Real feel for supply and demand. And president trumps Jerusalem Decision continues to make waves. The United States uses it veto for the first time to block a u. N. Security resolution on the issue. For expansionary budget 2018 for saudi arabia. A boost in spending in almost 300 billion. 2. 7 , gdp to expand to after shrinking by. 5 in the last year. Here is how we covered the story. The chairman of the company, the minister of energy, the ceo and i thinkny, ideo we expect the the ipo will attract people. That tadawul is one option and we are also looking at many s, going through a lot of discussion and assessment. This is not a normal ipo, it is an ipo for the world. We want to make sure that we do not leave any stone unturned, to ensure we are doing what needs to be done to choose the right one. Yousef some additional revenue could be what is happening with what is going on with the governments anticorruption crackdown. Here is what he had to say about that. The attorney general made
Meeting,ing us at that praisedt erdogan russias role in syria, and says he is ready to send more troops to in the civil war raging for more than six years. Let me say this, before anything else, increase your friends, increase your enemies. We are working on this, and we had something negative with russia, but in a very short time we got past this issue, and right now with russia with gotten a significant climb in Foreign Trade volumes of 36 billion with russia. Now russia will pass germany to be number one in tourism. A very significant wave of tourists has come from russia to turkey. There is a two and a half hour distance between us and moscow. , there is onlyme we will have our talks there. On monday we will come together with mr. Putin. We will have a telephone call. On thursday we will have dinner together. We will talk about these developments, about what is happening in syria. Look, right now there are some problems. We will talk about that. Despite all these events, while it i
The imf to stop playing with fire with the countrys debt issues. Yousef im yousef gamal eldin. Tracy im tracy alloway. This is Bloomberg Markets middle east. It was inat a week markets. We started off lacking direction. U. S. Markets in particular reacting strongly to headlines from the trump administration. Yousef absolutely. If you look at the comments from donald trump, the promise to overall business taxes really helping across the board. Record highs for a lot of these markets. Going all the way back to the 1990s. This is the chart to pull up the blue line where you have these synchronized new high, intraday high specifically. Its important to say that in the late 1990s we had these massive breaks, and then look at the number of bars right there. Stocks pushing new record highs. Important to note the vix is still at, what . A twoweek low . Its amazing the complacency in the market. We will talk about that with one of our guests coming up. Closelook at the u. S. Numbers. We had hig
Has a few more steps to unlock a 12 billion loan. This 5 00 a. M. In london. Welcome to the program. What a dramatic few days it has in for the british pound. Losing as much as ex. 1 . Lets look at a chart i have crafted for use or you can look at the scale and scope. Fall in theing at a span of two minutes. A 31 years low, the biggest fall its 2009. We are looking at the numbers, the data. There was a dry patch in liquidity. The rhetoric on the socalled hard brexit playing in as well. Underscore and, you know what, this is not something you would ct in a we are also seeing hedge funds increased net positions to benefit. Mark carney from the bank of england, asking the markets committee to review the events crash. Ding the likely to dominate much of the conversation going into this week. Lets see how markets closed in the red states. Stocks slipped friday, adding to the first weekly decline in four. The s p 500 was the biggest down come out 0. 3 . Biggest drop, at 0. 3 . The implied pr
Action altogether. It is unusually low today as ifestors wait for the fed you need sectors on the move, there is a little bit or movement here today. Energy shares were the worst performing group, and now financials and energy, were seeing a drag on major averages. Of course, as we have been watching this, that means we are toting closer and closer unchanged for the year. I just wanted to mention what we are in commodities today as well. Oil and gold, which we have lowerng, crude oil after a wrongful not freeze rampstion until after it up production. David a big week for Central Banks. I wonder where the fixed income markets are in all i wil in light of that. Julie we have a yield of 1. 95 . It is going lower to be sure, but it is getting closer closer to the 2 threshold and it reflects some increasing use that the fed will raise Interest Rates, maybe even twice this year. If you take a look at w. A. R. P on the bloomberg, that factors in interestrate futures. More than 50 probability