Credit suisse. Mark barton in london with your data check. Mark looks as if the fiveday winning run is sputtering or stuttering. Choose your word. Down by 0. 1 today. The stoxx 600 boosted by results of the firstround of the french president ial election on sunday. The optimism is among investors that Emmanuel Macron will emerge victorious. Eurodollar, weve been as high as the november high yesterday, just crossing 1. 09. The recent rally also spluttering, stuttering, or spluttering. German 10 year yield was at a end of march high yesterday. Yields creeping up in germany and across europe. Towardsd a propensity riskier assets this week in the wake of the French Election. Nymex crude, big stockpile data today. Down by 0. 3 . 49. 39, francine. Francine stockpiles really in the last couple months have been able to change. Now, mark, lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra donald trump is set to propose a 10 tax on more than 2. 6 trillion in earnings th
Race. S tailwinds and headwinds Earnings Growth thanks to cost cuts, while British Airways efforts to slash spending are blamed for the epic holiday meltdown. An half hour away from the european open, the start of cash trade trade lets look at futures, down ross the board to reject it down yesterday rita looks like we can have a softer open, your stocks futures down 2 10 of a percent. With the futures ftse didnt trade yesterday because of the make holiday down 3 10 of 1 . Futures us little changed train take a look at the gym in, some very interesting moves to see them yesterday. I got index is still open here. 2 and you have the Chinese Renminbi gaining a little bit. Thats really losing a little bit of strength there. To watch currencies survey. Especially want to see the euro british pound. A bit have those big moves. Interesting to watch, neck asked sugar down as well, 4 . To watch this contract. Here you can see sovereign bond most are in really the asian markets over the action is
This is Francine Lacqua on bloomberg surveillance. We have a great exclusive interview with Benoit Coeure, the it was the ecb member. The exclusive ecb member. Mark, what does the data look like . Mark we are low today, quite a losing run for the stoxx euro 600. We saw a big selloff in Technology Shares in the u. S. On friday. Sterling, not as big a decline as we saw on friday in the wake of the inconclusive election result on friday, which sent sterling down 2. 5 . At the end of the day, sterling is down by 1. 6 roughly. Investors are looking ahead, mean for shortterm versus longterm volatility . U. K. 10 year field has barely changed today. It fell three basis points on friday. Investors weighing up what the election means, weighing up against data. We had weak consumer data today. The boe this week, wage data. And gold also falling for the first week in five last week, marginally higher. The fed expected to raise rates this week against Political Uncertainty. Thank you, makr. Lets g
Will this kick off a big round of consolidation in this sector . Can draghi get the dollar to bounce . The ecb is said to wait until autumn. The Council Meeting today. Where less than half an hour away from the europe in up and. We are counting you down to what may be an interesting stock story. Those numbers are interesting but lets take a look at what is happening with equity futures and the fair value. Heres a story we are looking at. 4 up by much,. 3 or percent. The dollar refuses to budge from level weis, a very low find ourselves with at the moment and equities are following on. They are following on in positive forms. We are at incredibly elevated levels. We will see a move higher. You can appreciate from that elevated position we are moving into. Lets show you what is happening with the gmm. China well bid overnight. By 1. 6 . Germany down by 1. 25 . In the koreanf won is trading up. There are some rubles trading to the upside. An interesting little story. Thecommodity story ba
And im anna edwards in london. Lets start the program with data out of the eurozone, specifically out of italy. We had gdp data hitting the bloomberg. Exactly inline with estimates, 0. 4 , the Second Quarter pulmonary reading. That is what the analysts were looking for. Data on abetter number of fronts from italy. Industrial output expands in the Second Quarter. The jobless rate, still too high of course, but coming down. Better news on exports and bank rescues taking place in italy. Those are some of the headlines in the Second Quarter. In line with that, we see this better growth picture, in line with estimates and the previous quarter. Lets look at where we are on various assets. 1. 1720. Urodollar, heading into this we were at 1. 1755. A little bit of sluggishness on the euro. The stoxx 600, up by 0. 7 . Gold and yen, continuing to s lip. Bullishness in stock markets in europe today. Pound, 0. 91. O we are going to get the u. K. Wage data and eurozone growth figures. We got the s p