from the FT in London here's the latest
on markets it's all about oil today with
the OPEC meeting getting underway right
now the black stuff is shooting higher
with the arriving delegates signaling a
high degree of confidence that a deal to
cut output can be reached iran says it's
optimistic Saudi says it's getting close
to a deal but this is OPEC and the day
is young find yourself a nice big pinch
of salt if they don't come to a deal a
decline further below fifty dollars per
barrel for brent seems inevitable but
for now oil oily currencies and oily
stocks are all performing well the days
of the big markets news comes from the
Bank of England which has put UK banks
through their paces in a fresh round of
stress tests state-backed RBS failed
prompting the need for a new plan to
bolster capital by at least 2 billion
pounds while Standard Chartered and
Barclays also struggled biwi governor
Mark Carney said that US politics rising
bond yields and the risk of a bumpy
brexit are all intensifying risks to UK
financial stability be warned in
response after a slow start shares in
RBS down four percent