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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 ....
moving up. we are all waiting for the jobs report tomorrow. joe: you have to talk about the resiliency of this market. we were down earlier in the day, and another come back to close over 2100. that is an important level. one thing that did help a little bit was a bounce back and oil after the inventory report. energy down the most on the day, more earlier, then a pullback into strength. for a long time we talked about oil and stocks correlation. that is not where it was three months ago. is going one way, stocks are going one way, the correlation down -.9, so today positive despite oil. , a bigresting stock move move down intraday, a report came out from andrew left of citroen research. chemours. there is some doubt and short interest might be building. joe: a remarkable turnaround there. let s look at the greek two-year yield. here is a three-day chart. that was thisop, morning when we got the ecb decision. they did not grant the waiver for banks to get greater acce ....
strongly. raising half $1 billion. the company lost its chief executive on monday. do let us know what you think. follow me on twitter @rishaadtv, and use #trendingbusiness. weekast trading day of the in shanghai and hong kong underway in 30 minutes. others just starting off. david is taking stock of the mood. there s no real conviction ahead of the jobs report. back to levels at the start of the week. let me recap quickly. 500 above 2100, seven month high. stocks in europe, call it flat. europe was lower. emerging markets flat as well. no real conviction. volumes are light. we are well-off the highs of the last hour or so for every market open. doing this, .5%, not bad. we were seeing a lot more gains early on, at sense of caution out there. , that is the story in sydney, below 5300, well off the highs. korea,pi index in session lows, 1982 is the level. asia is looking like this. here is the heat map. three opening up. it is the best misleading. we are seeing gains, bu ....
in london. it is 9:00 so we have to look at the markets. we have quite a move overnight in asia. currently our top story is the pound. pound-dollar, 1.4425, the pound tumbling after that jobs report in the u.s. everything is linked back to what janet yellen can or cannot do this summer. the european stoxx 600 almost flat. at 49.2.r in new york let s get to the bloomberg first word news with caroline hyde. caroline: the pound has fallen to a three-week low after goals suggest britain s favor leaving the union. surveyg weekend after a found 45% of voters would choose to leave. 41% said they would vote remain. another poll shows the leave campaign ahead. the race has tightened in the past week, spooking some investors. china must improve monetary policy communication as it takes on a larger role in the global economy, so says u.s. treasury secretary jack lew. i think when you talk to the economic policy, there s no question that they understand what they need to do in te ....
i m francine lacqua. it s 9:00 in london. time to check your markets. this is the picture. we are seeing pressure on the index headed for its biggest two-day decline in three weeks. financial companies are down. europe is also down. i wanted to show you the 10-year bond yields at a record low. the same thing for the u.k. gilt yesterday. and then brent crude slightly down today at $51.38. let s get straight to bloomberg first word news. nejra: the ecb does not need new stimulus to reach its inflation goal, according to the governor of the slovenian central bank. at the current juncture, i thed firmly confirm that measures work and that we can only look forward to responding everything what might come on our table in the future. nejra: barack obama has formally endorsed hillary clinton to succeed him as the next u.s. president. met withafter obama bernie sanders. i want those of you who have been with me to be the first know i am with her. i cannot wait to get out there ....