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Burst . But first, coming to terms with an attack in egypt that left 300 people dead. I spoke with the Senior Executive officer at emirates. It is a truly shocking event. I think the thing you have to remember is egypt has gone through a series of reforms on the political side as well as market side, so for now, i think we should view it as an isolated event and see where it goes. They will clamp down hard on this. I think we should take a moment and see where things progress before jumping to too many conclusions. The question becomes how how investors should look at the story. 2015, stock market sold off. Your appetite for egyptian assets remains firm. It is an interesting one. If you look at it and go back a year, you almost have to view this as a timeline situation, a year back, very few Foreign Investors had an appetite for egypt. The security situation was a bit of ....
The imf has significantly upgraded its growth forecast for the regions biggest economy. Thrilled. Netflix is they smashed subscription estimates. It is a 00 a. M. Across the emirates, this is Bloomberg Markets middle east, i am yousef gamal eldin. U. S. Government shutdown did not last long, but it raises more fundamental issues. Entingt is not doing is d sentiment in asian equities. Assignment to the bloomberg. Equity indices across the board for the most part are higher. And asx 200 of two quarters 1 , also big moves in the nikkei, up. Too big stocks to watch out for, macau, and onwynn the other side, Lg Electronics underperforming after Donald Trumps tariffs. We have a u. S. Dollar that is relatively unchanged. This is still close to its lowest level since january 2015. Dollaryen is one to watch out for. It moved 3 ....
The latest from beijing. In the emirates. I am Tracy Alloway in dubai. I in shery ahn in hong kong where it has just gone midday. The boards here have been a hike from the fed. It is affecting markets across the board here in asia. We are seeing equity markets rallying to to the highest level since 2015. The japanese market saw that downward market. The south korean won is losing a asian currency. Optimism the funds will keep flowing into the region after that hike from the fed. Take a look at the offshore renminbis. It is shrink fitting 3 10 of 1 . When it comes to the onshore, they strengthen it by. 37 , the most since january 18. All about sovereign bonds data this morning. Australias Unemployment Rate on gaining rounds as well. Tracy you mentioned the end gaining. The u. S. Dollar doing something on in reaction to the fed decision, it is weakening. It is still weaker to ....
Rebuild relations. Marketshis is bloomberg middle east. We just saw the end of the First Quarter in the u. S. And europe. Lets take a look at how markets performed friday. Cautious tone. People usually dont want to begin building new positions. Stocks hiteuropean 600. About 0. 5 up. Take a look at what happened. 5. 7 over the full quarter. Best quarterly performance since 2015. Again, look at european stocks. Up almost 5 . Pretty amazing. Yousef it has been one of the quietest quarters in a long time. There has been plenty of action. Two hours away from the opening of the emirates market. Thegy weighing in on broader sentiment. Pretty much unchanged. Strong gains in consumer discretionary. Also, utilities. The weak spot, material stocks. Helping to push to buy forward to read first bank of abu dhabi dubai forward. Showing dividends in kuwait. Clouding the picture. Cross over gears and some of the key assets we are watching. What a ....
Economics, finance, and investment but is america exhausted by a stunning game last night . It will truly get super bowl ratings. Francine well. Politics, sports has been amazing. Government british is bracing for a court ruling in the lawsuit challenging brexit. In about an hour three judges will roll whether theresa may can begin the u. K. Exit from the European Union without permission from parliament. Wasish parliament overwhelmingly eu. Egypt has taken the unprecedented move of letting its currency trade freely. The measures move egypt closer to getting the 12 billion loan from the imf. Federal reserve policy makers have telegraphed their intent to raise interest rates. The fed says it needs only some further evidence that employment is on track before hiking the rates. What they do not know is what impact next tuesdays election will have. Our kids priced in an 80 chance of a fed move next month markets priced in an 80 chance ....