hello there. we start here in the uk, where the two rivals vying to become the next prime minister have been setting out their contrasting economic plans and attacking each others . foreign secretary liz truss, currently the favourite to win, has suggested her party s economic policy has been wrong notjust under her rival, former chancellor rishi sunak, but for its entire period in power. ms truss said the past two decades had failed to deliver growth and promised billions of pounds in immediate tax cuts. we ve got the highest taxes for 70 years. we ve got lower debt than the united states, than japan, than canada. no other countries are raising taxes and the oecd countries are raising taxes and the 0ecd has described our current policy as contractionary and contractionary, it essentially means policies that lead to a recession. so what i want to do is increase tax revenues by growing the economy, not choke off growth by raising taxes. mr sunak has been restating his plan to
London time boost the odds . Keep an eye on that speech later. President trumps suggestion that rhetoric is debt could be wiped out spooks wall street. The comments back. We will discuss. Move, you have barely anything happening here. Ibex. N eye on the it was a big move to the downside and we saw it replicated in other Asset Classes. Keep an eye on how spanish markets are digesting what we got overnight. Lets talk about the gmm and what is happening around the world. Asian markets had a good nights sleep. Nothing really happened overnight apart from some weak retail sated sales data. That was pretty much it. The dollar has gained action traction. Im wondering whether europe comes back with a bank this morning and delivers some surprises. We will watch the market open. Could be an interesting start to the day. An interesting session. Lets get a first word news up eight update. Selfie we are starting with puerto rico which faces a Government Shutdown at the end of the month. That is acc
Share sale. An activist investor creates a connection for ericsson. Shares in the Swedish Telecom equipment maker rally as Cevian Capital buys a stake of just over 5 citing the companys potential. Good morning. Glad youre with us once again. Lets look at the stoxx 600. Fairly subdued picture. We are off by less than one point. Hardly any action on the stoxx 600 this morning. Lets show you whats happening on a market by market basis. The ftse 100 at 7,545. The latest polls show theresa may may lose hir er majority ine house of commons. One sector under pressure is basic resources off by 1. 5 , despite fairly upbeat chinese Economic Data in the form of manufacturing pmis. Autos also under pressure. Food and beverages, households good, technology also on the upside. The f. A. N. G. Stocks have outperformed the u. S. Markets year to date up some 30 . Back to our top story. A massive car bomb rocked central kabul killing more than 60 people and injuring over 300, thats according to the inte
The nasdaq is at its highest level since december of 2015. Also headed for a record high close. Take a look at the s p 500. It has now passed a record close, pass the intraday high past the intraday passed intraday high if you take a look chart. Which, hopefully, we can pull up right there. The dow jones is also closing in on the summer record high. This, 18,254. So, pretty close to that. Also very close to an intraday high. Those are the two numbers i wish you would watch out for. Going to the function on the bloomberg terminal, you can see that those factors are gaining with the only two decliners being the defense on this risk on environment where you see Consumer Staples and Telecom Communications declining. Remember, they are also subject interestrate risks. Vonnie what are the individual movers that you are watching . Shery looking at airlines, boeing has this big boost coming from the air show. 1. 6 foreing them gain the third consecutive day. For 30,ounced the deal more than 3
(Bloomberg) Prime Minister Pedro Sanchez announced that he may resign after a court in Spain opened an investigation into his wife, pushing the country into uncharted political territory and raising the possibility of a new general election. Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityZuckerberg Asks for Patience as Meta’s AI Push Spooks InvestorsTaylor Swift Is Proo