Global equity markets looking pretty decent, firming up in europe with the ftse up about 48 points. Futures positive in the United States. Yields on the 10 year, pretty much unchanged at 124 1. 84 . Look out for that. Table at the moment, 146, its a stronger pound. We will get to that. Then imac of about. 4 . The brand down for the sixth straight day. The lira strengthening down to 297, the Turkish Central Bank cutting its rates to 945 . Lets go to indepth coverage of our top stories. Guy johnson in london, where mark carney talks brexit. Matt miller in frankfurt. In brussels, where finance managers meet on greek simin demokan. Jonathan the bank of England Governor Mark carney is testifying this morning. Guy, the momentum seemingly behind the remain campaign. What is mark carney have to say . Guy he has the responsibility to stand up and make clear the risks that are associated with the referendum. Hes not backing down on that. Everything you said today felt very caveated. It wasnt the
Why he is endorsing donald trump for president in another exclusive you will see only on bloomberg tv. Jonathan a brilliant morning of conversation. Lets check in with our Bloomberg Team for indepth coverage of the stories. The one minute plunge and chinese stocks, and a look at the job report. Vw still being hit by email and cheating scandals. Lets begin in frankfurt, paul gordon joins us. Inline but still not great for president draghi. Paul inflation just below zero, employment just above 10 , a flight improvement and reason for the ecb to say the stimulus is starting to work at a long way to go. Where did the inflation come from . It has never really come from industrial goods, it used to come from energy and that may return briefly but it is hard to see that sustained. Services inflation is where the ecb needs to see prices increasing and that is a stretch at this moment. Jonathan if you are looking for a company that probably does not need to wait is germany. Qe is germany. Hand,
Kongcurran is in hong wanting to know when the fed will raise Interest Rates. Matt miller is in berlin. Lets begin in greece. Finance ministers have reached an agreement that will allow aid to be released to ease the debt burden around the country. Marcus joins us live from athens. Aid disbursement means greece will not face a massive payment crunch to the ecb in the summer. Theres also some extra money that allows it to stopping down taxes are about to rise. Its not going to cause jubilation on the streets. They can expect a little bit of stability over the summer. Jonathan thank you. David are you wondering when the fed will next raise Interest Rates . Chinese officials will ask their u. S. Counterparts about the timing of the next increase. Curran in honga kong. When are they going to ask this question and where . Good morning. It shows how nervous chinas leadership is of the looming fed rate hike. Issuelan to raise this when diplomats meet as part of a strategic economic dialogue.
David its not just about me. Its about the team. Amanda we have another great ceo coming up. You talked about the technology they have planned. Where the company is going. David it was a great experience. We also have with us peter kraus. He will explain what Equity Managers are doing wrong. Innda we are going to check with our Bloomberg Team for indepth coverage of our top stories. Susanne walker barton is live on where the fed may raise rates. Ryan chilcote talks about the oil Company Spending cuts. Lets start with janet yellen and the fed. June appears to be out. September is not a sure bet. Thats the take from investors. Has beenonomy recently affected by a mix of countervailing forces. To expect reasons that the positive forces supporting employment growth and higher inflation will continue to outweigh the negative ones. Amanda Susanne Walker barton joins us now. Lets start with how the market is interpreting this. Do we get a sense that september may even be off the table . It ma
Soros didnt help matter. Were getting little bit overbought. We talked about frequently. Was getting closer within a half percent of its all time record close. The dow and the nasdaq also have days. Allying for a few he certainly again did not help matters. Looking at some big percentage declines. Them. L is one of offshore driller seeking to cut debt load. Investors dont like the shares down 10 . Nrg energy that stock downgraded to sell over ubs. Says its not justified. Chesapeake energy also getting downgrade. This one coming from rbc. Saying there are opportunities risingvalue in a commodity environment. For chesapeake theyre more amongstthan they are some of the peers. Were looking at restoration hardware. Numbers came out with that missrd estimates. Loss. Ed unexpected also had a disappointing forecast and its pulling down some of the other home retailers. Also feel the pain today. I talked earlier in the day falling. Ks Asset Managers also falling. If you have a big name like sor