5 billion this year. As donald trump insists he is the least racist person, the s minister calls him an asteroid of awfulness. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. U. S. Markets close for mlk day. The Asian Session off to a strong start. The global map gives us the pulse. Gains in the hang seng, up. 6 . Asx 200 up as well,. 3 . On the foreignexchange side, a move in the mexican peso off the back of positive whispers around ,he future outlook for nafta the yen rising to a high against the dollar. Some of it on governor kurodas comments, but also Short Covering from traders. Interesting moves in commodities. The weaker dollar feeding into these trades. 1. 2 , leading the complex higher, even after china data missed expectations. Lets cross the board and let me show you other key asset classes. Brent crude, a lot of commentary , still new highest close in three years. More opec members calling for cuts to be kept through the end of the year. Story. Gain
Airbus of the a3 80 questions the future of the jumbo pending helps of survival on the emirates. I am yousef gamal eldin. The u. S. Bond market coming back online. To asian equity session off a strong start, although a mixed action or. On thebal market bloomberg, the hang seng up 1. 3 , some weakness with the aussie stocks. A bhp ratingsnd cut weighing heavily. Broader session dominated by Consumer Staples and Technology Sectors offsetting a decline in materials. Fluctuating, the dollaryen one of the major moves in the key currency pairs. , down. 4 . E speak relative stability in the u. S. Dollar for the moment. ,t is hitting the base metals aluminum down 2. 2 . Also sink down. 8 . And i will the board show you what is happening with brent crude. Currently down. Wti stronger, a diverging richer on that front. The u. S. Tenure currently unchanged. We have the eurodollar story. We will get into that shortly. S p 500 futures higher. We do have citigroup expected to post fourthquarter resu
We talked about the Economic Outlook for qatar with mohammed sergei. Guest the selling points for qatar over the past come of years that as Oil Prices Decline and affect all the countries in the reason, qatar continues to grow faster than it. Qatarbeen its continues to grow faster than its peers. It appeared to grow faster than the reduced forecast of 2. 5 . The reason is that qatar is spending 2 billion on infrastructure upgrades to host the world cup, so that has moved the needle a little bit. The embargo has absolutely affected forecasts for this year. It is interesting to see how that will play forward that layout Going Forward. Shery expectations are high for growth in 2018. Re economists adopted . Are economists adapting . Are they expecting the economy of qatar to adapt to the boycott eventually . Guest the really important factor at play here is the assumption that tensions will not be escalated and the conflict will not be escalated. If it continues at the current trajectory,
Departure. Soft bank looks to create some hollywood movie magic. The Japanese Firm is in talks to buy Dreamworks Animation for more than 3 billion. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. This is a live shot from the streets of hong kong. The hang seng market closed 2 lower after a week of protests on the streets of hong kong. Demonstrators are demanding full democracy from beijing. The Hong Kong Government says it has withdrawn riot police as protests calm down. Eunice is in beijing for us, what has been the reaction there to the protests so far . Reporter well, so far in beijing, mainly what people are seeing is a very controlled presentation by the government of what is happening on the ground in hong kong. Theres been heavy sensorship on the internet where we are seeing instagram blocked, also some of the social media apps, particularly like the messaging and wechat. We are seeing a lot of terms deleted that have any reference at all to
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