Like it is getting down through thursday lows. We are seeing pressure. I love covering the markets. Europe is a snooze fest from an equity market point of view. There is nothing happening. Light volumes. Market trapped in a tight rein from an equity point of view curate we are going nowhere in a hurry. The Energy Sector is reasonably well bid but not spectacularly. The euro is back towards the middle of its risk range. Brent catching a bigger bed. We have the opec note coming out later this week. Reports worth paying attention to. Overnight, we do not see much out of china. You are seeing a little bit in terms of the nasdaq. Alix yes. That is a good point. He saw mike wilsons note at morgan stanley. He came out in the note last week talking about it was a pull forward of demand for tech where sustained acceleration. If there is a pull forward, how much earnings estimates increase can you see in 2021 . You also wonder moving into cyclicals, may be moving into cyclicals and out of the gr
10 year. Crude now below 30. And not emphasize enough how much pain that will be causing to producers. To get a sense of where we are in the market, if you switch of the board, you can see some of the heavy hitters within the market, like apple and microsoft, down 10 , 11 . Also seeing bank of america off by 16 . The index which tracks the s p is down by almost 10 . Again, a world of hurt within the next two and half hours. We have some breaking news. The boe is pledging further prompt action when needed. No specifics on that, but they are pledging action as needed. We will bring you anything, any information as they come out. They said the dollar move to combat is there. This is governor bailey. Time now for global exchange, where we bring you todays market moving news from all around the world. From new york to washington, brussels and beijing come our bloomberg voices are on the ground with all of this mornings top stories. The Federal Reserve swept into action yesterday, cutting it
the former conservative cabinet secretaryjustine greening, the is chief political commentator paul waugh and the republican political analyst doug heye. good evening, welcome to the programme. by the 5th september we will know who is to become the next prime minister of the united kingdom. currently, we have 11 candidates, the hope is that by next week, 11 will become two. in the last hour, the 1922 committee of conservative backbenchers has set out the rules by which they will eliminate candidates. here is the chair of that committee sir graham brady. we tried to find a balance where we are not making it impossibly difficult for serious candidates to enter the contest but we don t want to have a cast of thousands of people who don t really have great prospects of progressing in the election. so the first round will be held on wednesday, by which time candidates will require the support of 20 mps. a second on thursday, in which they will need the support of 30. another round
there s always talk about it being so unpolitical but ijust don t see how it is. tonight with the context, lord bilimoria president of the confederation of british industry and founder of cobra beer and ron christie former senior advisor to president george w bush. welcome to the programme. after weeks of dicussions, eu leaders have agreed on a partial embargo of russian oil imports. the plan is expected to affect up to 90% of russian oil imports by the end of the year. it will only affect oil that arrives by sea that s around two thirds of imports. but not pipeline oil, following strong opposition from hungary. first, this is the eu s foreign policy chief. we were in versaille bursae a few weeks ago, not many observers would ve thought it would ve been possible for us only in a few weeks to take such a concrete and historic decision. we have decided to sanction russia by banning russian oil, this is extremely important and we will succeed in the following months to i
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