Im nejra cehic in london. Were checking a third day of declines for european equities. The the stoxx 600 down. 7 . The bloomberg dollar index on track for its first weekly loss in a month. The dollar weaker against yen. The b. O. J. Pushing for more stimulus. Well talk about that more throughout the show and the new Zealand Dollar best performer in this session on the announcement of a new central bank governor. Perhaps that might not hold up with some of the data were going to get next week but thats how were looking in todays session. Coming up today on surveillance, we talk surveillance and get a take on markets later on in the morning. First lets get the first word news. Greenbrussels, giving the light for brexit talks to move on to the next stage. They have complied with their conditions over a future trade deal. Diplomats warned the discussions will be more difficult than the First Six Months of talks. In japan, calling for more stimulus, prompted the b. O. J. To adjust its commu
The fomc minutes . Game, but theye were smaller than they were minutes ago. The dow, s p, and the nasdaq solidly higher, rebounding from yesterdays a lot. The volatility continues. We have had two days of intraday errors reversals for the downside, both on tuesday and wednesday. Moments ago, the dow was up more than 9 10 of 1 , the s p 8 10 of 1 , and the nasdaq 7 10 of 1 . It seems like the volatility will continue, and the source of pain that vonnie was alluding to. Lets look at the s p 500 today intraday chart. Gains very nice yesterday, and around the time that the fomc minutes were released, the s p 500 had been up 1 as investors were digesting the strong Economic Outlook on it, but taking out the idea that the fed said they are on pace to meet the 2 inflation target and i will be raising rates three times a year. We saw the s p 500 take a dive. Down over the last two days, down at one point more than 1 over the last three days. Thee higher rates, Inflation Expectations, the steep
Decline isterlings listing the ftse 100. 1 ofund was down 7 10 of she dollar during may speech. She said the u. K. Will honor its commitments made to the budget bonds commodities. This is your final three columns. This is a wonderful function on the bloomberg. We used it ahead of the u. K. Election and ahead of the french election. And we are using it ahead of the german election on sunday. It is everything you need to know about the german election. The race for third place action end up having an outside influence on the election. Merkel is poised to win a fourth term. There is a combined tally of about 22 . Sociale as schulzs party score. This is one of the charts. I can bring up 11. The other partys languishing in third, fourth, fifth and sixth place. It is going to be a fascinating sunday. This is how the German Market is faring as they prepare for the election. Equity investors are not being complacent. Timesx trades at 13 expected profits over the next 12 months, well below the
How far will this scandal take us . Turbulence and the discount carrier space. We are less than a half hour away from the start of european trading. No sense of direction. The agent session did not give us much. It didnt take us forward. The treasuries were closed yesterday in the United States. Aat we are starting with, is blank piece of paper when it comes to the markets, and a directional story we will talk about. It is going to be interesting to see how we work through the day. Wasstory out of asia interesting in a few ways. The biggest story to me, the big political story coming up is what happens in china this morning. Austria, interesting. The town out of this is that the dollar is weaker. First word bloomberg update. Banks, guy. Catalonia faces a day of reckoning. Barcelonas mayor has said the results of the referendum cannot serve as a basis for secession. Read more companies are leading the region. Three more companies are leaving the region. The u. S. Has blamed turkey for i
Square. With the upscope and downs of earnings season. We are pleased with a positive first year. There is always something that can be and should be improved. Tofrom free trade to fintech the gender pay gap. The best conversations. We are hoping to model what is possible. We are trying to find a way to protect local jobs. There is a need to change the model and embrace the new technology. It is all straight ahead on bloomberg best. Hello and welcome. Im rosalind chin. This is bloomberg best, the most important analysis around the world. As markets open on monday, investors were trying to make sense of the weekend shakeup in saudi arabia. The crackdown in saudi arabia. The crown prince over the weekend has effectively carried out the arrest of billionaire ministers across saudi arabia. The purge in the name of a sweeping anticorruption drive brings the crown prince closer than ever to power. Uncertainty for investors in the region. There is a sense of trepidation, the scale of what is