Manus a warm welcome to daybreak europe live from dubai and london. The question is who will plug the gap of the saudi aramco outage . A couple oft million back online in the next couple of days. Come is the extra going to from and how quickly will it hit the market . Nejra from the saudi reserves . Will the spr be enough . We dont have an update. The key question is still out there. Looking ahead to the fed, how might it take this . How will it fit into the Risk Management . Manus markets looking for another 50 basis points. Spike risk of an oil going to counteract the strengths of the consumer . E a quick sweep to the through the market. Have brent over two days what you are seeing this morning is more relevant, the drop of a 1 . The market is hoping the special reserves will be released. And the Oil Producers will come together online and plug the gap. Of is concerned. The policies the aussies are keeping the dream alive. The rba keeping the door open to lower rates. In termsbout sh
London. These are the people that we are going to speak to shortly. Dalioversation with ray is coming up shortly from china. We will be talking to Standard Chartered chief finance officer after it they said that they want to give back to shareholders and focus on dividends. We were gaining a touch on the stoxx 600. At the moment is pretty much unchanged. A lot of the impetus on the stocks will be what we hear from from washington, d. C. The u. S. 10whether year yield will go above 3 . Now lets get straight to the bloomberg first word news. The European Union will tomorrow challenge theresa may when it publishes a dropped brexit treaty. According to a person familiar with the matter, the bloc is said to set out in legal detail how the terms of the transition period will go. U. S. White House Communications director is scheduled to be interviewed privately to date by the House Intelligence Committee, which is investigating russian interference in the 2016 election. According to house off
Settlement cycle and it has also become the first in the region to permit short selling. We spoke to the c. E. O. Of the middle east biggest equity market. What i would like to see is the growing number day after day and year after year. We have an ownership limit of 49 and wed love to see a few achieve that level. The other big theme has been ipos and were hearing whispers of more Family Companies considering ipos as well. How many ipos are you looking forward to in 2017 to bring liquidity into this market . Well, today after launching the Second Market were looking at ipos from two different sides, offering two platforms for listing. He main market and nmo has been very active as expected. It has been granted approval 20 we can say that at least Saudi Companies have fired their Financial Advisers. We see a very healthy ipo pipeline on the market. Out of those 20 are there more Family Offices considering ultimately the thinking was it has encouraged more of the private companies to co
Settlement cycle and it has also become the first in the region to permit short selling. We spoke to the c. E. O. Of the middle east biggest equity market. What i would like to see is the growing number day after day and year after year. We have an ownership limit of 49 and wed love to see a few achieve that level. The other big theme has been ipos and were hearing whispers of more Family Companies considering ipos as well. How many ipos are you looking forward to in 2017 to bring liquidity into this market . Well, today after launching the Second Market were looking at ipos from two different sides, offering two platforms for listing. He main market and nmo has been very active as expected. It has been granted approval 20 we can say that at least Saudi Companies have fired their Financial Advisers. We see a very healthy ipo pipeline on the market. Out of those 20 are there more Family Offices considering ultimately the thinking was it has encouraged more of the private companies to co
Tone of his statements may tell us a lot. Rishaad 8 00 a. M. In the emirates, this is Bloomberg Markets middle east. Markets dive into the and show you the landscape across the asiapacific region. Gmm is the function on your terminal and you can see that the leader on the board today is australia after that surprising retail figure coming up to the upside. Were seeing a rally on the asx 200, with Retail Stocks and macro funds reportedly selling into the rally. But we are seeing the rest of the market with a little bit of a mixed picture, including hong kong and china. And theres down, really is this anticipation ahead of that communist Party Congress in the fall that we arent going to get a lot of policy guidance, so perhaps investors will be staying on the sideline. What are you watching . Yousef there are quite a few other asset classes, the energy has quite a bit of movement. That is taking a bit of a breather, halting gains after the longest winning streak this year stop it is down