1% when it went on the lunch break. good things coming out of australia led by the health care stocks and the 10 year bond yield going to a 10 year low. and gains coming through for the u.s. dollar, that is putting pressure on some of those asian market currencies. i will have more on the market, shortly. angie: thank you. uber s story this hour, chinese rival could be considering an ipo as soon as next year. wow. this is coming on the heels of them raising more than $1 billion from apple in bringing the total amount of the fundraising to $3 billion and with a valuation of about $26 billion. angie: what does it mean for over uber? they said that they want to hold off the ipo as long as possible, so that means that didi could raise ahead of them, so they are avoiding raising from the same investors at the same time. and there are other services in the pipeline also want to ipo will potentially lyft. and in terms of fundraising, what the sources said, is the reason they h
bloomberg s european and quarters in london. first we have to get to the markets. this is your board. downsidelittle bit of pressure on these european stocks, down some 0.4%. exchanges in austria, germany, denmark, norway, are closed for a bank holiday. this is a picture for the asia-pacific index. we had some earnings that came in a little light of forecasts. overall, the rebounded. , japanesew japan falling, commodity prices rallying, with crude at $40 $.85. let s get to the bloomberg first word news with nejra cehic. nejra: norway s $850 billion wealth fund will seek to join a class-action suit in germany against volkswagen following the emissions cheating scandal. vw andd owns 1.64% in said it is acting to safeguard its holding in the carmaker. may delayaway increase untile later in the year according to pimco s head of portfolio management for emerging asia. that comes as britain s biggest s news lobby group cut its forecast for the u.k. economy, saying the eu referen
i m francine lacqua. it is an extremely busy day. let s get straight to the markets. we have the fomc meeting yesterday. the fallout from that and the fact that investors had to read price their expectations of a possible fed increase in june. a lot of the immersion marking currencies emerging-market currencies are down. 0.6%. down travelf the focus is on stocks. a lot of the airlines the stocks are going down. news,we had that terrible egypt deploying naval ships to search for this egypt airbus. they went missing overnight. we have news that it may have crashed near one of the islands in greece. this has not been confirmed. highlymeantime, i suggest if you are a bloomberg . go to live gordha this is our up-to-the-minute blog. there is a press coverage an hour and a half from now. we keeping up-to-date with the and the crisis meeting that france is having. nejra: the missing egypt air flight from paris to cairo reportedly crashed in egyptian airspace. a-320 came down ther
big-time gambler. markets close in about two hours, and stocks are down but off their lows. another day of weakness across the board. we re talking about all sectors. on concerns the fed will height hike rates next month. concerns they will be more pressure on an already sluggish global economy. we are now seeing the dow jones come down .7%. the s&p 500 down .6%. the s&p has been in the negative all day today. .t has not been doing great at one point, it was down more than 1%. it has pulled back some of its earlier losses. i want to take you through some of the individual sectors, and you can see that financials and the tech sector are now down today, but after the rally we saw yesterday, remember, the only point since 2000 nine did we see bankshares gain as much as they did yesterday, just outperforming the broader gauge, but today, coming down from those highs, down more than 1% there, but if you look at consumer staples, it is staying in positive territory, and all of th
stronger dollar story. people are still going shopping in the u.k. retail sales numbers really strong in the u.k. yields up by around two basis points. much more on that in just a moment. most the yields rose the it almost a year. abn egypt air an egyptair flight has gone missing over the mediterranean sea. we have the latest with riad hamade in dubai. please tell us what we know at this point about this egyptair flight. unfortunately, we know very little. it took off from paris, disappeared around 2:30 a.m. egypt time from the radar. airbus 320. is an it was given to egyptair in 2003. it is not a very old airplane. the pilots were very experienced. right now, the militaries of egypt and greece are searching forn any debris. david: we ve heard president that no causeris has been ruled out. was it at cruising altitude and what was the weather like? riad: as far as we know, the weather was good. this is from the air traffic controllers. it was at cruising altitude come a sudd
