Trading could be numbered. Good morning, everyone, and welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are telling the story of three things we are watching. First of all, Central Banks, second, politics, number three, rising some kind of program, so trying to temper that with relief to companies with furloughs. We did have senator kamala , and what that means is the widening polls for joe biden seem to have been taken in stride when it comes to the markets. I am looking at dollars weakening, travel Companies Leading gains in europe on the stoxx 600, and i am looking at a couple of other things, treasury yields steady and gold getting a little boost. Coming up, looking at the decision from chairman lorenzo bini smaghi, we talk brexit and Central Banks. Now, lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Record daily increases. National politicians are leading leaning on politi
Report 1. 5 million euro loss leading to job cuts. Industrial profit forecasts beat sending shares higher the ceo says hes cautiously optimistic we have the prices under control as much as we can control it going forward, there is some volatility that we will see a second wave. Mining giant glen core ditches its dividend following a massive impairment charge following the bottom of the stoxx 600. A warm welcome to street signs. It is a big day before the bank of england keeping rates steady and left the size of the Asset Program unchanged. Bankers are painting a more pessimistic recovery warning that they wont return to precrisis levels before the end of the year. They expect the rate to double by the end of 2020 looking at the action surrounding the bank of england news starting with guilt we have the move lower out 2. 5 . Third year trading 64 points or so sterling has hit a fresh fivemonthify versus the dollar. Currency investors like what they see to get into more detail from the b
General james holmes, commander of air combat command, discussed the future of the u. S. Air force during a virtual conversation with the Mitchell Institute for Aerospace Studies. This is an hour. Good afternoon, everyone. Warm welcome to all of you. Im dave deptula, dean of the institute for Aerospace Studies and would like that thank air combat command general commander james holmes for joining us today. After so many years of service and in key positions throughout our air force, needs little introduction. Simply summarize by saying hes excelled in operational, staff and academic purchase suits at every level, and as a result, hes brought an unsurpassed degree of competence to his current job. As commander of air combat command hes responsible for organizing, training and equipping air force aerospace cyber and Intelligence Forces for Rapid Deployment and employment. With that mobile, id like to turn it observer ver to you to what are at the top of your priority lists these days esp
Several areas we consider planes to reopen. Optimistic. Emains treasury secretary Steven Mnuchin says he expects the session to end this year with another Stimulus Program in the pipeline. Paul we are about an hour away from the open here in australia and tokyo. Lets get a check on what we can expect for the new trading day with sophie in hong kong. Sophie asian stocks looking at a muted start this wednesday. This after we sell stock gains fade into the close. Check out what is going on with qe markets. The qe dollar is trading ahead of the rbnz decision. In the bond space, we are seeing five basis points this morning. The central bank of new zealand seen holding pat. That is one of the items on the agenda we are watching with market very much in wait and see mode. Plenty of firepower being amassed in deal space the latest news of kp are having pulled together 10 million. Lets jump into the turn will. The terminal. We could be seeing positive mental for asian stocks. As you can see on
Investors raise a glass to remy sending shares to the stop of the stoxx 600 it expects demand to bounce back in the second half of the year saudi arabia and russia reportedly reaching an agreement to extend the counts for another month but will still be held today. Lets kick off with fresh data crossing the wires. Weve got uk car registrations coming in for the month of may 89 lower year on year to just over 20,000 unities. We are looking at a picture of sterling versus a dollar recently trading coming off 60 basis points the auto sector selling off quick sharply. A few Different Reasons for that part of that the reversal for the trade come together in the last several sessions. Part is to do with the german stimulus package unveiled in the last 24 hours. Let me give you more detail. German stocks making autos the worst performing sector in europe after the package announced overnight failed to provide must feeding help. Providing a raft of measures including help for electric car buye