Down by a full percentage points. You have to say, what is happening on the continent, the pain more acute in mainland europe. David we were looking at this before, was you put this in the same and once you put this in the same currency, rebates, everything going into the dollar, and you will see why this next board is important. The town has been battered pound has been battered, down by over 8 . That does not look as dramatic. And this was have been in the market swiss have been in the market. At. 07 and we got down on the dollarthe yen, trading down by nearly 4 . Jonathan bring up the bonds. Yields on treasury grinding got to alltime lows. Points on the session. And for me, you spoke earlier, the idea that they could use lose a triple Credit Rating in the United Kingdom. This is down 33 basis points. We talked about it being more acute on the continent. I believe it is down 12 basis points, 20 basis points on a 10 year yield right now. David it is a sovereign, so the effect is much
There is a little bit more bullish than an hour ago on stocks. There is a lot of money going to havens. Tom the flow of news into this mornings call more. Is calmer. The fragility, within the United Kingdom and United States political scenes, Something Else to talk about today. Francine there is a second vote and we understand it will be a twoway race between Andrea Leadsom and theresa may. Lets get to the bloomberg first word news with nejra cehic. Nejra francine, exactly as you say, the race to succeed David Cameron is narrowed to two candidates today. Theresa may and Andrea Leadsom are the favorites. Conservative Party Lawmakers vote in the second round today. The two contenders will face the parties wider membership. The new leader will be selected by september 9. Germanys chancellor Angela Merkel says there can be no sustainable security in europe but without russia. Germany and its partners the agree an offer to have a dialogue. Merkel told lawmakers she plans to boost defense sp
Someone from Morgan Stanley. Toid later, we continue focus on farmer with the merck ceo and chairman ken frazier, two important interviews you do not want to miss. Lets look at the markets. Jon futures a little bit softer , down by a 10th of 1 , the footsie with the biggest week of gains since 2011. Switch onof 1 , the the board and get to the bond comet, 10 years, treasury alltime lows, down by six basis points on the session, a softer down to 10 of5, 1 , expectations that a little bit of stimulus in the pipeline from the bank of england coming this summer. Alix that was the big news from yesterday didnt around the world, indepth coverage of our top stories, paul dobson is in london on the treasury yields hitting historic lows and the latest developments on the race for Prime Minister. Beijing, the latest manufacturing numbers in china and julie hyman on the stock move we saw. We begin in the third quarter, individual members. Lets start with paul dobson in london, is record low yield
Ceo of the alan Company Conference in idaho, we will have his take on the latest round of the bed for yahoo will verizon make the big move . The story today around global yields of course. Jonathan lets get everyone up to speed. Softer, up byle 1. 5 here in london, the losses piling up and mainland europe with the dax down by over 2 . If you to the headline in the fx market. The lowest since 1985, down by cured alltime low yields, japan, u. K. , u. S. , 10year yield down by 1. 33 . Crude softer at 45. 98. Gold at a twoyear high. 30 right here, right now. Lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories today. Guy johnson here in the city on the pound and the Global Equities and the current in asia, turning negative. Yelena shulyatyeva in new york, and possibly more stress for the u. K. Funds. Lets begin in the city with guy johnson. He joins us with a check of the market at the top, the fx market shining bright red yet again. 28 and
Of trading this week. The dax off by 0. 8 . ,f you lift out the stoxx 600 the biggest moving group is travel and leisure, perhaps no surprise. Switch up the board very quickly. Look at this. Dollaryen. Potentially the biggest weekly gain for dollar and in dollaryen in percentage terms in years. Treasuries having their worst week so far this year. 1. 54 of the u. S. 10year. David w. turning to the attack on nice, president hollande held an emergency meeting after 84 people were killed during a terror attack in the Southern City of nice. We turn to our bloomberg colleague who has been reporting on the story. Please bring us up to speed on what we know about this attack up to now. We know the name of the attacker now. Mohamed lahouaiej bouhlel. He has been identified as a 31yearold french tunisian national. Apparently, a family man with three children. His drivers license was found in the truck and police have man who was is the driving the truck into the crowd last night. He was not know