Fight to see this thing get between 2 and 3 . Manus chinas officials factory gates delivered a surprise jump revealing resilience. Consulting the article. Much harder to find bargains in the markets but stocks are the way to go. You put 100,000 in a 10 year for a form of investment, stocks still look attractive compared to that. Manus you are very welcome to daybreak europe. Anna edwards is out for the day. You are left with me. I am manus cranny. Lets take a look at what is going on with the market. You have had record after record. It is the rest of the market you might want to worry about. Buffett says yes, stocks are the way to go. The u. S. Stock market rally. It was a very small, select the ip crowd that game select vip crowd that gave you the highs. The flashpoint, a pileup in terms of the number of stocks hitting 52week lows this month is rising. The numbers making twoweek looks 52week lows s makingred the number has. Warren buffett saying it is harder to find a bargain. It is
You are welcome to bloomberg flagship europe, our show in the city of london. I am manus cranny. Hard brexit raising. And how itrling performs on various moments of rhetoric that are used. Theresa may taking to power the reaction to her Party Conference speech. It dropped by over 1 . Then we have her new year setting the scene for her brexit negotiations or the lack of detail vera. It dropped by nearly 1 . Overnight, what you are seeing is a real move, sub 120. Theresa may will announce taking control of immigration is worth giving up participation in the European Union. That is the information from the sunday times article. Government officials said they expect mays speech to cause further market correction. 41, or below . ,hat we really want to know is is there enough momentum in this speech to take sterling lower . We understand. We have not seen this in many years. Government officials are preparing to talk to the market. There is always bilateral conversation, but government offic
It seems like brexit is underpinning every investor fear and driving markets lower. It seems the Brexit Campaign is gaining serious momentum. Tom i guess i look at it like the fed meeting tomorrow. The Brexit Debate is data dependent. When i am fascinated by, i know we will touch upon it through bremainance, how do the people respond to what you see . Francine i do not think it is data dependent. I think there is emotion and it is a very Clear Campaign from the brexit people saying if you are historically one that takes the u. K. Can win this then you should vote for brexit. This is a very interesting nuanced game plan. Lets get straight to the bloomberg first word news with nejra cehic. Four new polls indicate the u. K. Is on a path to leave the european union. Has the leave faction ahead by as much as seven points. Britains biggest selling newspaper came out in favor of a brexit, saying if britain stays in the eu britain will be engulfed in a few years by this german dominated federa
Hello, welcome to the pulse, live here in london. Im mark barton. This is our market board for today. Stocks are marginally lower. The stoxx europe 600 down by. 25 . Up by 2. 2 this week. The worstperforming industry group, travel and leisure stocks down in the wake of the attack in the south of france overnight. Easyjet, thomas cook, air france, klm among the biggest decline is. The euro is up against the dollar today, the best run since may. The yield on the french 10year is up by a basis point bond yields rising in germany and the u. K. Stocks and bonds are lower. Yields are rising this week in france after falling for three consecutive weeks. The record low for the 10year,. 73 . Right, lets get to bloomberg first word news. Nic nejra chinas economy stabilize. Gdp jumped 6. 7 from a year earlier. Industrial output and retail sales could Beat Estimates while investment slow. The credit surge has been a prop to growth. May will visit edinburgh on her First Official appointment outside
Story, a little bit concerned about it. Those factorsof in the mix. Anna we do not need to revisit the fact we saw all materials down 40 in the last quarter. A little bit of a bounce in copper of days or so. Extending that bounce after we had the chinese data, at a oneweek high. Before you get too excited, Morgan Stanley talking about the worse to come something we heard from citigroup earlier. Guy not good news for ivan blazoglazenburg. We are watching the credit story, it is one of the factors that honestly has been behind the equity market rally. Markets beingt used as a way to generate buybacks. They elevate equity levels, and if that story stops spinning, because have a problem. But a bounce in copper, most things have come back. Let me show you the crossover index, this is the story credit has been signaling a much longer term concern being priced in. We saw a big selloff, that is glencore and a number of factors in their. We did see a big bounce, but nevertheless, the credit sto