Im anna edwards. Manus and im manus cranny. Algorithms abound in the market, smashed down 6 at its worst point today, but that is nothing. On the brexit day, we dropped by over 8 . We dropped by 6 and saw it come back to a decline of 1 , standard deviation. There they are. This is one standard deviation, two standard deviations. Has dropped by approximately one and a half standard deviations. Goldman sachs says there has been a big psychological break. That break of 120 changes the dynamic. On one platform, it traded down to 113. 78. Hollandether francois had something to do with it during a very low volume period of trading, that is something to consider. Lets start the risk radar around the pound and show you how we are recovering. The pound was selling against a number of currencies, not just the dollar. We have recovered a bit, that we are still down 1. 5 against the u. S. Dollar into down by 1 against the euro. We have seen is essential move, or the Great British selloff. Manus th
Weve got a great show lined up for you today. At 9 30 we have our special Weekly Program brexit, what is next . Our panel will round up a dramatic week for the u. K. Next line the ftses rally. We bring you all of the political news as the country plants its exit. At desperate forget to all of that, lets take a quick check on what is happening. The big story is sterling today. It dropped more than 6 in two minutes. 12455 1. 2455. It did drop as low as 1. 18 41 and one point. The ftse 100 pointing higher, up. 5 . Still well above the 7000 mark. A lot of the gains in the ftse have the currency effect of a weaker sterling. By. 5 . X 600 down just to take a check on the 10 90r gilt yield, where at basis points there. Lets switch of the board and take a look at another essay class. The dollar up for a fifth day. Desk that its of the ahead of the jobs data we are getting out of the u. S. Later. The market beginning to price in that fed rate hike in december. We are seeing its longest rally si
Stocks are going to end. Ceo jimin charge, moran, joins us later in the program. First, markets. David in the markets this morning jonathan in the markets this morning, s p 500 futures down. Over in europe, a day of gains. The ftse up 510 and the dax up 1 10 of 1 . We will get through the other Asset Classes for you. Cable, big story. The pound at 144 as i speak and the euro at 1422. 47. 75. Ti up about 1 10 of 1 . Around the world and check in with our Bloomberg Team for indepth coverage of our top four stories. Mike mckee on a barrage of u. S. Economic data this morning. Guy johnson has details. Will kennedy is in london for the latest on the oil rally and home depot beats the street. We will break it down with matt townsend. In new york. Plenty of Economic Data including Consumer Prices, and housing starts. Michael mckee has great sense with his presence. This is all about inflation. How decisive will todays cpi really be . , for twot be decisive reasons. The feds target is based on
Outweigh the negatives but still there is no data out there. Headss top messaging app toward the biggest tech ipo of the year. A possible value of 6 million. Up 56 now from the lows we saw in september. The Glass Ceiling has been shattered. Hillary clinton has enough delegates to be the democratic nominee for president. The 2016 election is now officially underway. Do follow me on twitter. Out of thews coming philippines. The latest inflation readings. Unders putting inflation the centralbank target of two and 4 . This is the 13th consecutive month it is coming below that level. We look at what was going on here and then predicted a rise of 1. 3 . China hong kong markets getting underway in 30 minutes. Singapore taiwan malaysia. Juliet, a third day of rising equities as part of the world. A fiveweek high for asian markets. Its all about the janet yellen effect. More about what she didnt say that what she said. Market was looking for specific timing for when the fed would take action. I
Singapore, malaise yarks taiwan and the philippines looking quite good. Korea holding on to gains from yesterday. Weakness coming through on the nikkei 225. We had the First Quarter g. D. P. Numbers coming through in line with what the market was looking for. We have seen japanese stocks if you cant. That is due to the fabblingt that we are fact that we are still seeing some weakness. Down. 5 . Still an hour to go in the morning session. Weakness in australia. Down. 2 . Just want to do a quick check on the aussie dollar as we await these dollars coming through out of china. Leaving rates on hold yesterday and the yen continuing to strength playing into the equity market. Through 107, 106. 76, rish. Rishaad we have a survey, Bloomberg Survey expecting more signs of stability but perhaps indications of weakness. Still waiting for the numbers to cross. A little bit delayed today. But youre wait. Were going to see maybe a return to a little bit more weakness. Is that the right way to put i