Nationalists surge. The snp is on track to become the Third Largest party in parliament. We are live in glasgow. Sterling rallies against all major counterparts and surges to a sixyear high against the euro. We bring you the latest market reaction. Now lets get some Details Behind those stories. David cameron is set to stay in downing street as the Prime Minister of the u. K. Exit polls show conservatives will head with either a minority or a working majority vote. This is clearly a very strong night for the conservative party. I think weve had a positive response to a positive campaign about safeguarding our economy and creating jobs. Above all, a plan for the next five years. Those who do the best should find the system on their side. Anna the labour party has failed to gain key seats in england and scotland as the nationalists surge. The snp is set to become the third Biggest Party in parliament. What we are looking at tonight is a very historic shift in opinions in scotland. We sai
To 5. 4 , the lowest in seven years. All of that after a march jobs report that was even worse than previously estimated. The government now says only 85,000 jobs were added in march the fewest since 2012. Dow jones industrial average the s p up 1. 25 at 21. 1313. The nasdaq composite index is up just 1 at 4998. Now that he has won reelection, David Cameron has a new challenge. How to unite a United Kingdom that has never been less united. The conservative party unexpected lee won a majority in parliament. The Scottish National party swept every seat in scotland. That put and depends back on the agenda of months after it was rejected by voters independence back on the agenda. David cameron we will govern as a party of one nation. That means entering this recovery reaches all parts of our country from north to south, two east and west to east and west. Rebalancing the economy. Mark in discussions with banks to raise about 25 billion in financing the money would be used to back its unsol
You are with me, mark barton for today. The bank holiday show. Breaking good news. Manufacturing data for the eurozone for the month of april the final estimate in a is slightly above the previous estimate 52. Their earlier was 51. 9. A slight improvement from the previous estimate from 52 versus 51. 9. Lets see have a euro has responded to that six weeks of gains out of seven against the u. S. Dollar. Slight decline. Download 0. 3 . March 13, the euro lower. It seemed only a few days before the euro might touch parity. It never happened. The euro is moving into the opposite direction. Six weeks of gains against the dollar and the last seven. Three days to go on the general election in the u. K. And the polls are putting labour and the conservatives net internet. No Group Expected to win a majority. And the conservatives are neck and neck. Joining us is Svenja Odonnell. Talk us through some other permutations of what we heard about over the weekend. Svenja odonnell if you managed to go
Negotiations. Mcdonalds reveals its comeback recipe. The ceo serves up a turnaround plan. We look at what could change. Welcome to countdown. Im manus cranny. Im caroline hyde. Coming up come a bloomberg exclusive. Amen considered the last a man considered europes last dictator. Have how the competence impacted his country. Lets begin with asia. Estimates adding further weight to forecasts that policymakers could step up stimulus to support this is a little bit of a different story versus the official data. That is right. New orders fell sharply. That basically evaporated. Overall reduction was stagnant. Not a good report in this april survey. Let me take a look at the numbers with you. This is the steepest contraction in a year. He shows chinas economic challenges the slowdown in economy, it may take more stimulus to arrest it. That is one of the reasons we are seeing market move higher. We will get to that in a moment. Back to these numbers. The pressure is on to roll out the new sti
The labour party takes a beating. Those are pictures of David Cameron arriving back at 10 downing street earlier on. How are the markets reacting . Jonathan guy, you saw the fx moves. Sterling stronger. You see the move here on the bloomberg terminal. Theres the exit poll. The pound surging not just against the dollar, against the euro as well. Heading for the best day since 2009. Dont just call this a tory bounce. This is about certainty. I go straight to one week volatility. The pound against the dollar. You see the expected price swing coming forward. What you see there is the scottish referendum. We outdid that. We went much higher. Then you see the falloff. The certainty is giving sterling a left. In the equity market, much more about policy. You look at the ftse 100, pushing higher. The ftse 250 exposed to those domestic stories putting pushing much higher. The individual stocks tell the story. It is about the absence of labor policy. No rental cap, no mention tax. I look at the