israel is banning international flights as part of restrictions to limit exposure to the virus. and saudi arabia removes the central bank governor, says it intends to it s self-involved by 2025. we ll have the details. i m yousef gamal el-din in dubai. u.s. futures grinding higher at her after democrats will use tactics to push through their legislative agenda. we are currently up to fits of 1%. stocks two fifths 1%. it s well below. treasuries dip. this week s supply kicks off on a two-year sale, $183 billion in supply offset by $105 billion in redemption. bloomberg dollar index below flatline. brent crude lower by 1/5 of 1%. iraqis are ignoring production to compensate for overreach. that is mitigated by return of supply to placements like libya. we ll get to that in more detail. let s get you market action with asia with juliette saly. good morning. juliette: hi yousef. certainly risk on as they look ahead to the fed meeting. asian stocks erasing losses we saw frid
dubai drops nearly 5% and egypt slipped 6%. today in an unprecedented third election in less than a year. the political deadlock finally broken? 8:00 a.m. across the emirates. this is bloomberg daybreak: middle east. i m manus cranny in dubai. there is one word reverberating from the fed to the bank of japan. the word is appropriate. appropriate actions to support the markets. the bank of japan will make sure ample liquidity, appropriate action and so the s&p smell the sweet wisp of the put option around the world. the bank of japan injects liquidity, goldman sachs says there will be three rate cuts. has anything structurally or fundamentally changed in terms of risk of a global pandemic? probably not. let s talk to juliette saly in singapore. chinese stocks are starting to roll back to life. are we putting in a bottom? manus cranny juliet: a huge game for the csi 300 and for once, nothing to do with liquidity. instead, the bet we will see more government stimulus after
but security saying you will see the boj stop buying longer take 2020.in a move in the aussie in focus today. we are hearing hedge funds switching to bearish. the dollar is weaker ahead of inflation data due for november. we re also watching the thai baht, stronger against the ringback. trade data against the greenback. rishaad: the indian trading day, futures are looking flat. what we have seen, discussing a short while ago, record highs for the nifty and the sensex. friday no exception. it toheless, that brought a record high for the index of some of the heavyweight stocks. the rupee is flat. the 10 year yields, big move lurched to the downside, something like 10 basis point in terms of the yield. the prospects here of further interest rate cuts, again brought to the fore. it says something that has gotten more and more credibility as we do see further signs of weakness, particularly on the demand side from the indian economy. that s a look at what we have in prospect. wi
are the implications? this is bloomberg bloomberg daybreak: middle east. i am yousef gamal el-din. manus: i am manus cranny. the plan was defeated in the house of commons. the margin was not as bad as the previous one. volatility hitting levels we have not seen since november. brexit, are we facing a second referendum? can you call sterling stoicism? u.s. stocks getting out of a five day funk driven by health care. they are talking about tug-of-war between weaker cyclical indicators and much improved monetary indicators. a lot to consider for investors. tech stocks having the best two day rally in five weeks. look out for boeing, it is a mover on the nasdaq. currently lower on teachers. a asian equity session taking sentimentrom positive , that is fading. we have a lack of fresh data. losses led by the japanese nikkei. manus: confidence is getting slapped in australia, the lowest since november 2017. what happens next? does this lead the rda in a delicate position in regard
looking for a closer regional ties in beijing. this is for infrastructure improvements. dubai.cy alloway in angie: it is just past noon. and i m angie lau. we are talking about how the equity market is performing tonight and noting that it is opposite day a little bit. you may have noticed yesterday, it is completely reversing yesterday s losses. asian markets are actually gaining. one of the key factors is stanley fischer, the vicechair of the federal reserve. he is a most walking back what yellen was saying about being hot accommodative of a economy. in his point of view, it is all about slower growth. the slower growth trend caused by low productivity. there is slower labor force to growth. and higher shaveings are connected with the aging u.s. population. and also weak investment and lower global growth dragging on u.s. exports. let s take a quick look quickly at asia, the state of the markets trading in mumbai. japan, though, notably just a little bit off. tracy, how abo