The stories that set your agenda. 100 dollars a barrel march continues as the u. S. Oil benchmark its a oneyear height with stockpiles and hitting one year at levels and fears around and inflation uptick are growing. Especially in asia where stocks are under pressure. On the docket german and spanish inflation data, one more puzzle piece on what the ecbs move might be on when traders bet on a rate cut next july. Plus italy plans to bring its budget deficit below the limit set by the eu but only in 2020 six. The delay risks a confrontation with brussels. A lot of a cross currency air. A lot of different market pressures lets get a quick check on the market futures because like i said you are seeing a pullback in those asian equities. A lot of pain in the nikkei and the hang seng. We will get to that in a moment but futures indicating that that is not a global story just yet. The underperformer of the board will be euro stocks, 50 futures really unchanged. I would not call this a big mov
Welcome to the pulse live from bloombergs European Headquarters in london. Lets get straight to the markets. We are seeing pressure on rbs. That is putting pressure on the bank stocks. What a day in europe. Trading hour into the session, the stoxx 600 gaining some 1. 5 . The pound, weve seen a huge fall in sterling since the beginning of the week, but it is now above 1. 40. This is the week for pound and eurodollar. Seven pointoil gain one percent. Lets get to the bloomberg first word news with nejra cehic. Nejra iranians are voting today in the first election since the nuclear deal. President Assad Rouhani is seeking to bolster parliament, where rivals have hampered his efforts to revive the economy. Voters also go to the polls in ireland today to choose who will run the country for the First Time Since exiting a bailout in 2013. The Prime Minister is seeking to become the first leader of his party to win a second consecutive term. The set of the threat of brexit is hitting the u. K.
What is happening on the markets. A surprisingly busy session. Caroline grinding higher across the board. Political risk is dominating the front of every traders mind when it comes to spain. Stocks and bonds, stocks and bonds down today. This ibex 35, clear underperformance. Making up all of those losses we saw on friday. Id ask shopping ibex having its worst day. Every Industry Group is tainted. Real Estate Companies trading lower. Does utilities , elections. Can they get together some sort of majority . We are entering uncertain uncharted political territory. Theyre up 13 basis points. They were up 18 basis points. Daily, foreign costs rising. Concern about the political stability of spain. Interesting though, keep an eye on oil. It is always on our perspective. This is 2004 for you. It is down phenomenally this year. 36 per barrel on brent. Clearly, the ongoing concern about the supply gullet supply glut. Rig counts 17sing to 17 makes rigs added since july. Talk about cutting costs
Not used to. Usually the Car Companies have been beating estimates, but it is still a gain, at first the 45th , which omit consecutive month of yearover year sales increases for chrysler. They started at a low bar during the bankruptcy, it has come roaring back under the leadership of Sergio Marchionne. Yesterday we talked about the deal he clinched, purchasing the rest of chrysler from a union group with a lot of chryslers own cash. A real coup for Sergio Marchionne yesterday. Of 6 . E have a gain the 45th consecutive month of sales gains. The best december sales chrysler have seen in six years, better than they have done since 2008. 9 . Year sales are up about the strongest annual sales growth since 2007. Marchionne isgio a self subscribed corporate fixer. We will have figures out from ford, gm, what do you expect . Ford is expected to post sales growth of about 4. 3 in december. Gm is expected to be 1. 5 . More interestingly, we are expecting all three u. S. Usemakers, and i will u.
Web traffic spike, suggesting they are still in demand. And first, to the lead. The snap chat ceo stopped short of a formal apology. 4. 6 million user names and phone numbers were posted online. They say in a blog post that they will launch an update to the app. The new version will let users opt out of the find friends feature. This is the future that was exploited to get all of these are details. The ceo also told today that they did ignore warnings about potential ballmer ability. We thought we had done enough. In a business like this, that is moving so quickly, you spend your time looking backwards and you will kill yourself. So, are they doing enough to quiet the storm . We have a special roundtable today. Mark milian is here. Also, jeffrey hayzlett. Jeff, i want to start with you. Would you call this an apology . It is not. They have ignored the three as of pr. Acknowledged, address, and a sure. It was embarrassing. It was weak. They have an obligation with social media. Transpar