his last august public statement. welcome to the pulse. live from europe s bloombergs european headquarters. i m mark barton. francine will be bringing you an jesusive with just daily staley. we got a big show lined up for you today. less than a month until the u.k. votes on the membership, we will bring you to top names on the opposite sides for the defense secretary, liam fox takes on the founder and chairman of finsbury pr, roland rudd. that will be in a half hour here on the pulse. let s check in on the markets. stocks are rising continuing a trend that started last monday. it gains one day and losses the next. stoxx europe 600 up by .6%. the dollar is up against the yen today. interesting comments he said a two day move of five yen would be considered one way lopsided giving an indication what it would take for the boj to intervene for the first time since 2011. in the commodity market, brent crude is down for the fifth consecutive day. that is the longest st
so, we are now just less than 30 minutes ahead of the european equity market open. matt, it looks like after this rally that we have seen with $50 a barrel achieved on brent. we are headed for a fairly flat story. i am looking at the ftse futures and they are beginning to firm the calculations around .1%. other markets a little softer but nevertheless after such a decent rally, you would expect maybe a little bit of a paul s for breath. a little bit of a pause for breath. matt: the nikkei was up yesterday. we re looking at a change in asian markets. to again,csi turning it had been down .5%. rally not unusual in china. brent crude is not what is what you want to be looking at today. you have wti up as well. really crossing through that threshold, that big round number is a big deal for oil. the yen, there was a huge spike overnight. it has come back a little bit. one of 9.76. the yen stronger 109.76. the yen stronger. billion: matt, the 2.9 just $2.9 billion hedge fund
that. let s head to the markets desk. have the three major averages trading slightly lower. this includes the dow, the s&p 500 and the nasdaq. the best sectors are energy, consumer staples and consumer discretionary as for the consumer being back today, relatively to the consumer staples sector, we have cost go cosco up on stronger levels. again, it appears that the consumer is back today, at least in some areas. well-knownook at two stocks trading higher, netflix and time warner. both in the news and the financial times. the financial times says apple may be looking to buy a media company. a top apple executive has broached the idea of buying time warner. the owner of cnn and warner bros. netflix may be the better fit but we have shares of apple trading down. the company may be looking to diversify away from the phone business. vonnie: we have natural resources also making news. abigail: we do. we have a rally in the natural resources, starting with energy. wti crude is
materials worst, and oil reaching a $50 benchmark. alix: look at the volume, it is down 14% for this time of day. clearly lighter volume in the holiday weekend. we have janet yellen speaking tomorrow. ,hey will make strong positions but i don t know what she will say about june. scarlet: if they are here. reporter: card you know what will win out. you have memorial day. alix: so what are you watching? reporter: we have a little bit of a reversal on what we are working in the mention of a rally in the past week or so. we look at financials, not to get the same point over and over, but we have a reversal with that trade. financials have been doing well, today is the opposite. perhaps a little bit of language from speakers that june is not 100%. and he wasn t had an interesting move in the nasdaq, stocks read driving higher, in particular dollar names, dollar general, dollar t dollar tree. the nasdaq was up a little better than the rest of the market, which reduction in closin
breaking news from south korea, industrial production falling 1.3% in april it estimates were for 0.3%. industrial productions down 2.8% for the year. more than expected following the 1.5 percent in april. we will see how that impacts markets at the open. let s check in on the asia-pacific markets. to new zealand we go, climbing 1/5 of 1% higher. 66 u.s. cents. u.s. stocks were close on monday for memorial day. we are also counted on to the opening in other asia-pacific countries. australia futures pointing to a flat the australian dollar is at $.71 u.s. japan pointing to a lower open this morning as we see a slightly stronger yen in play. jobless figures are due out later this hour. continues to be dominated by the prospect of the u.s. interest rate hike, which could come as soon as june. emerging-market currencies on track for the worst month since august. gold falling for the ninth straight day, longest losing run in one year. we will have a market moving him, today, stay