Gold was making a bid for 1300. Now coming off that potential. Over,continues to roll separate from the macro events we are seeing there. It is down 0. 6 . David dan coats will testify before the Senate Committee on intelligence. At 10 30, we get weekly crude inventory numbers for the u. S. We expect supplies to fall. President trump continues his infrastructure week, traveling to cincinnati, to talk about investments in waterways. Jonathan we begin in spain co popular has been rescued by santander in a takeover. Seeing debt surging. Joining us to discuss more on the acquisition is Bloomberg Intelligence ajit. It will not make sense to people outside the markets. Market, this makes a lot of sense. Walk me through the junior debt and the senior debt. What has happened is overnight the ecb has market, ta lot of sense. Deemed popular is likely to fail. Debt,eans the tier one the tier to get have been two debt have been written down. Two has been converted into shares and transferred to sa
S p 500 having their worst day since may 17th. So youve got to go back weeks just for even modest declines like that. This morning dow futures indicated up by 15 points. S p futures up by 2 and nasdaq up close to 10. Overnight you did see gains in the chinese markets. Japanese nikkei was flat as well. In europe this morning in some of the early trading there. Lets get a look at whats happening in the u. K. Ahead of the elections tomorrow. Stocks are slightly higher. Up by just under. 2 of a percent. The cac is up. Take a look at the treasury market. This is the one thats been causing so much consternation. The ten year note sitting just above 2. 15 but hovering around this level even though we do expect the fed is likely to raise Interest Rates next week. A lot of people wondering whats going on. Some of the weaker Economic Data including the jobs report leading market watchers to assume that the fed, even if it does raise next week, that it wont do it again in the near future. Lets ta
Face of these key events with european stocks hugging the flat line one hour into the trading session while oil recovers from a 5 drop stateside. President trump told james comey, i need loyalty, according to the former fbi directors prereleased statement to congress. Comey, who will testify on capitol hill today said the president urged the fbi to make a public announcement saying it was not investigating him personally and pushed him to drop the investigation into former nsa chief Michael Flynn. Nbcs Pete Williams has more details from the sevenpage testimony. James comey gives a dramatic account, often in vivid detail of five oneonone conversations with donald trump. The first with president elect trump in new york on january 6th, a briefing on the investigation of russias meddling and salacious claims that mr. Trump was involved with prostitutes four years earlier the in moscow. Comey says he thought about whether to give an assurance about mr. Trump not being under investigation.
The spectrum. We look at Asset Classes and gold and yen and, looking, of course, the geopolitics. In the meantime, this is what the data is telling us. A reminder for all of you americans, it is Independence Day. The markets in the u. S. Are closed, which means we are seeing a little bit thin trading, a selloff in risky assets globally as north korea claimed a successful Intercontinental Missile launch. Havens both advancing. You can see the vix a touch up at 11. 22. We will have plenty more on the markets but lets get to the first word news. Nejra speaking of risky assets, oil has halted gains after the longest winning streak after rude shows that opecs c production rose to its highest level in june. The increase came from libya and nigeria which are exempt from making cuts under the deal agreed between opec and its allies. Janet yellen was hospitalized over the weekend and luncheon for treatment of a Minor Infection and is heading home. Yellen was admitted on friday and released yest
A tech selloff, disappointing amazon earnings weigh on asian stock. The euro rallies against the frank for the highest level since 2050. 2015. Everyone welcome to bloomberg daybreak europe, our flagship morning show from london. I am anna edwards. We have so much news from the Banking Sector. We brought some of it to you in our headlines. Lets get into samsung. We are getting numbers from this from from the spanish bank right now. That is the head of the estimate of 1. 73. This is the business in transition at the moment. They added a portfolio that did not look as favorable as their own. This is a Company Moving ahead with its plans to digest the failing bank popular as the largest ranks have an working to sell 30 billion euros in real estate assets. They are trying to sell these real estate assets. They have until the end of this month to submit their offers. Sale is the the current topic of conversation e up we are getting these cell is the current topic of conversation. We are gett