Gains, the stoxx 600 up more than 1 . By more than 1 . The ftse 100 in the u. K. , up more than 8 10 of 1 . Yesterday it was one of the laggards in the region. Overall, we are seeing quite a bit of green across the screen. Look across assets, you can see the equities on the left , it is a broadbased rally versus the selloff that he saw yesterday. Cpi thatollowing that came in better than expected, we saw Dollar Strength that had an impact on these currencies. Now that is reversed, the euro is bouncing back. We have broken through 139 on cable, just in the past hour or so. In the sovereign bond space, a little bit more quiet. The treasury 10 yield is up about five basis points. We are quite seeing the size of the moves in europe, the we did see them edge higher, earlier. Keeping an eye on these corporate spreads in europe, this is showing the euro highyield spread hitting the widest since april. This is something to of course keep an eye on, as they see that through into the credit spac
We will have a look at where european equities are trading, right now. Gmm is your function. Equities are rising and the stoxx 600 gaining for a third day. All these currencies are falling against the dollar. The euro continuing its slide after mccrone macron won the election. Eon droppingility 20 on rebounding power and gas costs in germany. A Nuclear Reactor that is offline after halting in early february. Shares are up 4 and you might ask why. Underlying fullyear earnings target. It has adjusted its adjusted net income is on track after oneoff factors dented earnings in the first. Shares up by 4 . They worlds biggest reinsurer, unit three shares down by 1. 7 . Firstquarter net income rose by 29 , missing estimates, surging stock markets, driving a 37 jump in the investment results. The companys troubled primary Insurance Unit after a loss in an earlier period. Rates eroding income from investors, catastrophes weighing on prices. Finishing with germany, german exports are rising for
In weighing on the dax and automakers like volkswagen, daimler, and via bmw. Against theeaker yen. Dollaryen down 3 10 of 1 and the vix up by 5 , but really we are looking at potential record closes below 10. That would be a very long winning losing below 10 streak for the vix. Brent monitoring as well happening 1 on the highs of the. Ession the opec secretarygeneral says many things are looking at changes to be ahead of the curve and nigeria has no ambition to exceed to the want 8 Million Barrels of oil a day. Jonathan in the market is it easier to monitor exports than production . Alix it is actually not in that it is difficult to understand which numbers to use from exported. Production at least seems to be a relatively cohesive number. Jonathan 48. 62 this morning. Up by 1. 14 percentage. Alix david westin is monitoring all things in washington, d. C. With a special guest. David we welcome our Bloomberg Radio listeners for an important interview we are going to have with Daniel Tar
Is your function appetite for risk diminishing for a second day . Equities major equities are declining with mixed sessions for currencies and bond yields, especially in the core commodities, and the earnings season continues. Quarterly sales of shampoo dropped in europe amid the intensifying battle of the consumer goods market, putting pressure on prices. Becausey profit prices of demands from adhesives. Proctor and gamble and Companies Like henkel, down by 3. 8 percent today, facing a rapidly changing market without long share of established band brands to retailers being nibbled away. Matters of a german nature, the biggest steel maker in germany said that debts soared in the Third Quarter after increased Raw Materials prices. They helped to drive a quarterly profit increase because of the recovery in prices, steelmakers have seen profits rebound as part of the broader industry recovery as chinese demand strengthens and the asian nation closes plants to ease a global glut. Euro, aga
Meanwhile, his attorney general nominee heads toward a final vote in the senate. We are about 30 minutes into the trading day here in the u. S. We did have a record close for one of the indices. Julie hyman brings us uptodate. Julie coming back down, but the moves remain muted. I relatively small move from the major averages. All them are trading lower with Energy Stocks helping to pull things down. We see crude oil prices continuing to fall. This is a chart that we have looked at very frequently. This shows the daily swings as of closing for the s p 500. Btv 5561. Moves of less than 1 with this muted activity. Movers when it comes to earnings and a lot of them on the downside. Gilead sciences falling to the lowest level since 2014. The company says its hepatitis c franchise is fading fast. There are fewer patients left a treat and theres also more price competition as rivals have also come up with drugs for hepatitis c treatment. Ismost its 9 billion, which 22 short of what analysts h