Also for the white house who did issue a very good session into the u. S. And asia. A similar theme in europe, strong open for stoxx 600, opening up 0. 4 stronger lets take a look at individual bourses. The picture is very positive this morning ftse 100 up almost 0. 2 . Xetra dax, cac starting the day off on strong footing. In europe we get the flash cpi at 10 00 in the morning. Thats expected to dip from1. 5 to 1. 4 . The picture is positive. You can see every single sector is in the green. Its a tremendous start to the day. Autos leading the charge thats surprising given the auto numbers in the uk were quite weak overall that sector has been in the news the past couple of days a lot of an cysts are rerating some of the key chips in that sector to buy. It looks like the outlook for autos is positive. Healthcare is also up 0. 7 the laggard this morning i telecoms, struggling to keep pace with the other sectors. And retail continues to lag a bit. Of course we did have those super weak e
No trading in the u. S. Because of the Martin Luther king holiday. Global stocks, another record today, up by 24 . Multiyearcy market, highs for the euro, the pound, highest level since june 23, 2016. It has risen for four straight weeks. Cpi data, big brexit events. The eu withdrawal bill returns for debate in the Lower Chamber of the house of commons tuesday, wednesday, the europound, little changed. It has been stuck in a range of 87 to 90 since september. Check out the bond market. Yields tipping for the u. K. 10year, down by a couple basis points. A two month high on friday. 40 basis points since falling to an eightmonth low since june, 2017. Yields in germany rising up 59 basis points. From 29 basis points in the last month, Economic Data to watch out for this week, cgi data. On wednesday, expected to confirm inflation is remaining below the ecbs goal. Lets get to oil, remaining at the highest level in three years. Iraq echoing the call by the uae and other producers or opec, let
Amongst the dollar weakness euro strength and that means european stocks are finding it hard to make any headway. 6418 right now. We are at a more than twoyear high. How will opec and friends respond . Heres emma chandra. Stocks fell more than 2 after a report that qatari fighter jacks jets intercepted an airline from uae. Its the latest escalation in the dispute between persian gulf monarchies. Saudi arabia, the uae and egypt all accused of destabilizing the region. Carillion has fired for liquidation filed for liquidation. The shares have fallen more than 90 since july. It employs 43,000 people worldwide. Its a further boost to the International Status of the chinese yuan. Liquidation filed for liquidation. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im emma chandra. This is bloomberg. We will get a perspective on whats going on in the markets today despite the holiday in the United States. The dollar is really dominating the t
First, iraq has joined the united arab emirates, qatar, and oman and calling for opaque and allies to stick with their agreement. That is despite recent price gains. The deal helped lift brent above 70 a barrel this week. Concern. Expressed bloomberg spoke to the head of the International Energy agency and the omani Energy Minister and got more reaction. Today, oil price is about 70. The Global Oil Demand will billion out 1. 4 1. 4 Million Barrels a day. A lot of new Oil Production is coming from the united states, from brazil, from africa, from canada. A lot of oil in the market. I think thats the point of socussion, because the focus far has been in the supply side. We often dont discuss the demand side of the equation, and maybe we need to do some more work them up because all reports suggest that 2018 there will be growth on the gdp worldwide. Demand,l trigger better and i think we have a responsibility to meet that demand. Think this discussion needs to look at both sides. Sideten
Us why he is eyeing london and. Istanbul for market expansion. First, iraq has joined the united arab emirates, qatar, and oman and calling for opaque and allies to stick with their agreement until the end of the year. That is despite recent price gains. The deal helped lift brent above 70 a barrel this week. Iran has expressed concern. , spurring a renewed push from u. S. Shale producers. Bloomberg spoke to the head of the International Energy agency and the omani Energy Minister and then got more reaction from citi. Today, oil price is about 70. The Global Oil Demand will increase about 1. 4 Million Barrels a day. A lot of new Oil Production is coming from the United States, from brazil, from west of africa, from canada. A lot of oil in the market. We expect is lunch market in the next 12 months to come unless we hit prices. I think thats the point of discussion, because the focus so far has been in the supply side. We often dont discuss the demand side of the equation, and maybe we