Will it make its way back to zero . Seems to be part of the conversation building in markets. Barrelumped above 65 a as supply disruptions in iraq brought concern to geoPolitical Risk. With more is Annmarie Hordern. Detention we are seeing in libya and iraq come very different in nature. What is the impact of these on oil supplies . Annmarie they are both geoPolitical Risks to the oil supply. In libya, the government says we could go to 72,000 barrels a day. This has to do with the eastern military commander. He has a blockade now on the port, so actual supply is not disrupted. The market may be shrugging off a little bit because in days or hours, that blockade could be lifted. Iraq, while it is a minor disruption, which is producing more than 4 Million Barrels a day, it opens up a window of worry. Just last thursday, the iea says iraq remains very vulnerable. It is more about could the supply threatened become much bigger. Anna they are overproducing their opec target. Annmarie this c
The u. S. May give approval next month, but either regulators are more cautious. Tencent music find the right beat with earnings topic the highest analyst estimates. Lets take a look at how asian markets are set to trade today after a pretty terrible session yesterday. We did not get a great lead from the u. S. Wall street seeing very thin volumes and expert tatian still high that we will see this trade deal but some uncertainty coming through in the mix as well as you look at yesterdays trading due to we are looking at trading starting in sydney, i staggered open pretty much flat at the open after a robust session on monday. New zealand trading at 1 10 of 1 ahead of the rbnz decision. Economists split about whether we will see another 25 basis points easing from the new releases new zealand central bank. We will get some hints to what direction they will go with the inflation exit tatians report later today as well as housing prices. To cargo nikkei futures flat at the moment. We are
Germany finance minister says his government is spending enough to condition tend with the economic down turn, reaboving the criticism. We are spending a lot of money for Public Investment. We have a fiscal policy in the last years the only thing different is that we are not willing to have extra can debt ericson shares are on hold. Raising the full years sales o outlook. Welcome to street signs. Lets get right to the top story of the day sterling has pairs some losses after Angela Merkel says there has been, quote, Significant Movement towards a brexit deal the eu will negotiate until the last minute. The party says it cant back the current proposal as things stand. Concerns around customs and consent issues and the lack of clarity around vat as weve been discussing, the market is clearly making a distinction between stocks that have domestic exposure versus those with International Exposure you can see today, banks with exposure to the domestic market are the ones underperforming llo
Sterling down 7 10 of 1 to. A breakthrough in brexit talks. , sterling down and the ftse is that what european markets are rising today with the u. K. 10 year yield up for basis points today and commodities. Economy andcovering profits helped 41 billion in stock rises into its stocks this year, compared to 591 million for u. S. Funds and returns have lagged the u. S. Markets once again. , the u. S. Rd pe basis is the most expensive versus europe in 10 years. Analysts say that it is not clear what europe is all that she earnings estimates need to rise for u. S. Companies because of tax cuts, the u. S. Looks better to ask. Better to us. This is the yield difference room between germany and italy yield differential between germany and italy. The dutchassing of and french elections, without political upsets, the risk is that investors wrote too complacent about the next political worried in the region, italy, they select before may and the antiestablishment fivestar movement currently lead
Explain who the winners and losers. And how sleep became big business. Well meet the man behind a new generation of mattresses giving traditional bed makers nightmares. And as barbies long time boyfriend, ken, gets a makeover hes got new hair styles, body types, new clothes and new skin colours so today we want to know, what childhood favourite of yours should get a revival and makeover . Let us know, just use the hashtag bbcbizlive. Do get in touch about ken, plastic fantastic or not . Also any thoughts you might have about the stories we have including this one about uber. Travis kalanick, the Chief Executive of the Ride Hailing Service uber has resigned following demands from five major investors. Last week he said he was taking indefinite leave of absence after a series of scandals hit the company. Its battling allegations of harassment, discrimination, and corporate misconduct. This is a story that has been getting more and more intense in recent weeks, recently published we re re