Crude is down some 20 this year, despite opecs attempt to prop it up. And it could have further to go. Plus. On edge over brexit germanys industrial giants fear for the future of their multi billion dollar uk market. We report from the Port City Of Bremen. Welcome to World Business report. I am rachel horne. We also have the story on the excessive borrowing by chinas biggest companies. We start with the price of oil, because, once again, despite the best efforts of the Oil Producing nations to prop it up, it is on the slide. Lets show you whats been happening. This week the talks all been about this guy hes back. Traders refer to a bear market when the price of an asset falls 20 from its recent peak. It often signals a loss of confidence and further falls to come. Since the start of the year, crude has done just that. It is down over 20 . It was 56 per barrel in january, and it is down over 20 . It was 56 per barrel injanuary, and is now below 45 in the middle of this week. Back in nov
Could he be so stupid . The line went dead and he did not contact us again. Not for another three weeks. We will have an interview with the pa rents we will have an interview with the parents about the last time they spoke to their son. Will the government stand firm on its Spending Plans when their legislative programme is debated in the commons again today . We are live until 11, as we are each weekday morning. The question today is it time to relax their pay cap on firefighters, teachers, nurses and eve ryo ne firefighters, teachers, nurses and Everyone Else who works in the Public Sector . If youre affected by the pay cap which was debated in the commons last night, and there was a movement to try to get that lifted but it was defeated, if you want to see that happen, do let me know how you think it should be paid for. It is expected that the retired Appeal Courtjudge, sir martin it is expected that the retired appeal court judge, sir Martin Moore Bick, will be appointed to lead th
Quiet in the markets with the u. S. Celebrating president s day on monday. Overall, global stocks were mostly higher. It looks like we are waiting for direction. Perhaps we could get it with the fed minutes on wednesday. Live. Eting is lets look at how things are in the asiapacific. Slow going with new zealand stocks down about. 1 . The kiwi dollar unchanged. 80 and beyond is the call from Deutsche Bank sac the resurgence in exports. That is ahead of the rba minutes out in the next hour. Stocks slow going at the stock of the open. The dollar yen has been going sideways. 113. E the dollar yen above back above 120. We do see weakness in yen. It could be a boost for stocks. Lets get to our top story in asia this morning. The austrian Prime Minister has told bloomberg he will maintain a Good Relationship with the u. S. Despite the reported rift with President Trump. Speaking exclusively, he spoke against protectionism and said his government was committed to investing in new infrastructure
The United States have. Mposed extra sanctions we will be discussing the possibility of further sections on some of the Syrian Military figures and on some of the Russian Military figures who ine been involved coordinating the Syrian Military efforts. Johnson has canceled a planned trip to moscow over the conflict. It russians call the decision to cancel absurd. Egypt, the president is ramping up the fight against terrorism after deadly bombings at two christian churches. ,t least 43 people were killed the Islamic State claimed responsibility. A threemonth state of emergency in a new antiterror unit with sweeping powers. Global news 24 hours a day powered by 2600 journalists and analysts in over 120 countries. This is bloomberg. Live from bloomberg world headquarters, im vonnie quinn. Max im joe weisenthal. U. S. Stocks are trying to hang onto small gains. Joe the question is, whatd you miss . Vonnie investors looking for forward guidance. Livell take the remarks from the university of
Shares higher, as the ceo tells cnbc hes optimistic about the outcome of the French Election. The Worst Nightmare you can imagine is a second round where you have Marine Le Pen and jeanluc melenchon. Thats the worst case scenario. I still believe reason will prevail. Shares of man group moving higher after a 10 rise in funds under management in the First Quarter. Orders under pressure as large contracts remain elusive for abb, but the swiss industrial titan says it sees the first signals of stabilization in some markets. Good morning, everyone. Its thursday, youre watching street signs. We have another jampacked show for you. Lets look at the equity markets in europe. The stoxx 600 is close to the flat line, just inching higher to the tune of 0. 1 . Lets show you the markets one by one. A bit of underperformance in the german equity market, only off by six or seven points. The ftse 100 off fractionally. The cac 40 off by a half percent. Thats due to some of the earnings we got. Well ge