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rupert harrison joins us for the hour and in less than 15 minutes we speak to the banca popolare di milano ceo. weekso look ahead to the big bank earnings headlined by goldman sachs. bank of america is coming up. the first thing we have to do is check the markets. a little bit of volatility, 16.84 gaining from 0.5. overall european stocks a little bit down. there was movement after we heard from janet yellen that she would not mind a u.s. economy that is a little heated up. that would help with growth and she believes that would help with consolidation of the labor market. banks, i have put those in the cross asset check because we are speaking to the ceo of dpm. the european impetus is getting a little bit of left desk lift. lift. let s get to the bloomberg first word news. u.k. economye the has been more resilient than expected since the brexit vote may be lulling people into a false sense of security according to a report. concerns that written could lose its acces ....
a very warm welcome to the program. this is counting. waitingm london, we are for a host of corporate earnings this morning, particularly from corporate spirit we have been asking for a couple of days now when we will see markets adjust expectation. we heard a lot of hawkish commentary over the recent weeks, we got our answer. fed a show you what the fund reaction was the reaction, we have a chart that shows that for you. last night in the minutes, they said that depending on growth and the labor market and inflation, judging appropriate to increase rates in june. this is a chart we saw in terms of the fed fund futures. the function on the bloomberg, adjusted very quickly. hike in 4% of a rate june on monday. and now we are 32%. a big adjustment. let us go to the risk radar next. tell you what has been happening overnight in those markets. this is all linked of course. 2/10 of aex of percent. up in yesterday s trading session, near a seven-week high. speculation about a ....
i m francine lacqua. it is an extremely busy day. let s get straight to the markets. we have the fomc meeting yesterday. the fallout from that and the fact that investors had to read price their expectations of a possible fed increase in june. a lot of the immersion marking currencies emerging-market currencies are down. 0.6%. down travelf the focus is on stocks. a lot of the airlines the stocks are going down. news,we had that terrible egypt deploying naval ships to search for this egypt airbus. they went missing overnight. we have news that it may have crashed near one of the islands in greece. this has not been confirmed. highlymeantime, i suggest if you are a bloomberg . go to live gordha this is our up-to-the-minute blog. there is a press coverage an hour and a half from now. we keeping up-to-date with the and the crisis meeting that france is having. nejra: the missing egypt air flight from paris to cairo reportedly crashed in egyptian airspace. a-320 came dow ....
global equity markets looking pretty decent, firming up in europe with the ftse up about 48 points. futures positive in the united states. yields on the 10 year, pretty much unchanged at 124% 1.84%. look out for that. table at the moment, 146, it s a stronger pound. we will get to that. then imac of about .4%. the brand down for the sixth straight day. the lira strengthening down to 297, the turkish central bank cutting its rates to 945%. let s go to in-depth coverage of our top stories. guy johnson in london, where mark carney talks brexit. matt miller in frankfurt. in brussels, where finance managers meet on greek simin demokan. jonathan: the bank of england governor mark carney is testifying this morning. guy, the momentum seemingly behind the remain campaign. what is mark carney have to say? guy: he has the responsibility to stand up and make clear the risks that are associated with the referendum. he s not backing down on that. everything you said today felt very ....
oil is unfazed at the vienna meeting. opec try to find its footing in crude. tried to find its footing in crude. let s check in on how the futures is settling. and little bit of cautious risk appetite in asia. we see the same when you look at the ftse 100 up .4%. overall benchmark signaling we could rise .3%. the dax up. some relief there but perhaps these hairline strikes have not indeed taken off. more risk appetite good matt, what have you got? matt: take a look at what we see in asia. , really littlee movement across equities. we now see a pickup at the end of the session here. the nikkei up .5%. the hang seng in hong kong gaining as well p over in china, a gaining as well. over in china, there gaining as well. the yen gaining strength. not a heck of a lot of movement in currency. you can see that as the pound is almost completely unchanged. the yen at one away .74. 108.74.en at merkel angela merkel throwing support behind david cameron and the remain camp. th ....