want to show you how the markets fared overnight. as you can see here on our screens the dow and the s&p 500 closing higher. that is in part to the energy sector index which surged after opec plus s announcement. inflation concerns have been tempered by expectations that the us central bank could soon end its monetary tightening campaign. and oil output cut will mean higher prices and we could see that starting from next month. my that starting from next month. my colleague has more.- my colleague has more. many anal sts my colleague has more. many analysts believe my colleague has more. many analysts believe that - my colleague has more. many analysts believe that the - analysts believe that the coalition of oil producing nations really want to keep the price of oil above $80 a barrel, even hovering around $90 a barrel. a higher price of oil has wide ranging implications. it will make producing goods more expensive for companies and if prices stay high for a while it will
you how the markets fed overnight. as you can see on the screens, the dowjones and s&p 500 closed higher thanks to the energy sector index which surged after the announcement. inflation concerns have been tempered by expectations the us central bank could end its monetary tightening campaign. still, an oil output cut will mean higher prices. my colleague has more. many analysts colleague has more. many analysts believe colleague has more. many analysts believe that - colleague has more. many analysts believe that they | colleague has more. many - analysts believe that they want to keep the price above $80 a barrel, even hovering around $90 a barrel. a higher price of oil has wide ranging implications. it will make producing goods more expensive for companies and if prices stay high for a while it will have an impact on the price of gasoline, and as many countries around the world are fighting high inflation, this move but opec could make this more difficult and the white
fell overnight in the united states. you can see the dow and the s&p 500 closing a little higher. in part thanks to the energy sector index which search. production will be cut by i% globally next month when my colleague has more. by 1% globally next month when my colleague has more.- my colleague has more. many anal sts my colleague has more. many analysts believe my colleague has more. many analysts believe that - my colleague has more. many analysts believe that the - my colleague has more. many analysts believe that the cars | analysts believe that the cars coalition really want to keep the price of oil above 8 cents a barrel hovering around 90 cents per barrel. the price of oil has wide ranging imprecations. it would make producing goods more expensive for companies and if priors to stay higherfor a while it would have an impact on the price of gasoline and as many countries are around the world fight inflation, this move by 0pec could make the back for more difficult
won t feature of members of the royal family. and beyonce has announced her first new tour in nearly seven years. there have been passionate appeals for us police reform at the funeral of tyre nichols, who died after being beaten by officers in memphis last month. speaking at the service, the us vice president, kamala harris, urged congress to pass a bill promoting police accountability. five policeman have been charged with murder in connection with the 29 year old s death. our north america editor sarah smith was at the service. # you lift me up. the grief was overlaid with anger, as mourners celebrating the life of tyre nichols also railed against the injustice of his death. i can t speak for everybody in memphis, i can t speak for everybody gathering, but for me, i believe that if that man had been white, you wouldn t have beat him like that that night. applause. america s first black vice president demanding congress pass police reform legislation. and when we look at th
britain s new prime minister, rishi sunak, has moved into number ten and spent most of the day appointing senior members of the government. on arriving in downing street tuesday, he said the uk was facing a profound economic crisis , and made a point of saying that he d repair the damage caused by some of the policies of his predecessor liz truss. i will place economic stability and confident at the heart of this government s agenda. this will mean difficult decisions to come. he also named his new cabinet. there are a lot of changes butjeremy hunt will stay in the key post as chancellor. he was appointed just a few weeks ago after the failed mini budget. on monday, jeremy hunt is due to deliver a much anticipated statement on the government s tax and spending plans, along with analysis from the office for budget responsibility. joining me now is melanie baker senior uk economist at royal london asset management. there are some rumours that this fiscal event on 31 october