investors should prepare for this. what does this mean for the pound, which has been stuck in a range, and for u.k. stoxx at large? as far as the pound is concerned, the rally you have had reflected a significant reduction in the risk of a no deal brexit, so for the time being that seems to be off the table. we are stuck a bit around 1.30. we need to know where we are going, and until we get past the election and have a sense of what the majority is, it is impossible to have any assessment about the direction of the pound. we are neutral because we think there is far too much uncertainty and too many permutations to take a significant view. as far as u.k. equities are concerned, it is an inverse relationship between u.k. equities and sterling, so when sterling weekends, u.k. equities outperform. from that point of view, if we get a path that moves us toward a softer brexit or no brexit, that should
anna: not enough progress. e.u.ound surges as negotiators warned that the brexit plan is not good enough yet. the prime minister says there is a way forward. one.s unfazed by phase a partial trade deal lifts global equities but weaker export data highlights a risk of a full agreement if a full agreement is not reached. bloomberg learns volkswagen is assessing options for its supercar brand including either a sale or stop listing. such moves are unfounded, they say. there are no such plans. we are less than a half hour from the european open. matt: a lamborghini roadster joining into our offices in new york city. let s look at the markets now. we have gold. i am looking at gold, trading at 1488. gold has come down recently. s concern has we get the as we get the handshake deal over trade. issues for global growth. let s take a look at what we have going on in terms of futures here across europe. you have ftse futures gaining but dax futures and cac futures down. continental
attacked by armed, masked men. we are live in the city. welcome to bloomberg surveillance. let s check in first off on the markets. we see gains across european equity indexes. that should show through in terms of u.s. futures, as well as s&p futures. oil is down. you will see the big majors weighing on the stoxx 600 index. maybe a turnaround of the gains we saw oil take yesterday. the u.s. 10 year yield is currently up for basis points to 1.54, so investors feel less concerned and are selling that that. let s get bloomberg first word news in new york. we begin in argentina. s&p global ratings cut the credit rating to selective default after the nation said it would delay payment on more than $100 billion of debt. they says criteria, constitutes default, but the new terms for short-term debt came in immediately and they will lift argentina s rating to triple c minus. boris johnson s suspension of parliament will get an early test. , saying are ruling courts, saying it is
stoxx 600 down. asian markets and european markets range bound. crude extending. thomas coke shares rising. up 16.8%st time were as we speak. executive of chief the financial conduct authority don t miss that at 3 p.m. london time. police say the death toll in sri lanka has risen. 310. says the minister bombings were part of a global terror network. there were seven suicide bombers, targeting tourist, christians and churches on easter sunday. bonuses planning to cut to investment bankers. this will be tied to performance. this is part of the effort to avoid an activist investor. u.s. house democrats issuing a subpoena to don mcgann, a key witness in robert mueller s investigation. tois the biggest move yet mine evidence over whether donald trump obstructed justice. president trump dropping plans to put herman cain on the federal reserve board, amid opposition from his own party. democrats are urging republicans to block the president s other pick. accusesdictment corporate
and india. they plan to announce on monday that the administration will not do waivers on may 2. former chairman carlos ghosn is facing the most serious allegations yet. he has been indicted of charges of misdirecting company money for his personal use. that will keep him in jail longer. n briefing on his freedom last month after posting to fail, then he was arrested and jailed on new allegations. saudi arabia and united arab emirates are pledging $3 billion. the two nations say they will in the $1.5 billion central bank and then donate the rest for food, medicine, and feel. is billy andung promotional events in hong kong and delaying promotional andts in chin hong kong shanghai. the only test models that have come in have been criticized over their durability. china will accept new applications for computer games today. previews on the group applications will have to be submitted. china s gaming industry was hit hard last year after regulatory approval. let s check back in