Reaffirming its redline over taiwan. Coronavirus claims more deaths as cages cases approach ive million. U. S. Closing travel from brazil. Protesters to announce chinas security law in hong kong. Washington says it could be the death knell for asias leading financial center. How is that playing out across these markets . Declines from last week, there is a little bit of trepidation and caution across futures now. Your getting brent crude, pleasant surprise from the upside, nothing screaming higher. 29. 65. 2965. 34. 72 brent crude. Coming off weeks of sharp gains. Looking ahead you have more data that perhaps would give us more visibility on the path. We could get consolidation as we were talking about earlier in the program. Lets talkoned, about the renewed tensions between the chinese and the americans here with the foreign minister of China Morning the u. S. To give up warning the u. S. To give up Wishful Thinking about changing china. Saying some in america are pushing relations to
Capital. Protests continue in the region. Oilalling time, kuwaits minister says opec and its allies may end restrictions before 2019 if the market rebalances by june. Yousef this is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Tracy i am Tracy Alloway in abu dhabi. Good morning. Yousef special coverage out of to us about what we can look forward to. Tracy sure. I am at our annual conference bloomberg invest abu dhabi, our seminal conference in the region and comes at a crucial time for abu dhabi and its gulf neighbors. , theyre, saudi arabia are trying to attract Foreign Investment at a time of low oil prices. We will be hearing from that you ate he Energy Minister and hear from the deputy ceo as well. Later on, we will talk to the ceo of investcorp. Stake andtly sold a we will find out if there are more partnerships to come. Thanks. Cracking lineup. Global markets, yes, the story around bitcoin continues to evolve. It is a big week for Central Banks. This is gmm. W
U. S. Trading day so lets head back to new york where matt miller has been tracking the moves and a record high for the s p. We were so close that it had to happen. Too the close, we are going see a new record for the s p for the first time in 286 days. This is the longest stretch we have gone in a bull market since 1961. Was 2130. 8. O beat not too difficult. The dow jones up 111 points. Youve got the certainty of theresa may as a new Prime Minister after David Cameron said she would start on wednesday. We have the japanese losing Monetary Policy further. We haveve got the job on friday, all pushing up stocks. Look at the Airline Stocks. Here is the s p. To show you the Airline Stock because a bunch of the Asian Airlines came in and ordered more single aisle jets. That is pushing up to sting boeing as well as all of the European Airline manufacturers. American airlines rising as well as ualr. The utility stocks right now, they are coming back a little bit that we do see utility stocks
We will have their ceo with us just before he goes on a conference call. Happened withat the failed coup on friday we want to see what the central bank ones are doing. They left their benchmark rate unchanged at seven and a half percent and cut their overnight lending rate about 25 basis points. We do have the lira depreciating slightly against the dollar. The Turkish Central Bank said it took measured steps for simplification simplification. The lira on the move to the downside. Lets get a check in on the rest of the market. Record highe fifth on the s p 500 in just under a week over a week. Future softer. The dax down by one full percentage point. All 19 Industry Groups on the stoxx 600 have been in the red so far. The ftse 500 down one third of 1 . Germany Investor Confidence absolutely plunging. The fx market, the aussie dollar getting absolutely whack. We have some minutes from the australia centralbank, very dovish minutes potentially setting us up for a rate cut. The dollar is u
Conditions this morning. One of the concerns this morning is for black ice on the roads. The temperature is above freezing now but youre still advised to be cautious. Aly myles has been telling us the roads are a little icy but still clear. To show you what it looked like last night, look at this video. This shows the same s. C. Dot camera from i385 at n. Pleasantburg drive. Thats exit 40. Geoff you see on the left traffic at a standstill on the interstate after a few had slid off the interstate. On the right is video from this morning showing the scene , cleared and traffic moving smoothly. Of course very few people on the roads this morning. If you do have to go on the roads, be aware of possible icy patches and take your time. Allyson some schools are concerned with buses on icy roads because of that and the conditions. There are delays at the bottom of the screen. A reported accident about one mile from him that pretty much on highway 226 at highway 64, blocked because of downed tr