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product profit increase but can it be sustained? we ll find out when we speak to the cfo in 45 minutes time. we are now half an hour away from the european open, caroline let s take it look at where we think it will take us this morning. it looks like a mildly negative start for the european day. this is the fair value calculation. the dax :00 it will be just positive, everything else looks like it will be negative but only just. it looks like a fairly flat open. rebound iny we saw a minors when it came to europe and that seems to move into asia, helped by copper trading up 0.8%. brent crude oil is currently flat. there have been concerns about nigeria and the niger delta being evacuated and concerns about the safety. there seems to be a supply-demand dynamic. yesterday andckup it seems that commodities go higher and so do stocks. we will be digging so much more into the dollar index because it s down a quarter percent but goldman s sex says go long on the dollar. we ....
well. but i like how you mentioned brazil. to john for air and 10 minutes in brazil but between brazil and the philippines, a lot of emerging-market politics going on within the student of economics and finance. of economics stew and finance. francine: now, let s get to the bloomberg first word news. nejra: bernie sanders is not going away. he says he will fight for every last vote. night, he defeated democratic front-runner hillary clinton and the west virginia primary. lead inlinton has a big delegates, closing in on the number she needs for the nomination. meanwhile, presumptive republican nominee donald trump won in both west virginia and nebraska. he faced voters for the first time since rival ted cruz dropped out. british prime mr. david cameron may have an awkward time and ofrat s when the leaders nigeria at afghanistan visit this week or he told queen elizabeth the two countries are extremely corrupt. prime minister cameron: nigerians, the leader is fantasticall ....
we talked about the debates on the markets. let s go straight to the market desk where matt miller has the latest. matt: we are a half hour in and down across the board. check out the major indexes, a little half percent of the dow jones, more than 100 points the drop. yesterday we had the best performance from the major equity indexes in two months. this is a little bit of a reverse bound. 2075.wn 0.4%, if you look at the map, and i have it in the bloomberg terminal, you can see nine out of 10 industry groups are down right now. the only gainer and really unchanged, consumer mark: it is on my touchscreen actually. matt: bismarck talking to me? turn off your microphone. consumer discretionary, the biggest losers. let me tell you what happened at disney. disney mr. earnings for the first time in missed earnings for the first time in five years, the first in 20 quarters. earnings down, real concern about retailers, espn earnings and revenue. actually espn earnings up ....
the central-bank prepares for its last super thursday ahead of the referendum. we will bring you full coverage, live on bloomberg. so we are 28 minutes away from the start of the european trading. it looks likely will see a mildly negative start to the day. let me show you what s happening. this is the picture at the moment; you need to focus on his missed price column. london looks like it will be down around 3/10 of 1%. continental markets looking firmer. i would say probably that points to a flat story at the get-go. caroline: yeah. let s have a look at the asset checks we have on. i want to draw into what has been happening on the oil side, and what has been happening largely on the japanese trading front. keep an eye on oil. there was a surprise reduction in inventories in the united states; we saw it down to its lowest in september, 2014. clearly a bounce in oil has been driving it, some japanese bonds to keep a close eye on. i m interested by the fact that 30 yea ....
up italy s troubled banks? so, welcome to the program. this is the pulse live here in london. first thing s first. let s check on the market. overall, we are seeing a lot of european shares on the downside. we had disappointing news in terms of earnings coming from japan. we also had disappointing figures from a cement company, goes to construction. it is the backbone of the european economy. i want to show you the pound. later on, it is the last time we hear from mark carney and the r expectations for interest rates. the last time we hear from them before the june 23rd referendum. a lot of banks are under pressure. now let s get straight to the bloomberg first word news. in mitsubishi motors have jumped by 16% after confirmation it is in talks with nissan, including for a possible capital tie up amid a fuel economy scandal. nissan is seeking a 33% stake in mitsubishi motors. credit agricole reported a decline at first quarter profit. net income fell to 227 million eu ....