So, we are now just less than 30 minutes ahead of the European Equity market open. Matt, it looks like after this rally that we have seen with 50 a barrel achieved on brent. We are headed for a fairly flat story. I am looking at the ftse futures and they are beginning to firm the calculations around. 1 . Other markets a little softer but nevertheless after such a decent rally, you would expect maybe a little bit of a pauls for breath. A little bit of a pause for breath. Matt the nikkei was up yesterday. Were looking at a change in asian markets. To again,csi turning it had been down. 5 . Rally not unusual in china. Brent crude is not what is what you want to be looking at today. You have wti up as well. Really crossing through that threshold, that big round number is a big deal for oil. The yen, there was a huge spike overnight. It has come back a little bit. One of 9. 76. The yen stronger 109. 76. The yen stronger. Billion matt, the 2. 9 just 2. 9 billion hedge fund that is according
Put another good morning. Its Worldwide Exchange on cnbc im sara eisen. And im wilfred frost. Its Throwback Thursday and its go to karaoke songs. And were holding some gains with a mixed picture. Dow futures down 6. 5. S p down 1. Nasdaq positive. Its been the outperformer its up 2. 5 for may. The chart to watch . Brent crude oil. Pushing above the psychologically important 50 a barrel mark for the first time. Were sitting just above there. Just holding on. Besee a half percent above wti. And brent. Wti 49. 84. And later in the show the fact that brent is above wti. Well get his perspective on how long it might hold this time. Lets check knob Global Market this is morning. Europe mixed. Just lost a little steam in the last half hour or so. Most of the markets are negative. Not too pronounced. Germany is positive. And spain is down because the banks are down significantly. Banco popular had a rights issue and down about 20 weighing on the sector more generally. Europe over the course of
You look at yen and you realize this is a haven. Do you think of government it is theuroda . Tom litmus paper of the morning. Later on surveillance, maybe that is the entity of the day. It is a Central Bank War between the sweden and mario draghi as we begin a mulch was thursday. Francine there are very different assets to that. What do we know about negative rates in the impact . Tom exactly. Francine s get lets get to bloomberg first word news with sunny. Russia rejects the argument consensus s are are insensitive. John kerry is starting to get trying to get the stalled meets with other foreign u. S. Leavesd moscow once enough time for forces to crush monarch groups. The biggest u. K. Lobby in the u. K. , the uks economy could be thrown off track a referendum on whether to stay in the european union. The cbi cut its forecast by 20 . By. 3 . The last four armed occupy us say they will turn themselves in today. The fbi seems to be closing in last night. That led to a panicked phone con
Brothers. Sinking on weak pc sales while they jump on the profit forecast. Ubers global head talks about how the ride sharing firm could be carrying more than passengers in the future. Well always be growing were capable of doing a lot more. Were making investments all around the world and in business opportunities. Hi, everybody. Welcome back. Were glad to have you with us. Theyre talking about how they see the rising of a market sell off. She says that its a low level of financial Systemic Risk in the euro area and an increased risk of abrupt increases in risk preed yum at a global level amply identified by low market liquidity a faster than expected fed tightening could push the yields higher according to the ecb and that Financial Vulnerability for the emerging markets sin creasing. China they point out as being a particular concern they talk about low profitabilitiened Systemic Risk. Lets talk more about geo politics. Russian president Vladimir Putin said turkish authorities purpo
Instability, particularly in spain after the inconclusive election over the weekend. Nearly every single stock lower. Iag just clinging onto gains, up 1 10 of 1 . Banks lower, infrastructure lower, oil lower. I want to show you the spanish 10 year. Rising nine basis points. Betty tech stocks are also on the up, helped why this deal between ericsson and apple. Actually, one of the only key areas of growth was technology. We saw 1. 25 gain in terms of technology, but i want to check into the real one that was moving, it was ericsson. Up 3. 8 because of the deal with apple. A long and bitter battle had been going on, but finally a deal is struck. They are going to be working together, cooperation going forward. That is why analysts and investors like us. Back with you be to check more on the european markets. Lets check in on the bloomberg first word news, Courtney Donohoe has more. Courtney Lindsey Graham is dropping out of the race for the white house. The republican senator from South