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welcome to the pulse live in london. big, big day in europe. all eyes on vienna. the ecb is in town. entrepreneur will hi will give his press conference. as we speak, opec begins its meeting. you can follow it on our blog. stop live go. let s check what is happening in vienna. our top stories, the opec meeting. before we go there, have a look at what is happening to european stocks. the stoxx 600 lower for a third consecutive day. don t expect much from the ecb. maybe that will tweak that forecast. that is the big announcement expected. of course, we can get more details on the corporate bond buying program, which kicks off this month. crude oil is out. it was lower earlier for a fifth consecutive day. as the opec ministers gathered. crude above $450 a barrel. will there be some sort of deal today? that is the big question. let s get the bloomberg first word news. nejra: the u.s. economy expanded at a modest pace causing the labor market to tighten as employers contin ....
and the problem with loose monetary policy. we will break down the ecb decision on rates, and the entire mario druggie news conference draghi news conference. we count down to the ecb decision. the opec meeting in vienna. wall street awaits the latest jobs data. kick it off, less than 45 minutes away from their decision. let s check in with the team leader, i am told the news coverage will be watched closely to get the forecast. interesting,ing is whether there today, no fresh stimulus probably, likely to show the inflation has not changed since the last projections in march and that is something of a disappointment because the last forecast did not include the ramp up of monetary stimulus, extra bond buying, negative loans and another cut in interest rates. a signal the ecb is starting to struggle. it will always say it can do more but it wants governments to play their part in helping the euro recovery. investors will look for more detail. nots past june, 20 ....
caroline: the war of words continuing, but i think getting the use out to vote, it has been so persistently about the economy. when will we see it and sent of i s to exert their democratic right right? poor, 0%,ne looking no change, no growth for european retail sales in the month of april. the market is expecting at least ..0 0.4% increase eurozone still not looking all that pretty when it comes to the data. polarity of the consumer in europe versus a better consumer and the united states, charles evans coming up. our first word news. nejra: the u.s. labor department s monthly job deport do well later this month later today. payrolls rising by 160,000 in may. that would equal april s total but would mark a slowdown from average monthly growth of almost 230,000 jobs. british prime minister david cameron denying accusations he is ratcheting up fears about the impact of a potential brexit. last night he defended while outlining the potential economic headlines from ....
in the next three to six months from opec s new secretary-general to the potential for more supply disruptions. we will look into the major market drivers for crude. in two hours.g stocks are down. reversing those gains we saw the last couple of days. my: right now, we are paring most losses that we saw out of the payroll jobs number that we saw earlier this morning. let s take a look at the snapshot of where we stand. the nasdaq is down the most, .7%. the dow, .3% there. the s&p intraday, we can see right out of the gate after the payrolls came out way worse than expected, we saw the big drop in big drops plunge and this plunge at 10:00. we are paring some of that and off the session lows, but still down about .4%. i want to show you what s been happening in terms of the sectors for the s&p in terms of volume. the falls we ve been seeing throughout the day have been coming mostly from this blue bar chart. this is the financial sector. 65% in terms of the volume again ....
now, almost one full china, if you want to use that as a measure. in any case, it is really about money finding a place to park. looking at asia, nine-month highs. a lot of this has to do with japan really pulling its weight. up 1% there, on the index. down to the japanese yen, we 107, a two dayo charge. as high as 107.48 at one point. now, weunch break right will watch closely. talk is louder about a spending program. we don t know the details, we are hearing reports coming out of japan. coming up with a number, 20 trillion. we will get a final number there, that is not speculation. , we are notupiah sure what time, they do not usually come out anytime, we usually get that in the late afternoon. economists are saying most of the 2016 rate cuts in the reference rate, we have a split here. move, not justl yet, but that being said, look at the expectations. , lookingwith indonesia at australia, 92% likelihood that indonesia moves. moving lower, lifting the tide overall. w ....