You have the u. K. Election. On the back of the most recent polls, still can say still saying the conservatives have a Comfortable Lead over the conservatives over the labour partys. Ecb and its new president meet on thursday. This is the stock we are watching out for down 61 . The chief executive quits and they canceled the dividend. Coming up, we will discuss the report on septembers repo prices. Up at 9 30 a. M. London time. This get to bloomberg first word news. Viviana yesterday hundreds of thousands of people joining hong kongs biggest demonstration in months. Popular unrest will continue. Organizers say 800,000 people marched through the city. Police putting the number at 180,000. The rally was the first promoted by the civil human rights front. The mayhem in the u. S. Repo market in september was not just a temporary hiccup. Ended in part up because the u. S. Banks now hold more of their liquid assets then treasuries. This is relative. The bif warning this problem reduces their
The latest. Dani definitely a mixed session. The stoxx 600 down. It is a macro heavy trading day between the u. K. Election, Central Bank Decisions and that the tariff deadline, we have traders on the sideline. Expandedy has really for sterling. Cable down about 0. 1 , but still trading at that 1. 31 handle. This is a conservative government priced in. Upside is really limited. We have seen sterling fall after the poll showed the conservatively it cut by about half and the concern is the Hung Parliament that would throw into concern the outcome of brexit. Some strategists have said that sterling may fall as low as 1. 22 if we do get a Hung Parliament. Brent down about 0. 5 tonight. We are seeing brent trade just under 64 a barrel. The aramco ipo hitting the 10 limit with shares surging so far today. Looking at some of the individual movers we have seen in the market. Jd sports is one of the biggest lacquers in the stoxx 600 laggers in the stoxx 600. Its biggest shareholder sold 2. 4 of
It is not only a big conservative majority giving a lift to u. K. Stocks, the pound is gaining, but this phase one, or at least something that feels like a phase one [indiscernible] we will not see extra tariffs on sunday. It is going to be a risk on mood to markets overall. I am delighted to be joined by a conservative party spokesman. What a win for Boris Johnson. What are the markets looking at . What will you deliver, as the tory party, that the market likes so much . What we will deliver is a degree of certainty. Weve got a working majority, and that means we can deliver a withdrawal from the European Union on the timescale that we set out, and we can get on with thrashing out a trade deal with the eu and investing in an infrastructure that will help continue the growth in the u. K. Economy. Francine if a Withdrawal Agreement goes through, do you have any idea when that could be . We will certainly start the process before christmas, and we will do so in a way that we can get thro
Eurodollar at 1. 109. If you look at government bonds across the world, they are actually advancing. This is on the back of german and chinese data. The focus is now on trade. But there is one stock we needed to look at a little bit more. 6. 1 afterining interim results. They have a new partnership with tencent. Well have more on the sector with burberry gating 6. 1 . Gaining 6. 1 . Up next, we talked to the silver lake cofounder about investing in tech. But for now, lets get straight to first word news in new york city. Boris johnson is back in Campaign Mode after a difficult visit to floodhit areas of Northern England where his response was criticized by local residents. In a speech at a factory which makes london taxis, the Prime Minister said getting brexit done would trigger a wave of investment. Jeremy corbyn, meanwhile, said he would not allow a referendum on Scottish Independence in his first term. Bloombergs latest poll average puts johnsons conservatives 11 11 points ahead of
Financial sector to its part in fighting lemon change. Climate change. A lot of the focus is on trade or what will happen between the u. S. And china. Gold, always a good litmus test for risk. We can see the yield at 1. 85. Stocks gaining 0. 4 . A lot of focus is on earnings. Loose of ex conversation with the commerzbank she chief Financial Officer. Dont miss that conversation after 10 30 a. M. London time. First, lets get straight to bloomberg first word news. In the u. K. , the first cabinet resignation during an Election Campaign in a century. Quit after aretary report that he knew about a former aides role in the collapse of a rape trial. Ae labour party also suffered blow with deputy leader tom watson announcing he will leave politics after 35 years. He has long clashed with Jeremy Corbyn over the direction of the party. Willank of england probably keep rates on hold as brexit continues to plague the economy. It is expected to cut forecasts. Be nexttion is who will to lead the ban