State victories and macrons swearingin. Oil up on news of more Production Cuts and an Empire Manufacturing the first negative read since the election. Our road map begins with a cyber warning after hackers attack 1 50 countries over the weekend. Microsoft said it should serve as a wakeup call to governments around the world. And theres an agreement on the extension of the Oil Production cuts. The white house is hopefully to quickly pick the next fbi director. Will democrats make that possible . First up this morning, asian governments and businesses reporting some disruptions from this Wannacry Ransomware worm this morning. Its locked up hundreds of thousands of computers in more than 150 countries since friday. Security experts warning of further disruptions as more systems come online today. We have examples of schools for instance in south korea warning their students not to fire up their computers today for fear this could get a new leg as people turn things on. Whats amazing about
Wages are getting squeezed, that is a problem, but we do have an upside inflation issue and that will be something we need to dig into. Im trying to look at the details who it was. Less thane only have normal membership of the bank of england mpc. Voting already effectively for a hike, now it looks like others will vote that way as well. Is an upside story, rather than a downside story. Christian Ian Mccafferty has been there before. Saunders to the mpc, relatively new compared to the rest of the mpc. Talk about three voting members running their hand up for an Interest Rate hike, when the politics have become even murkier. Those hawks as well, they are independent members, which is another fact you have to think about, as well. That is a factor, too. The governor of the bank of england will be speaking this evening, across the road from his usual venue and of course we have the chancellor coming through. There is extreme clinical uncertainty in the u. K. Right now, we are uncertain of
Bestselling has e selling has ebbed somewhat. David we get the advanced goods trade balance for the month of may. At nine 30, ecb president mario draghi, bank of England Governor Mark carney and bank of japan and the bank of Canada Governor will speak at the ecbs forum over in portugal. At 10 00, it is u. S. Pending home sale numbers for the last weeklynd we will get crude inventories data after oil has come off with its most consistent gains in almost a month. Jonathan that is the lineup for the rest of the day. The lineup for the next 10 minutes, if you want political theater, you will want this. The house of commons where Prime Minister theresa may will be taking questions for the First Time Since the general election, pitting her against the labor leader in the opposition, Jeremy Corbyn. T is may versus corbyn you can watch that on your bloomberg terminal. That will begin shortly. Over in the United Kingdom, the story in the world of Central Banks is the fed taking notice of rising
Seen bond yields go higher and feel some gains within the financial world. We will get to that in a minute. As you look at the major averages, we are seeing gains across the board. The nasdaq is particular, bouncing off its 50 day moving average, are getting close to it. And the highs of the session here are up 1. 26 . But this is outpacing even the nasdaq, and small caps have regained their recent momentum, now at 1. 6 . But take a look at the bloomberg here. Chart i have been watching since the election because small caps came out so strong postelection, and now they are bouncing, this is a ratio of the russell 2002 the s p 500. They have both been bouncing to some degree or outperforming since the beginning of june. After the financials, to get back there to them, this is trading at its highest in three months. We have the second round of the stress test coming out after the close of trading, and following that we will hear about these Companies Capital return plans, whether they ha
Seen bond yields go higher and feel some gains within the financial world. We will get to that in a minute. As you look at the major averages, we are seeing gains across the board. The nasdaq is particular, bouncing off its 50 day moving average, are getting close to it. And the highs of the session here are up 1. 26 . But this is outpacing even the nasdaq, and small caps have regained their recent momentum, now at 1. 6 . But take a look at the bloomberg here. Chart i have been watching since the election because small caps came out so strong postelection, and now they are bouncing, this is a ratio of the russell 2002 the s p 500. They have both been bouncing to some degree or outperforming since the beginning of june. After the financials, to get back there to them, this is trading at its highest in three months. We have the second round of the stress test coming out after the close of trading, and following that we will hear about these Companies Capital return plans, whether they ha