Lender could cut more jobs. Adding to those already announced in august. Manus good morning to you, monday morning. Sentiment being driven by the chinese. They think they have President Trump on the run. The oil market. We dropped by 5. 5 last week and we are adding to that momentum. And the positioning is aggressive when it comes to the oil market. Wtabullish positions on brent. Storming for the exit door. By 32 . Positions down we will bring you the oil charge. Let us take a look at dollaryen. This is a look at the bond market controlling. This is dollaryen. The bandwidth negotiations between china and the u. S. There is a hesitancy to break low work, the dollaryen. This position is under positioned. Because you see an aggressive repricing last week. Is ready to think about adjusting her position. She dissented twice. She is ready to reconsider the position based on the data. We will talk about that with our guest host in the next 45 minutes. Between chinans and the u. S. Are prepari
Approach with Jeanclaude Juncker. We are in luxembourg. Manus a warm welcome to daybreak europe. We are waking up to 5 Million Barrels of oil being taken out of the system by saudi aramco. Is it a fourweek affair . How much of the 20 price rise that we saw at the open is geopolitics and how much of it is supply . Good morning. Nejra yes, the biggest sudden disruption ever is what we have been waking up to this weekend. We have certainly been mispricing oil markets up until now. We have indeed. Let me show you the single biggest daily move. I put it in the library. Here we go. This is the kind of size and scope move we have seen on the oil market. We opened up on the biggest move since 1988. Since 1990iggest when kuwait and iraq were at war. The question we must ask ourselves is how quickly can aramco get this oil back online . You need to speak to the market and make it very clear what is the damage, what is the damage limitation. Lets look at the rest of the implications. We are seein