Surpasses its nordic neighbors. We hear from magdalena andersson. Good morning, good afternoon, good evening, everyone. This is bloomberg surveillance. Im Francine Lacqua in london. Lets look at the markets to give us a sense of what they have been doing. Stocks in europe are rising with u. S. Equity futures. Easingconomy lockdowns in some major countries seem to be Calming Anxiety because geopolitical tensions between the u. S. And china. Shares off in hong kong and sydney. Treasuries dipping in european trading after the threeday u. S. Weekend. I am also looking at wti. That is advancing past 34 per barrel and new york in hopes that the market may actually rebalance after historic output cuts. Lets get straight to the bloomberg first word news. Virus hotspot of europe, yesterday, italy reported the fewest new cases since february. Daily fatalities in the country were below 100 for a second day. It comes as the global death toll tops 340,000, with nearly 5. 5 million cases. Prime mini
Im nejra cehic. Still seeing a little reaction from the fomc meeting. Ive got the stoxx 600. We were seeing stronger gains. It softened a little bit. We are still up 0. 2 . Stronger dollar against most major peers. Bloomberg dollar index up 0. 1 . It did gain more than that in yesterdays session. The 10year yield rising two basis points. We are at 2. 27 . Pretty steady right now. Also keeping an eye on crude oil. We are a little lower in todays session. 50. 52 dollars a barrel. Weve also got breaking news for you. Leaving its key rate unchanged at 0. 5 . Lets get the bloomberg first word news. Sebastian the bank of japan kept its monetary stimulus unchanged, but a dovish board member opposes the decision. He argued there was little chance of reaching the banks inflation target and the effects of the current yield curve program werent strong enough. That was an unexpected dissension on a board chosen by Prime Minister shinzo abe. The u. S. Secretary of state has told european allies the
Live from bloombergs european headquarters. I am Francine Lacqua good we have a great lacqua. We have a great show lined up for you. The west leader economist joins us on set. That is to name a few of the guests. First of all, lets check your markets, because there is plenty going on good risk aversion swing the markets. Signs that the u. K. Markets are taking a turn. Your stoxx 600 down. The pound dropping. 20en demand we saw that year japanese government bonds, you can see it there on the screen. 0 for theng below first time ever. We also saw 10 year government yields on guilds the first time at a record low. Lets get to bloomberg first word news with their change. Nejra three of the uks largest real estate funds have frozen 9. 1 billion pounds of assets. Investments in Standard Life desha Standard Life investments have halted withdrawals because it did not they do not have enough cash to pay investors. Theresa may has taken a clearly in the race to succeed david cameron. She won the
Lows of 8 10 of 1 down in hong kong. Picture insome mixed the economic front with the Industrial Production rate rebounding. Retail sales continue to fall, local reports youre talking about the strategies and plans coming out of the csrc chairman. Is expected to be promoting stability over reform. Shelving theks of ipo process. We could be seeing some changes there, coming out of the new chairman. A stronger yen. Little bit ofa paring off on those gains from the equity side. The emerging market debate as we continue to talk about this, we continue to see a case that the headwinds are better than expected, better than usual. Cheap, it has only been cheaper than these recent levels of six times. We are seeing a 28 discount. It is budget day in india. I want to talk about the india rupee. The dollar is strong trend against the rupee. We are approaching a low on the india rupee. 68 was the low in august. We could see continuing weakness. Rish . Rishaad the finance ministers it didg up the