Trading could be numbered. Good morning, everyone, and welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are telling the story of three things we are watching. First of all, Central Banks, second, politics, number three, rising some kind of program, so trying to temper that with relief to companies with furloughs. We did have senator kamala , and what that means is the widening polls for joe biden seem to have been taken in stride when it comes to the markets. I am looking at dollars weakening, travel Companies Leading gains in europe on the stoxx 600, and i am looking at a couple of other things, treasury yields steady and gold getting a little boost. Coming up, looking at the decision from chairman lorenzo bini smaghi, we talk brexit and Central Banks. Now, lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Record daily increases. National politicians are leading leaning on politi
What exactly comes next for the coronavirus, how governments will deal with it and if there are any faults. Lets check on your markets. Today, we have a market that seems focused on the number of affected and deaths falling. That is the good news. Many deaths, but it has fallen from three or four days ago. Equity futures are down. European stocks are holding gains. They fluctuated quite a lot. It is a big week for corporate earnings. They are trying to a tentative signs that the infection rates are decelerating. Treasuries, pretty much unchanged. Plunging below 15 a barrel to the lowest level in 21 years. Lets get to the bloomberg first word news in new york city with viviana hurtado. Viviana we begin this new is a news morning in the u. S. , the nation temporarily postponing head of client Investment Strategy tariff payments to free up cash for businesses hit by the pandemic. It is limited in spoke scope so it will be on steel or aluminum or enforcement actions, including taken a big
Accuses eight Chinese Technology giants of Human Rights Violations just days before trade talks resume. Will. S. President says he obliterate the turkish economy if its military does anything in syria he considers off limits. And hong kongs exchange drops its 36 billion bid for lse, ending the ambition to be a link between europe and china. Matt good morning. Less than half an hour from the start of cash trading across europe and the u. K. And the republic of ireland. A look at what we have on the 10 year yield, rising as investors let go of the perceived safety of government debt. Where are they putting the money . Into stocks. We saw that overnight in asia, still doing that as we close up those markets. A look at the futures across europe. Green arrows. After a positive close on yesterdays cash indexes. Dax futures up 0. 4 , cac, ftse gaining mass, but less, but positive u. S. Futures as well, after some slight losses yesterday. We see many contracts inching up. 0. 3 , nasdaqaining f
We saw the ceo by out 10 million worth of shares. The 10 year yields at 148. The worst performer today in the s p 500, tyson foods is cutting its outlook as a meat processor. We are going to be speeding with nomad foods and its ceo. We are going to be talking about meat substitutes. About u. K. Talk assets that are on the move. Lets take a look at what is happening with sterling. Being 120 yesterday on the cable rate, we have related to 122. In market starts to price the possibility that a no deal b rexit is off the table. We have seen a significant move in the gilt market. Bonds generally are on the move. Decent side move decent size move under the bond market. We are seeing a decent move to the upside when it comes to equities. Stark contrast to what we saw yesterday. There is the other bond market move we are seeing in your. The german tenyear moving five basis point. A massive move to the downside yesterday. Bouncing back today. Very different session today. Vonnie exactly. We are
Francine welcome to bloomberg surveillance. These are the markets. The stoxx 600 gaining a touch. The u. S. 10 year yields going to around 2 . Deutsche bank after the massive overhaul gained one point 7 . We did have a little news out of the german Industrial Production data. Bit of gaining a little temper on some of these markets. The market is going toward 2 . Coming up, we heard from the associate general chairman, what he had to say about the fed, ecb, and more. Lets get to the bloomberg first word news. The lira swamping after president erdogans decision to replace the countrys central bank chief. The dismissal has fueling concerns over the regulators independence. In a meeting, erdogan reportedly told policymakers to get behind his conviction that higher Interest Rates cause inflation. This morning, greece has a new Prime Minister from the right Democracy Party. The election handed him a mandate to tackle the nations chronic woes. New democracy is set to get a perlman treat major