This is bloomberg urveillance. I am francine look. Happy monday. We have a great show lined up. Party and hadhe off the challenge from the National Front . We get the latest from paris. Plus, Aberdeen Asset management reports net outflows. We interview the ceo Martin Gilbert. Into trump trades falters. Some of the trades that have performed best sentencing election. Taking the pulse. Here is nara. Nehra. Nehra ministers are flying in for talks to saudi arabia for the first time. Delegates due to meet and be in on wednesday. Finalize the terms of the first production decrease and eight years. President elect donald trump has claimed without evidence the u. S. Evidence had fudge want voting. He said he won the popular vote if millions who voted illegally removed. Ry are a push for recounts and three battleground states. Cap said that was also budget went and called his critics cry babies the death of longtime leader fidel castro. Cuban flag is flying at half mast. Funeral will take place
In sight. Wherehave a look at european equities are trading right now. Just under 30 minutes to the close. What was the longestrunning weekly gain since july, three weeks for the stoxx 600 has come to an end. We are seeing losses pretty much across the board. Greece down more than 3 . Down one point 8 . We are seeing the euro stoxx 50 down, germanys dax down as well. Sterling has dipped below 124 today. Down 5 10 of a percent on the pound. In fixed income markets it was a good 10 year yields the german 10 year yield down five basis points. We see yields move down in the core in france and germany if we look at the bond market. A lot of movement in commodities as well. I will get to oil in just a moment. We are seeing that rally in metals, too. Look at italian banks. This one of the recent we are seeing the stoxx 600 fall over all because of the weight of what is happening with italian banks. The index is heading for its lowest level in more than three months. To abouting its drop 15 .
Live from bloombergs european headquarters. I am Francine Lacqua. We have a great panel on banking coming up. This is a picture for the markets. The pound dropping by the most in weeks after the prime starter announced it will rolling the u. K. Out of the eu. We are getting manufacturing pi pmi coming in inline. Brexitldve had if any impact, 52. 6 is the figure for eurozone manufacturing. Overall european stocks unchanged. The pound on the pound weakening. About Deutsche Bank will be played out in the states. We do seem closer to a resolution on the doj number. , 2. 4 higher. Lets get to the bloomberg first word news with nejra cehic. Nejra the pound fell after the british Prime Ministers says she will pull the trigger on exit on brexit by the end of march. A twoyear process of taking the nation out of the european union. The confederation of british industry has called guidance on how u. K. Business will trade. Meanwhile the u. K. Chancellor Philip Hammond will use his first majors be
Had been a high, 50s on the side and the mountain. Bbckside. Sing in the 12 relative humidity. 13 down in pueblo. Fire weather warnings, until 7 00, denver to the eastern plains, sigrid thunderstorm watch in and nebraska a couple warnings in north platte, freeze warning for the High Mountain advance of the front starting to cut through the metro area scattered scattered rain and showers behind the front as it the the wind becomes gusty in the . Orthwest. Pretty good thunderheads. And jewels for park, this is the view in dia, dark clouds, strong winds, some mountain snow, fire danger will diminish later on tonights the winds and cooler temperatures mooe in. Down trump is in colorado today it started in pueblo and then in loveland a good meeting with voters to try and convince them to should choose must the the next precedent. It reports that the state tax returns from 95 he claims a loss he claims a loss of nearly 960 million in his personal income taxes. It may have a allowed trump to
Brexit. That came up to a 15, 16 month high. Coming to brexit, i just dont know if she has a plan. I think that is the confusion today. Emphasis appears to be on immigration. Represented in the market. Coming up we have several guest. Charles peabody managing director of compass. Is here to talk about systemic increase. Deutsche banks chief economist joins us to help make sense of store for a Europian Union minus one. Time, the market. Lets get the global score card up. Relatively flat in the united states. Percentage point. Today in losed frankfurt. 128. 78 down. Two opposing forces. Throughout the uk is positive. He politics thats whats weighing on sterling. The pound sliding after the pledged rime minister to start pulling the uk out of the Europian Union by march. Theres no such thing as a ifference between soft brexit and hard brexit. Hard brexit is a conscious reject trade is a false dichotomy. Whether people like it or not, the country voted to leave the and that means we are go