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consequences. through $15,000, gaining 60% in the past five trading sessions. we hear from howard davies, who called the whole bitcoin surge in rational exuberance. that?er we are about 30 minutes into the trading day. that is one reason bitcoin is so appealing. we see the slow and steady gains on equity markets and other traditional assets. the bitcoin rise is something different. we are seeing gains on the stock market. industrials, energy, and materials. industrials, energy, and materials have been leading those gains as we have sessions little changed in the past several days. overall,, not necessarily that large. they are larger and larger, potentially. take a look at the correlations here. back several years. you can see the loosening correlations. less frequently in lockstep, which may lockstep, which may open up more opportunities for folks who called himself call themselves stock pickers, individual companies that will give them outperformance. we will keep ....
data points in a straily a disappointed investors. i m looking at this litmus test to see if it is a risk on risk. 166.7 112.67. we sit downhour, with the rbs chairman. howard davis will talk exit and the ranking landscape. later on, we will speak to the deutsche bank chief economist, david for kurtz-landau folkertz-landua. nejra: theresa may is expected to propose two simin another proposal for brexit. reporters were told yesterday that quote, having consulted with the people of london, she wants to come back with some tests. european officials are said to be flexible over a deadline, as they appear to seem talks move on to trade. trump st donald decision to recognize jerusalem as israel s capital has prompted condemnation from global leaders, and protest in the middle east, raising concerns raise move could new violence. it is time to officially recognize jerusalem is the capital of israel, and the u.s. can start its process of moving its embassy to the city. ....
this is what i am looking at. most in europe give us the action today. chinese exports seemed to be underscoring the resilience of the global recovery. we are also looking at crude, claiming climbing above $51 and record climbing above $51 a barrel. bitcoin at a record. let s get to the bloomberg first word news. nejra: european central bank officials are considering cutting monthly bond buying by a half, starting in january. the program may be kept active for at least nine months. they said reducing quantitive easing for 30 230 billion euros a month is a feasible 30 billion euros a month is a feasible option. the president of the atlanta fed sees says he is not sure the fomc will raise rates in december. this quantifies a strengthening inflation. i think there is much more to learn about what is happening in terms of inflation dynamic. i would say that inflation is starting to pick up. china s overseas shipments rose from a year earlier, narrowly missing esti ....
european equities are trading. just under 30 minutes left in the trading day. luxembourg is up and iceland is down. everyone else up driven by corporate earnings with two main currencies rising against the dollar. the others are declining. big moves in the periphery bond ,arket in france and italy switzerland, netherlands, all those yields rising. the grease yield is falling. a ve seen a failure to strike deal over a plan. busy day for corporate earnings. the second biggest bank reported a 20% drop in quarterly profits. setting aside provisions to court with a european ruling on adjustable home loans and announced plans to switch and all cash dividend next year. revenue from lending was better than expected. shares down by 1.9% today. euro area manufacturing expanded at the strongest pace in nearly six years. is euro areae manufacturing. germany is the other line. input costs,nies high demand driving price growth to the fastest gain in five and a half years. we have had ....
we wrap up the moves and unforgettable second quarter. this is bloomberg surveillance. i m francine lacqua with tom keene in new york. i would suggest the markets want direction. politicians in this country just want direction. the european union is looking for a little bit of leadership. tom: i like what you did there with the end of the quarter. i do not realize that there is a republican convention in 18 days in cleveland. i do agree with you, we have almost lost track where we are in every institution. maybe we will have some clarity. francine: mario draghi has not lost direction. yes to look at inflation. he has to look at inflation. what central at banks need to deal with, maybe it is a little bit of the beginning that we are starting to see green. this is pre-brexit. first let s get the bloomberg first word news with nejra cehic. nejra: in the u.k., conservative candidates are making their pitches today to succeed david cameron at the party s leader. the next p ....