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With the head of fixed income at the management you seen some stability over the last 12 months specifically since the start of 2016 when oil was very low. Middle east rates starting to get impacted, and you have the recovery as oil prices have stabilized. However, the big change and i think that is what we can talk about is middle east versus global because that is where the restoring the real story has been. Essentially you have a situation where if you would look at the spread on the jpmorgan middle east index and compare that to the fiveyear Energy Markets edx spread yousef we have done exactly that on the basis of your notes on the bloomberg, which compares and contrasts versus middle east credit. Tell me more about where this trend goes from here. Guest i think that is the interesting point. I think what we are going to see is probably middle east outperform global e. M. Over the next six months or so, see you are probably g ....
Well but they are not doing much for stocks. Not seeing a big decline. One would think, a b that is because it is bringing forward when the fed might raise rates but we are not seeing bond yields rise or the u. S. Dollar. Take a look at the bloomberg map. We have Energy Shares trading higher, Consumer Staples lower. A Diverse Group of groups doing poorly today although it seems like there is a little bit of a rotation out of the defensives. Within the Consumer Staples, have kraft heinz pulling back today. It does not look like a specific catalyst that is driving them lower. In terms of the dow loggers we have cocacola and then we have been talking a lot about the home depot. They said the First Quarter would l ....
A very good morning to you and a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost along with dee. Lets get straight to the Market Action and bring you up to speed. Yesterday, we saw the dow slip about. 5 , but it just hung on to gains for the month of may, gains for the s p over 1 for may and for the nasdaq, over 3 . The tech sector was the best performance and today, giving up a bit of that positivity. The dow currently lower by five or six points. Were looking at the tenyear note this morning. Lets have a look at that yield. Were looking at a 1. 83 had . So down a lot bit over the last 24 hours. A little bit of bond buying. Wilfred, it is already up. Just talking about this before the show started, but pinch and a punch for the first day of the month. That is a phrase ive not heard had over here. I like it. A pinch and a punch for the first day of the month. ....
Cameron called for unity. Pm cameron i would like to reclaim a mantle we should have never lost, a mantle of one nation, one United Kingdom. That is how i will govern if i unfortunate fortunate enough to hold a government in the coming days. Olivia it was a crushing defeat for labor leader ed miliband and raises questions about his political future. The Scottish National party won 56 of the 59 seats in scotland almost shutting out the other two major parties. We will know in 2. 5 hours from now whether marchs disappointing jobs report was more than a onetime event. Job figures at 8 30 a. M. Eastern time this morning. 235,000 jobs were raised and the jobless rate fell. 1 to 5. 4 . In march, employers hired the fewest workers in 15 months. President obama is in Portland Oregon today where he will push for the asian tra ....