Close to current levels. Joining us now from our amsterdam euro is the Senior Energy economist at abm amro. Unchanged does not sound so that in a world where everybody is concerned that the economy is teetering on a recession. Do you share that view . Say i dont fully agree. We are a little bit more bearish to be quite honest. Especially after last weeks opec meeting, i think that agnal was rather mixed and little bit disappointing, actually. Saudisderstand why the think it should be 50 it should be 65, but i have my doubts whether we see that. Anna good morning to you. Let me ask you about the impact of the price we have at the moment on the ipo taking place tomorrow of saudi aramco. What are your expectations . We have seen expectations paired back. Creation of the worlds most valuable company. Yes indeed. It was a positive. In that respect. It was well oversubscribed. The price at the top of the range. Indeed, on the other end, it was disappointing because saudi arabia expected more
I would look for italian bond yields and treasuries. We are also getting breaking news out of iea. It says the oil outlook is fragile. We had a great story saying saudi arabia is speaking to producers to make sure there is not too much volatility. 57. 42. Rude at and the one weve had a lot of news, we could talk about u. S. Intervention on the dollar. The yield at 1. 7. R shares are rising after the Company Proposed and 8 billion settlement. This is the picture, 7. 5 higher. Coming up, we speak to the chief executive of novo nordisk in 30 minutes. First, lets get straight to bloomberg first word news. We stay with that breaking, also a bloomberg scoop. Bayer proposing to pay 8 billion to settle claims round of causes cancer. This would settle more than 18,000 lawsuits. It may be months away, but it would ease investor concern over the litigation exposure. Fight, thatthout a is the italian Prime Ministers message to his deputy. Leaderiimmigrant league is pulling support for the administ
Rand is lower. By all be joined representative of Goldman Sachs. Matt very interesting effect on the currency. Lets take a look at the effect on futures. Donald trumps warning for north korea had down across the board and these are more substantial moves in futures and we have an seeing of late. Cech futures down. 8 of 1 , euro 1 . Ks teachers down. 6 of we have not seen moves this big in a while. Nd yieldso see bu coming down. Investors are looking for the safety of government dead across the globe. You see that playing out in germany as well, bund yields. 46 . O we have been stuck in a tight range in the last month and a half, just a half of a percent of the yield. We were looking at yields of the court percent. That is the range that bunds have been stuck in, difficult to get out. Guy it will be interesting to see if the low volatility environment starts to crack and the vix is showing record short when it comes to that contract. We are seeing markets breaking lower in equities. Jap
Trading day. Julie hyman has the latest from the states. Julie there is the latest. We are looking at the stocks fall again in the u. S. , not by much. We have a drift, what one trader described as listless movement in the market right now. We have push and pull from the earnings as well as anticipation for the job report tomorrow. Onyou look at the s p 500 the bloomberg, looking at the intraday charts going back for six sessions. We are down for five of the past six days, but because the movements have not been large on a daily basis over the six days, even though we are down five of six, only a decline of 9 10 of 1 . We are sideways, slightly down. And take a look at what is going on with the yields this morning, this has something to do with what is going on in the u. K. Integrate expectations being brought down, we have buying going down in the bond market. That is pushing this down by three basis point in putting pressure on financial state of the things are not down individually
The Senate Committee on Health, Education, Labor, and Pensions has announced that Novo Nordisk CEO Lars Jorgensen will voluntarily testify about the high U.S. prices for weight loss drugs Ozempic and Wegovy. This decision cancels a scheduled vote to subpoena Novo's president Doug Langa. The hearing will discuss why these drugs are significantly more expensive in the U.S. compared to other countries.