That european equities are largely on holiday and think that trend does actually continue. The stoxx 600 is down by 1. 1 today. Theres a big china effect, but in this youre looking at names like hsbc, which has a u. K. Effect as well, but also a chinese effect. Plus some of the miners acting as a little bit of a drag. So stoxx 600 down, maybe moving away from that 460 level. The names that i think are actually interesting today speak kind of against that narrative. The european consumer seems to be alive and well right now. The u. K. Consumer seems to be alive and well right now, which is surprising considering what is being chucked at them. Marks and spencer, the stalwarts of the british high street, has been revamping its stores, refining its strategy. Its beginning to work. Theyve upgraded their numbers. But its interesting, its not just in clothing. Its also in high end groceries as well. This is fascinating. This was unexpected. Marks and spencer responding to it. Look at that sha
Misleading the investigation. Were live in washington. Yvonne, good morning and good morning to all our viewers across asia pacific. Markets. Ng a look at last night, i was writing to myself, we made 66 in terms of u. S. Markets. To it seven . Hop on the board because we didnt. S p down sixths of one percent. That w down 1 , we saw huge u. S. Treasury yield, a lot of folks going into that. Billion there. Hop into the bloomberg terminal. Want to show you whats happening in terms of yields. We can see that these lines twoyear te for the treasury yield, blue, fiveyear treasury yield and yellow for sevenyear treasury yield all hitting highs not seen since five and 011 for the seven and not since 2008, as i said in the intro, in terms of yield. Year so were seeing some decent demand as weve been reporting t, but, you know with these rising yields people are higher can wemuch go. We get used to these kinds of things. Off 258 billion worth of those government bonds of days or couple certainly
Tom keene in new york. At g7 will focus be china. Tom the president with those comments. What i find remarkable is how all of these leaders seem to be speaking to their homes, but it is not a g7 meeting but it is people talking to america, to canada, etc. Francine especially japan where you see shinzo abe trying to get out of the increase. Lets get straight to the bloomberg first word news. Nejra starting with the g7, angola merkel does not have much support when it comes to austerity. The debate over stimulus versus belttightening has shifted. Canadas new Prime Minister had shifted his countrys focus to Infrastructure Spending and cash. David cameron joins markel as a champion of fiscal restraint. Just a few minutes from now, president obama holds a News Conference at the summit. In france, strikes at Oil Refineries may spread today. Workers at six of eight refineries have walked out. The strike is protesting the president s proposed labor reforms that makes it easier to fire employee
Weve got ecb, janet yellen speaking once again. Tom will ecb unveil echo the announcement out of the press conference. All of surveillances morning, on television and radio. Lift into difficult news, starting with news in new york city. Good morning tom and caroline. The two suspects in california have been killed in a shootout with police. This happened several hours after 14 people were killed at a center for the disabled. The police chief spoke late last night. We put out we have information there were three shooters. Right now as we continue to drill down information and the witness statements, it looks like we have two shooters. We are pretty comfortable that the two shooters that we believe went into the building are the two farouk art site our site need farouk syed farouk and his wife. British warplanes have carried out their first strike on Islamic State in syria. Not long after parliament approved the action. The Defense Ministry says it would release details later. Arrest in
Breaking in terms of data. Eakness in general if you look at the markets, there is so much motility. Was pretty gloomy. Francine tom i dont know when he wasnt gloomy. Is driving lower this morning. We are getting into on thetional relations multiple threats from north korea. We are. this is on tractor territory. Lets get to the first word news with vonnie quinn. We start in north korea, they say for the first time they have successfully tested a hydrogen on. The government called it an act of selfdefense. The u. S. , south korea and japan condemned the action. Meanwhile, skeptics say the test may not have actually involved a Hydrogen Bomb. There is a report that the u. S. Syrias president staying in power for another year or so. It outlines the best Case Scenario for political transition in syria where civil war has raged for five years. The plan sets that unspecified march 2017ch 2015 two about the presidency. David cameron meets again today with Angela Merkel. He is trying to convinc