On guy johnson. Butill focus on the brexit first, up to speed with what is happening in the market story. Ahn we are seeing the selloff continue in asia today. The benchmark index at the lowest level it has been in a month. Betweentually slung gains and losses be and losses throughout the day. We have data this morning showing that japan recorded a trade surplus for the 15th consecutive month in september. Were seeing a lack of clear direction as there are concerns of the rate hike next month, the possibility of that happening, not to mention a deepening slowdown in china. 4 10 of a percent lower today. We had data this morning showing that home loans grew 2 month on month, which was more than expected. Estimates were that it would remain flat. Expanded losses, down 1. 4 . Now down for the fourth consecutive session led by utilities and health care. We saw some choppy trading in china. The shanghai composite is currently down 3 10 of a percent. Four consecutive days of rallies in china
I am manus cranny. Anna it has just gone 6 00 in london. We have a good chart. Manus flashing in green. It breaks the 40 a barrel level. That is incredibly important. You saw the cash market for brent drop below 40. Of course, this comes on the back of a rather dysfunctional opec meeting. Anna we will get further , but they are quite we will on oil in 2063 talk to Societe Generale in 2016. We will talk to Societe Generale. Retest thesen lows. You are seeing a buildup in the 38 put options. Investigators are taking a big at that we will see wti down 38. The volume is tremendous. Anna good morning, caroline. Caroline Energy Stocks have slipped after opec gave up all pretenses of acting as a cartel. Pumping in an effort to squeeze out rivals such as russia and the u. S. Wti crude is once again below 40 per barrel and their is a Record Number of beds that it will fall below 38. President obama described last weeks shootings in california as an act of terrorism. In a rare speech from the ov
Fomc decision. Became it better than estimated, 544,000 new home sales in december, the annual take. 500,000 was what was estimated. This is up from 490,000 of the prior month. Coming in better than had been anticipated. We have seen the lower trended markets overall. There are two culprits, apple and boeing. In particular, they are taking a big chunk out of the dow jones, accounting for about 100 14 points of the dow jones loss. Boeing coming out with a forecast that trailed analyst estimates and they will be delivering fewer aircrafts. And you will hear more about apple in a moment with forecasting sales decline for the first time in more than a decade. Betty also, we have a date on oil inquiries coming up. Industry trade data coming in last night. They give us a clue. The American Petroleum institute same percent of the left 11 billion barrels of oil the last week, so we will get official word from the u. S. Government, coming up. Oil is lower by about 2 , not below 70 a barrel, but
Said, theas you statement is just in a few hours time. A daya day nominated dominated by earnings. We have the worlds biggest chemical company, check out the shares, down by 2. 7 . It took a big charge due to lower crude prices. , want to show you novartis that is down today. It also missed earnings estimates. Unit. E of revenue and the we also have the strength of the dollar hurting the value of global sales. Betty we had some of the worst performance here. Did we get better news for shareholders today . Mark soso. Help banks offload the debt and you would think that would be a good thing but look at the reaction in italy. This deal wont count because priced backing will be at market rates. Look at what is happening to the royal bank of scotland, one of the big recliners. A 3. 6 billion dollar hit to the value of its assets. More moneyng aside for past misconduct. What this does is overshadow the efforts to reinstate the dividends. Actuallyny hasnt given the dividend. Of course, that
Europe. Just waiting for momentum to build. One of our best days yesterday in almost two months. 600. Over 0. 9 on the stoxx let me take you on a journey. This is what everybody is focusing on, the magic number, 17,000, the United States on the dow jones. Whether the s p 500 can continue momentum. Whether you believe in the dow theory. That is where they ignited the concept that this bull rally could continue. When you are actually talking about it, sometimes it is over embellished. The u. S. Took the lead and they went charging ahead in asia. Sixyear highs within the asian markets. Here we go in europe. The french Prime Minister tells the markets that the euro is overvalued. Not good for exports. The ecb should do more. Paris down by 0. 2 . Have a look at some of the corporate stories. A baby sales company. They had discussions with destination maternity. Destination maternity offered 300 pence twice and have been rebuffed. Lets see how mothercare opens. When it comes to the number on