To reasonable policies. Francine good morning. This is bloomberg surveillance. We have great guests. We will be talking dollar, pound, and some of the greek bonds. First things first. Thats check in on your markets. This is the picture. Banks in the u. S. Yesterday leading the rally, as janet yellen, with her comments yesterday, seemed have buoyed equities. A lot of banks in europe are still gaming. 1. 6 for the industry in europe. Stocks in general are gaming. A next bag in terms of earnings. Lot has been playing out on the currency markets. Chinese stocks in hong kong jumping after record new credit fueled optimism for strength of the chinese economy. Lets get straight to the first word news. Here is nejra cehic. Trumpsides to donald president ial campaign had contact with russian intelligence officials according to the New York Times citing former and current officials saying intercepted calls show repeated contacts with senior russian intelligence officials in the year before the e
Beyond their opening price. Will investors continue to disappear . Analysts continue to weigh in on the true valuation. Markets are eerily quiet ahead of Big Decisions from the fed and france. Lets walk you through the markets and show you what is going on. The bloomberg takes us around our gmm in the Foreign Exchange markets. A bit of dollar weakness creeping in. The aussie is weirdly interesting considering the rba didnt do much. Of 1 on the 10 u. S. Dollar. Yesterday we saw a bit of weakness in european equities. Let me show you what is happening today. Me take you to the weei screen, just usen use the dropdown. The mist price column here indicates we are going to be seeing a little bit of a pop this morning. That is within the margin of error. 2 10 of 1 . Lets look at boones. An idea of what bunds. Little bit ofa pickup and yield beginning to roll over on the top of that one. Not outside the recent range but a little pick up on yield. On offer. It of price but skip the first word n
This is countdown. Im anna edwards. It is just six of clock in the morning here in london and we have interesting developments overnight in the japanese debt market. Lets get straight to that low Interest Rate environment story we have been tracking. Yields on government 10 year week. Hit new loads this we saw a record low on the 10 , 0. 1 . We have been talking about germany and the u. K. , all hitting near record lows. Bill is talking about how global yields are at their lowest in 500 years, he says. He says this is a supernova that will explode. We will talk about that as we get to the program. I will show you what other assets are on the move because it is a pretty weak session coming through on the asian equities story. Hong kong is back in action, of course. China is still closed. The focus seems to be on the risks that lie ahead. The Eu Referendum is one of those her eine in the u. K. Of course, because of the reevaluation of Interest Rates arehe u. S. , investors choosing some
Impact Investor Sentiment . He market is about to open and an arm and a leg. Japans softbank pays 32 billion for arm holdings. Is this a big bet on the internet of things and or an opportunity for currency trade . We will discuss that. Not 29 minutes away from the European Equity market open. Looks like we are going to see a reasonably positive start today. Over to the bloomberg and the wei. The fair value calculation tells us we will probably be of 3. 5 . A big premium being paid for arm holdings. Phenomenal move. We will dig into that m a. Assete see m a across classes . The pound is so much cheaper, particularly when you compare it to the end. The lira rebounding today. The dollar is lower versus the turkish lira. Breaking news that turkish stocks have opened and they have fallen. Turkish airlines, the tourist industry being particularly hit. U. S. Futures up. 3 . Money coming out of the yen. No need for that haven and no need for gold, either, it would seem. Part k aversion sparked
Im francine lacqua. Lets check on the markets. Overall, a lot of these equity markets are a little bit higher. The dollar also tells teh story. I want to show you the msci develop index. After we saw that betterthanexpected jobs data on friday, we saw a rally. Then, the price of crude, 42. You can see that on the nymex. I want ted to show you something a little bit different. Now, lets get straight to the bloomberg first word news. Nenjra the japanese emperor has indicated he is ready to step down. The televised address came weeks after reports that he had expressed a desire to abdicate in the next two years. In the speech, he voiced concerns it would become extremely difficult for him to carry out his duties. When i consider my age of over 80, as well as the regularly. In fiscal conditions, despite being healthy at this moment, i have concerns about not being able to fulfill duties. As many as 5 Million People attended an anticoup rally in this dental yesterday. Yesterday. Bul meanwhi