand going back to 2013. You have some good, but mostly risk off. Definitely risk off in the markets. Some assets that mean a lot for this part of the world. Brent falling, down . 13 this morning. Meanwhile, the bloomberg dollar regaining some of its safe haven status. U. S. 10 year yields continue to grin ....
Most negatively correlated to crude oil since 2013. It is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I and Tracy Alloway in dubai. Lets see how markets are trading. 1. 68 afterg up that stronger than expected chinese manufacturing pmi. Composite up 1 . Sex up. Japans markets are closed for holidays. Speaking of holidays, it is a new year, but the same story for the bloomberg dollar index. It is slipping. 1 this morning. You have to feel for those dollar long positions. Crude, wti and Brent Holding onto gains. Wti above 60 per barrel. In saudi arabia, one of the few ,arkets open during the holiday wasnt feeling those positive. 2 . Ments, down almost lets check in on headlines. Debra more signs of strength. Aheadixin survey came in at 51. 5. Tations that 5 the reading will be welcome in beijing ....
Very much appreciate what could be the largest ipo ever. And rising risks, pboc governor chinas Financial System is left significantly more vulnerable and calls for reform. Yousef it is bright and early in dubai. Clock looking at some a. M. Local time. Welcome to Bloomberg Markets middle east. What a dramatic start to the we. The Saudi Crown Prince appears to be melting something of a purge against several highprofile princes in the world family. Yousef the list, i keep having to look through it again. Accused of everything from corruption to of using public funds, some very big names on the list. Including a very well known as this man. Businessman. Looking at a lot of foreign officials. A lot to digest here from a market perspective. Tracy that is exactly right. Its bringing out executive editor for the middle ....
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