Jan. 6 - Iran-US tensions prompt the biggest weekly rise in Brent for two months, while Austrian bond yields rise the most in more than 20 years on investor concerns about Austrian banks' exposure to Hungary.
Tensions in the gulf drive the biggest weekly -- an oil -- for almost two months. While Austria feel the heat from the drink crisis -- -- -- this is trading at twelve the market pulse. So frank should operate half of 1% today not a particularly big move and itself but the -- this week -- some 6%. I'm -- not seen since mid October lost yet. Supply disruption -- on mounting tensions between Iran and the west trumping what he's vulnerable -- economic growth. For more I'm joined on the line by goddess Lewis -- an energy -- just not be a -- -- -- -- Does a decent spike up and oil prices this week has not come on decent volume. -- him this week of trading on Tuesday has been back to normal levels. So that some -- confidence that the new it is in the they can buy it many pockets of its. The 19 December there has -- But overall increase of 11% fact. But that -- that was done in the Christmas yes you're quit quit trading -- -- but -- -- to -- -- this week. I'm -- silence fractured pricey -- just above the 200 day moving average -- -- -- on the 11275. Dollars a bottle. Where does the price go from here and you attempt to fire support holds on indeed if it breaks. If it -- the next point those would be 125. Dollars a barrel which lost achieved and April -- collector happily. Have to have confidence that among oil continues to increase. Actually if there any additional geopolitical tensions. It out of it breaking it would break down to ratify a hundred dollars or so which lost -- it'll Oprah lost here. Got to thank you very much. Well one of the big news this -- and European government bond markets husband Austria. There's signs are heavily exposed to pump -- but controversial new law's house severely undermined confidence in the government and -- them over the independence of the Central Bank. With me now is like those government bonds correspondent we'll James. Will devise an Austrian ten year yields -- because being the biggest lies and some twenty years at least. What should just telling you come to we take out the highs and yields and spreads that we saw in November last year. They certainly looks that way -- -- on track activity to take out those levels -- goes beyond and trends of -- it's tricky tricky market to trade it's not hung tough for what appeared to have these traders. I'm on your trading at that -- at the whim of Hungarian politics which is tricky putts this isn't doesn't seem to be Japanese announcements on that hunger problems. I'm so not the best -- dropped four Vienna's bond auctions next week. How will those -- go do you think. Now it says it's tricky Arab. Then all the biggest Santos just over a billion. The votes be should be cash flows from around -- should help -- -- official today to have the bombs that that this plus scope for. So -- scrip proportion result lesson. And some of that tonight -- DC and other areas of the -- zone government bond market clear and particular definitely. That will pull through the week and this kid. Expense control Amber's calling and it's been awesome bunch of revelations searches kind of taken the shot -- performance -- out of the south of sort of in a question. It's the whole market through training treading very putting our condolences because you're sitting up surfacing -- -- -- thank you very much. What was today's market pulse join me at the same time each weekday for a look at all the big market trends on numerous. I'm Jamie we give up this is Reuters.