World champion tyson fury is free to resume his career after accepting a doping violation. Good evening and welcome to the bbc news at six. Rising food costs, bigger electricity bills and higher air fares have all helped push inflation to its highest level for almost six years. The Consumer Prices index the measure the government uses hit 3. 1 last month. With the latest data showing that wages are growing at a slower pace, it means a squeeze on household budgets, just when those Christmas Shopping bills are coming in. Heres our economics correspondent, andy verity. At this baker on the outskirts of barnsley, its not just at this baker on the outskirts of barnsley, its notjust the bread rolls on the rise. Ingredients like butter and flour have shot up in the last year and a half so its hard to do everything it can to make sure its costs are covered. One of the things we have done with our suppliers, we have decided to take a radical approach which is pay all of oui radical approach whi
Tesla breaks another production promise. Will elon musk be back for more investor cash . Less than half an hour to the start of european trading. What are the indications of how trading will deliver . Positive story at the moment. Asia has come out of the gate incredibly strongly. It looks like we will be called up three or 4. 3 or four point. 4 of a percent. Yesterday was a decent day for european equities albeit with low volumes relative to where we would expect to be. The u. S. Markets are powering higher. Above 2700 on the s p. Lets show you the gmm. Lets give you an idea of what is going on in front of the other asset classes. Ae nikkei as is up playing little bit of catchup. This is a very strong start for the year. What isn equities and happening in tokyo. Yesterday the and swiss market essa might up and the s p clearing that 2700 level. Germany up by. 8 of 1 . The euro is trading higher. Be dollar move seems to abating. Lets show you what is happening in the commodities space.
Surveillence. Is a look at european stocks. Theyre getting the most in two weeks. Its a little bit better than our preliminary estimate. We see the German Economy powering through overall. We also saw some unemployment figures that beat estimates. Commodities extending a little bit of a record run. Eurodollar, a lot of focus on the currency today. Yield is atyear 1. 95. This is a we have coming up on surveillance. We will hearing from john chen. 10 00, we will be joined by Stephen Michael smith. Cklowsmith. A they will be seeking to joshua green. Will be speaking to joshua green. Onto nejra cehic. Officials debated the risk to american outlook last month with some concerns about inflation and robust growth. The minutes of the meeting show most participants reiterated support for, quote, continuing a gradual approach for raising the target rate. In three moreiled hikes for 2018. In the United States, the worst storm of the winter season has knocked out power to thousands of homes and bu
Course, after a nice move yesterday, up moving along this market if you are happy about it european market, you asked and we answered. Spain and italy which we like to look at it as well one of the foreign markets the only good over night was the opening. I am not kidding. The olympics were good. 10yr note yield is the focus, 2. 84. More than we were yesterday. Tomorrow is the key question. Look at oil though you know stories today, well be the largest producer, bigger than saudi and russia. It is true. 10 Million Barrels a day and there is no place to put the stuff. There is not i know. The government relyinquishreg it is hard to have a lot of inflation and oil is considered one off. Thats ridiculous. It is important of the whole foods chain of every aspect. What people have been saying is expensive. I appreciate that now, i need to get to our road map. Wild ride market if you take what the futures are telling us in the early going here under armour sales the shares are doing somethin
Made the and offload of assets in the united states. We are 30 minutes away from the open in china and hong kong and we are seeing this rally with stocks after the Foundation Day and trade comes back with more optimism overnight and you see the major u. S. Markets back into the positive territory after the selloff we had and we talk about , buturn to volatility there is still a worry about a true recovery. This could just be a shortterm bounce before another low. You have to imagine, based off of that magnitude in the move. You were talking about that and what came to mind is al sunday, they given six inches in front of your face and the numbers will shift to markets, depending on what it is and we saw this and we are coming off of highs with 3 10 of 1 and nobody has really jump and we have the asian we are seeing but it is not gangbusters. Chilled has given a with the extremity of the selloff. Doesnt it always . China. Why it is you can see this running right hong kong time and with t