European future. We will look back at that result and what has changed as the negotiations finally get underway. Well speak to a member of the house of lords who thinks that brexit want happen. Wont happen. We will also have the director of europol. This is what were getting. A little bit of news in the form of pmi. This is what theyre coming out with. Falling to 54. 7. Below forecast. We were expecting a figure of 56. 8. Its coming in at 57. 3. That is for manufacturing. If you look at the Services June pmi, falling by three percentage points. Seeon to the data to whether we are seeing any impact from that weaker than expected pmi. Overall, Global Equities mixed after we did have some fed speakers saying they will do little to alter projections for the path of Interest Rates. Oil fluctuating. Below 43 a barrel. Out for isould look pound as we try to assess what the brexit vote, the oneyear anniversary, means for the brexit vote and e. U. Nationals living in the u. K. Lets get to first
A Norwegian Oil giant. Lets have a look at where european equities are trading right now. Minutes, under 30 minutes from the close of equity trading and we are seeing the stoxx 600 lower in todays session. It is heading for a weekly loss and headed for its first monthly decline since january, as you can see from this bart chart. A little bit of risk off inequities in the are seeing the risk off across the ftse. I showed you a chart of the ftse 100 in sterling and dollar terms because the thing with the ftse 100 is that the pound has weekend, we have seen the ftse 100 gained, but in dollar terms, it is not been so stunning. Looking at the ftse 250, we have seen this chart normalized, some doubledigit gains in this sort of index of midcaps and the u. K. , but again, those doubledigit gains coming when you look at the ftse 250 in terms of sterling. When you look at it in dollar terms, it is down some 3 since the brexit vote. That is looking at u. K. Equities. Taking a look at the gilt mar
A very warm welcome to bloomberg daybreak europe. It is our flagship morning show in london. Im manus cranny. We have a great show for you today. We have a couple very interesting conversations and these gentlemen will join us. At 6 30, we speak to the ceo of allied irish bank about the companys ipo, which seems to have gone so far, so well. And then we will be speaking to colum eastwood, getting his reaction to the deal done between the tories and the d. U. P. Welcome to daybreak and the markets. It comes to talking about bullishness, have a look at this. Chart number 461, just closing in the green. But there is an uneasiness in the market. The citigroup sentiment indicator. When it is in the bearishness, it is in the red. This indicator shows the growing divorce between bearishness and where the s p is. That gap is widening. Being in the s p is not the most crowded trade in the world. The net long valuations are pretty close to neutral. They raised their cash allocation. Those are th
We will speak with alex kruger, the head of the private equity firm first reserve. Lets have a look at where european equities are trading when now 30 minutes until the end of the trading session. Stocks falling for the fourth day and tension has been on central bankers. In the meantime, the imf cutting its assessment of the u. S. Economy. Ambitions ofumps 3 growth are possibly pieinthesky come up my words not the imf words. You can see the currencies rising against the dollar and bonds and commodities and cds. Lets get the bloomberg barometer. Wellbeing is positive. Below zero. Shows th shows the opposite. We did have some data today in the u. K. Consumers feeling just as gloomy as they were after the brexit vote a year ago. We had an index of Consumer Confidence dropping to 106. 9 in june, a level only slightly higher than that post referendum low. This is from the center of economic and business research. A fascinating piece of data. This gauge does look at gauges such as inflation,
Launched an icbm for the first time. President trump tweeted that perhaps china would end this nonsense once and for all. And china willia be meeting. Chinas official news agency, trade between 33 inand china raised the first five months of the year. Further questions about Donald Trumps travel ban. The state of hawaii is challenging the enforcement of the order. They asked a federal judge to deny. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. Thank you very much. Those are the headlines. Lets look at the markets to show you where we are on the European Equity session. The fourth of july is celebrating in the u. S. This is the picture right now. 0. 2 at the moment. We have seen north korea digesting the carried out that icbm launch. Some strengthening. We have the dollaryen strengthening. Yields are weaker. Is a little weaker now. Stories, north korea claimed they successfully launched an