Rishaad oil prices down by 3 over the last three days. Big falls overnight are having repercussions, in particular for australian markets and the aussie dollar. It may be a bit of a brighter prospect if you are an oil bull in the future. It does suggest that if you look at 2021, prices are likely to be breaking to the upside. Deliveries in the near future having a higher price of those made later on. You could also argue that rising longterm prices show the market is going to the view that high prices are perhaps more sustainable. Again, the caveat is a longerterm. This is the outlook for prices for four years from now that should give greater encouragement to bulls of oil and commodity markets, generally speaking. Action in oil iea talking about the shale revolution, revising down shortterm demand prospects for 2018. In the near term, not a lot of positive catalysts to be found. Concerns over lack of progress on tax reform. Were looking ahead to u. S. Inflation numbers, with the index
Im wilfred frost. Lets get right to the markets. Little pressure for u. S. Equity futures after stocks closed higher yesterday across the board but still lost some of their earlier gains the dow finishing higher by 88 points. Futures now pointing to a weaker start down 26. S p futures down nearly five points. Nasdaq futures down almost six. As for the ten year treasury note yield the bond market was closed yesterday columbus day holiday back open today. 1. 77. Strong driver for stocks like financials and utilities, both of those in opposite directions depending on what yields are doing. This morning yields are higher and dollar stronger indicating that higher odds that the fed moves this year on Interest Rates. Yields going slightly the other direction in europe and the uk this morning so just showing that strength of momentum in pushing yields higher in the u. S. Managing to buck the trend of european yields. Lets have a look at european equities though right now and at the moment as
There is news out there. Every nuance is interesting. We move on to the challenges of venezuela over the weekend. I would suggest you have in your lead, brexit, front and center. We will talk about the brexit dynamic over the weekend. Francine we have more research and survey saying we should do this or that. Lets get to the first word news. In iraq, a series of attacks have killed at least 29 people. 14 died in the attack. A series of bombings killed 15 others. Dozens more were wounded. It is the fifth straight day of attacks in or around baghdad. In saudi arabia, john kerry met with about conflicts. He is trying to shore up a fragile truce in syria. There have been violations on both sides. Discuss syrial again tomorrow with the Russian Foreign minister. The first time, joint military exercises will be cooperative into missile launches from north korea. Six weeks to go before the votes. The campaign over whether the u. K. Should leave the European Union is growing more caustic. Invok
Faulty takata airbags. They missed estimates by 34 . Alibaba is kicked off an anticounterfeiting group, amid questions of the platforms and worries about a conflict of interest. Alibaba says it must be part of the global fight against fake. To let us know what you think of top stories, you can follow me on twitter at yvonnemantv and do not forget to include the hashtag trendingbusiness. Singapore and malaysia have just come on a line online. How are they digesting this data . Juliette yes, we were pointing to a next session. That is certainly what we are seeing with the ppi numbers coming through the japan, the yen is weakening so japanese stocks are higher and australia due to the fact that we see Good Movement in base metals on friday. Elsewhere, there is data coming through across the board, singapore and malaysia coming down online, all down between. 1 and 0. 2 . The chinese Economic Data coming through on friday, affecting across the board. Markets up without an interesting note s
Grown gdpwise 5 per year since 2000. Violent extremism is amongst the major risks to economies in part of africa. Tunisias gdp gross has been cut from 3 to 1 . Chads gdp contracted 1 in 2015 from a growth of 5 in 2014. And countries like kenya and nigeria saw a reduction of 25 of tourism following terrorist attacks. We in undp estimate that at least 33,000 people have died on african soils since 2011 as victims of violent extremism. And 6 million are currently internally displaced due to radicalization. Mr. Chairman, over the last two years undp has held a number of consultations, conducted a series of studies and commissioned research to better understand the violent extremism scourge in africa. These various studies and research converge in showing three major findings. One, while the drivers of radicalization are multifaceted and defy easy analysis, their major roots are to be found in the combination of poverty and low human development, a sense of economic and political exclusion