This is the stoxx 600. Investors cautious today before speeches i donald trump and janet yellen. Stoxx 600 down by 0. 2 . Dollarg down against the , falling against all its major peers after the times reported that Prime Minister theresa mays team is preparing for scotland to potentially call for an independence referendum in march. The french 10year yield is down to 89 basis points. Emmanuel macron opening up his biggest lead yet over Francois Fillon. Lets finish up with gold, down 0. 2 . Gold will head towards 1300 in as inflationmonths expectations pick up real Interest Rates turned negative. That is according to ubs wealth management. Lets get the bloomberg first word news. Nejra the London Stock Exchange said its 13 billion tie up with Deutsche Boerse is unlikely to proceed after a new regulatory hurdle signaled a potential end to the effort to create a dominant european exchange. Officials had requested that the nsc divest its Trading Platform, but the nsc said it couldnt commit
For a major Renovation Programme are approved. And British Cycling admits not paying sufficient care and attention to the wellbeing of its athletes. Good morning. Its friday 10th march. Welcome to bbc Newsroom Live. Schools in england are being forced to cut gcse and a level courses in an effort to balance the books, according to a Head Teachers union. The association of school and College Leaders has warned Budget Pressures causing them to cancel things like school trips. This recent data from the Department For Education shows a dramatic rise in the number of secondary School Children in england being taught in classes with 36 or more pupils. Our education correspondent Gillian Hargreaves reports. Peter woodman at the weald school might be a head teacher but he still likes to work at the chalk face, partly because he enjoys it but partly because it saves money for the school. The only reason we can survive is we are carrying forward money from last year. And if the government stick t
You are welcome. It is bloomberg daybreak europe. Our flagship show in london. Breaking news in the past 15 minutes, coming from you bf switzerland, a bonus pool reduction. Be cut in the bonus pool. Poolas reduced the bonus to 2. 9 billion swiss francs. The ceo remains the highestpaid executive, earning 13. 7 million swiss francs. Are going to to reflect in agreement in principle. This on the retail mortgagebacked securities. Net income will be restated by some 102 million swiss francs. Those are the headlines in terms of pay and bonus pool over at ubs. When it comes to markets, the bond market, the whites in the eyes. This is the personification of what the market challenges are permitted the blue line are the ratcheting higher bond yields. We have indeed double that. Breaking 2. 6 . For bill gross, that means there is a technical indicator of a fair market set to kick in. Bear market set to kick in. Not since Richard Nixon, Richard Nixon in 1974 have we seen 10 gains best 10 days of
Board, pretty much all morning long. We talked to National Economic counsel director gary cohn first on msnbc and got his take on the numbers and the president s policies. Theres clearly a good februarys part of the numbers. Im not going to deny that. But on the other hand, when you look at what weve been doing here at the white house and all the ceos we brought in, whether it be exxon or sprint or intel, theyve promised an enormous amount of jobs and job creation in the United States. Those hirings have not been done yet. Those are future hirings. Were still living on the hire tgs from the normalized Economic Growth thats built into the system here. Lets bring in michael forruely. Guys, good morning to you both. Michael, walk me through. What carl just said and the degree to which expectations of a proBusiness Environment is feeding the jobs number now. So i think the jobs number now were seeing is probably just a continuation of the general trends in the business cycle. It was a very
Government in Northern Ireland expires injust under two hours, with no agreement in sight. Sinn fein is refusing to be part of an Executive Led by the Democratic Unionist leader, Arlene Foster. The Northern Ireland secretary will have to decide whether to call a Snap Election. And the new £1 coin is released tomorrow but are these everyday machines ready for it . Good afternoon and welcome to bbc news. Theresa may will meet Nicola Sturgeon in scotland later for the First Time Since the snp announced their proposals for a second independence referendum. At the beginning of a week that will see article 50 triggered on wednesday, the Prime Minister will say she wants to build a more united nation. Tomorrow, the Scottish Parliament is expected to pass a vote in favour of seeking a new Scottish Independence referendum, which ms sturgeon wants to hold in autumn 2018 or spring 2019. Theresa may, though, has said now is not the time for it. Our scotland correspondent lorna gordon reports. It