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the central-bank prepares for its last super thursday ahead of the referendum. we will bring you full coverage, live on bloomberg. so we are 28 minutes away from the start of the european trading. it looks likely will see a mildly negative start to the day. let me show you what s happening. this is the picture at the moment; you need to focus on his missed price column. london looks like it will be down around 3/10 of 1%. continental markets looking firmer. i would say probably that points to a flat story at the get-go. caroline: yeah. let s have a look at the asset checks we have on. i want to draw into what has been happening on the oil side, and what has been happening largely on the japanese trading front. keep an eye on oil. there was a surprise reduction in inventories in the united states; we saw it down to its lowest in september, 2014. clearly a bounce in oil has been driving it, some japanese bonds to keep a close eye on. i m interested by the fact that 30 yea ....
up italy s troubled banks? so, welcome to the program. this is the pulse live here in london. first thing s first. let s check on the market. overall, we are seeing a lot of european shares on the downside. we had disappointing news in terms of earnings coming from japan. we also had disappointing figures from a cement company, goes to construction. it is the backbone of the european economy. i want to show you the pound. later on, it is the last time we hear from mark carney and the r expectations for interest rates. the last time we hear from them before the june 23rd referendum. a lot of banks are under pressure. now let s get straight to the bloomberg first word news. in mitsubishi motors have jumped by 16% after confirmation it is in talks with nissan, including for a possible capital tie up amid a fuel economy scandal. nissan is seeking a 33% stake in mitsubishi motors. credit agricole reported a decline at first quarter profit. net income fell to 227 million eu ....
$3 trillion is not what it was 10 years ago or 20 years ago. many of the problems they face going forward are more like the problems of an airline. most stupid statement of energy i have ever heard. scarlet: plus, a look at north korea s energy economy. straight ahead on bloomberg best. hello and welcome. i am scarlet fu. this is bloomberg best, your weekly review of the most important business news, analysis and interviews from bloomberg television around the world. our day by day look at the week s top headlines begin with a shakeup in saudi arabia s cabinet that could have major implications for the global oil market. mark: saudi arabia appointing a new oil minister over the weekend. the chairman of the state oil company saudi aramco replacing who has held the post for two decades. it is part of the government s whiter revamp. wider revamp. i guess the question for the market is whether anything has changed in terms of policy coming out of saudi arabia. ....
first of all, we have a great show aligned up. joining us for the hour is allia nz chief investment officer and ceo. it will be great to get an update. first thing first. let s check on the markets. we also have a little bit of breaking news from south africa. this is what european stocks are doing, down 0.5%. dollar strengthening against all thets major perrs oers on prospect of a u.s. interest rate hike. japanese shares, weighing whether better than expected economic growth reduces the need for stimulus. then we had the cpi figure in south africa rising. in line with what economists were expecting. the finance minister, that may be putting pressure on the rand, 15.81 against the dollar. let s get to first neword news. in governments and consumer spending compensated for slighted business investment. gdp expanded by 1.7% to the end of march, exceeding all forecasts. meanwhile, the october to december quarter was revised to 1.7% contraction, worse than previous estimate ....
in dubai. let us kick it off with what is going on. we are trying to absorb everything from janet yellen. the treasury market returned aggressively with pace yesterday. i want to show you the dollar. take a look back here over the years. go back to 2009, selling in mae and going away. that is not the case. the dollar has climbed 3.4%. best performance in may since 2012. this is relative to some of the other asset classes. the aussie and the yen are the biggest casualties to dollar strength. we are going to pick up on all of these greenback gains against the major currencies. i love the irony. except for the good old british pound. if history is anything to show itself by, selling in mae is not the trade of the day when it comes to the dollar. nejra: we are also going to talk about china. i have a chart that shows a little bit of jitters possibly. looking at csi 300 futures. we solve the stock index futures plunge. you saw the line drop for the daily limit. it snapped ba ....