Surveillance. Thee a lot going on in markets. After this attack on an iranian tanker, you can see crude oil gaining 2 . Is at 64. 53. Gaining andrently the pound is at 1. 2 460. We are also getting headlines outlook iea cutting its as the economy eclipses the saudi attack. They are pointing to a little bit of Downside Risk in the worldwide economy, saying that will impact demand. Lets get straight to the bloomberg first word news in new york city. Quote very well. Thats how the first day of trade talks went according to donald trump. Today, he plans to meet beijings top negotiator. These are the first highlevel talks since july. But sides are working to end the 18 month long trade war. Besides appear willing to agree to a partial deal and would leave controversial issues for the future. And two associates of the president s personal lawyer are accused of violating Campaign Finance laws as part of a plan to oust the u. S. Ambassador. This scheme is part of the u. S. House impeachment in
Overnight in asia. The nikkei higher by 1. 1 . Hang seasoning up 2. 3 and shanghai up. 8 . Youll also see green arrows in europe the dax up 1. 9 . Cac is up. Gains for italian stocks too in the treasury market, at this point, 10year yielding 1. 67 . Twoyear at 1. 551 30year up at 1. 61 . Iranian Officials Say two missiles trunk an iranian tanker in the red sea crude prices, as a result of this, they are jumping up close to 2 wti crude now 54. 47. They are saying that damaged two store rooms aboard the tanker and caused an oil leak that attack happened about 60 miles north of the city jeda six months after the attack of the oil tanker in hermuz and the saudi attack never good to conjecture anything they have been the attacker and you wonder was there Something Else going on because they didnt point fingers, you wonder. Was it a screw up but we have no idea. No idea they were attacked by someone. Who knows. Two missiles hit a tanker that much we know. Lets talk about the trade headlines.
For the oil market. Thank you monica the latest incident is relatively minor in comparison to last months attack on iran cos facilities there was no impact on Oil Facilities here and we dont expect any disruption to markets you know with the trade of crude going for as you mentioned earlier in the segment prices did rise above 2 percent however they have since moderated about one percent gains off in years so this point it seems to be a relatively minor impact to oil markets but the International Energy agency certainly warns that there is some volatility that is having an effect on Energy Prices but there are all the also all the factors weighing on the Energy Market could you elaborate on that. Thats correct so from our view here for chileans what we see is some definitely bearish sentiment in the market place this person meant is really predicated off the view that the Global Economy is slowing were seeing weakness in a lot of key markets fuel demand is down in both the emerging and
2 on the s p 500. Wednesday,1. 5 on thursday up 1. 4 . Today, finishing the week on a hideout barring some major breakdown and expectations for these trade talks. 2 week highs fastenal, apple hitting intraday highs today. Take a look at the bond market. If we can flip back to that, this is where it really becomes a story here. Were seeing the bulls get squeezed, basically coming to a halt. We are up about 20 basis points this week alone on the 10 year. That threemonth10 year yield curve we saw, that inversion ,hat we got earlier this year we are now on inverted. The dollar week another day, three Straight Days in a row, and nymex crude, the bti up about 0. 8 . Hitting record highs. Absolutely sensational. Two things happening around the world. One is trade. The other is brexit. This is the british pound over the last five days. You can see it happening yesterday, and another big rally today for the pound. It is a huge move. People are getting squeezed really aggressively here. You can
He hit everything and anybody, go ahead. Maria quite the scene inside and outside the rally, of course, breaking news this morning, oil prices, markets are moving this morning after missiles hit and Iranian Oil Tanker, saudi port city of jetta overnight, iran state media, leaking crude into red sea, iran says the situation is under control now, the ship crew is safe, key shipping route for global oil industry, lets talk about that, here oil prices up and 3 quarters percent, reaction here. Look, this is just an isolation of tensions, we dont neglect that, its unconfirmed. Theyll be a marginal strike in prices. Thats right, we saw that attack on saudi oil field, we got spike up in prices but it didnt sustain, so i dont see this being i think this continues, but i dont see it as being sustainable higher earning. Maria in terms of resilience of the u. S. Given the supply thats coming out of america right now. Dagen as long as ive been wearing a microphone and makeup sitting in front of a c