Morning, still below 2. 5 . As for europe, so much discussion over the weekend with what is happening in portugal. Markets responding generally positively that portugal will use some of the leftover rescue funds to try to recapitalize a new bank there and were seeing some credit spreads on the back of that as well. Half an hour away from the market open. Lets begin with the road map today. We take a look at markets with u. S. Futures looking for a comeback, International Tensions temper positive earnings news. Investors continually reinterpret the current take on its consumer. And in an interview with the economist, president obama telling ceos they should quit complaining. So before we get to all of that, lets start here with the market, according to a higher open, selloff with the worst s p since june 21st, in fact. Data showing growth in china sector but the shanghai market is at an eightmonth high overnight. So jim, are you bidding up portuguese paper here . So many things went wro
Gdp a lot stronger than expected. A surprise drop in consumer confidence. What will we see for durable goods . What will we see in terms of jobless claims . Keep an eye on the ftse because figures will come out. Lets look at oil. Oil has moved significantly. Down 2 . Ck, we are at 78 24. At are we trading that blow the moment . It is because many that a low at why are we trading so low at the moment . Ryan chilcote managing to color the ceo. It seems russia does not mind if this price becomes 60. They say they can handle it. We have saudi arabia adding its voice, saying they dont see a need to cut reduction with them or the United States. All of this putting so much pressure on the oil price. Lets have a look at what it is doing to oil stocks. Could that be sending some oil related stocks lower on the back of oil prices. Similar move that the french oil maker total. Keep in mind also some concerns a trialing potentially in france. Claims of corruption related to iranian contracts. Bp t