of oil. whatever happens on this scenario we ll see higher rather than lower price? i think in the near term as we see pressure mount on iran, if the eu follows through on sanctions, i think this will result in the short term of increased oil prices, just given the risks of that disruption of supply. significant, could you put a number on it? i think it s difficult to put a number on it. in the short term i could see oil testing over $120, $125 a barrel. brent? yes, brent, those kinds of number. like we saw in 2011, of course, with libya, this is the point at which the marginal consumer in the u.s. starts to get squeezed out, starting driving less and it begins to impact the global economy. it s a tipping point, isn t it? yes. charles? japan s prime minister want tos double the sales tax from 5%
country. that follows a similar ruling in a french court last month. now looking at the big picture, south korea s weaker wan has benefited samsung. today, samsung s share price, however, fell by about 1.5%. but this is because of profit-taking. investors had actually already been expecting this good news out from samsung and that was already priced in. andrew? ramy, thanks very much for that. charles? now, on wall street, two of the big three u.s. stock markets are set to open slightly higher this friday. here is where we are at the moment. the s&p 500 tiptoeing down in terms of the future, very slightly. but gains of a fraction of a percent there foreseen both for the dow and nasdaq futures. again, i think what may work very well be encouraging numbers on the u.s. jobs market already in the price. now, move over compact city
by royalty disputes and the death of a producer, as well as other things. now it s a huge success. this is how much it took in at the box office last week, $2.9 million, a one-week record for a broadway show. speaking of shows in new york, let s have a look at the shows in europe, perhaps. stock market action in europe, where trading has been under way for 90 minutes, we are seeing a little bit of a bounce for some of these indices after a bruising couple of sessions particularly for indices like the paris cac currant. that is making back a bit of the ground it lost over the past two. the dax up by 0.3%. zurich, scant games, a fraction of a percent for the london ftse, andrew. not so much of a bounce in asia pacific, charles. the weekending with a lot of bang, not a lot of bang, rather a whimper. the key markets ended like this, nikkei down 1%, not being helped
caution has crept in before the week is out. european markets are marginally out, asian markets are marginally down. futures are flat. the predicted number of new jobs is around about 150,000. many say that is better but charles still not good enough. no. i think that s very much going to be what is dominating investor thought really all way around the globe. we are seeing this slight rebound here in europe. there was a bit of a sell-off, i think perhaps in anticipation of a strong nonfarm payroll. maybe as many as 90,000 jobs being created. that s the whisper number on wall street. as that number goes down to more than 150,000, which seems to be the consensus, there s less prospect of u.s. interest rates being moved up soon and perhaps there s pressure on the euro. there is a lot of worry out here behind all of this. we re still worrying about banks. .only credit rights issue a couple of days ago is still being talked about in the markets because there s a big worry about
india, ford s allen moulally. caution has crept in before the week is out. european markets are marginally out, asian markets are marginally down. futures are flat. the predicted number of new jobs is around about 150,000. many say that is better but charles still not good enough. no. i think that s very much going to be what is dominating investor thought really all way around the globe. we are seeing this slight rebound here in europe. there was a bit of a sell-off, i think perhaps in anticipation of a strong nonfarm payroll. maybe as many as 90,000 jobs being created. that s the whisper number on wall street. as that number goes down to more than 150,000, which seems to be the consensus, there s less prospect of u.s. interest rates being moved up soon and perhaps there s pressure on the euro. there is a lot of worry out here behind all of this. we re still worrying about banks. .only credit rights issue a couple of days ago is still being talked about in the markets be