It is bloomberg daybreak europe. Our flagship morning show here in london. I am mannus cranny. And i am matt miller ahead of this fourday weekend we have coming up here. Four day weekend. I can actually smell it. It is in the air. There are less and less people this morning. But there is a whiff of fear in the markets. Lets have a look. 7767, two things coalescing together. The vehicles up 27 . There is a little bit of unease in the equity mark. No doubt about it what you are seeing is the j. G. B. The yen has behaved classically this week in many dimensions as the u. S. Russian relations hit an alltime low. North korea getting ready for something big. Could that be another nuclear test . Nd the pan risk is rising. The japanese Government Bond is back in positive territory. Matt, we are back. We are careering back towards zero percent, a level we arent seen since november of last year there. Is a lot of manifestation in the risk radar, doesnt there . Yes. Let me start with the dollar b
David go irish. Go. Hanie there you a little housekeeping on tv. Lets go to vonnie quinn with first word news. Ted cruz has taken a doubledigit lead in iowa, where the first Republican Caucus will be held february 1. A poll says that he leads donald to 21 . 31 to 21 . In the area of voters without a College Degree. A statement out today indicates that this is not a final conclusion of investigators in a downed crash in a downed plane. Concern that the crash was caused by terrorism led to the evacuation of thousands of tourists from egypt. And 18 nations will try to speed up the pace of Emissions Reductions under the new Climate Change deal. They have developed International Carbon markets. Among those taking part, the u. S. , germany and japan. China lands to create the Worlds Largest Carbon Market by 2017. More on these and other breaking stories on a four hours today at the new bloomberg. Com. Ramy inocencio has more on the markets. Ramy u. S. Futures are mixed. The dow as what at on
I am alix steel. Have you done the bucket challenge . I have not. I would not mind donating money. I do not see myself doing the bucket challenge. I challenge you. You are like the seventh person and i am still not going to do it. Going to existing home sales for the month of july. Scarlet fu in the newsroom with headlines. For the month of july economist looking for a drop. Instead what we got was an unexpected increase month over month. Existing sales rose 2. 4 from a month ago. In terms of an actual number, 5. 1 5 million, higher than what economists had been looking for. I was told 5. 1 five millions the highest level since october. Some good news on the housing front. We know the Federal Reserve had been siding housing and weakness, but concern is the slowdown as you look at the rotter economy. Another index is the leading index of Economic Indicators higher than anticipated as well. Again of. 9 . A gain of. 9 . Falling more than anticipated to below 300,000, a sevenyear low and e
Vote. Reports suggest cyber monday in the u. S. , sales hit a new record, clipping 2 billion for the first time. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello. Welcome to todays program. Were just over an hour into the trading session here in europe. We are down once again. Decliners being outpaced by advancers by a ratio of around about 7 to the on the Dow Jones Stoxx 600. The if it is ft. Yesterday was down from 55 points. You can see at the moment, down 0. 3 . Take a look at where we stand on some of the individual sectors, as well. No sectors at the moment in positive territory. Basic resources once again. Its been a year of underperformance for the resource sector. Spot gold, bouncing off after hitting near those fivemonth lows at 1222. Copper is a little lower. The spread between west texas and brent now getting ever wider. There seems to be more u. S. Supply coming on board. The question is whether the weakness in the u. S.
Highlights from the world cup itself, and find out why these dutch fans are doing this. Theyre doing a great job and were going to beat australia, thats for sure. Hello. The latest reports from iraq say sunni insurgents have gained control of large parts of the countrys Biggest Oil Refinery after launching a dual assault. Production was already shut down at the site. Foreign workers were told to leave for their own safety on tuesday after it was surrounded by rebel forces. Well, black smoke has been seen rising from the plant after a government helicopter hit a fuel storage tank and set it on fire. Well, the iraqi Prime Minister Nuri Al Maliki is due to make a televised address shortly. Joining me now is rada awawi. On this refinery, it is crucial to Oil Production within the country. Do we know what the state of play is here, who is in control of it . There are conflicting reports about this oil refinery. Like you said, this is the Biggest Oil Refinery in the country, located 250 kilo