Nationalists surge. The snp is on track to become the Third Largest party in parliament. We are live in glasgow. Sterling rallies against all major counterparts and surges to a sixyear high against the euro. We bring you the latest market reaction. Now lets get some Details Behind those stories. David cameron is set to stay in downing street as the Prime Minister of the u. K. Exit polls show conservatives will head with either a minority or a working majority vote. This is clearly a very strong night for the conservative party. I think weve had a positive response to a positive campaign about safeguarding our economy and creating jobs. Above all, a plan for the next five years. Those who do the best should find the system on their side. Anna the labour party has failed to gain key seats in england and scotland as the nationalists surge. The snp is set to become the third Biggest Party in parliament. What we are looking at tonight is a very historic shift in opinions in scotland. We sai
Banks in greece may soon be facing the European Central bank reportedly looking at limiting emergency liquidity assistance. Proposals that would raise the discounts imposed on collateral securities when the bank of greece makes loans. The steps will be taken if greece does not reform its economy to get bailout money. A former ecb president says the rest of europe is waiting for greece to act. We have to be realistic. It all depends on the maturing of the position of the greek government. If it wants to deliver growth and jobs which is the main goal of that government it has to produce a recovery program. Betty european ministers are scheduled to meet on friday. The banks said a key measure of financial strength fell in the First Quarter. It may need to boost capital. The ceo. In the businesses where we are focused, we are doing well. The credit business, which was more difficult for the industry in the quarter, emerging markets, those are businesses that are power alleys for us and we
Currency markets, sterling is on a tear against the dollar. It is against the aussie. As i show you over the past five days, you understand the momentum that you have in sterling. We made it above the 155 level earlier. Lets get these stocks and Industry Groups that may see a move. Deals will get done. How many deals will get close today in london . The builders are going to benefit from this continuation of government. That is the theme, equity markets, the United Kingdom, the strongest growing economy in the g7 will continue on the policies. The banks have yet to open. Will lloyd hit the top of a political agenda . Will be chancellor go for a sale of more of lloyds this year . When will he do that . No opening prices as of yet for banks. Utilities again, the whole point is under the labor proposition within the Utility Space was there was going to be priced caps on controls. That potential risk has dissipated somewhat. United utilities is up, seven trent is up. I want to show you vol
The grip on the east continues to slide. We will tell how you can indulge in retail araby with the help of. And told in Retail Therapy with the help of a hashtag. Hello, welcome. It just come 6 00. Bloomberg reporters are standing. Y david tweed is in berlin with numbers from adidas today. Ubs reported profits that surpassed estimates. Profit rose 6. 7 from a year earlier. Our markets editor manus cranny is over there in zurich. Run us through the numbers. What is the number going to be focusing on . I think they are going to focus more on three keywords. Return on equity . Target. King to the we are on the way to the Promised Land. Reducing d assets moving the target on risk weighted assets in the businesses they dont want to be in down to 40 billion. Management brought in new money at 11 million swiss francs. Profits up 24 . The Investment Bank dropped by 56 , but it is those three issues in terms of return on equity, cost, risk weighted assets. Issues take you into discussing capita
Well and it is the Bloomberg Consumer comfort index at 10 00. Fed had had, so apple of days ago. We also had the Kansas City Manufacturing number. Why do they do regional numbers . If you add them up, you get it picture of the country as a whole. We are federalists. Before the bell, best buy, scarlet fu will break that. Hewlette bell, the gap, and packard and obama is speaking in cooperstown today. Thats because the orioles are in first place. Lets do a data check. Equities, bonds, currencies, and commodities. The equity markets have a surge. Weaker and nymex crude is elevated bigtime. Vxx shows under 12. The euro dollar is so important. There is iron ore. In shanghai. I have no idea what the number means but iron ore is cheap. This is the volatility in the market. It is gone. This is the 25 year average. Over the lastgst five years and down we go bearing down to a new complacency. This is the conundrum. Thank you Central Banks and janet yellen yesterday saying considerable . We are mo