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Oil is heading for the first gain ahead of the Global Production cut to reduce the glut. They are also seeing the biggest fullyear rise since 2009 despite stockpiled at the highest level in three decades. Producers have agreed to cut output sunday. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Lets get a check of the markets now. It is a mixed day, but hong kong, china doing better than the morning session. Asian stocks are fluctuating. Singapore, tokyo, mumbai. Back in half an hour. Time now for the best of Bloomberg Markets middle east. Yousef it is the end of the year that saw the end of opec. Welcome to Bloomberg Markets middle east as we wrap up 2016 with this special Holiday ....
Tracy im tracy alloway. Riyadh. You are in that is not your normal place. What are you doing here . Are not here to look for oil barrels. The story here is about the Stock Exchange. They have the biggest Stock Exchange and they are pushing ahead wiith the series of reforms. Part of it is to make it deeper. Part of it is to perhaps repair as well for the delisting of saudi aramco, but also to diversify away from its dependence on oil. The new parallel market they are is arabichere, tracy, for growth. It requires a market value of at riyals. Million saudi and they are offering a percentage of at least 20 . Of course, all of this again part of the broader efforts to try to prepare the market for the emerging market inclusion. It shows regulators are serious with moving ahead with bold, constructive reforms. The realtors have not really bought into the stock market story. Yousef, ....
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 ma ....
Ramy inocencio has the latest. Ramy we are in the dog days of summer and all my about 18 or 19 on the day. We do have a couple of wins pushing our way with the news from the Stanley Fischer and falling oil, which we will get to. Pretty muchs p are a flat line. Down as well and not a lot of movement here. Go into more specific information with the sectors and their help. Basically 50 50. Utilities right now are of the most and health care had been higher because of that pfizer deal but is paring gains. Most in terms of the sector. Before we get to that, lets talk about asp. Gas is on the rise seeing it best day in the past three weeks or so. Dominion resources are up on the order of 1 . Natural gas is up, deftly off its session highs, but theres a forecast that during the Labor Day Weekend that there might be higher than expected temperatures on the order of three degrees ....
We are joined by our west african correspondent whose spoken to survivors of the attack of boko haram. Translator i was in school when they came after us. They burned everything. We left my father and little brother behind. On the program, aaron joins us about the end to falling oil prices. We have been talking for months they are falling off the cliff. Losing value. In the past couple days oil prices have done a flip and started to rise. We are going to find out, is this a temporary blip or will the prices continue heading higher . Welcome to the program. Is there anything wrong with using three people to create a healthy baby . That is the question british politicians will vote on later. The technique aims to protect deadly diseases such as mitochondrial diseases. Taking an egg and removing it leaving the faulty mitochondria behind and placing it in another egg with healthy mitochondrial. The uk would become the only country in the world to legalize this technique. Some groups questi ....