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warns of huge consolidation. opec dissents on the in a. crude dissents under $50. is saudi arabia s oil minister calling the shots? a warm welcome to the program. let s have a look on what is happening at the futures. we are not getting an incredibly strong picture from the futures this morning, i have to say. we ve got euro stocks up just a fraction at the start of the are p and trading day. the ftse 100, perhaps it s a little bit on the back foot. of getting a great deal momentum perhaps coming through from the asian session. we still have some big agenda items on the radar with the ecb meeting and the jobs report, plenty still to digest. matt: take a look at the nikkei, down 1.6%. take a look at the yen strength that we are seeing, 109.95, how many yen you get for your u.s. dollar. the aussie dollar on the other strength,owing some not the kind of strength we saw earlier in the session. we saw an hour ago a 1% gain against the greenback. 0.5%. only see it up losses i ....
mark: welcome to the polls. welcome to the pulse. i am mark barton. the manufacturing figures. 51.5, back in line with the earlier estimates. pmi manufacturing, 51.5, back in line. we have a busy show lined up today. in the next hour, we will bring you interviews with executives from embraer. live from the ground and the only cd formed in paris. speaking to year grumman you. just speaking to geer grumman you. stocks are lower. the stoxx 600 rises for the third month. don t forget the m&a fell for the first time against the dollar. as opec ministers gather in indiana, in vienna, crude is falling. wti, that was brent crude rising . the longest stretch since 2011. here s nejra cehic. nejra: japanese stocks fell as begin soared after prime minister abe confirmed he will untilne a sales tax hike 2019. oblique previously said only an economic shock or a major earthquake would cause a delay. china s official factory gains remain in expansion territory in may. that ad ....
will cover all the commodities. caroline hyde in paris on a warning by the oecd, and ryan chilcote in vienna previewing the opec meeting. we begin in asia where prime minister shinzo abe has decided to postpone an increase to the sales tax. delayed once, it is twice, and i am wondering if we will ever get it. enda: i think it just shows you how nervous the outlook is for japan s economy. japan has the biggest debt burden and they have been trying crying out for the government to do more to tackle debt. minister day has had to step back again and surrender and say, we need to do more spending and try and get growth going. the economy keeps flirting between contraction and expansion. it is also interesting in terms of what it needs means for the bank of japan. we have already seen the reaction, a big gain in the end today as it takes pressure off central banks in the yen today as it takes pressure of signature bank s. it shows you that japan s economy remains on qui ....
that for them. demand for private planes has dried up and it has become cheaper to buy from abroad. you think ofhat our top stories. follow me on twitter at #ishaadtv, and use that trendingbusiness. what is the mood like? david: caution at the moment. since u.s. markets reopened, expect trading to be range bound up to the jobs report, which could change the game. japan leading declines at the moment. the biggest one-day drop for shares in tokyo in a month. unsurprising given the strength in the japanese yen. south korea down a 10th of 1%. higher,ers revised 2.8%. some data out in the next 30 minutes or so. new zealand largely unchanged. just over 2200ng announce in the price of milk coulk. note, singapore with pmi data tonight, expecting 49.70. top optimists. remainthese indices to range bound. caution is the name of the game. have a look at currency. this spells out risk appetite, dollar-yen, 109.32. we are down further. aussie is doing this, giving back gains. see how ....
edwards. we will be joined by manus cranny from dubai. let us get to the risk radar can the last 24 hours or so. today s show brought you by the city of vienna. on the opec front and the ecb. putting aside for one moment, let us have a look at the asian session. the nikkei to do five down by 1.9%. it was down at one point by more than 2%, looking for the biggest drop around a month. and that is amid the wildly expected stimulus package by abe. level, towards that 109 perhaps more again strengthening this morning. a host of factors in here. here, boj,ax news in resident risk, all of that working its way to the japanese currency. and we have about her index in there for you. down two cents, and the page veryovernight, a keyword, often used in that report, 23 times mentioned in just six pages. setting up the jobs report tomorrow and the meeting on the 15th of june. let us to the bloomberg first word news. here is rishaad salamat. trading for a fifth day, opec ministers mee ....