Top aide who broke the lockdown rules. Lcome to surveillance i am nejra cehic in london. We get a sense of the u. S. China protests in hong kong. Equities, of course the u. K. Is closed for a bank holiday today. U. S. Cash stock and bond market closed as well. A positive sentiment coming through in u. S. Futures. Third day of dollar strength. That speaks a little more to a slight risk off tone. In terms of oil, it is being anchored around 33 dollars a barrel but in the green today. Confidencebusiness index is 79. 5. The estimate was 78. 5, so that coming in a little better than expected. In just a minute, we will speak with the Ifo Institute president clemens fuest. First, lets get to bloomberg first word news. Thank you, nejra. Were hit with tear gas in the city. New National Security legislation, being described as the vegas for hong kong since china took control in 1997. Here in the u. K. , Prime Minister Boris Johnsons most senior aides are facing growing calls, breaking lockdown r
And astrazeneca is said to have made a preliminary approach to gilead. A merger between the two would be the biggest deal ever in the sector. It has just gone see it 6 00 a. M. In london. Nejra, welcome back. You went away and you unleashed the burn. I know you are excited. Curvee never far from a steepener. Bondthis momentum in the market be a repricing or is there a risk from jay powell to the bond market . A few bonds at 1 . The older you get, the more enticing 1 looks. Good morning. Bears were really on a tear. Curve is the steepest in more than three years. It is good to be back. Last week was a memorable week. Was it really a turning point for risk assets . That is the question. How high will the hurdles be this week . The ecb went above and beyond last week. Can we expect much from the fed this week . Futures are positive in the u. S. European futures are looking a little negative. Eighth day ofits declines. A lot of that has to do with the euro strength. We have pulled back fro
And twitter adds a fact check donaldor u. S. President trump for the first time. He accuses the media giant of stifling free speech. Manus just on 6 00 a. M. In london. I dont have a big enough following for a fact check. Good morning. Economic risk, Political Risk, and earnings risk. Right now, the markets are ignoring Political Risk, whether they are right or wrong, but they are certainly focused on economic risk. Jamie dimon embolden us with his comments of a fairly rapid economic recovery. He and bullard have come down towards 10 unemployment. I want to remind you 10 unemployment was the top of the Global Financial crisis. I know the stimulus is different, but these are very bullish economic record pieces that inflame the mood this morning. Good morning. Nejra good morning. Yes, it is really interesting with jamie dimons focus, versus what we saw in 20082009. That leads people to question at this point when we do see the rally continuing in risk assets, particularly equities, with
The boe says it is examining negative rates. Emirates is considering slashing around 30,000 jobs, and bloomberg exclusive. We speak with ryanair ceo as he wraps up a legal battle with rivals. Welcome to bloomberg daybreak europe. Weve got those comments from jay powell. Japan is in recession, goldman says india could experience its deepest recession ever and we have rising u. S. China trade tensions. We continue to get breaking news through, lines coming through from ryanair which im looking for now to bring you. It sees a loss of over 200 Million Euros in the first quarter. A smaller loss in the second quarter. Thats the red headline. It cannot provide fullyear 2021 guidance at this time. In terms of what else we are looking at, it is average weekly cash burn is at 60 Million Euros, down from about 200 euros. That looks to be an improvement. Ryan are expected to be at least october for the next 200 delivery, and expects to carry less than 80 million passengers in fullyear 2021. Those
Bloomberg surveillance, im Francine Lacqua in london. There is movement on the pound because what we heard from the boe. It has been absolutely amazing trying to figure out exactly the premise at which mr. Bailey is expecting the economy to do. We understand the bank of england is expanding stimulus as soon as next month to help the battered u. K. Economy. He once again reiterated that there is an unwavering pledge, which basically means that the market is taking it as further boe action possibly being imminent. Set and of england will asked if necessary to deliver the monetary and Financial Stability to deliver longterm Financial Stability. We are speaking to governor bailey later on. Know whether that means we have negative rates next, but certainly to have an impact on euro. I thing we have a data board for you. Is an actionfilled Currency Central Bank kind of day as we also heard of a lowered benchmark rate from norges bank. Lets get straight to the bloomberg first word news. Top t