Today. We are seeing crude fall 13 when it comes to w. T. E and the phillipines, that is one of the weaker side. But when it comes to the june ontracts, down 4 to 19 bucks. Look at what it comes to w. G. E . We are hovering around the 11 mark when it comes to new york crude, down 13. 6 . We mentioned about the United States oil fund, the largest oil fund in the world selling off e and ingsings in w. G. Unexpected move. Lets get more analysis with jp morgan asia yeah strategist. Is this starting to hurt the equity market . I think the moves that we are seeing in the oil complex is very, very specific. And looking across massive impacts doesnt i think the easiest thing to see the forward looking long data futures on Oil Prices Remains rather stable and it is not assuring. And the weakness we are seeing the new york futures is specific to the supply and storage they are seeing. I wouldnt put too much into that will market at this point. Interesting you say that, there is a divergence and
Lets take a look at what is been helping foment further gains across the asiapacific. That is the futures contract for the s p up to tens, hang seng three tens of 1 . And the nikkei has buoyed a bit. Also the topix doing rather well. We have a cna a tad week. Looking at that as we do. Also the yen, and the boj. 41 day since the boj came in and bought a sizable chunk of stocks in the japanese market. Someat stealth tapering, people are arguing because the yield on the 10 years unchanged. The yield has been lurching lower eight basis points. Weekhas been put less a and see what is going on in regard to the haven stages. The learn not willing to look at and take on risk right now. This is of course after the Election Results or we saw the landslide victory when it comes to democratic camp. She was talking about how she is ready to listen and stands by previous stances on protest demands. People who felt that our government has not handled, deadly the legislative exercise and its aftermath
Francine welcome to the pulse , l ive in london. Im francine lacqua. Coming up later in the program we speak exclusively to the zalando managing director rubin ritter as his company beat secondquarter sales estimates. Francine after that, we will speak to the rwe chief finance officer. Make sure you stay tuned for both these interviews. Manus a rare briefing has been held in china. As the central bank worst to restore calm following the devaluation of the yuan. Francine the currency experience its worst loss in two decades as the peoples bank of china says it would intervene. The Deputy Governor also in charge of the foreignexchange told the media respects the market, fear the market. He did not mention intervene the market. That is probably what he was thinking in the back of his mind. Manus indeed. And try to get some sort of market context. Class test. Lets talk to mark. Weve seen a little bit of a bounceback. Mark lets start with the dollaryuan. This is whatever one has been focuse
No trading in the u. S. Because of the thanksgiving day holiday. Most european Equities Trading higher today. These are the currencies writing against the dollar index. You have yields declining in europe. Ime really interesting charts want to bring in today. The gains sending the dax to a second quarterly advance our failing to spread to midsize companies. Its againstck for underperformance relative to the large cap dax since 2012, sending its valuation to a half year low relative to the bond proxies. They have lost ground as tenured rising,unk, yields are a wonderful divergence between the dax and am dax. Ets stay with germany german Business Confidence holding at its highest level in more than two years in november, signaling the recovery in europes biggest economy does remain on track. The Business Climate index staying at 110. 4, the strongest since april 2014. Adding to signs that europes biggest economy pays after the slowdown. Supported by domestic demand, we had a slump in exp
9 00 in london. Where live. Guy johnson. Lets look at the markets. Oil front and center. Unsurprising given the story that bloomberg has received. Oil moving lower. The saudi is only interested in physics apply if the iranians are on board. Moving back below that 114 level. The telco sector being battered. That doesnt do it justice. I will say the french stocks in a few minutes here and the stoxx 600 flat this morning. Stocks are going to be focused later on this week. The markets are just kind of waking up and taking action. Heres the bloomberg first word news with near chance. Nejra saudi arabia is is having its biggest shakeup since the founding of the kingdom. Deputy crown went crown prince said the measures include more taxes and accelerated subsidy cuts would raise an extra 100 billion a year by 2020. That as the country and to spread the burden of Lower Crude Oil prices among its population. A late linked files from a panama shall firm shows criminals and celebrities have used b