The u. K. Government sets up discussions with industry as brexit disruption closes in. Negotiations with the eu are set to crash through an informal deadline this weekend. Good morning. Just over an hour to go until the start of cash equity trading. Let have a look at where we are on the futures picture. Futures in europe looked to be a little bit to the downside. Lets break into the futures to talk about whats going on with the u. K. Economy growing in the Third Quarter from the previous quarter. Growing by 1. 1 in the month of september. The estimate was 1. 5. We were hearing that from our colleagues moments ago. They were talking about the estimates for september and the First Quarter. The number i have penciled in from them was 1. 5 gain in gdp for september. It is a little bit below that. The broad theme is the same. That 1. 1 in september adding to strong rebound numbers earlier on in the Third Quarter. The Third Quarter comes up by 15. 5 . That could be a smashing of a record in
Virgin australia tracks interest from indias largest by just budget carrier. Shery lets get you started with a quick check of how the markets are trading. We are seeing u. S. Futures under pressure, this after the regular session ended mixed. Markets pretty optimistic about reopening some parts of the u. S. Economy, but also a bit more cautious given that we have seen flareups around the world. The s p 500 finished unchanged. Health care led the gains, but financials weighed on the index. The nasdaq composite getting for the sixth consecutive session, outperforming again. The longest winning streak this year. Take a look at what oil is doing. Wti gaining ground, above 24 a barrel. This after it fell and erased earlier gains in the new york session. Tohave saudi arabias plan output, providing a boost but that was not sustained. We have opec given its Monthly Oil Market report on wednesday. Haidi in the u. S. , President Trump has responded to reports china is considering scrapping the p
Is consistent and significant. Significant move up thats also consistent thats my view hitting the mark. Saudi aramco valuation touches the 2 trillion but pairs gains within minutes of opening trade. And polls open in the uk with voters across the nation heading out to vote in the election. A very warm welcome to street signs. Before we get to all the big topics today macrowise the latest Oil Market Report they have kept their Oil Demand Growth estimates for 2019 and 2020 unchanged at 1 million a day and 1. 2 million a day respectively saying the oecd amount of barrels is set to fall in the first annual decline since 2014. On the supply side, the number of barrels fell. For november, oil supply held steady as higher u. S. , canada output was offset by saudi cuts. They make an interesting note that in september, the United States momently became a net exporter this is a major milestone on the path tet exporter which is likely late 2020 or early 2021 however, this does not mean independe
Effects rates despite a higher profit this year. And the end of an era. South africas president jacob soozuma will be reportedly led o resign today u. S. Crude output could overtake that of russia and saudi arabia, thats according to the latest iea Oil Market Report which also predicts nonopec Oil Production will grow faster than demands. Neil atkinson from the iea joins us from paris. Sir, thank you very much for joining the show our colleague spoke to the head of the opec earlier. He said he had reassurances from russia to keep production cuts in place is it fair to say Going Forward the u. S. Will be the largest swing producer in the foreseeable future when it comes to Oil Production . Well, i think most people assume that the opec output cuts, which have been in place since the beginning of 2017 will stay in place for the rest of this year. What were watching at the moment is because the United States is essentially a free market for oil, its production rises and falls in line with
Good morning welcome to Worldwide Exchange on cnbc. Im dominic chu. Im seema mody in for wilfred frost and sara today this morning we are seeing some red after a big green day yesterday. You can see for right now we have an implied open on the dow of down just about 180 points. The s p indicated to open down by 16 and the nasdaq down by 29, 30 points. A nice 410point gain for the dow yesterday maybe sets things up for a breather today. Well see if that selling pressure holds steady or gets exacerbated. The tenyear note yield, a bit of a bid to treasury bonds, so yields are lower this time yesterday we watched and saw the tenyear treasury note yield around 2. 88, almost 2. 89 . You can see now 2. 83 is where we stand on that u. S. Tenyear treasury note. Lets look at stocks in asia overnight. Asian stocks closing higher with the exception of japan, which closed lower by 0. 7 thats due in part to the rising yen. You can see a strong move for the shanghai composite the kospi higher by 0. 4