This is the stoxx 600. Investors cautious today before speeches i donald trump and janet yellen. Stoxx 600 down by 0. 2 . Dollarg down against the , falling against all its major peers after the times reported that Prime Minister theresa mays team is preparing for scotland to potentially call for an independence referendum in march. The french 10year yield is down to 89 basis points. Emmanuel macron opening up his biggest lead yet over Francois Fillon. Lets finish up with gold, down 0. 2 . Gold will head towards 1300 in as inflationmonths expectations pick up real Interest Rates turned negative. That is according to ubs wealth management. Lets get the bloomberg first word news. Nejra the London Stock Exchange said its 13 billion tie up with Deutsche Boerse is unlikely to proceed after a new regulatory hurdle signaled a potential end to the effort to create a dominant european exchange. Officials had requested that the nsc divest its Trading Platform, but the nsc said it couldnt commit
And this budget is an example. Nick watt reports. We havent quite heard the first cuckoo, but spring will soon be upon us. As the buds slowly sprout, its time to prepare for future climates, both sunny and chilly. That was the spirit Philip Hammond invoked in the lead up to the budget. Expect to prepare for troubled times as the uk leads the eu. It actually turned out that spreadsheet phil is so comfortable in his dream job that we witnessed gag a minute phil as he cracked a joke about the last chancellor, who announced the demise of the Spring Budget. The treasury has helpfully reminded me that i am not the first chancellor to announce the last Spring Budget. 2a years ago, Norman Lamont also presented what was billed then as the last Spring Budget. What they fail to remind me, mr deputy speaker, was that ten weeks later he was sacked laughter so wish me luck today ah, a chancellor who thinks he can deliver a deadly serious budget whilst lightening the mood with some gags at the expens
It rocks rupert harrison. Lets get to the bloomberg first word news. Here is Sebastian Salek. Sebastian the u. K. Prime minister will follow her initiation of the Brexit Process by setting out how she plans to bring thousands of European Union regulations under british control. Theresa may announcing the start of departure negotiations. The following day, her government will publish plans for its repeal bill. Portugals economy minister told bloomberg the negotiations must not be allowed to weigh on the rest of the block. 48 asl is trading near some opec members back an extension of the deal to cut output. Five opec producers joined with support fore prolonging the cuts. Russia said it needs more time before making a decision. Prosecutors are seeking a warrant for the arrest of ousted president park. She was questioned about the undue influence scandal that forced her from office. Shes accused of pressuring businesses to donate millions of dollars to a confidant in return for government
Good morning. This is bloomberg surveillance. I am Francine Lacqua in london. Show, we on todays speak to the head of g10 fx strategy at Merrill Lynch international, and the ceo and coast cio at shen of our financial group. At a financial group. Function and a message will come to me. It is monday morning, 9 00 in london. We are seeing a little bit of volatility, but nothing huge. Oil gaining. One i would like to keep an eye kospifter the costly slid this has to do with geopolitical concern lingering in korea. Weis extremely important keep an eye on what happens at the g7, where Foreign Ministers are showing up, and Rex Tillerson on wednesday heads to russia. It seems the world may be a little more uncertain than it was seven days ago. Lets get straight to the bloomberg first word news. Nejra barclays said its board will issue a formal written reprimand and make mythic and cuts to the ceos pay after he tried to identify a whistleblower in 2016. They say he made an error in not applying
Is the hurricane. Taylor riggs will get to that in a moment but also we have got the basic idea of sorry, i lost my train of thought. Francine we are getting breaking news on the Nobel Peace Prize. It is the first time i remember they have not awarded it to one person, but to the Colombian Peace accord. The peacet because accord was in jeopardy when i had a referendum and it was rejected. We did catch up with the finance minister of columbia, unclear exactly what will come from here. We are getting that live announcement from the nobel peas committee in oslo. The winner is the Colombian Peace accord. That is after the referendum on sunday. Tom it really changes things and the interesting thing is the duration of a peace accord. It is supposed to be a year or two and this has been a generational struggle. Francine i correct myself, because the prize was awarded to colombias president , mr. Santos. It is not to the peace accord itself, it is to the president. The reason colombians reject