From the close of equity trading here in europe, but the focus is still very much on the Oil Prices Brent going above 50 a barrel for the First Time Since october. Of course rallying as opec is said to have reached an agreement on an output cut. Crude oil dominating the market for the moment, up 7. 7 on brent crude. Picture,k at the dig russias indexes up and canada is up. 7 . If we look at the ftse 100, we are up point 5 . Space, thethe fx dollar is strong, up. 4 . We are seeing the. 8 percent. Up note the high correlation between the ruble and wti crude at the moment. Looking at what is happening in the bond market space, we see treasury yields move higher on the 10 year. Let me show you what is happening on the sector breakdown on european stocks. Up for a second day, on track for the first monthly gain in three and Energy Stocks are leading the gains. No surprise with the rally we see in oil. Materials closely following largely on Chemical Companies gaining with linda rallying toda
Report by the Transportation Department Inspector General says the faa over a twoyear span more than 5500 exemptions, unmanned flight by businesses but it reportedly offered only limited training. An anglo merkel is making a liberal critics of her immigration policy. She says she will protect the country against future refugees and called for a ban on face fails one by muslim women. Spoke at a convention global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Scarlet live from bloomberg World Headquarters in new york, i am scarlet fu joe i am joe weisenthal. 30 minutes from trading in the u. S. Oil scarlet scarlet slipping from a 16 month high. Joe the question is what did you miss . Scarlet the trump rally might be good in the short term but in the long run, it could hurt profits. According to bill gross. More highlights from my conversation with him. We will look at the cash chaos in india and one of the prime minis
Meeting. We speak exclusively with the Energy Minister from abu dhabi, just days ahead of another pivotal opec summit. A very warm welcome to bloomberg daybreak europe, right here in london. Manus. We are back together again. Im back from the desert. Lets talk about the aussie dollar. You mentioned it in the headlines, this is the second worst since 1991. The question for the markets is this, is this a flip or a trend . We had the election, brexit, a number of different factors going on. And down the aussie dollar went. Question for the markets is this, will the rva look through its week data and hold back, or will they cut rates . Theres a 75 probability they will look to the data and weight. Anna interesting how the conversation in data is turning should bel asset fiscal. That the conversation weve had in europe a lot. This is one of only four contractions the australians have witnessed in 25 years, just show how rare it is. Variousen overnight on asset classes, the msci asiapacific,
After the biggest twoday rally in three months. You can see the dow and the s p are lower but not by very much. Take a look at the volume here. This is the volume by sector. In particular, we see a volume drop in health care of more than 30 . The Trading Volume is lower as we get closer to the Holiday Weekend. That is the caveat. That said, when you look at the stocks, they had a big couple of updates with a financial gain, today we are seeing that melt away. We are seeing bond yields come down. They had been moving in tandem. Berkshire hathaway are some of the big declines we are seeing and we have more declines trickling in with the jewelry retailer, sickness coming out with firstquarter sales that missed estimates and they cut their first year forecast. Some people are saying they are a buy at this point. Below is coming in forecast and Abercrombie Fitch is tumbling. There is dwindling traffic abroad. Interesting here that something that is affecting tiffanys is also affecting aberc
Referendum rapidly approaching. Lets get to the stories you need to know about. In london where oil tops 50 a barrel. Jodi schneider in japan. And mike mckee right here in new york with the latest fed talks. The rally continues in crude. Brent toppinggh, 50 a barrel for the first time this year. Javier blas, talk to me about driving things toward and barrel. Alter javier we are losing some had thousand barrels a day in nigeria. 700,000 barrels a day in nigeria. In the background is the demand that a strong. Everyone is driving a lot in the u. S. That combined with supply outages is bringing us to 50 a barrel. Jon i want to talk about debt supply. A 9 billion auction what does that tell you about Market Conditions . Javier the pain for the producers has been really acute. You see qatar borrowing 9 billion. They have a big production, relatively reduced population. It is not a country you would expect to be in trouble. That at 50,ing us the problem is not over. Although the markets have