Filipinos go to the polls today. For continuity or change from manila . Gie welcome to first up i am angie lau. Lets check in on the markets in the asiapacific. New zealand, we are seeing losses of one third of 1 , but its a stronger new Zealand Dollar at . 68 after chinas exports show signs of stability. Were counting down to the open in australia and japan. Futures in australia, pointing slower open. Ally lets get over to japan, checking futures trading in chicago, pointing to a higher open, this after the nikkei 225 came back in the red after a threeday holiday. It was a it was one quarter of 1 down. Weve got the japanese yen weakening. Of course, no trading in the philippines because it is election day. The latest trade and Foreign Exchange data from china point to more stabilization, but signs are modest. Weve got Stephen Engle going through the numbers. Stephen its modest at best definitely. Its not a huge recovery. The numbers are not falling off the cliff like they used to be.
Emergency meeting today in brussels. Minister,s new oil pumps alfalih, keeps the under pressure. It looks like we will be a positive performance with equities on the front foot. Let me take you to the bloomberg to show you what is going on. Their value is pointing to a dax that will open up. The cac is up, half of 1 . The ftse 100 is up. 6 . Overall, it will open up. 8 . A different story in asia, wasnt it, caroline . Caroline the shanghai composite went down 2. 3 . We are on our worst two day streak since february. Of course, much talk over the weekend that we are still on track for two rate hikes tihs year. Bill gross has said, look, believe the fed. The pound is flat ahead of camerons speech. Oil is at 45. 93. We are focusing in on what is happening with the oil prices, but we have to factor in that news out of saudi arabia. Should we see more voicing that we should not the production cuts . Guy we will find out. Caroline lets get out to david inglis, live for bloomberg first world
A warm welcome to countdown. Im anna edwards in london. Anus im manus cranny and by i suppose there is only one thing from rock my region to your chart. Anna lets talk about whats happening with the oil price. How this has rallied since february, wti oil rallying more than 70 from the almost 13year low reached in february, rallying now, really based around the canadian fires, the fires raging and although to alberta. There are other factors at play. We have seen a big shakeup at the top of the saudi Oil Administration. Is something that anyone involved in the Oil Industry Needs to be aware of as well. Manus it does indeed. That whole conviction trade about what happens with ali willimi, how much hardball they actually play at the next opec meeting . This is what we will touch on throughout the show, which is that change in power, that change in tone. Will there be a change in tone . Will they push you ran ira to get on boardn . Board . To get on anna you can see the couple of stories w
Welcome to the pulse. I am mark barton. Francine is at covering london city week. She will be hosting a panel on the economy with vito constantia. And Charles Evans. You can see that here live on bloomberg just after 10 00 a. M. Lets check in on the markets after two weeks of decline, stocks of open higher helped in part by the stronger oil price. Up by onelondon are third of 1 . The pound is lower against the dollar. Growth forecast will be published on thursday as with the latest u. K. InterestRate Decision. Is up by 0. 9 at 45. 78. Lets hit the latest bloomberg first word news. Is here. Ic crude prices are on the rise after wildfires in canada knocked out more than 1 million a day of production. The company iss Biggest Energy and have declared force majeure on supplies from the region. Thats a provision protecting companies from contracts a go unfulfilled for reasons beyond their control. German factory orders picked up in march a strong local trade helped upset a low end domestic d
Saudi Minister of Finance and Chairman of the Financial Sector Development Program Committee, Mohammed Al-Jadaan, said that Saudi Arabia continues, under Vision 2030, “the ongoing process of economic development thanks to the financial and economic reforms that lead us towards a bright and developed future in the financial sector.”