Up nearly 20 points. The nasdaq up by 66 points. Green, especially what happened on friday. We have basically erased our losses from friday. It is as if the past two days there really happened. About, itas talking is an energyled rally. Hownt to show you exactly green we are in terms of sectors. Energy is up by nearly 1. 6 . It has been the biggest leader by sector for the entire day. Information technology not far behind. Had been inerials the number two position, now in the number three position. Take a look at where oil has been going to run the day. Just at session highs by a little more than 3 . Highis still a sixmonth not seen since november 4. Goldman sachs increasing its fullyear price in cast to 44. 60 a barrel from 38 36 cents a barrel. Militant attacks in nigeria have been pushing down production, a cut of 30 or so. And there has been increasing demand. Of this, take a look at what is happening with oil majors. Williams company, the biggest riser by 5. 3 . The same for apach
Jonathan we are looking forward to that conversation. Futures are largely stable. They are down about three points. It looks like we are going to have a stable start to the day. Euro, 11322. You can see the story at the bottom of the screen. Wt is wti is up two percentage points. The yield on the 10 year is upon basis points. 2007. The narrowest since david lets go around the world for indepth coverage. Both kennedy will tell us whats going on behind the surge in oil prices. Were going to start with merger monday. Pfizer is back at it again. Julie hyman is here with the details. Julie this is a much smaller deals and allegan. This is a 5. 2 billion deal. They are the target. Whats attractive about anna core, it does have revenue to treat fungal infections in the toenails. It is developing a drug that looks like its expected to be a high sell it to treat eczema. It has had some positive steps in terms of approval and in terms of studies over the past year or so. 9925. Ice per share is t
Welcome to countdown. Lots of talk about this morning. Lots of centralbank activity, the bank of japan standing down, as the markets react, and the fed down guiding the pace at least of those. Lots of talk about those. Amongst all of that, we continue to focus on the brexit risk, the u. K. Referendum a week from now, a week in an hour until polls open. Let us try to contact relies the market activity we have seen in recent days, as many voices warning on the global stage about the risk of a brexit. President obama, angela merkel, mario draghi, and others. How tense a market as we run up to the vote. I have the stress index, which actually might be of some comfort, depending on how you are position for this. Talking about whether there is any kind of Systemic Risk. Pimco saying there is no Systemic Risk around the brexit question. You see the measure of Financial Stress in the market, at least on a level, as indicated by this web circle, the oval here. Saw atn as high as we the time of
Anna a very warm welcome to countdown. Manus where is the money flowing this morning . The pound has a bit of a reprieve. We will talk about that in the risk radar. I thought we would go for the shiny stuff, coming back from gold. And there is a real move here, of course in the headlines more funds shutter in the u. K. What you have is the assets, going into gold trading up one quarter of 1 . Etf Holdings Rise by 37 this year. The assets have jumped by 38 million tons, the most since the global crisis. We have entered a new bull run, according to ubs, we are with in a hair. Goldman is shifting the threemonth and sixmonth target. The risk momentum and the fed playing into the equation, all moving the dollar holding back. It is based on fact, not fiction. Anna very much about what the fed is going to say, manus, negative low rates good it seems. Punishing the risk radar, what else is on the move. We have a currency market dominating things this morning little bit. Quite a few in here, th
A very warm welcome to countdown. Manus you have mark carney in front of parliament and the ecb. Jobs report, markets in asia giving us a first chance to grasp what it means. If you look at the ni ch pacific, and the hunt saying the hang seng. The volatility in work is tremendous. We dropped to a low of 20 . Probability of a written of a rate hike coming from the fed. This is the relative strength index. Believe it is overbought. Oversold. Here we are on the hang seng. Property stocks at a oneyear high because they are pegged to the dollar. Anna lets bring up the risk radar and show you what the dollar has been doing. Just like the work function was volatile, so was the dollar. It jumped up again. 2 10 of 1 again, by on the dollar index. Estimates or probability of a rate hike didnt change all that much. We had a slightly reduced probability of a rate hike in september initially. The isam Manufacturing Index was in the same position in 2015, in contraction. The whole of the Fourth Quar