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his last august public statement. welcome to the pulse. live from europe s bloombergs european headquarters. i m mark barton. francine will be bringing you an jesusive with just daily staley. we got a big show lined up for you today. less than a month until the u.k. votes on the membership, we will bring you to top names on the opposite sides for the defense secretary, liam fox takes on the founder and chairman of finsbury pr, roland rudd. that will be in a half hour here on the pulse. let s check in on the markets. stocks are rising continuing a trend that started last monday. it gains one day and losses the next. stoxx europe 600 up by .6%. the dollar is up against the yen today. interesting comments he said a two day move of five yen would be considered one way lopsided giving an indication what it would take for the boj to intervene for the first time since 2011. in the commodity market, brent crude is down for the fifth consecutive day. that is the long ....
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 paul s for breath. a little bit of a pause for breath. matt: the nikkei was up yesterday. we re 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 ....
that. let s head to the markets desk. have the three major averages trading slightly lower. this includes the dow, the s&p 500 and the nasdaq. the best sectors are energy, consumer staples and consumer discretionary as for the consumer being back today, relatively to the consumer staples sector, we have cost go cosco up on stronger levels. again, it appears that the consumer is back today, at least in some areas. well-knownook at two stocks trading higher, netflix and time warner. both in the news and the financial times. the financial times says apple may be looking to buy a media company. a top apple executive has broached the idea of buying time warner. the owner of cnn and warner bros. netflix may be the better fit but we have shares of apple trading down. the company may be looking to diversify away from the phone business. vonnie: we have natural resources also making news. abigail: we do. we have a rally in the natural resources, starting with energy. wti cru ....
materials worst, and oil reaching a $50 benchmark. alix: look at the volume, it is down 14% for this time of day. clearly lighter volume in the holiday weekend. we have janet yellen speaking tomorrow. ,hey will make strong positions but i don t know what she will say about june. scarlet: if they are here. reporter: card you know what will win out. you have memorial day. alix: so what are you watching? reporter: we have a little bit of a reversal on what we are working in the mention of a rally in the past week or so. we look at financials, not to get the same point over and over, but we have a reversal with that trade. financials have been doing well, today is the opposite. perhaps a little bit of language from speakers that june is not 100%. and he wasn t had an interesting move in the nasdaq, stocks read driving higher, in particular dollar names, dollar general, dollar t dollar tree. the nasdaq was up a little better than the rest of the market, which reduction in ....
breaking news from south korea, industrial production falling 1.3% in april it estimates were for 0.3%. industrial productions down 2.8% for the year. more than expected following the 1.5 percent in april. we will see how that impacts markets at the open. let s check in on the asia-pacific markets. to new zealand we go, climbing 1/5 of 1% higher. 66 u.s. cents. u.s. stocks were close on monday for memorial day. we are also counted on to the opening in other asia-pacific countries. australia futures pointing to a flat the australian dollar is at $.71 u.s. japan pointing to a lower open this morning as we see a slightly stronger yen in play. jobless figures are due out later this hour. continues to be dominated by the prospect of the u.s. interest rate hike, which could come as soon as june. emerging-market currencies on track for the worst month since august. gold falling for the ninth straight day, longest losing run in one year. we will have a market moving him, today, ....