moments ago we had uk inflation data.he cpi reading came in at 2.3% for the second month in a row. february and march above the bank of england's forecast at 2%, raising questions for what that means about monetary policy moving forward. those rtd euroare the european board. >> as for broader markets, across various asset classes, let's look at the price of oil, which last week had a very strong week to the upside. that's why we saw energy stocks outperform. you can see wti crude reversing those gains, down about 0.3%. ice brent crude, the international gauge of oil at 55.84. nat gassying gre iseeing green. and the dollar will be a focus for earnings season. will the stronger dollar at all impact some of the multinationals. we've seen the dollar come off the highs as of late. so maybe that's a benefit to names like walmart and apple that do so much business overseas. you can see the yen higher against the u.s. dollar by 0.2%. the pound, in response to that inflation data, holding ground at 1.24 against the u.s. dollar. >>

inflation data in the uk has been strong as well as economic data resilient. >> the euro jump in the st hour is on eurozone inflation data, which came in better than expected. annual rate of 1.9%. consensus, 1.8. yesterday mario draghi slightly hawkish comments came in terms of general down side risks to the economy softening, his dovish comments came on inflation. but inflation this morning leading to euro's jump to back near the highs of the week. >>> as for gold prices, they are on the move higher. taking their cue from the weaker dollar. up this morning, they've given back some gains. a little more than 0.1%. >>> shares of amazon popping this morning following a blowout quarter. landon dowdy has the details for us. >> good morning. amazon's amazing dominance continues. shares of the company up about 4% in early trading this morning on a better than expect eed fir quarter. margins were better than expected despite a steep ramp up on content, fulfillment and prime minister. first quarter was up. q2 profit is light, but that's likely to get a pass. investors shrugging off concerns. a

inflation data for the uk for the month of march. we're looking at a bit of cooling in areas. holding steady in general in march and set to gather steam in april is the main message. producer output prices, 0.4% month on month, plus 3.6% year on year. by in large, outperforming the poll of 3.3% that had been anticipated. core producer prices, plus 2.5% on the year, which was bang in line with what had been expected. input prices, 0.4% month on month. that's higher than the targeted 17% that people had been looking for. basically seeing producer price inflation falling by less than expected to 3.6% for the month of march and holding relatively steady. the largest upward pressure on cpi from food, alcohol, tobacco offset by airfares on the easter effect and fuel. february house prices, 5. % on the year versus 5.3% in january. so also seeing quite a significant rise there. for london, february 3.7%, the lowest increase in london since april of 2012. still that slowing in london happening. we had been expecting cooling. that came in stronger. >> a bit stronger at 2.3. we're seeing

consumer demands falling against the backdrop of rising inflation, that the uk is dealing with, according to reuters coming from the manufacturing datapmi data. we have seen a bit of a reaction in sterling off by 1.25 percentage point. 125.14. when it comes to european equity markets slidingly mixed. dax holding on to bitter green out there. and the ftse seeing slight losses. we're looking at futures where we're setting ourselves up for trade, five hours from now, the u.s. markets opening being called a little higher. this week, we got payroll data once again on friday. and trump meeting his chinese counterpart xi jinping on thursday and friday as well. so a political perspective is, it's going to be an important week as well. >>> united kingdom is, quote, steadfast in the british enclave gibraltar according to prime minister theresa may. in a phone call to the cabinet minister says that the uk would, quote, never enter into a process of sovereignty negotiations with which gibraltar is not content. this comes after the european union offered its veto rights to spain regarding its relationship to gibralter and the bloc granting power

french inflation data is weaker than expected with earlier the gdp estimate for the country also coming in lightme melight. german retail says light. the uk first quarter preliminary report, 0.3% quarter-on-quarter, expectations were for 0.4%. i have stellar guests this morning. your last chance to write in to me. jeffrey yu from ubs. welcome. we've got steven sayer. welcome to you as well. >> thank you. >> alex gunds, fund manager. and phillip shaw from investec. i share many, many years with all of you. steven -- or phillip, you were one of my first guests. >> indeed. a while ago now. >> yes. >> what do you think of the economic data at the moment? >> encouraging on the whole. particularly in the eurozone. the recovery is becoming more entrenched. as draghi said yesterday, there's downside risks. we wouldn't take that much notice of the survey data. they seem to be running ahead of the official data, but encouraging nonetheless. uk-wise, we had the q1 gdp number this morning. slightly disappointing. but the main point, yes, we are going through a slowdown. that is leakly to be because of the slowdown in consumer spending growth because