kathleen brooks there at xtb.e mumbai stock exchange today in what is india's biggest—ever market listing. it could value the south korean car maker's indian unit at $19 billion. hyundai is looking to cash in on india's booming stock market and fast growing car sales. our india business reporter archa shukla has been following the day's trading in mumbai. how is it looking right now? the markets have just closed and it has not been a great day for hyundai. it saw a muted listing, it closed 6.69% lower as against its issue price. this was kind of expected, looking at how the book was subscribed. two full subscriptions by institutional investors, but retail investors have stayed away. most of the investors have been wary of the expense of valuations of the issue price for hyundai shares in india, and also not certain that it will be able to make money on this expensive listing in the indian market for the moment. but overall, it has been a very significant ipo. the first for the korean car—maker outside of its home

let's speak now to kathleen brooks, research director at xtb. great to see you.ur take on the price of oil the moment?— moment? it's in a really interesting _ moment? it's in a really interesting position, - moment? it's in a really. interesting position, higher than its average price over the last five years, understandably. today we saw that big kneejerk reaction once the european markets opened. 0f the european markets opened. of course it is a very poignant day and the anniversary is a reminder of how long this conflict has dragged on and how we are at a new phase now. i think what we're seeing is a middle east geopolitical premium added to oil. that wasn't necessarily added in the last year. most of the last six months, oil prices have been in decline because of fears about oversupply, too much oil in the market. actually 0pec will come backin market. actually 0pec will come back in december to increase production so there will be more oilflowing in. i think these middle east geopolitical fears, as the tension between israel and iran has escalated, the threa

i'm joined by kathleen brooks, research director at xtb. in general, but how is it shifting the market's expectations as to when the bank of england win next at interest rates?

i'm joined by kathleen brooks, research director at xtb.athleen, it does still show that wages are growing much faster than prices in general, but how is it shifting the market's expectations as to when the bank of england win next at interest rates?- next at interest rates? there is an slight — next at interest rates? there is an slight increase - next at interest rates? there is an slight increase in - next at interest rates? there is an slight increase in the i is an slight increase in the chart is a rock at next month in november but there was priced in already. we have seen a big drop in inflation and we are expecting to see inflation for them —— below the bank of england's target of 2%. i think this is where we are symbolic and is showing that this is inflation trend is that —— persisting. it is not all bad news for consumers and for us with our money in our wallets. a real pay growth is holding up pretty well. a real pay growth is holding up pretty well-— a real pay growth is holding up pretty well. some are out there are forecasting

kathleen brooks is research director at xtb.chance of— there is a slight increase in the chance of a _ there is a slight increase in the chance of a cut - there is a slight increase in the chance of a cut next - there is a slight increase in - the chance of a cut next month in november— the chance of a cut next month in november but _ the chance of a cut next month in november but that - the chance of a cut next month in november but that was - the chance of a cut next month. in november but that was pretty much _ in november but that was pretty much prized _ in november but that was pretty much prized in _ in november but that was pretty much prized in already— in november but that was pretty much prized in already because i much prized in already because we have — much prized in already because we have seen— much prized in already because we have seen that _ much prized in already because we have seen that big - much prized in already because we have seen that big drop - much prized in already because we have seen that big dro