Of failure. M it punches the most since november after the ceo quits. Anna welcome to bloomberg daybreak europe, our flagship morning show. I am anna edwards. Manus im manus cranny. The world deals with another terror attack in barcelona. That is the reality of the world we live in but also across the pond, the world deals with the reality of what is happening in the white house. It is a double punch for the market. The s p 500 is down 1. 5 , the second worst day this year. It has only swung 1 in three of the last six sessions. Are we dealing are we building up to more . Is what really unnerved the market yesterday. They report was set to go, denied by the white house. You have volatility rising. Rising but it is not doing what it has done historically which is drifting away after the events. Anna after terrorism in barcelona, not just in terms of white house agenda, but what does it do for the race to lead the fed as well . Lets get to the risk radar and show everyone where we are in
The i o income, rick rider rick rieder. Cuban in aup, Mark Bloomberg exclusive. It is an attribute you dont want to miss. Three words are my favorite for today, dead cat bounce. Jonathan futures firmer up by one full percentage point if you looking at the s p 500. In london, a firm session, up high 2. 4 . Stoxx 600 got pounded friday, monday, we are up by 2. 7 at the moment. I will get to the other Asset Classes for you. The first post brexit day of gains for sterling. 8 after the biggest twoday drop on record for the pound. Looking at yields creeping higher, reflecting sentiment today. Up for basis points on a 10 year yields that is low, down 1. 47 on the u. S. Tenure. Alix never would have thought you would have seen that in march. Lets go around the world and check in on the Bloomberg Team for indepth coverage of the top stories. We have complete coverage on the latest brexit and market developments with live reports in london, brussels, berlin, and portugal. Jonathan lets bring in
Bit of a reversal as they try to figure out what comes next. A lot of people saying this is not a floor but a temporary reprieve. Was talking to david westin earlier about the idea of Financial Markets with a bounce today but i do not know if the political markets have a bounce. You see the Jeremy Corbyn conference. By no means do i feel and all clear. Francine when you speak to traders and market participants, it is very clear that they believe Central Banks will once again step in and that is why we are seeing a little bit of a bounce. Tom can i say quickly how cool it is to have Alan Greenspan one day and mervyn king the next . We are honored. Francine but get to the bloomberg first word news. British Prime Minister David Cameron meets with his fellow European Union leaders today for the First Time Since last weeks vote to leave the eu. He will be pressed on how he expects the u. S. To trigger article 50. Ruled himself has out of the race to succeed cameron as Prime Minister. He was
The canadian winds and fires seem to ebb. Everybody is concerned about the output and the supply glut. But now, oil is back up. 4 . Peso. S the philippine it is currently higher, versus the u. S. Dollar after we saw the antiestablishment winner in the pack when it comes to the next president and the philippines. Of course, lets get to our bloomberg first world. Reporter thanks Credit Suisse has recorded a second consecutive loss. Of 302ported a net loss million swiss francs. Have predicted a loss of 344 million francs. That comes after a to motorist comes after a tumultuous start to the year. Chinas Consumer Prices continue to rise at a healthy pace in april, but still below the target rate of the government. The inflation gain of 2. 3 was driven by good prices, giving the pboc reason to hold back on another rate reduction. Meanwhile, the Producer Price index narrowed more than expected last month. Fighting poverty will be his top priority as he claims victory in the philippines. His p
I am mark barton, a quick look at the market at the markets. We are going to see a second consecutive day of gains if things stay the same for the next seven hours. The stoxx europe 600 is a by 1 today. The mining index is the big performing Industry Group after slumping yesterday. Credit suisse big jump today. We had a loss, not quite as bad as forecasts and brent crude is up today after reporting yesterday up. 6 . Here is nejra cehic. Nejra chinas Consumer Prices continue to rise at a healthy pace in april, but still a bit low the governments target rate. 2. 3 was driven by prices given the pboc a reason to hold off on another rate reduction. Easing ing to an factory gain inflation. Be his topverty will priority as he claims of victory in the filipina in the philippines president ial election. A zero tolerance approach to crime and corruption. A string of on guarded unguarded comments. As ills political system has fallen even further as an old that bodies vote to impeach the presiden