Survived a year of negative rates with profits intact. A year of survived negative rates with profits intact. Yousef i am yousef gamal eldin. Ahn. i am shery welcome to Bloomberg Markets middle east. The wall street rally, banks leading gains after hence of easing regulations in the u. S. The dollar continuing to slip, oil getting a boost after it rose for a third week already. Absolutely. The geopolitical risk factor is creeping back into croup markets. Since been 23 years talks between iran and the United States. Basis, thisterm goes back to the beginning of , and you can brent see the scale and extent of volatility at the beginning of 2016, and after opec and nonopec reached that agreement, volatility moderating, and that opec, toa key goal of bring predictability back into these markets. Watch out what is happening with u. S. Crude rigs, the latest baker hughes numbers showing that. Shery im taking a look at gold. We are normally seeing the dollar lead the way for the metal, but no
Wasas the asset bubbles he worried about. We will continue to talk about that. Markets areow the reacting to this complicated decision. We of newsmakers throw the Program Including a Company Chairman and formal Federal Reserve chairman Alan Greenspan. And black rock ceo larry sink larry fink. It is quite a big program. First a check in the markets. Hawkish hold one hundred percent risk rally across the globe. Take a look at this it is green all over in europe. Telecom leading the way, euro stoxx 50 energy also moving higher. The dax now at a two week high. What does that mean for fx . It means a weaker dollar. You have the british pound up against the dollar. The one currently not in this is dollaryen, it is higher than you have investors digesting the boj decision from yesterday. Ng across theyi board. A strong rally in steel and iron ore. Those risky bases are seeing a huge move also crude is up. In the bond markey, i market, it is buying in the wrong end of the curve. Different 10 y