The biggest strike in years. Matt good morning from berlin. Oh isadh, saudi arabia out with the numbers behind its ipo. The price tag values the state owned oil giant as the Worlds Largest company by market cap. Here with the details is bloombergs dani burger. Than 25 billion, saudi aramco has closed its deal. It is the worlds biggest ipo. This is very different from the 100 billion deal the crown prince had first envisioned. , theyearly big promises listed only in saudi arabia. A price at the top end of its range. 8. 52. The equivalent of the Share Offering was more than 4. 6 times oversubscribed. Profits, oilig companies are out of favor with some investors worried about concerns about the world worries about Climate Change will curb demand. Some of that is behind why the listing didnt hit the desired 2 trillion valuation mark. This is a whopping number at 1. 7 trillion. Aramcos profitability overtakes microsoft and apple in terms of the biggest listed. Matt thanks very much. Joining
Surveillance. Yesterday, we saw a selloff on the back of the President Trump press conference here in nato. Lets get that board up for you to look at your markets. , they are treasuries extending gains. I am also looking at shares in asia. Stocks in europe edging higher. I am looking at that vote in the u. S. House. And what that means for sentiment on your markets. Coming up, a conversation with londons mayor sadiq khan. First, lets get straight to first word news in new york city. She simply did not have the resources to keep running. ,his, from Kamala Harris suspending her campaign for the democratic residential nomination. President ial nomination. She had a strong start but her campaign failed to catch on. Opec plus sending mixed signals about output. Iraqs oil minister reiterated his view cartels should deepen cuts. An earlier technical meeting ended without any discussion of steeper cutbacks. There are a number of key members, yes, they want to do that. Addition toels in the 1.
See whether tariffs will be impose or not, the focus is on jobs. At 63. 30. E well have a roundup of opec and saudi aramco and the pound. We are six days away, the u. K. Election is holding at the moment. Today, have an important Leaders Debate. Coming up a little later, dont miss our interview with the u. S. National economic director at 2 30 p. M. U. K. To. Time. First, look at straight to first word news. Lets get straight to first word news. President donald trump might be impeached before christmas, but theres no chance youll be convicted in the senate. Nancy pelosi says the house will draft articles of impeachment against the president for abusing his office High Pressure ukraine. Donald trump remains defiant. North korea may be preparing to conduct engine tests. Base kim jongun sexy dismantled as a concession to President Trump. Says he dismantled as a concession to President Trump. Political uncertainty is quote playing havoc with the uks labor market. This is according to a su
Come back after a mixed day in asia after the dow logs its largest losing streak since august fighting words. Xi jinping insists a phase one deal must be based on Mutual Respect. And Manufacturing Activity in france and germany expanding that beat expectations you mentioned some flash data we have some more here we have the november flash numbers for the november pmi coming in at 46. 6 and services coming in at 50. 3 against 50. 6 in october and coming in at 51. 5 for november against 52. 2 last month. We saw the german and the french data that was better than expected that led to the small rise in the euro i wouldnt say it was a huge rise we are seeing the euro changing at 1. 1056 given that the french number beat consensus. The german number well below that 50 boom bust level at 43. 8 versus 42. 1 for october. The services for both countries was below forecast but maybe this points to a little bit of a stablization even though we are still looking at pretty stag nant on this lets bri
Back on washington demands for enforcement. New details on the Alibaba Hong Kong ipo, offering shares at 188 hong kong apiece. In on lets check australian markets. We are seeing a slight gain for the asx 200, gaining 2 10 of 1 according to what i am seeing, pricing on the terminal right now, aussie shares set for second weekly advance, so a mixed picture. However, when the rest of asian central, stocks under pressure, kiwi stocks nudging higher, flipping up the board to check in on the kiwi dollar Holding Steady, not moving much as we hear from the rbnz governor this morning and he said despite a pickup in the economy, they are looking at pmi data hinting at that with growth returning in october, making for the highest reading this april. The kiwi dollar set for a weekly gain after the midweek surge and on a surprise hold right there. We have the yen Holding Steady after the biggest jump in a month right there. Lets get first word news with jessica summers. Jessica thanks, sophie. Fed