surveillance. good morning from the europe and asia.good evening in i m francine lacqua and these are your markets. countermeasures, china says they will put them in place against the stoxx 600, down 0.6%. there s a little bit of movement on the u.s. 10 year yield. overall, there is a bid to atens, also at renminbi 6.86. the yen is one of the biggest gains today. the u.s. treasury yields dropping to late march levels, a little bit of volatility on the markets as we are trying to figure out this tit-for-tat war with the u.s. coming up, we speak to the eu trade commissioner live from berlin from the global female leader summit. or will be having a thing two to say about trade in the u.s. let s get straight to the first word news in new york city. theresa may is trying to win support of the opposition labour party by reopening brexit talks with brussels. number 10 is trying to rewrite the outline agreement on future custom times, but senior labor officials warned their party
francine: good morning, everyone. this is bloomberg: surveillance. these are your markets, a little bit of sideways trading for the stocks europe 600. we are also getting some figures out of this norwegian wealth fund, earning some $84 billion. the 10 year yield at 2.56 and a big week for crude oil at 61.55. coming up, we speak to the eu competition commissioner margaret mr. vestager. let s get straight to first word news. more has pulled out of the running for the federal reserve board. trump says he has pulled himself out, but this is just hours after telling bloomberg he was all in an would only pull out if trump asked him to. i am not concerned. discussionteer the away from things i wrote 25 years ago and towards what i , iieve in and fed policy think we win a majority. it is too late to predict the outcome for 2019, according to socgen, as the outcome has fallen 26%. down bytrading was also 16%, but they say the equity business is showing resilient. at the end,
welcome to bloomberg everyone.ce, good morning if you are watching from europe or the u.s. and even from asia. this is how your markets are doing. we have a little breaking news out of the turkish central bank. it is restarting. the turkish lira has had quite a bit of an impact over the last day or so. here are the markets. stoxx x 600, down .2%. a bit of a wait-and-see mode about the u.s. and china trade. looking at crude oil, currently at 63.34. of course, or arising in the last day or so after fighting in libya raised the risk of supply outages. the yen is also something good to look at as a currency market, 111.45. ed coming up, we have a conversation with minnesota cranny and the saudi oil minister. will talk to him about libya as well. let s get first to the first word news in new york city would viviana hurtado. u.s. and china are closer to a deal, after high-level meetings in washington and the week before in beijing. despite optimism from larry trade reviewss. in a
has been important, remains important in our ongoing reflection on how to design monetary policy. gratitude express my on behalf of of the governing council, the ecb staff for your attention, and your perceptive understanding in these last eight years, but even before. thank you. form of mying to the speech. year has seen a loss of growth momentum in the euro area, which has extended into 2019. bys has been predominantly pervasive uncertainty in the global economy that has spilled over into the external sector. economy hasdomestic remained relatively resilient and the drivers of the current expansion remain in place. remains intorisk the downside. modesty monetary policy assessmentflect this . in the face of a weaker growth outlook, they help maintain a policy stance that we managed to reserve last year that we rotated our instruments from net asset purchases to forward guidance. to policy thereby continues accompany the recovery on its path towards our inflation objective.
best quarter for european equities since 2015. let s go ahead and look at the sectors. not surprisingly, a lot of green when it comes to sectors. health care is the only one down lower. we did get some news from astrazeneca that could be moving health care. commodities doing very well today, a lot of that having to do with the risk on tone. iron or charting higher, helping energy out a lot. weakness in telecom, the worst-performing sectors year to date. perhaps we are just continuing that trade, with traders not wanting to take on that exposure. cyclicals, defenses, all doing well. let s look at some individual companies. we are looking at 418 shares moving higher versus 31 lower. glencore, bhp, those miners doing very well, rio tinto as well. a little bit of tech in there as well. prudential, a very wide breadth of companies. to the downside, unsurprisingly, we will see astrazeneca as one of the worst performers, spending $6.9 billion in a new japanese cancer therapy deal. d