Exchange, but regulation of their trip to currency is demanded. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Coming up, we speak to Scott Morrison after the government in australia forecast a never arrower budget deficit. Some headlines out of india, the index down 1 . The indian rupee down. 1 . That would be risk for the reforms the Prime Minister wants. The rest of the picture is largely positive. The handoff from the u. S. At record highs. Midweek boats and the house and ate and plans for folks senate. The new Zealand Dollar is firmer. The metals space, take a look at that, copper leading gains. Other key asset classes, brent crude looking to updates on a pipeline. Not the extent so much, but a possible restart date. Watch out for that. Downdownside pressure,. 1 , 60 doing a historical volatility the low since 2001. A big week in emerging markets with dollar rand on the downside there. Key here is the votes of the ruling party, the leadership votes schedu
Young to resign but he calls the claims lives and vows to stay on. And the man known as the flying tomato and lands at the top of the podium in the Winter Olympics we tell you how american small border shaun white that is go and. Hello and welcome to the program. South africas ruling a. N. C. Posse tells president jacob zuma your deadline to leave is today the announcement by the n. C. Leadership comes off to zuma failed to respond to an order for him to resign this as police carry our grades on the home of a wealthy family with kill steins to him the good things are at the center of the corruption scandals surrounding zuma several arrests have been made the pressure on the embattled president is increasing and with the a. N. C. Saying hell have to face a vote of no confidence of thursday if he does not stand down today. So. Weve got it. There but. Youre going there. Was. A. Fire in a court room for. You over the. Side of the river. In the right. And christine when vice keeping a close
A. M. In london. This is Bloomberg Markets middle east. For a week it has been local markets. Especially if you take into consideration it was a week when we had the Interest Rates moved by the federal reserve. They hiked on that front. We had an attack on congressional representatives in washington. Political uncertainty that continues through the markets. And the market moving for whole foods by amazon. If i told you that this would this is how the u. S. Would close at the end of the week, you would of called me crazy. Theselloff did not prevent s p 500 to end the week unchanged. I will get you a quick run through of the markets. The nasdaq, 100, 2 week drop. That is the worst slide since november. Netflix and microsoft, you can cbs and p 500 early about the flat line. We did have some interesting moves on some of the bigger companies. Lets cross over to this part of the world, in terms of key Asset Classes and focus on brent crude. 47. 37, that was late trade on friday. Rent down 2
Arkets middle east. What a week to look for two, we have the jobs report later in the week and earnings for some of the heavyweights around the world. Let me recap friday. Is there ever a friday that is not of info. . Not even full . Things tow important point out in the s p. In terms of tobacco stocks, they got absolutely smokes. This is on reports that the government is seeking to cut nicotine levels to nonaddictive levels. That had an impact. Also broadly, the week did see disappointing earnings. The stoxx 600 climbed 1. 1 in europe, the lowest in 14 weeks. Loreal was one of the companies that drag it down. The eurodollar had a tremendous week. And the u. S. 10 year paper relatively unchanged. On a show you some of the other key Asset Classes that will be in focus. Brent crude is one of those. Not bad if you are able in this market. The best week of the year. A lot of paltry increase. At golde a look futures. 1275 per ounce. Out the here pointing gold is breaking the sixyear downwar
And midday in hong kong. Tracy this is Bloomberg Markets middle east. No shortage ofs things to talk about from last week. Ofhad a smorgasbord political events, central bank meetings, and nonfarm payrolls on friday. What caught your eye . What islets kick off happening with the u. S. Dollar. Drop. On its sixth weekly this chart really gives the additional context. This chart goes all the way back to february 2016. We got the jobs data and we did not get a lot of evidence though in terms of how much further it has to go. , of course, the issue of wage pressures that continues are the report, but tomorrow the report, but it gives the dollaryen trade a little bit of a floor, tracy. Tracy lets look at how the jobsts reacted to the growth. The s p 500 closed within a point of an alltime high, but course,story was, of banking stocks. They showed up in the Dow Jones Industrial average. That was up almost a percent, reclaiming 20,000 after trump signed his executive order asking for the review