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Markets let's go live to London where we're joined by Alastair McCain market analyst for IG -- these tensions in Egypt are setting the price of crude.
Above 100 dollars a barrel for the first time since September of last year what happens if this continues.
-- they've been in the doldrums I -- said demand really has been pretty weak globally.
Which is -- CEO oil prices be a little bit stagnated and drift -- out.
Fans it's been quite frankly some time since there's been one any issues with any of -- at a major oil producing regions that -- that country's.
In the drive so I guess that's how to tighten up the markets a little bit.
And they become a little bit thin as well as far as -- -- -- -- I guess that's part of the reason why we're seeing such dramatic makes.
There's also political turmoil in Portugal of the reports suggesting that two more government ministers will resign there after the foreign minister stepped down.
On Monday -- let's get a new crisis in Europe.
Yet it's definitely seems to be -- and I'd say this is the focus as far as European trade as a consent rather than.
The -- prices have very much the bond market again in the sovereign debt yields for -- ten year is sovereign debts.
Portuguese debt was above 8% in early trading this morning it's drifted back down.
-- -- of that sort of seven and a quarter percent but still -- pretty high above the 7% danger level as far as.
Makes markets -- would be concerned I think the problem here of course is this any so much austerity that a country can take before rather -- politicians say in power.
Come under so much pressure really from from the the voting electorate.
That they had they they really have issues on the hands and that's pretty much where Portugal stands at this points -- the real problem as well because.
Portugal was typing back in in and the last 612 months they -- -- may be.
In 2014 may be able to come back to the bond markets themselves rather than relying on the -- 78 billion Euro bailout.
Man and sought to look at the bond markets again and unfortunately that -- set like a forlorn hope at this point in time.
And that's -- -- it IG in -- we appreciate it Alison thanks.
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