Ready to meet to discuss their demands on doha. Good morning, everyone weve got a lot of data to get through. Lets kick things off with the Eurozone Services pmi, that came in at 55. 4 versus a forecast of 54. 7 the may number that was 56. 3, so were seeing a bit of a weakening, but again it is still above forecast when it comes to the may composite sorry, june number, 56. 3 thats higher than forecast. Overall the momentum is still relatively strong. Lets see whether momentum is still going strong in the uk car registration sector. Its not down 4. 8 yearonyear in june to 243,454 units thats according to the smmt and that follows a drop of 8. 5 when it comes to the may print. Once again uk new car registrations down 4. 8 yearonyear in june lets get instant reaction with ant edenhall do these numbers strurprise you after the numbers leading up to the german ele election . We expected car sales to be down this year consumer uncertainty is pretty High Consumer confidence is high. So you wo
Worldwide exchange begins right now. Good morning welcome to Worldwide Exchange on cnbc. Im sara eisen im dominic chu in for wilfred frost. Welcome good to be here. He made it through his bike ride he did. The pictures are on instagram. Congratulations. Success it looked really hard. It did. You have to be in shape to get through Something Like that. He trained a lot. Hard core training of new jersey there you go. He made it to monaco. Lets check in on the global markets. U. S. Equity futures starting off after a holiday closed day yesterday and a half day of trading on monday. Dow futures up about 15 points s p futures down and nasdaq futures are under some selling pressure this morning, down 21 tech underperforming even though we got a big rally on monday during that half day of trading. Well talk about that in a moment tenyear treasury note yield, higher higher yields last week. Higher yields on monday. Thats the dominated theme theyre going higher again this morning. Watch this car
By a fraction of a percent crude oil, this is the one weve been watching very, very closely. We have wti down by 1. 6 brent it down by 1. 5 . This is quite a rebound from the lows back in june. We are up by 12 from june 21st lows so staggering move in just a short amount of time weird. Weird to see the dow so strong and the nasdaq so weak thats been happening more the nasdaq had been stronger on a relative basis then the rotation happened. I dont know what it means. Maybe its healthy this is scary and not healthy. Maybe the meeting is good, but the reason for it frightening. The u. S. Requesting an emergency u. N. Security Council Meeting today after north korea tested an Intercontinental Ballistic Missile. The missile could put all of alaska, so mainland i dont know if you call that mainland, but pretty close late yesterday the u. S. Military said u. S. And south korean troops fired missiles into the waters off south korea in a show of force back that way apparently it can reenter the
Italys leader is handed a new list of things to do. And tracing the dots. Sent. S. 10 year yield is to its highest level in more than two years. What does this mean for the other Asset Classes . We will ask aberdeens head of commercial property. Matt we are less than 30 minutes away from the european open and you can expect to see a lot of action this morning because of that oil srurge. Futures are trading up across the board. We are looking at gains for the ftse, 1 . For the cac, almost. 3 . The dax is gaining as well. Pointing to a positive this morning as oil is expected to produce. They are big heavy components of these indexes. Guy lets see how london opens on the back of what you are talking about. This is the gmm function. Wti crude, it is a big and aggressive move in the commodity space. Brent is up by 4. 45 . We can see some decent sized moves coming through into the energy staes. We are seeing what is going on in the bond market. Look at what is happening with the french 30 y
The president elect renegotiates. Peter navarro will head the National Trade council. Matt that will be interesting indeed. A lot to talk about today as far as politics. We will take a look at what the equities markets have in store for us. Features here show a lower open across the board for European Markets after u. S. Stocks failed to rally yesterday. That 20,000 market on the dow seems elusive. As is my jacket which i am looking forward to. Matt will make jackets for those who have not tuned in the week. Lets talk about what is going on in the markets. This was franc is up and some European Markets are doing better. The euro app against is up against the u. S. Dollar. Are seeing a lot of turbulence in these markets, a lot of speculative money coming in and out. 4. 2 . Nal down by we will talk a little bit about this market later on as we head toward the end of the program. Lets get caught up on what we need to know. Juliette thank you. Japan has approved a record 825 billion dollar