Behind one of britians first healthy supermarkets. And with Brexit Theresa may heading to brussels next week to try and break the brexit deadlock well have a special report from the irish border on one of the key sticking points. Wed love to hear your views on the stories we cover today. Get in touch by twitter just use the hashtag bbcbizlive. The price of oil matters. Thats because it drives so much of the World Economy whether its used for transport people and goods or heating our homes and workplaces. And its why the focus is on vienna today because thats where the oil wm that deal is due to expire at the end of march. But there are signs of a split. Russia is happy with oil at 40 a barrel some of its oil bosses have been questioning why cuts should continue now prices have recovered. But the saudis need much higher prices to balance their economy they want oil at 60. Meanwhile the continuing recovery of the Global Economy has helped cut stockpiles. In september they fell to just un
Anna a very good morning, everybody. This is bloomberg daybreak europe. Lets talk about what happened with the Technology Universe and tech stock and into the asia session. Msci asia down, mixed trading but the overall sentiment is one that is negative as some of the Technology Stocks weakness we saw in the u. S. Falling through into the asian session. Fascinating to look at how the session developed yesterday. The markets inching higher early in the day, talk from janet yellen of broadbased growth and then tax cuts coming, lets sell some of those Technology Stocks. That seemed to be the realization that was going on in the market. I know you have more on that. More than 7 billion being lost by tech moguls. Nasdaq futures look to be flat at the moment. Well keep an eye on that for any followthrough. The pound is up a little bit, around. 5 . Talked about this in the program, on expectations that we could see a rate hike sooner than the market might of anticipated. The ftse was down the
Probe makingrussia itself felt across the world. Have a look at gold. This is chart 6129. Fridayback into gold when the news came out that thatel flynn will testify President Donald Trump instructed him to reach out to the russians. We are under 30 minutes away from the open. Lets find out more from sophie. Could berustrating , today looking like. Afternoon,ndia this but looking at the moves in singapore, taipei, lets take a look at the open. A fairly mixed a session so far. For singapore, but some pressure for stocks. I want to show you this chart. This is one of the big moves so far this morning. Chart 6173, tax concerns outweighing the Michael Flynn drama. The 10 year treasury yield is climbing up of 2. 4 this morning. Even as the dollar is rising, we are seeing bearish dollar positions rising again despite the positive economic actual for the united states. Holding a the kospi threeday drop with the korean won under pressure. ,his is the yen is slipping 112. 78, and the aussie unde
Year. They see it as an ideal retail combination. Happy new year to you, elon. Speaking of speculation, we had a wanted for the Market Participants saying that speculation will likely cause a correction this year. One comment he made in his surprises for 2018, he said the u. S. Economy lets pull this up, the u. S. Economy has a better you than 2017 with speculation reaching an extreme. All i can do is look at the chart here, g btv 1241 showing closing for nine months straight, that hasnt happened since 1950, it makes you think where we make history again with something unprecedented . You might sound scary but have to wonder how tax reform will play into it, how much has really been priced in, the big russian is this 2018 going to continue giving the sequel that we saw for bull markets that we saw last year as well, given the fact that the returns were quite incredible, it will be really hard to maintain that for the rest of the year. Indeed, it will be very difficult, just really quic
We are about 30 minutes out from the open in china and hong kong. Very interesting couple of days to come. We are keenly watching the u. S. Inflation report. Disappoints if cpi to a market that has been awkwardly repricing. Were also passing these comments from jay powell is saying that nothing has changed. Also a reminder, the last trading day for mainland markets before they shut down for the oneweek holiday. The last trading day of the year of the rooster. A modest recovery story playing out a link the lead from wall street. David, it is a busy day in terms of investors passing the data. David there is a lot of data coming through. As you alluded to, there is an Inflation Report that we are stuck between that. We are waiting to exhale or to gasp. Yes, you are getting gains but they are capped. Across the getting likes of gold, the dollar is back below one. 08. 1. 08. That is essentially a picture across the region. Little higher on the regional benchmark. We have malaysia gdp still