Make their singhas biggest theye day moves as move toward a brexit deal. President trump says u. S. China trade talks are going very well. They continue in washington today. Plus, reports of an explosion on jeddahian tanker near send oil prices spiking. Matt we are 30 minutes away from the european open. I have got those oil prices on my screen. This is a threeday chart of brent crude. It has been climbing anyway on optimism for a u. S. China trade deal, so it was already up to almost 60 a barrel. Now it has jumped over that at 60. 40 on these reports, first from reuters, then from the oil news agency that i missile has struck an oil tanker and it is leaking oil into the red sea. Lets take a look at futures here. Weer we saw stackocks rally, are seeing futures rise on european indexes as well. On thet on the dax, and continental indexes, gaining when you have a big rally in the pound, then you expect to see a loss in equities, that negative correlation. Is it breaking down . I know you
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
Amazon, disney and the bbc. More choice, but at what cost . Good morning from Swindon Village near aaron dole. We are getting into the holiday mood. The weather, cloudy with rain at times but for the rest of us, dry with a cold start and some sunny spells. Arundel. More in 15 minutes. Its thursday 31st october. Our top story. Campaigning has begun for the next general election which will be held in six weeks on december 12. The labour leader, Jeremy Corbyn, will launch his partys Election Campaign this morning, promising a transformation of britain. The conservatives will blame labour for the failure to leave the eu today as planned. But some mps who are standing down have warned about a growing bitterness in politics. Nick eardley has more. They are used to scenes like this. Jeremy corbyn at a Campaign Rally last night. The first day of six weeks of campaigning to try and persuade you he is ready for power. Today, he will promise to tackle what he calls a corrupt system, pledging to g
Crude turning positive in the last few minutes at 58. 18. I wanted to point out one of the conundrums in the stock market today, the steel sector was downgraded at j. P. Morgan in the premarket. All of the Steel Companies were lower. This follows still companies in europe as well still companies in europe as well down lower. Right now u. S. Steel is back up about half a percent. Lots of optimism in this u. S. Market. Not so much over here. Not when it comes to the manufacturing sector. The economy grinding to a halt in the third quarter. Factories slump and it started to bleed through into the Services Sector as well. Specifically, germany is ignores downturn and most seven years. We are joined now by stephen macklowsmith, Market Strategist for the International Equity group. Good afternoon. The data are bad, stephen. Is that reflected fully and European Equity markets . At the moment, yes. You think about where the markets are, basically unchanged in 12 months. Theres been a substanti
When. The saudi arms. Deal we really started to stumble on a central feature of british politics over the last 30 years. Has been many of the great events of the time. I was always pleased to see him when i was Prime Minister because he sure. As you can see. And would be willing to support taking them with whatever they came to me and the discussion from there on Everything Else was. He explained to mrs thatcher this was a deal with saudi arabia and the things were different. They wanted 3. 1000000000. 00 worth of weapons that was 6000000000. 00 pounds in commission. Of course majority of most people understand this broad. Well train you to Work Together against the terrorists who threaten the way of life a pacifist. One day i started crying and it was a mob to look at it coming it might actually he said ive been working for a travel company and we had a kind of slush fund we used to distribute to saudis and other arabs when they came to britain for be all to help the path of alms deal