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Manus a warm welcome to bloomberg daybreak europe. The world is trying to reprice risk. The sentiment over the past three days has been clearly about either we are fools to reprice to the downside in the oil market or it is an opportunity, a resplendent opportunity, to reprice risk. Amri is chasing the Saudi Oil Minister as we speak. Spoke to a representative from the iea and their comments were interesting in terms of the downward pressure on the oil market. President trump said the world is watching. We are watching that geopolitics but as we wake up this monday morning, there is a little bit of risk coming back on the table. Thes more from one of Energy Delegates from the u. S. Later on. We are busting a few moves. The yuan strengthening. We can debate that with our guest. We busted through the 6. 9 levels. Goldman says you have gone through the trough in growth. You ....
It is 8 00 a. M. Across the emirates. 4 00 a. M. In london if you are up early. This is Bloomberg Markets middle east. I am yousef gamal eldin. What a momentous two weeks we have had in the first of 2018 and bulls have been in charge again, Consumer Discretionary pushing up some of the industries. Of a p 500 up 7 10 percent, the eighth advance in nine sessions and the nasdaq showing strength. We saw a soft spot in some of the property stocks. The story. O year was we look into that trade. Rosengren says that this does not indicate a recession, is that the case . We have quite a bit of weakness. A key scene for the markets going into a fresh week. They are at their lowest since september and basically dropping against all of the g10 peers. That is feeding into other key Asset Classes, eurodollar up. The stronges ....
Bribery suspect. Yousef it is 8 00 a. M. Across the emirates. Im yousef to managing. You said about amantadine. Takata Bloomberg Markets middle east. We are seeing another gains of middle the nikkei not looking great in the morning session, not surprising given the strength of the japanese yen throughout the week as we see the dollar retreating for a second consecutive session, standing 100. 42. Hugee the trump trade, the trade that has been going on since the election on the yousef line. Yousef it is about the u. S. Dollar. It is about the incoming u. S. Administration. Let me show you the key u. S. Asset classes. We have put up the u. S. Dollar and added the benchmark 10 year treasury yields. I have highlighted this. This is what happened when the Trump Press Conference started. That tells you the story about the amount of anxiety in the market. A lot of investor ....