Betterthanexpected chinese data, giving a lift to the market. It may have gotten a little bit better. Opec up 1. 7 . Of november manufacturing also ,oming out, that tmi figure indicating a contraction because its below 50 but better than the 46. 6 that was our preliminary preview. Coming up its merger monday, all things deals with the cohead of global m a a jp morgan. Lets get straight to the bloomberg first word news. Signaling they will consider deeper cuts ahead of the latest opec plus summit. This is despite the rest of the coalition showing reluctance to refuse output reduce output even further. The meeting in vienna starts in december the fifth. The Junior Coalition partner in the German Government electing a new leadership, throwing the government into crisis. Social democrats are bringing in a team that vocally opposes the alliance with chancellor Angela Merkel. The new leadership signaling it wont bring an abrupt end to the coalition and its more likely to put forward a set of
Surveillance. Yesterday, we saw a selloff on the back of the President Trump press conference here in nato. Lets get that board up for you to look at your markets. , they are treasuries extending gains. I am also looking at shares in asia. Stocks in europe edging higher. I am looking at that vote in the u. S. House. And what that means for sentiment on your markets. Coming up, a conversation with londons mayor sadiq khan. First, lets get straight to first word news in new york city. She simply did not have the resources to keep running. ,his, from Kamala Harris suspending her campaign for the democratic residential nomination. President ial nomination. She had a strong start but her campaign failed to catch on. Opec plus sending mixed signals about output. Iraqs oil minister reiterated his view cartels should deepen cuts. An earlier technical meeting ended without any discussion of steeper cutbacks. There are a number of key members, yes, they want to do that. Addition toels in the 1.
In terms of prices in real estate, by any means. All of this means Slower Growth going into the Fourth Quarter of the year. The economy is fairly weak , but the data today shows things moving in the right direction. Abigail alibaba goes public on their home turf. The Company Narrows the valuation gap to amazon. Abigail the u. K. Election campaign heads into the home stretch. It is very easy to see how we could end up in a Hung Parliament territory. Abigail m a madness with a delusion of big deals. This is a company that has been on an acquisition spree. A lot, but they can deftly do definitely do it. The general feeling is they probably will go through, but how long it will take . Abigail a new suite of leaders brings a fresh set of goals to the European Commission. Climate change is existential. But it is a huge opportunity, too. Every company should contribute. Indeed, the Banking Union will be one of the next commissions priorities. Abigail it is all straight ahead on bloomberg best
Figure in focus as investors search for clues about the next fed rate hike. With the u. K. Election less than a week away, we speak to iain duncan smith. Good morning. This is bloomberg surveillance. Im Francine Lacqua here in london. Theres a lot of news today and that has loads of implications for all the data across the board. Lets get straight to it. Global stocks are up. The nikkei 225 stock average topped 20,000 points for the 2015. Time since this is mainly as private american hiring data bolstered confidence in the economy. We have to wait for that jobs data today coming through. This is what were seeing for pound, weakening a touch. Look out for pound. We are just seven days until that election, june 8. Yen, im seeing a little movement. 111. 56. Crude oil, we will be speaking to the opec secretarygeneral shortly. Lets get straight to the bloomberg first word news. Nejra we start in the u. S. The Trump Administration has asked the u. S. Supreme court to reinstate its travel ban