We have plenty more from the u. K. And the conservative party. And, todays nonfarm payroll figure, a rosy picture of the u. S. Economy . Good morning. Welcome to bloomberg surveillance. Im Francine Lacqua in paris. We have full coverage of the french president ial election. Mark barton is in london. Im looking forward to the conversation with Andreas Dombret. You have our market check, mark. Mark i do. Check out whats happening to european stocks. Big day ahead. The jobs report in the u. S. , the French Election on sunday. Lets have a look at the ftse. Lets have a look at the european benchmark, even better. Highest level since august 2015 yesterday. The big move seems to be continuing in the commodities market. The u. S. 10year is unchanged. Money moving into the yen. It is a riskaverse day today. Oil, lowest level since the backend of last year. The movement down and commodities. Down in commodities continues. Lets get the latest bloomberg first word news. Heres nejra cehic. Nejra in
We will have the latest, but first, lets check in on the markets with mark barton. Mark e. U. Go. Look at the right hand side of the chart. Look at the map. Tories 315. 326 is the number they need. They are not going to get that number. This is not a brexit type of exit. European stocks are rising. Ftse is gaining because of the weak pound. Biggest decline since june 27. Sterling two day chart. That is when the exit polls came out at 10 p. M. Last night. Wed be down as much as 2. 5 . Vote, the expectations were if we got a Hung Parliament, sterling could fall as much as 1. 20. The median forecast. The 10 before the Vote Deutsche Bank set if we get a labour victory, the 10 year goes up. If we get a tory, small majority we go down to 90 basis points. Fascinating times, but its ver y much a localized Market Reaction. Francine thank you so much. She promised strong and stable. But we have this morning is anything but. The snap election gamble has backfired. Losing seats rather than gaining
And we go through brexit, what is next. Lets check on your data and your markets. We have seen a little bit of an easing of the rout we saw on government debt. Treasuries steadying after a long slide. The kospi, south koreas benchmark rising after the president was. Removed from office. The other thing i wanted to show you which is on the data screen oil climbing from a threemonth low but remains below 50 a barrel. We will get plenty more on the markets throughout the hour, but lets get to bloomberg first word news. Nejra there has been violence south koreas president became the first democratically elected leader to be forced out of office. Icourt upheld parliaments decision to impeach her over a rolen a corruption scandal. It opens the door for park to face jail time and triggers a president ial election within 60 days. Police in germany have arrested a 36yearold man who injured seven people with an ax at duesseldorfs main train station. It happened before 9 p. M. Last night. The sus
Shadow brexit secretary, the portuguese finance minister, and a Brexit Committee member. The Vice President of the European Commission also joins us a little later on. The four we get the brussels, lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra President Trump will be briefed later on various ways to implement comprehensive tax code changes. He will be presented with possible changes i officials including gary cohn. That is according to people familiar with the meeting. French president ial candidate Francois Fillons wife penelope has been charged in the fake jobs probe according to reports by french Media Outlets citing unidentified judicial sources. Her husband has been charged with graft, which he denies. Calls to an olivia fillons lawyer were not immediately returned. Blackrock is said to be shaking up its unit by cutting jobs, reorganizing funds, and lowering fees according to a person familiar with the matter. The revamp moves money into cheaper offe
We have a great show lined up for you. Weis friday, which means bring you our weekly show brexit, whats next. We talk with the Aberdeen Assets Management cio for property. Of guest host for the chunk the show, the biggest chunk of the show, is an richards of mmg investments. You can see stocks pretty much unchanged. It seems this is probably my chart of the hour. Lets get straight to it. Tos brings europound back 1. 975. You can see currently where we are standing, 88. 93. We did reach 92 a little bit earlier on. We are seeing a bit of movement back to 88. Will we see parity . That is what reporters are watching out for. Market news, but first, the bloomberg first word news. Nejra chinas overheated Property Market shows signs of cooling last month as authorities stepped up homebuying. Prices read rose. Prices fell in six cities compared with four months earlier. A sewing Property Market may provide some relief for Property Markets without killing a main pillar of growth. The Hong Kong