No trading in the u. S. Because of the thanksgiving day holiday. Most european Equities Trading higher today. These are the currencies writing against the dollar index. You have yields declining in europe. Ime really interesting charts want to bring in today. The gains sending the dax to a second quarterly advance our failing to spread to midsize companies. Its againstck for underperformance relative to the large cap dax since 2012, sending its valuation to a half year low relative to the bond proxies. They have lost ground as tenured rising,unk, yields are a wonderful divergence between the dax and am dax. Ets stay with germany german Business Confidence holding at its highest level in more than two years in november, signaling the recovery in europes biggest economy does remain on track. The Business Climate index staying at 110. 4, the strongest since april 2014. Adding to signs that europes biggest economy pays after the slowdown. Supported by domestic demand, we had a slump in exp
From thelso hear former ecb president. Europes Economic Performance under the microscope. Looking at how costly of brexit could be for investors. And the latest on from versus clinton. Lets started off with the rush into Government Bonds winding no reversing today. Where we are with prominent investors and where we might be going. Was here, which brings the question if we are with heading into negative territory in the u. S. . We are seeing record lows, as. Ou say to fea everybody is buying bonds. If everybody is in the same trade, the potential for disaster decides to get bigger and bigger. Bad job report, you buy treasuries. Find a safe place to park your cash until you know what is going to happen. Moving intorybody the bond market, short term paper is becoming more expensive and harder to get. Investors are being pushed out the yield curve. We have the impact on longerterm bonds. The citibank macro risk indicator, how concerned people are about where things are going short but thel
Need to start looking at the implications of a possible brexit. Tom we are going to touch on that. I want to say thank you to all the people who emailed in about the new wants we gave to all the data checks. It is that kind of thursday and friday. Francine it all goes back to negative rates and the limits of Monetary Policy. Lets get to the bloomberg first word news. President obama made it official. He has formally endorsed Hillary Clinton to succeed him in the white house. Nbcsinterview on tonight show, he spoke. The main role on going to be playing in this process is to remind the American People that this is a serious job. This is not reality tv. Ive seen the decisions that have to be made and the work that has to be done. President obama will campaign with Hillary Clinton next week. Teams hunting for the missing malaysia airliner will inspect debris. Debris may be spread out over 6200 miles. That plane disappeared more than two years ago. Brexit wouldays a rock european stocks. Eu
Extra liquidity and take necessary steps to ensure stability. Welcome to we are seeing stocks across the world really plunging. The pound at a 45year low. I want to show you the breakaway for the euro stoxx 50. It all has to do with the safety blanket. Theres a clear move, some calling it a shot for the banks and homebuilders. We are live in brussels, paris, and berlin. Here in the u. K. Capital, anna edwards is in berlin. Westminster. We will bring you Global Coverage throughout the show. Lets get you more on those dramatic moves. We have three boards to get through very quickly. It has been brutal. We know from traders that they havent slept. 700, but the ftse is above that mark. We had mark carney saying he is ready to act and providing extra liquidity. That has put a little bit of a safety blanket on the ftse 100. This is a picture for europound. This is a very clear bid on to some of the havens. We are seeing losses like we havent seen since the financial crisis. We havent seen it
Below 50. The future of the uk hangs in the balance. We go live to london on the vote that could rock the markets. A new ruling keeps the status quo at least as it relates to viacoms board of directors. And twillio priced above the range. Well bring you the opening trades, plus talk to the ceo. First up, britains future is in the hands to the voters. A new poll shows 52 remain, which is a change from a few days ago, definitely from a few weeks ago. A new poll says theyre going to stay and its going to be a nonevent. Everything is being bid up but the financials are not being bid up as much as the others. Even if we do get a stay, that Financial Group remains under a lot of pressure. I think thats when the smoke clears, were going to see that the Financial Group over there still not strong. That will be the focus. Well go back to earnings. The word asymmetric being tossed around a lot today, jim, because of the way we priced in this remain vote over the past few days. Would a leave vote