Surpasses its nordic neighbors. We hear from magdalena andersson. Good morning, good afternoon, good evening, everyone. This is bloomberg surveillance. Im Francine Lacqua in london. Lets look at the markets to give us a sense of what they have been doing. Stocks in europe are rising with u. S. Equity futures. Easingconomy lockdowns in some major countries seem to be Calming Anxiety because geopolitical tensions between the u. S. And china. Shares off in hong kong and sydney. Treasuries dipping in european trading after the threeday u. S. Weekend. I am also looking at wti. That is advancing past 34 per barrel and new york in hopes that the market may actually rebalance after historic output cuts. Lets get straight to the bloomberg first word news. Virus hotspot of europe, yesterday, italy reported the fewest new cases since february. Daily fatalities in the country were below 100 for a second day. It comes as the global death toll tops 340,000, with nearly 5. 5 million cases. Prime mini
Remain independent. Economy ts, the global takes precedence over the geopolitical tensions between the u. S. And china. The price of the bailout. Brussels set its criteria for backing the state aid pac package from berlin. We are just under an hour away from the start of cac equity trading in europe. Ets take a look at where the u. K. Markets were closed yesterday. They didnt get that take part in the risk on rally that we saw across the continent. We also see u. S. Equity futures rising. U. S. Cash trade was also closed yesterday to honor the memorial day holiday. As a result we see futures in new york up about 2 on the dow and nasdaq futures as well as s p futures up 1. 8 right now. Lets get your first word news. Here are todays top stories from the bloomberg terminal. Once a virus hot spot in europe, italy reported the fewest cases since february. Below 100 for a second day. The global death toll tops 340,000 with 5. 5 million cases confirmed. In england, Outdoor Markets and car sho
Zero, in an attempt to save the u. S. Economy from coronavirus fallout. But the markets are not impressed. Yields fall off a cliff and futures trade limit down. An historic slump in east asia. The Economic Impact of the virus is laid bare by the latest data from china. Retail sales, fixed investment, and industrial al output all plunge. And europe widens its lockdown. Cases across the continent surge as the government shuts down the borders in europe. One aviation consultant says the new no travel norm threatens to bankrupt most airlines by may. We are getting headlines out now from Fiat Chrysler, saying it is going to halt its facility, shut down factories in syria, italy, and poland. They said those factories will probably close this month. We already had headlines from ferrari saying they would shut down production. And maseratiysler, will suspend all production in europe. This is in response to the spread of the coronavirus. It is important to keep social distancing when you are wo
Auction yesterday. Today, iee rising should point out the 30 year u. S. Treasury yield of flirting with the 2 mark. We are at 1. 5 on the 10 year. 1. 43 on the twoyear. Some interesting activity on the bond market. Interesting activity in the fx market. Were seeing some bids in yen and gold as well. Volume is reasonably light. Stocks are trading lower. A bit like the United States were just off the session lows. We currently have 104 stocks up in europe. 489 trading lower. Very negative today when it comes to the european stock market. The pound is certainly training trading lower. Under the current terms it looks like a brexit deal is impossible. Lets pick up on that theme. Chairman ofs the the European Banking Authority. Brexit potentially 24 days away. Our europes banks ready . We just sent out communication today on we think the infrastructure is in place. Thanks should be ready for contingency particularly hard brexit. We think that in terms of actual hard movement, movement of da
Identity fraud is a hugely important problem. Today, criminals have tools at their disposal to get at sensitive Consumer Financial data. Complicated situation and that we get briefings like wheree i just received you go through just how massive the problem is and the techniques that are available. We realize that mentioning them in public is not a wise thing to do. This puts us in a tough situation. And thell of my Members Committee and their staff to get those briefings from members to our testifying today to see how big a problem this is. It is costing us a lot more than we think. Toolsare large numbers of that people use. These intrusions are only becoming more sophisticated. In the news this week there was synthesizer voice from anke instructions employee who thought it was his boss. That will accelerate as the Technology Gets more advance. The stakes in this are a enormous. Financial services at the front lines of this attack. It can be used for something to do Identity Fraud. It