Interests 24 hours to save the National Health service. German utilities have trade 4 higher after the countrys Constitutional Court declares a Nuclear Fuel Tax illegal. Good morning, everyone. Its wednesday. Glad youre with us once again. Lets take you straight to the European Equity markets this morning. The ftse is up 0. 21. The cac 40 is up by 1 3 of 1 . Lets take you to the sectors. What youre seeing is banks are doing quite well. Despite spain, banks up 1. 3 . Chemicals down by. 3 . Santander is taking over Banco Popular. Theyre buying it for the symbolic price of 1 euro. Santander says the popular brand will completely disappear in the deal. Pimlico is also wrapped up in this deal. Theyre the largest holder of the banks riskiest debt with 279 million euros. Karen has been breaking the story all morning long. To me, karen, it seems like this is a Banco Popular specific story. It didnt send shock waves through the industry, right . It is a specific story but it talks about bank re
Firms must not and can not tell workers what to wear. Johanna konta has been knocked out the Australian Open. She lost her quarter final to Serena Williams 6 2 6 3 in just over an hour in melbourne. She was the last brit left in the competition. Also this morning well be hearing a toy story with a difference. Which ones yours . I would say this is lego, this is not. Ok, this is lego . This is lego. Well find out how one of the worlds best known brands is counting the cost of counterfeits in china. And carol has the weather. Good morning. Once again today with starting off with some patchy freezing fog and it is particularly dense across parts of the south. Its also slippery underfoot so take extra ca re. Its also slippery underfoot so take extra care. There will be some sunshine around today, also some drizzle and strong winds in the north west. Ill put all that together in 15 minutes. Good morning. First, our main story. Mps have stepped up demands for the government to publish its pl
Indexes gained for the day, led by financials. We can say that u. S. Stocks have rebounded from brexit losses. Joe a pretty extraordinary comeback. How many times that we talked about the gains and losses being a race for the year. It looks like it is working. Matt the reversal of fortune x is pretty incredible, 20 lower than on the thursday when britain voted. It makes you wonder what the vix means anymore. It does not seem like it is watching. Noit says there is uncertainty, it seems like it does not understand what is going on. Joe 10 year irish is our bond of the day, a new record low. There is always one somewhere. You can see the chart. Also, lets look at the u. S. 30 year, an extraordinary declining yield. Today we saw a little uptick, but this last week has been an extraordinary drop. Scarlet the pound stronger, the on itsweaker, building postimpeachment rally, an 11 month high. This chart indicates the dollar weakening versus the real. Inflationadjusted rates makes brazilian a
From there in london. The markets appeared to be settling down and we are joined by outstanding guests today. Led by bill gates. He would join us to talk about biotech and drug pricing. Alix cromwell we be joining us more regulatory hurdles facing the banks. But first, we have a slight rally on the table for today. Jonathan features are firming up about. 2 and the ftse is an positive territory and raising all of the post brexit gains. He dax is up as well i want to talk about what is happening in other asset classes. Boris johnson does not run and cable jumps, the pound a stronger marginally. We will discuss why. 1. 52 . Unchanged at we are heading for the strongest quarter for crude since 2009. To wrap up all of the stories, lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories. Anna redwood is in london on the race to succeed Prime Minister cameron. Julie hyman in new york on the last day of the Second Quarter. Lets begin right here in
Of london status as a premier financial center. Us know what you think of our top stories. Follow me on twitter at rishaadtv, include trendingbusiness as well. And aboutg underway 30 minutes from now. Markets coming online right now. David is having a look at what is going on. It is a relief rally that seems to have some legs. David we are back to levels early in january. Thursday is looking like this, are busy. Ion, volumes looking at the kneejerk reaction friday into monday, tuesday, wednesday, valuation plays. Youre seeing the tale wind from wall street. We are looking at australia, 1. 5 there. You take the group of commodity producers there, one of the main drivers there. To 4 . I mentioned commodities. Have a look at oil prices. A lot of this has to do with weak dollar dynamics. This was the best a in weeks for it hit 50. Rely we are seeing a retracement right now. We are trading at higher levels than yesterday. Brent, very thin spread. Broadly, the commodities space, we are up no