I am anna edwards in london. I am maus cranny in london. This is when it gets more interesting. In toyen, mining going the yen, coming out of the dollar. It tumbled to a twomonth low, all building up on brexit anxiety. Hedge funds doubling their short positions to the most since june 23, and they have had bullish bets on yen, so this is the prism through which markets are looking at risk. Move, butrling on the the biggest move is in dollaryen. That is the prism. We are building up to brexit risk. Central banks will be speaking this week. What will they say . Well they hold . The vote around eu membership for the u. K. On june 23. Lets update viewers on other markets, and fci pacific under pressure. Japanese stocks under water. The yen strength as you really having an impact on stock markets in japan. 10 year bond yields dropping to record lows. The gold price rarely flat, but still at its highest in three weeks on that socalled brexit risk. Saying thatomics. Ould bounce to we are down
The leave process sooner rather than later. Spanish voters head to the polls for this exam in sixmonth and middle eastern stocks extend losses from fridays selloffs. What istle bit about happening with the market, this is where we stand. The big new friday. The pound getting absolutely battered. 13679. Does that carry in to the morning . We will see. There is a big spread at the moment is to wear sterling could go. The 600 was down 7 . Gettingho tells you into a currency like the dollar gets into a different story. On the belief governor marconi will do more. Will that happen . Will Governor Carney still be Governor Carney . Lets see where it is. The banks render rusher. This is the story stateside. Down by 3. 5 just north of the 20,000 level. Safety trade remains u. S. Treasury and gold. As you can see, gold around 4. 5 . There you have it. Now lets go around the world and check in with our Bloomberg Team for indepth coverage. In a edmonds is in westminster with what is next in the u.
Voting to quit the European Union. Beenigning for brexit has suspended after the killing of an mp committed to staying in the eu. A man has been arrested. Follow me on twitter at rishaadtv, using trendingbusiness as well. And 30ding day underway minutes in hong kong and shanghai. At theaving a look glass is halffull today, isnt it . Bulls i session for the to put their hats on. A solid tone compared to yesterday. Are looking at gains at the moment, 7 10 of 1 . Not quite erasing the losses yesterday in japan. We have managed to offset the week. Poised for a weekly decline. Story has been ons pop right here dollaryen. Comments,o do with basically expressing concern that these recent moves and dollaryen have been onesided, abrupt, and speculative, playing off the risk of brexit. Chatterrked a series about a possible intervention. On that note, the central bank and finance ministry are meeting at the moment right now in tokyo to Exchange Information on global markets. One currency trader s
Result. A bank may move its headquarters from london if britain decides to walk away. Follow me on twitter rishaadtv, include trendingbusiness. Straight to the markets, jitters out there. A few hours from the historic vote in the u. K. People start voting and about four hours. Is there an overriding sense of fear . David caution is a better way to describe it. There is some level of restraint. There is only one game in town. Inflation out of philippines, singapore, but none of that matters if youre looking to arbitrage these exchanges at the moment. It is about the u. K. Referendum. Volumes belowxed, recent averages. Some of these thats have piled up a little bit in favor of the u. K. Remaining in the eu. Generally speaking, the past few days have seen funds go overweight in terms of cash. Have a look at what is happening dollaryen, va doing this. We are closer to the high end of the range. How do you trade this . If the u. K. Votes to remain, how do you trade that . So the yen if you
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