Can see a brand new trading week has begun with spain edging higher. And gold its where nervous investors put their money in uncertain times, so why has this stuff lost its shine in the last few months . Well speak to the uks biggest bullion trader. And as one of britains biggest Property Owners predicts the death of the high street store, we want to know how much of your shopping do you do online . All of it . Orjust certain items . Let us know, just use the hashtag bbcbizlive. Welcome to the programme. It isa it is a critical week for spain with investors worldwide watching what happens in the next 2a to 48 hours. Over the weekend more businesses in catalonia said they are taking steps to prepare in case the region does try to break away and declare independence from spain. The Central Government has passed a decree making it easierforfirms to move their legal headquarters away from catalonia, with companies no longer needing share holder approval. One of the countrys biggest banks,
Everyone. This is bloomberg surveillance and im Francine Lacqua in london. We will be speaking to jack straw, one of the three people serving in the candidate from 1997 to 2010. We talk brexit and trade. Youre meantime, this is market. Equities seem to be on a tear. Stocks in europe are a little bit mixed, but the euro holding onto gains. We saw catalonias president stepping down from the immediate declaration of independence in spain. The dollar, drifting down a little bit. Oil rising above 51 a barrel, as opec pretty good. The nikkei 225 rising to the highest in almost 21 years, following the Dow Jones Industrial average, that touched a fresh record high yesterday. Lets get straight to the bloomberg first word news. Plans to donald trump make changes to his tax plan within the next few weeks without giving any details. At the same time, he dismissed concerns that his public spat would dismiss an overhaul. Independent analysts suggest it would raise taxes for 30 of people, making betw
On the agenda . Think north korea. The focus. Trump says just fed focus. Trump says fed focus. Trump says sunday that powell, are in the running. Matt what stock futures are doing in the half hour until the start of trading. You see we are up across the board, not a lot of moves. There is not a lot of directions to riskon riskoff. We dont see a lot of moves in bonds. Not in the bund or treasuries either. Take a look at the argentinian 100 year bond. I have this up on the btv screen. You can access it on the terminal. We can see the yields here at almost 7 and this is one proxy to look at for what investors think of argentina. President won a big boost. His reform agenda [no audio] story is whatst is happening in the nikkei. Abe. In by on a win by you see the yen coming under pressure as well. On a real tear at the moment, the nikkei. The other story i want to draw your attention to, what is happening with the turkish lira which has been hit hard overnight. We have seen more negative u.
There is t minus one year and 11 months to hash out a deal. This is bloomberg surveillance. Im Francine Lacqua. We are joined by the head of all the assets. We will be speaking to Aberdeen Asset managements martin gilbert. If you have any questions and are a bloomberg customers, just hit tv. We can ask the guests a question on your behalf. This is the eurozone data and eurozone manufacturing pmi, coming in at 56. 7, a touch below what economists were expecting. Anything below 50 indicates an expansion and it is a touch above what we had the previous month. This is for april, for the euro area. We are waiting for the breakdown to give us the strength and weaknesses of each country. This is the picture for the markets and i would point to global stocks overall rallying. European stocks, gaining 0. 2 , heading for fresh highs. Investors are focusing on stronger corporate earnings. The yen, extending losses. A second. T to the and first, lets get straight to the bloomberg first word news.
And russia yesterday deciding to extend the production cuts and the iaea saying the demand outlook is slightly downgraded on lower first half estimates. Non opec increased in 600,000 barrels per day. You can see brent is up on the back of that, 52. 19. It was around 51. 7 when i looked at that. Oil is climbing a little bit more. Reminder yesterday, we found out audi plan to extend production cuts for another six months. Watch oil. We will bring you those trump headlines. That is giving a nice risk to the euro dollar, the dollar weakening for a fifth straight day. The euro is soaring amidst classified information donald trump made or may not have given to a russian diplomat. We are looking for the mexican peso strengthening and the south korean yuan strengthening. We will get more on your markets, but lets get straight to the bloomberg first word news. Reporter we start with europe. Angela merkel has vowed to work with macron. That as the german chancellor hosted the newly elected frenc