You can see oil prices pulling back about 27 cents, still just about 89 for wti crude. We will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. Lets talk about some of the main market events of the morning. Actually today fed chairman Ben Bernankes speech at the economics sclub of new york is coming up at 12 15 eastern time. Traders will be listening no any comments on the Central Banks operation twist program and discussions about changing how the fed communicates about Interest Rates. Operation twist expires next month. And there is some speculation the fed will continue making asset purchases by expanding the size of its 40 billion a month quantitate of it easing program. Also on the economic agenda today, october Housing Starts released at 8 30 a. M. Analysts looking for a decline in new building despite a steady stream of positive news on housing lately. Yesterday the National Association of Home Builders said the confide
Instrument in the tool belt. The protests in bangkok gathered steam as demonstrators defined new security laws and surround key government limits in a bid to top trillion government. A boost for investors, the spanish oilmaker strikes a deal with argentina over a price for the stake in ybs in 2012. And shipping into gear, crisis as it intend toss lift shares on the New York Stock Exchanges. The automakers ipo plans will likely be delayed until sometime next year. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. Announcer youre watching hello Worldwide Exchange bringing on todays show, were joined sclus you Business News from around ively by the the globe. Announcer youre watching Worldwide Exchange bringing smiping manager of oocl. See anna looks to approve ads 3 billion Capital Increase were going to enter in as well as the new san paolo chief carlos sanchino attends his first management meeting. Well get the latest on the winter storm thre
Markets and overall. I just think that making prediction about stabilization of this environment is quite hard. The latest to stop from refining weakness. The firm upping the amount of cash its putting aside, as well, to deal with the gulf of mexico spill. And toyota shares fall lower in japan despite the carmaker raising its forecast. The firm now expects a record profit this year. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Warm wake to todays program. We kick off with where we are an hour into trade in european equities. 8 to 1 decliners currently outpacing advancers on the Dow Jones Stoxx europe 600. Here we are, this is where we stand right now. Love the prices on for you. Were not quite at the session low. We hit that about a half an hour ago or so. Ftse 100 off 0. 4 . The xetra dax off 0. 75 and the cac 45 off 0. 25 . Ftse mib is up 0. 36 . The nikkei down over 4 today during the session. The yen actually didnt continue to stren
Securities, the gauge rode to a sixweek high. This morning, u. S. Equity futures are indicated up slightly, up by about seven points. S p futures down by over a point. Nasdaq up about a point. And the tenyear note, this is what weve been watching so closely. The tenyear note at some point is yielding 2. 8 . Exactly. Thats been driving the direction for a lot of these things. Moving up yesterday was around 2. 78. But 2. 8 is where people start to sit up and take note. Just under 16,000. Vix at 14. Tenyear, 2. 8 . Im not ready to say anything yet. Are you . No. But you wonder, if you looked at november every time there was a dip, people jumped in and bought. Thats not happening. No, no, bring that last one back up. We cant say anything. Look at that. Does that look any different than anything else . You know whats weird, is the dow had its biggest look at those others. I know. But weve gotten so used to gains. Look at september, look at all, look at june. Down, slightly back up. The dow
Vote. Reports suggest cyber monday in the u. S. , sales hit a new record, clipping 2 billion for the first time. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello. Welcome to todays program. Were just over an hour into the trading session here in europe. We are down once again. Decliners being outpaced by advancers by a ratio of around about 7 to the on the Dow Jones Stoxx 600. The if it is ft. Yesterday was down from 55 points. You can see at the moment, down 0. 3 . Take a look at where we stand on some of the individual sectors, as well. No sectors at the moment in positive territory. Basic resources once again. Its been a year of underperformance for the resource sector. Spot gold, bouncing off after hitting near those fivemonth lows at 1222. Copper is a little lower. The spread between west texas and brent now getting ever wider. There seems to be more u. S. Supply coming on board. The question is whether the weakness in the u. S.