Hsbc names mark tucker as the new chairman. The shares jumped the most since december. And the fingers on the trigger. British Prime Minister theresa may is poised to invoke article 50 and start the Brexit Process as early as tomorrow. But is sterling oversold ahead of brexit . Matt guy, we are less than half an hour away from the european cash open. Lets take a look at where the futures are trading right now, pointing to very slight gains, very slight. Is the cac, gain but otherwise the dax is slipping. Im taking a look also at german yields. Let me zoom in on what we are seeing here at the open for looks like climbing just a little bit investors are selling off german debt, maybe the 10 year isnt what we should be focused in on. The short end of the curve looks extreme, very negative as far as the shorter end of the german debt curve. Guy was interesting as well is the relationship to switzerland we will bring you that chart later on. Lets go to the gmm function. I want to deal first
They havent seen proof of trumps claim that his predecessor kept his phone. Senator john mccain spoke to cnn. The president has one of two choices. Either retract or provide the information that the American People deserve. If his predecessor violated the obama, weve got a serious issue here. Thank you. According to abc news and the associated press, the House Intelligence Committee gave the Justice Department until today to provide evidence backing up President Trumps claim that president obama tapped his phones. In europe, david davis is trying to avert a revolt within the conservative party. The house of commons votes today on a bill that gives Prime Minister theresa may the power to begin the brexit process. Someone parliament to have a say in what happens. Davis is asking lawmakers not to tie mays hands. He wants them to overturn amendments to the bill approved by the house of lords. The dutch election has been upended by a dispute with turkey. Analysts say the incident could reen
Good morning. This is bloomberg surveillance. I am Francine Lacqua in london. Show, we on todays speak to the head of g10 fx strategy at Merrill Lynch international, and the ceo and coast cio at shen of our financial group. At a financial group. Function and a message will come to me. It is monday morning, 9 00 in london. We are seeing a little bit of volatility, but nothing huge. Oil gaining. One i would like to keep an eye kospifter the costly slid this has to do with geopolitical concern lingering in korea. Weis extremely important keep an eye on what happens at the g7, where Foreign Ministers are showing up, and Rex Tillerson on wednesday heads to russia. It seems the world may be a little more uncertain than it was seven days ago. Lets get straight to the bloomberg first word news. Nejra barclays said its board will issue a formal written reprimand and make mythic and cuts to the ceos pay after he tried to identify a whistleblower in 2016. They say he made an error in not applying
A very warm welcome to the program. I am anna and words. Just facets 00 year in the u. K. Will join us in dubai. The French Banking Group reporting their numbers, q1 profit at 227 Million Euros against the estimate of 220 Million Euros. That number beating estimates on the next level, Large Customer unit net profit coming in at 163 Million Euros. Cole reportingi that trading revenue fell at the bank began a reorganization to streamline the capital structure. The cost of a rebound, that is also of interest. Remember this european Banking Sector the largest having struggled this year, at record low Interest Rates, freezing income. And turbulent Financial Markets deterred clients from trading, listing, and other matters. That is something the whole sector has had to deal with. Back in february, we heard they were selling stakes in three dozen regional banks in 18 billion euro transaction to simplify the structure, reinforce capital, and pave the way for all caps dividends. Ollanta change
Live herethe pulse in london. Im guy johnson. Francine lacqua will join you from new york in the next hour. Lets check in where the markets are now. We started off down. Barclays is the standout story for the ftse 100 which is up, but barclays is down. The stock 600 up by half of 1 . We have reach raced 10 of the losses we made at the start of the year. We are now up 10 . Brent is up. 7 . Some of the Energy Stocks are on the front foot as well this one. Here is first word news. Gauge hasnas factory fallen for a record seventh straight month. Dropped to the weakest in seven years. The dater underscores the challenges for policymakers as they seek to cut overcapacity. The japanese government is being paid to borrow money as it sold 20 billion in debt at an average yield of 0. 2 . U. S. President ial hopefuls are gearing up for super tuesday. Delegates needed for a republican candidate to win the nomination are at stake. 1 3 for democrats. In a dozen states, donald trump, and democratic l