Streak since january but are rising on better than forecasted earnings and we have lots of earnings to go through. Andre talking about china how it stabilized one chinese plunged after lower sales, trading almost 20 lower from yesterdays close. Its the biggest loss since 2009 for the company. Moving onto oil and gold we have seen a commodities route. Oil prices are rebounding and oil is trading near a fourmonth low. Down 19 still trading near the bear market of 20 territory from its may peak. Pimm lets take it check of the treasury market. There is little bit of selng on bonds. The 10 year is 2. 25 . This is over the past week and we can see a decline in the yield meaning the prices were a bit up. The intraday is moving a little bit higher with selling in the 10 year coming as the Federal Reserve began to two day meeting to consider raising Interest Rates. Lets take a look at the dollar and major currencies the euro is losing ground against the dollar. Poundn is stable and the sterling
Ceo of the alan Company Conference in idaho, we will have his take on the latest round of the bed for yahoo will verizon make the big move . The story today around global yields of course. Jonathan lets get everyone up to speed. Softer, up byle 1. 5 here in london, the losses piling up and mainland europe with the dax down by over 2 . If you to the headline in the fx market. The lowest since 1985, down by cured alltime low yields, japan, u. K. , u. S. , 10year yield down by 1. 33 . Crude softer at 45. 98. Gold at a twoyear high. 30 right here, right now. Lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories today. Guy johnson here in the city on the pound and the Global Equities and the current in asia, turning negative. Yelena shulyatyeva in new york, and possibly more stress for the u. K. Funds. Lets begin in the city with guy johnson. He joins us with a check of the market at the top, the fx market shining bright red yet again. 28 and
Surveillance, francine the clot in london, tom keene in new york. Francine lacqua in london, tom keene in new york. Tom what a movable feast this morning. Tick by tic as we went into this opening, francine and i were going backandforth over the dynamics, and i have to say this, we do note we do not know why Deutsche Bank is south but it is south. Francine i think there are concerns that the brexit shows investors are very nervous and it goes into the weak spots so i think we will see many more spots like this. There may be something more underlying. Lets get straight to the bloomberg first word news. Nejra the field is down to three and the race to become the next british Prime Minister. Theresa may took the lead in the battle to succeed david cameron, winning 165 votes in the first round. She was followed by Andrea Leadsom and michael gove. Stephen crabb has dropped out and liam fox desk liam fox was eliminated. The next vote is tomorrow. Report is likely to revive recriminations over
And risks surrounding the then upcoming uk vote changed the thinking on Interest Rates at the fed. Ot long before the june wang to hike rate, but a lot happened in the weeks and days leading outlook for the u. W that downgrade the change in outlook caused sparring inside the worlds most powerful central bank. Amon javers has more. The committee thought it would be predoesnt to wait for the brexit referendum before deciding on whether or not the raise Interest Rates. The consensus was that it could generate turbulence and that is what ended up happening. Now, jobs were the other area of uncertainty. Almost all participants judged that the surprisingly weak may employment report increased uncertainty. Most participants judged that in the absence of significant economic or fishock, b gains and inflation mor above 2 to warrant an increase. However, several expressed concern that a delay in resuming l funds rate would increase the risks to the Financial Stability r overshoot committees obje
And risks surrounding the then upcoming uk vote changed the thinking on Interest Rates at the fed. Ot long before the june wang to hike rate, but a lot happened in the weeks and days leading outlook for the u. W that downgrade the change in outlook caused sparring inside the worlds most powerful central bank. Amon javers has more. The committee thought it would be predoesnt to wait for the brexit referendum before deciding on whether or not the raise Interest Rates. The consensus was that it could generate turbulence and that is what ended up happening. Now, jobs were the other area of uncertainty. Almost all participants judged that the surprisingly weak may employment report increased uncertainty. Most participants judged that in the absence of significant economic or fishock, b gains and inflation mor above 2 to warrant an increase. However, several expressed concern that a delay in resuming l funds rate would increase the risks to the Financial Stability r overshoot committees obje