Remain independent. Economy ts, the global takes precedence over the geopolitical tensions between the u. S. And china. The price of the bailout. Brussels set its criteria for backing the state aid pac package from berlin. We are just under an hour away from the start of cac equity trading in europe. Ets take a look at where the u. K. Markets were closed yesterday. They didnt get that take part in the risk on rally that we saw across the continent. We also see u. S. Equity futures rising. U. S. Cash trade was also closed yesterday to honor the memorial day holiday. As a result we see futures in new york up about 2 on the dow and nasdaq futures as well as s p futures up 1. 8 right now. Lets get your first word news. Here are todays top stories from the bloomberg terminal. Once a virus hot spot in europe, italy reported the fewest cases since february. Below 100 for a second day. The global death toll tops 340,000 with 5. 5 million cases confirmed. In england, Outdoor Markets and car sho
High. We will get the view from Goldman Sachs. There are record deliveries for airbus. We will speak to the ceos of both companies this morning. Matt remember how inflation scared markets into a massive selloff a couple of weeks ago . Yesterday we got the strongest month over month cpi numbers 12 12 years anders in u. S. Stocks rallied. You saw a spike in treasury yields. Take a look at the 10 year here. You can see just a massive yields. In treasury the yield has gone up, as investors sell the debt. That makes sense if you expect more increases from the federal reserve. The question is, what happened to stocks . Guy i dont think that you or i could even bother to explain. The yen is really strongly bid, so the dollar continues to go down. The strong concerns see currency out of japan does not seem to be bothering the authorities. Kei wask kind nic also trading higher. Is big this morning, gasoline is also. With parsing a bid we are seeing a bid coming through on some of the muscles. W
Is the boeing breaking up the duopoly . Brexitress on the negotiations. U. K. Economy is not growing at a rip roaring rate. Carney speaks in less than two hours. Matt good morning. From the index opening, and castrating, we see Index Futures here. We had a mixed picture yesterday. Not a lot of action. Today we see the same thing. 0. 2 . Ex is down about little change on the dax. Blooms had been stuck in a range for so long. This is a onemonth look at the german tenyear trade. Investors have started to stock up on their safe haven bets. Buying them and pushing the yield down. It is up a little bit today. You can see from that red arrow pointing up, dont let that confuse you. Right now trading only at 38. That is a pretty low number for german bund it yields. Guy take a look at what is happening with the u. S. Shape of the curve. Yesterday the curve flattened, again, and big. It was a really big move. It is what we are seeing in europe as well. The markets should Pay Attention to it. Let
The u. S. Are drifting apart. What will the future relationship look like . Sys manytish airways of it says many of its Computer Systems are up and running. Onl stocks see turbulence the massive failure . Matt less than a halfhour away from the european open. Lets take a look at futures in the markets that are going to open and trade today. London is closed, not because of the computer failure, but for a holiday. Here you see the euro stocks futures unchanged, dax up just. 1 , cac down about the same amount. Check out the bunds. Looks like investors are selling off german debt, pushing the yield up. ,ight now trading is at 0. 35 not a huge amount. It still looks pretty blown out. Just want to know get through an hour without talking about bitcoin. Aussie dollar down, iron ore in the tank. Aussie stocks are also lower there was an attempt to runiit it up, but volumes are below the 30 day average, asx down. 7 . When it comes to the commodity side, this is where you are seeing a little bi
If you happen to be watching from the u. S. It is a bank holiday in the u. K. , too. Chinese markets are closed as well. The stoxx 600, pretty flat there, bearing all that in mind. The dollaryen, pretty unchanged at 111. 31. We did see a little strength earlier after those comments from John Williams. Cable is up. 2 . That has been moving fairly strongly ahead of the u. K. Election and a sterling did have its worst week this year last week. And keep your eyes on the 10 year italian yield. It looks like it is down two basis points. It was moving higher earlier, after comments from the Prime Minister. Lets get the bloomberg first word news. Reporter north korea has conducted another missile test. South Korean Military Officials Say the missile, which appears to be a scud variant, was fired off of north koreas east coast. It comes just days after World Leaders vowed to take tougher measures against kim jong un. British airways says many of the Computer Systems a running again. That is as