Good morning, everyone. Welcome to bloomberg surveillance. Im Francine Lacqua here in london. We are getting some breaking news out of the u. S. This is President Trump, according to bloomberg sources, putting up to 100 million of his own cash into the president ial race. This is what the markets are looking at. If you look at eurodollar, there is a bit of movement on eurodollar, but also pound. European stocks are sliding, led by technology stocks. Oil dropping 28 two month low to a two month low. There is concerns that President Donald Trump has been stoking these tensions with china and germany. We are seeing construction companies, Mining Companies leading losses across the stoxx europe 600. Lets get straight to the bloomberg first word news. Good morning. Lets start in the u. K. , where the chief brexit negotiator has called for realism from the eu ahead of the latest round of trade talks today. Hean emailed statement, warned britain must be treated as an independent country if pr
Yesterday. People were out jogging and playing beach volleyball. The trend is not about to go away yet. You will have another to get outside and enjoy the sun today. Brian hackney has more. Good sunday morning. Things will not change dramatically today. High pressure is in place. And so are the california record load temperatures. Low temperatures. We are looking forward for it to be sunny and warm. Clear and cool tonight. Dry all the way through midmonth. San francisco hits 70. Concord, 74. San jose, 74. Mid70s. It will cool a little bit in the coming week. But not much. It will be sunny all the way through next weekend. Not a drop of rain in sight. Will have more on the and forecast more on the forecast in a few minutes. Police in oakland are dealing with yet another sideshow. It began at about 2 00 this morning near high street and foothill boulevard. Police cited numerous drivers. Take a look at what is going on in the streets. Pandemonium in the Early Morning hours is all too regu
Well. How it the euro is performing. We are at one dollar 1016. The emergency button. We are trading 2 lower. In terms of concern. It has been seen as a haven. I want to look at the u. S. That. Money u. S. Debt. Money moving into treasuries this morning. Chinese bonds have been rallying. Similar in japan and germany. We are looking for that safety right now. Money tentatively starting to go back into italy. Hope that we might see some sort of deal struck in greece. Finance ministers talking about all of this. Let us look quickly at all of the stocks. Barclays up 2. 6 . Euphoria potentially did when barkley comes out with his earnings, it may benefit. Potentially more restructuring to come. John mcfarlane immediately making this changes, deciding to get rid of the chief executive Antony Jenkins. He will be the interim ceo. This particular drug maker higher. Done by 3 . Down by 3 . They reduce their forecast for organic sales for the year. Downgrading their forecast. Down goes the stock,
Francine welcome to the pulse or call the pulse. Super thursday has been dubbed the thursday of the year. The bank of england is said to publish a slew of data. The boe decision minute of it meeting are being released at lunchtime as the governor mark carney works to improve transparency. In this torrent of data, how many members are we expecting to call for an Interest Rate hike . That is the big question. The majority of economists do expect a split in the vote. There are nine members. 19 of the 20 economists surveyed by bloomberg expect if it expect a split. More than half expect to members to vote for decision. We have seen some vote for tighter policy, they dropped that in january when they all inflation fall. They will be closely watching to see of any others vote. Francine the strength of the currency is also compensating things for the governor. Absolutely. This is a tight rope he will have to walk as he delivers his press conference. The pound in the past month has been streng
Agree on a plan as well . Greece. Is there for lets have a look at the euro. We are basically trading flat. Expectations were 225,000 jobs to be added. 200 15,000 jobs being added to the u. S. Economy. You are seeing the dollar trade flat today. I want to show you the Market Reaction on friday when we did see that sudden spike higher when we saw that number come in ahead of 200 thousand. Lets have a look at the commodity trade. The china effect. We are seeing copper pretty much flat. Not much of a selloff. We saw moves in the aussie dollar and the kiwi. When it comes to the recourses, pretty flat. Copper, resilient, moving that little bit higher. Lets look at what is happening in turkey. We are talking about geopolitical risks, tragic bombings in istanbul. We did see a move in the turkish lira. This is currently flat at the moment. The market taking it in stride. We have not seen turkish stocks react that wildly. Oil trading lower once again. More u. S. Rigs being added. Still, the sup