Around the globe. That is what we are afraid of. Seatbelts, bloomberg best is straight ahead. Hello and welcome. This is bloomberg best. The most important Business News from around the world. Lets begin with a day by day look at the top headlines. Monday sought more potential fallout from britains vote to leave the European Union. A little over a week after the u. K. Voted to leave, francis pushing ahead with the claim for the city of londons euro clearing business. They have laid out why he thinks paris is the new natural home for the operation. You have france in terms of organization. I think we have much more players now in paris. And much more deep marketplace interest. He seemed confidence that france could get its piece of the u. K. Financial cake. Is a euro clearing business. They are competing to get a piece of the nearly 500 trillion. And the clearing business they have to do to complete the transactions. At the moment its 70 of its euro dominated clearing space in the u. K.
What we see is a flight to quality. We are in for a very long negotiation. That is what the markets are afraid of. Matt bloomberg best is straight ahead. Matt hello and welcome. Im matt miller. This is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets begin with a day by day look at the top headlines. Monday saw more potential fallout from britains vote to leave the European Union. A little over a week after the u. K. Voted to leave, francis pushing ahead with the claim for france is pushing ahead with the claim for the city of londons euro clearing business. They have laid out why he thinks paris is the new natural home for the operation. You have france in terms of organization. I think we have much more players now in paris. And much more deep marketplace interest. He seems confident that france could get its piece of the u. K. Financial cake. Is a euro clearing business. They are competin
So, the regional benchmark still heading for a weekly loss. Rise onaintains its fears of supply. Threateningnes is to close down polluting mines. You can let us know what you think by following me on twitter. Dont forget to include trendingbusiness. That china and hong kong markets underway in 30 minutes, but singapore and malaysia have just come online. Poised for a flat finish at best. That said, we are. 5 away, flash session across asia. As the countryd shuts its markets. Indonesia is also closed. You see the yen weakened a little bit. It is seeing the most pronounced move compared to where the trough was. Its all coming off a threeday slide, so there is value created over the last few days. Flat comparedite to the 10 day average. The rest of asia, looking at cautious and tight trading ranges ahead of the u. S. Jobs report. Lets have a look at currency markets. The story is about a drop in the u. S. Dollar. Have a look at how it is doing against the pound, falling against the euro.
London time it is 9 00 in the morning london time. This is as oil is rallying a little bit. Data that is meant to forecast that u. S. Crude stockpiles fell. Gold advancing as the foldout desk as the fallout from we will have plenty more on the markets. Lets get first to the bloomberg first word news with nejra cehic. Nejra the Federal Reserve is using confidence that it needs to tighten anytime soon. The meeting last month held before the britons referendum shows officials facing rising uncertainty. Policymakers want proof that job creation has resumed at a healthy pace, the underlying momentum is intact and inflation bill gross says sovereign bond yields at record lows are not worth the risk. He built the worlds Biggest Bond Fund spoke to bloomberg television. High durations which we have now at low Interest Rates. Even a small change in terms of yield can produce a significant loss. Your sovereign bonds are not up my alley. For more u. K. Property funds have frozen withdrawals as inv
To place all of this volatility in perspective. But we see is a flight to quality. We are in for a very long negotiation. That is what the markets are afraid of. Matt bloomberg best is straight ahead. Matt hello and welcome. Im matt miller. This is bloomberg best, mostweekly review of the important Business News, analysis and interviews from Bloomberg Television around the world. Lets begin with a day by day look at the top headlines. Monday sought more potential fallout from britains vote to leave the European Union. A little over a week after the u. K. Voted to leave, francis pushing ahead with the claim for the city of londons euro clearing business. They have laid out why he thinks paris is the new natural home for the operation. You have france in terms of organization. I think we have much more players now in paris. And much more deep marketplace interest. He seemed confidence that france could get its piece of the u. K. Financial cake. Is a euro clearing business. They are compe