Just getting breaking news from the iea. Leading up to that doha meeting on sunday, on oil. The iea coming out with some figures. Shale output drops. We had the head of commodities from Goldman Sachs on a couple days ago and he says the problem with shale Gas Producers in the u. S. Is because they can come back online quickly. We have a great lineup. Joining me this hour is paolo scaroni, former ceo of italys Largest Oil Company. A bloombergk in exclusive. Well talk luxury. Burberry down a percent. Lets get straight to what some of the major market moves are. European stocks opening flat. Curdrude, that is the one we are watching out for, because of the doha meeting. We will speak to paolo scaroni. I wanted to show you the Singapore Dollar. Its boe day. Lets get straight to the bloomberg first word news. Nejra new Zealand Central Bank has said a journalist great surprise interestrate cut last month. A news hub reporter sent information about the cut to media lockup on march 10 before t
Of england as it considers the grand distortion. Will get a view on what is happening on the u. K. We will work our way through this show. We saw a big stock rally, and at imf telling ushe the growth story is pretty bleak. The singaporeans telling us they need to get back into crisis mode. Hans it captures what is going on up there. Some people are saying steady as it goes them we see the capacity of a single bank saying lets intervene. We could potentially have a a currencyr or conversation. And all that gets you excited. Guy you have to find something to get excited about. Equity markets probably not going to provide that. Yet, a huge rally for jp morgan. Expectations pretty low. On quarter quarter and beat expectations, but it was still down. This talk about we start morning, this is how the numbers look. Similar picture, it is thursday that means a bunch of stocks going dividend in london. Just be aware of that. That is called at the level stronger the most than most. Unsurprising
Lets get straight to the markets because we have had a lot of volatility. That is the understatement of the year. We have had a lot of volatility over the last 10 days. This is the picture as we speak. The euro stoxx 50 hundred gaining 1. 6 . Stocks advancing for a second day. Buoyed by demanded commodities. You can see crude Oil Yesterday below 30. And then we wonder whether that 30 market is a floor for now. A couple of movements we saw in the yuan and the rand. Currently at 16. 43. Lets get straight to the bloomberg first word. Nejra chinas trade surplus widened and exports recover last months. The worlds secondlargest economy trade plus trade surplus increased. That offered support for the weakening yuan. Has bounced back after tumbling below 30 a barrel for the first time in 12 years. The oversupply of crude means prices have not staved off the threat of further declines. Meanwhile, the bloomberg Commodity Index has tumbled to the lowest levels since at least 1991. Irans revolutio
Welcome to the pulse, live from london. Nikkei hasns recorded its biggest oneday gain since 2008. That came as asian stocks rose across the board amid optimism that chinese policymakers will succeed in stabilizing the mainland equity markets. Francine the chinese premier will address an evening session of the World Economic forum and discuss the state of chinas economy later this morning. To round up all the market moves, lets get to mark barton. Mark what is going on today , then . The asia pacific index rose the most since 2009 in the last two days. The shanghai composite Index Benchmark has risen by 5. 3 , all on this belief that china will stabilize its Financial Markets. It comes after all three u. S. Indices went down, their secondbiggest gain of 2015. Index hadsiapacific its biggest gains in 2009 not the most astonishing move today in asia. This is the most astonishing move yesterday, 24 hours ago, we were talking about the nikkei erasing all of this years gains. What a differen
Ulse. If they are having to cut Global Demand for the first time in five months. Overall, the ink the price of oil will rise. They are seeing a nonopec output estimate. The chunk of global out of its that opec does not control but would like to see cut may actually be cut. That is good news. It is anyone within the opec complex but they have been cut by the iea. These guys want to see it handinhand with them as we try to manage the markets. We can see what is happening here. We are up over 1 as you can see. Switching directions. Yesterday confused them. Some interesting headlines coming out of the iea. The Swiss National market to raise the cap on the swiss rank. It is surging as much as 41 yesterday. Lets figure out what is happening here. Hans nichols is in zurich. I guess the morning after the night before. The morning after there are two questions dominating the conversation. What does this do to the swiss economy . The middle companies have a high labor costs. They still pay in sw