Your equity market right now, totally unchanged on the s p 500. If youre worried about the dates are, do not report it. If youre worried about the market, then sell a depreciate latest news out of china, we have seen these headlines before. Chinese authorities ask you Investment Funds to avoid being net seller of equities. If you do not trade to come if you did not report it, then it is not happen and the answer is at least around the world, especially given the data they have been reporting consistently has been worse than expected so then i guess, in absence of it, people think it is gotten better. Jonathan expectations on wall street around growth on china has changed. Jp morgan had a forecast growth of gdp a 6. 4 this year. This been cut to 4. 8 percent, four handle for a six handle in a number of months. Lisa there are signs peoples bank of china are starting to respond but it is not clear what they can do to generate confidence. I want to go back to the idea that they are not rep
Into the terrorist attacks. This is bloomberg surveillance. I am Francine Lacqua in london. It seems pretty clear that there seems to be a risk off mood. The haven assets are getting quite a big bid. I want to start with the pound, but it is more of a dollar story with equities retreating in general and investors turning cautious following the sevenweek search, with oil fluctuating. On the oil story, we will talk about the saudi story. 2. 16. 0 year yields, lets get straight to the bloomberg first word news. Reporter we start in australia, where Islamic State has claimed responsibility for a hostagetaking in melbourne that left a gunman and one other dead and three Police Officers injured. 29yearoldt the after he fired a police with a shotgun. He had taken a woman hostage that he had arranged to meet from an Escort Agency and is believed to have killed the building receptionist. The white house has insisted that President Trump is not picking a fight with the london mayor. He criticize
Theres quite a lot going on in the markets. Investors once again trying to adopt status quo as they are trying to figure out what happens next. It is a cautious tone at the end of a positive week for global stocks. Next week we have a major speech from donald trump. A lot of industry and Market Participants probably waiting to hear what comes next in terms of his reflationary measures. Tactically00 unchanged. I want to show you volatility. We are seeing a Little Movement when it comes to these yields. 12 54. 05. One of the stress tests when it comes to Political Risks in europe is the spread between the german and french 10year yield. Let me bring you to my bloomberg terminal. Weve been watching it all week. We are seeing a takeup for the spread as investors, after news that Marine Le Pens team met with top bankers, figuring out what her chances becoming president are, they dont want to get burnt on the markets. We will get back to these indices shortly. First lets get the bloomberg fi
Wednesday session. We are one hour is today. There is the stoxx 600 down by 1 3 of 1 . The third continuous decline. A while. Ain in the highest in 15 years. Loafers, handbags contribute into it. 2 . October, its up by as we approach the december fed meeting, many expecting, there. S 70 probability ofa a hike u. S. Crude stockpiles expanded it prefersays freezing output at current levels rather than cutting production. Lets get to my first wonderful chart of the day. Its all about volatility expectations. Uge. Ss asset gagu as you can see, it has fallen to the lowest level since 2014. Are investors getting too comfortable . Making some nervous threats from washington to beijing. The uncertainty about the u. S. President ial vote has diminished. Investors are coming to terms with the potential rate hike and december. Its possible investors are too nervous to make any big bets. What a wonderful chart. Lets get to bloomberg first word news. Thank you so much. In extended fell trading afte
Is a huge search and rescue operation off of some of the greek islands where we have lost atck of the egypt airplane 2 30 local time last night. Is very fluid. We are watching for the aggregation of headlines. We will have a map soon. I know we are going to cairo soon. It is a nation that has seen too many of these accidents. Francine lets get to the bloomberg first word news. Here is nejra cehic with more on egypt. Jetliner fromtian paris to cairo has disappeared over the mediterranean. Egypts Prime Minister says he cannot rule out the possibility of a terror attack. Flight eight 04 was lost on radar at 170 miles from the egyptian coast. It was an airbus 823. Andtian military aircraft ships are searching for debris. We will have more in a moment. Iran has launched a Charm Offensive for europes elite. Their meeting with their european counterparts. Theyre trying to break a deadlock in investments caused by the few remaining u. S. Sanctions. Credit suisse says the bricks of boat has alr