Imagine this may impact the trade volumes we will see on the new york stock exchange. First, lets get to the bloomberg first word news. Heres emma chandra. U. S. Senate republicans think the party should we plan its plan to replace obamacare after the Congressional Budget Office says more than 40 million americans could lose health care. By 2026, the number of Americans Losing Health Coverage would rise to 24 million. Prime minister theresa may is about to start the formal process of leaving the european union. Parliament signed off on a bill to trigger article 50. Chinas economy held its momentum the first two months of the year. Industrial production was up 6. 3 from a year ago. That was slightly less than expected. Part of the eastern u. S. Is prepared to be buried in snow. Half ofe foot and a snow is inspected in new york, and it is already falling. Schools have been closed. More than 5000 flights were canceled. And german chancellor Angela Merkel delayed her trip to washington. Gl
He says he is optimistic that a joint approach to Bank Regulation is possible with steve mnuchin. Mark we will have a look at european equities. Look at the lefthand column, stocks are rising after that fed rate hike yesterday. Not too hard hot, not too cold. Some are calling it a dovish ate hike, which is why we see rally in stocks, the first opportunity to react to the fed move. After against the dollar 8 to 1 was the outcome of the bank of england meeting, one member voting for a hike. ,onds, commodities, and cds look up the euro against the dollar. 107. 36. 1. 2 was the gain yesterday, the last since june of last year post the dutch exit poll and then we got the election result in the netherlands, it was worse than opinion polls predicted. Freedom party, putting to bed concerns about the spread of populism across the currency bloc. Unicredit saying the result should be positive for the euro, clearing one political hurdle reducing the offsetting force of the Political Risk premium.
Topix slipping. A little bit of a weakness of feeding through. In terms of the dollar comest ready after a twoday decline. Taking a look at the 10 year treasury yields. Treasuries recovering a little after thursdays decline. Yieldrs yield 10 year down one basis point. Global stocks on course for their best week since january after the feds dovish hike and after the results of the dutch elections. Volatility coming down. Moststoxx 50 dropped the in yesterdays session. Nikkei volatility, dropping to the lowest since 2014. As investors turned their attention to the g20 summit, the bloomberg belly index steady today that heading to the biggest weekly loss since early february. The treasury yields bounced back from the initial slide. This spread between the 10 year treasury yields and the bloomberg dollar index at the widest in four months. Is that a sign that the dollars retreat may have gone too far. What else may have gone too far . Has oil followed to far after breaking below 50 for the
That caucus dissension from christian forms, pushing up gilt yields. Lets take a look at the 10year yields. These markets are opening now as well. Were looking like we are up one basis point on the 10year yield. We are seeing 10year yields move higher in france and germany as well. The frenchgerman spread widening ever so slightly. 10year gilt yield, 1. 26 present. Looking at the stoxx 600, who cite close at its highest since december 2015 yesterday. Euro stoxx 50 volatility dropped the most on record. 600, bit ofhe stoxx a softer open on the benchmark overall. In terms of Industry Groups, taking a look at the map, were seeing a bit more red here. Materials stocks leading the losses, down 0. 4 , followed by energy. These two Industry Groups were leading the gains yesterday. Financials doing pretty well, up 0. 3 . I talked about volatility. I want to show you this great chart. Futuresril versus may and then youve got this bnp paribas Political Risk index. The last reading for that bnp i
Erik in the midst of political turbulence, financial leaders seek solid ground. The key is to maintain as much as we can, functionality. Erik mary barra sees positives in new policies for u. S. Automakers. This is something we can do to be more effective and efficient. In the end, it will have a bigger impact on the environment. Erik it is all straight ahead on bloomberg best. Erik hello and welcome. Im erik schatzker. This is bloomberg best. Your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Many of this weeks most important events have been on the calendar for months. On monday, political surprises were the order of the day. We have some breaking news, because the Congressional Budget Office has released its scoring its assessment of the house gop alternative to obamacare. Some of the big headlines out right now. The bill would reduce the federal deficit by 337 billion. 14 more it would cost Million People to be