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Transcripts For BLOOMBERG Bloomberg Markets Middle East 20240713

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

Transcripts For BLOOMBERG Bloomberg Markets Asia 20240713

far as asset classes. the asian index, down .2%. up 16%.date, it is not too bad, but not the extent of what we saw on the s&p. the csi 300 index in positive territory, up .3%. the pmi numbers, beating expectations. 50.2 versus estimates of 50.1. talked about a possible stabilization of the chinese economy and exports may return. let s flip the page. take a look at where we are in currencies. it has been a dollar story. it has been down for three days, the dollar index down by .1%. for thear, falling third straight session, falling to its lowest in almost six months. gold has been a huge surprise, continues on the upside, climbing for three weeks, largely to dollar weakness and the gold index, silver could be playing catch-up. reminder, some markets are shut today and you have some truncated sessions in singapore, hong kong, as well. we are shut in the next 60 minutes or so. happy hour comes early for you today. here is where we were on friday. big gains. we were flat yester

Transcripts For BBCNEWS Asia Business Report 20240714

borisjohnson has played down the chances of negotiating a brexit agreement with the eu before the uk is due to leave at the end of october. now on bbc news, live to singapore for asia business report. trade war markets fallout. asian stocks slide and the yen rises as the us china conflict escalates. robots in ageing societies. how mechanical workers could come to the rescue as we all live longer. hello and welcome to asia business report, i m sharanjit leyl. we start with the trade war because stock markets in asia have slumped and the japanese yen has jumped as the conflict that wean the us and china intensifies. let s look at the markets now, because the futures we re markets now, because the futures were pointing to a lower open and true enough japan s nikkei were pointing to a lower open and true enouthapan‘s nikkei is down 2.596 true enouthapan‘s nikkei is down 2.5% and the all ordinaries down as well. the japanese yen is rising, a safe haven in volatile times like t

Transcripts For BBCNEWS World Business Report 20240707

let s get down to business. as promised, we have more for you on the nato summit that will be getting under way in a few hours time. where, as you ve been hearing, finland and sweden have joined the alliance after turkey dropped its opposition against their membership. so, two of the hot topics at the summit are deciding whether russia or china is the biggest threat to world stability currently, and how to share the combined costs of defence security. members are expected to meet the nato target of spending 2% of gross domestic product on defence. the uk presently spends 2.1% of its gdp on security, but there have been calls for an increase after russia s invasion of ukraine. michael rowe is vice president of aerospace and defence at frost & sullivan. good morning to you, michael. first of all, finland, sweden joining nato. what does that mean in money terms? good morning- mean in money terms? good morning. when mean in money terms? good morning. when you - mean in money

Gold gains as rising virus cases, pullback in US yields lift demand