Welcome to countdown everybody. I am live from london, this is bloomberg television. We are aware this morning that holding data is then with details of speeches have been canceled, on both sides of the Eu Referendum debate for a second day. This is of course in tribute to cox, alling of mp jo proponent for the remained camped. Markets theyll have been reacting to her killing, drawing their own conclusions about what this means for the future of the u. K. In the future within europe. Just a point out what has been happening to some of the betting odds around brexit, we have seen some of that coming down. That is as a continuation of the last couple of days mimissing te pound moving little bit higher. Radar,d be on the risk you can see how other Asset Classes have been reacting to the same news making its way into the asian equities at him. We see little bit of rally going on in equity markets this morning. A rebound as brexit risk as bing, an increase in the msci asianpacific index by
Manager at 3 00 a. M. Welcome to countdown, im anna edwards. Im manus cranny. Anna theyre sticking to their full year forecast of 1. 375 billion and given what weve heard from lufthansa about the the state of the aviation industry, perhaps that would be seen as no mean feat. They see Second Quarter fares falling at least 6 . We previously heard that ticket prices would fall 5 to 7 in the first half of fiscal 2017. So that that would have been the first two quarters. Not right out of the ballpark. Theyre cutting, theyrey cut winter capacity due to brexit. This is something we heard from another company a week or so ago. That the Eastern European focused airline would be cutting capacity to u. K. As a result. Theyre pivoting growth away from u. K. , this is what was warned about previously. They see second half fares eclining 10 to 12 . They talked about weakness in prigses. Although theyre staking with it, theres Downside Risk. Well speak to ryanairs c. F. O. Joining us at 7 00 u. K. Ti
Verbal to actual intervention . Deflation at nestle. The slowest sales growth since 2009 on sluggish price growth. Good morning. Less than half an hour till the European Equity market opens. Lets show you what is going on in terms of where the price action is and where we think we will go this morning. This is the fair value calculation 22 a half white rise. Pointing to a halfpoint rise. This line here, this column here shows you where we think the market is going to be opening. It will take you through to the gmm function. We are getting a little bit of breaking news coming through. Let me take you to that as i show you the gmm. Sampson news coming through as we can see on the screen. Closing at a record high. Let me take you back to my gmm. We have the bloomberg dollar 1 . X down by point. 4 of it does not register as being one of the top five. It is all the way down here. 83. Ese yen up through 199 it is the aussie dollar and the kiwi that are making the big moves today in terms of
Leaders back the campaign for a brexit. He thinks britain should stay within the european union. Welcome to countdown. I am manus cranny. I hope your pad a good easter break and you are ready to tackle the markets. The dollar is the rally going to last . That is the question we will posture over the next bit. This is the bloomberg dollar index. A rising street. Six days rising. Can we plugin a seventh. E are on the cops the cusp the dollar rally stutters. We will wait to see what janet yellen has to say. Will she stepped back from the hawkish voices we have heard rising over the last you days. Is personal consumption used. The probability of a rate hike for june. For june. 38 . That is down from 42 despite all of the hawkish voices that came through the markets yesterday. Let us take a look at the commodities. Barclays brings the warning bell on the markets. They warned commodities may slump as we rush to the exit. Is that youg story have seen the most aggressive inuction in short posi
Lets speak to our editor in frankfurt. Paul if there is a surprise and here, it would be the number of hedge funds the ecb executive members have been using. The list goes on. Some people may be raising an eyebrow and thinking, who gets the most set of these meetings . The ecb or the hedge funds . The concern is out there in the market. To ecb has been struggling correct the perception. Those hedge funds have been getting unfair access dating back to the inadvertent release of information back in may. They may 18, when disclosed sensitive market information. There were new guidelines issued october 6. What are the tricky guidelines balance . You want them to understand exactly what is going on out there. There needs to be some balance. They need to say the right things at the right time to the right group of people. Paul it is a matter of perception, balanced against getting the right people. Look at december 31 bc be ecb announced policy stimulus. The markets misunderstood what they w