Sue the dutch paintmaker as it seeks to oust the companys chairman who opposes the takeover by ppg. Russia uses its veto power to prevent the u. N. Security council from condemning the chemical attack in syria, as donald trump says relations with moscow may have hit an alltime low. Good morning, everybody. Welcome to street signs. The International Energy agency says that it is confidently believing the oil market is close to balance. In the latest report, the ia said production cuts had been impressive so far. It did warn though markets will tighten this year, nonopec production will be on the rise again. We are pleased to welcome back neil atkinson, head of the oil and markets division of the ia. Tell us why youre so confident that were seeing more balance in the oil markets. Were seeing the success of the opec output cut backs. Were seeing demand slowly growing, or growing fairly steadily in the oil market. We think the balance is coming together slowly but surely. The numbers are t
Donald trumps republican nomination is all but certain after his republican competitor exits the race. Has the market priced in the chances of a Trump Presidency . Lets talk about the markets. 29 minutes away from the start of trading in europe on the cash markets. Lets show you where we are going to go this wednesday morning. Looks like a fairly flat story. Yesterday, we were drowned we were down pretty hard. Ftse up by. 1 . Looks like the dax is going to outperform. It will be interesting to see how adidas performs today. Other assets around the world, risk off trade. Let me show you some of the numbers we need to watch out for. Dollaryen is trading up a touch. This williams story that we have got for you, we will talk about this later in the program. Yellen andco joins williams. You need to listen to williams. Nymex crude trading higher. Keep an eye on that crude story as well. We will talk about shell a little bit later on. Lets get the first word with juliette saly. Juliette good
Temporary bill but the stage is set for another budge battle in early december. Washington disputes moscows claims that its war planes are only targeting iz lslamic state forces in syria. The pentagon warning russias involvement will inflame the civil war. Good morning, everyone. Lets get you kicked off with some Economic Data in the form of euro zone september manufacturing pmi that came in in line with expectations. 52. Lets have a look at the entire picture. Years on manufacturing growth dipping in the month of september. Factories are beginning to cut prices again and we did see the regional break down, the september german manufacturing pmi. That was a touch below expectations. France, though, the manufacturing picture looking better. Back above the boombust line of 56 but spanish manufacturing pointing to a weaker picture in the Third Quarter when it comes to growth and the italian september manufacturing pmi falling to 52. 7. The lowest since february. Yeah, lets have a look at
That is how the stock market is shaping up. Lets take a look at the u. S. Dollar. It is headed for its worst weekly locked in a month. Yesterday, that officials reiterated a preference for a rate rise this year. Policies should only rise gradually when they start to raise interest rates. The dollar is trading pretty flat around now. If we move to commodities as well, it has been a bad week. We have seen them drop to their lowest levels since 1999. The concerns over china are driving that. The crude is flat now. It was moving down earlier. Brent crude is actually rebounding. It is still below 45 a barrel. Copper is continuing its losses. Industrial metals have had a hard weekend some have fallen to their lowest levels since 2009. Copper has another set of weekly losses. Manus that copper is something to watch. Here is what is happening in on the move this friday. Draghi foreshadows the gdp relasease. Crisis. We break it all down. Is in. Neil atkinson donald tusk calls david demand a tou
They were rescued. And no slow down opec to continue pumping huge amounts of oil into an already over supply in the world market. Im with the sport and one of the fifa president ial candidates dispense the world governing body over the latest rounds of arrest and rual madrid kicked off after fielding an ineligible player. Germany is the latest country to take on a direct role in the battle against Islamic State of iraq and the levante in syria. Crucially though it will be a noncombat mission. Politicians in germany voted to send the maximum of 1200 soldiers and serve in support roles in turkey, kuwait and qatar and will deploy jets and its a mission that will initially last a year and cost it is estimated 146 million. It is the German Response to a french request for help after last months paris attacks and they believe germany is now a target as well. Paul brennan reports. Reporter the vote in germanys lower house was overwhelming. A margin of 445 in favor to 146 against and it reflec