Quickly lets check on the boards because we are seeing its all about what janet yellen will say later on at harvard university. Index practically unchanged. They are waiting for chair yellen to speak. Streak. Pping a 7 day lets get straight to first word news. Major economies have strengthened the resilience to avoid falling into another crisis. Also says that Monetary Policy is not enough for spurring growth. Abe failed in his bid to have leaders warn of the risk of a after heonomic crisis presented documents indicating there was a danger of the world careering into the crisis on the crisis of the 2008 lehman shock. Out china asdged the worlds secondlargest supplier of external credit in a decade. Japan, the top creditor since 1991 remains in cold position. Stay with japan, Consumer Prices have dropped for a second months. Insumer prices fell 0. 3 april. The lack of growth will intensify pressure on the bank of japan to consider further monetary stimulus after governor kuroda disappoi
Bad loan charges mount. The biggest conference kicks off in barcelona and we will be speaking to the ceo of ford from the world congress. Dominating boris out in the story now making his mark last night. I guess that does make it harder for those who want to keep the u. K. In David Cameron. How is that in berlin . Hans they are waking up to the story now and in some of the papers they had british polling on what the likelihood of the brexit would be. Most of the conversation still dominate this refugee story but very much on the brexit in the financial press. Will chat all about this throughout the show. Let me take you to the bloomberg function and show me what you think and show you what we think is the fair value. This is the line to focus on here. It looks like we will get a positive open for european equities after a solid week last week, one of the best you see for european equities for quite some time but you have to remember that there were some negative views before that. Hans
Supplementary budget . Brazils Largest Party pulls away from Dilma Rousseffs coalition. Is impeachment all but certain . Good morning, hans. Front andnter center once again. There are a number of questions that surround that. Does yellen have control, and where are the hawks . Hans if she doesnt have control, the markets to. That seems to be an interesting flip of the script, and we should also talk about brazil. I thought you were going to make the suggestion that you and i host this show from the beach. We are here in the dreary months of march, but i suspect you have other highminded plans. Guy lets go. I think that is what we should be doing, get us going down there to brazil. I guess the second point in my mind about the fed brazilian beaches sound much more attractive lets talk about the fed. Page, and youfed look at the speakers over the next few days. Doves. E all for the next few days, the conversation is going to be dominated by the dubs. The doves. Its many days until we sta
Welcome to the pulse live from bloombergs European Headquarters in london. Im francine lacqua. Today is all about the u. S. Jobs data and whether it can give us an indication of what janet yellen may or may not do in june. This is a picture for the msci index. Down 0. 2 . We are down on the week, the biggest weekly loss since february. Yen rising a touch ahead of that key american jobs data. Haven,u look at yen as a weve seen it increased this week. Lets get the bloomberg first word news with nejra cehic. Nejra the aussie dollar has dropped and bond yields have fallen to a record after the rba reduced its outlook for core inflation. The quarterly statement sees underlying inflation of 1 to 2 this year. Disinflation will be a key challenge for incoming rba who willphillip lowe, succeed Glenn Stevens in september. U. K. Voters have given their first verdict on Jeremy Corbyns leadership of the labour party. Early results suggest sustained losses across england and in elections to the Scot
Currently, we see the others drive higher. Currently, a state of risk appetite. We wonder if it is time to get back into the market. You can see similar risk appetites when it comes to fx. 2 10 of a is rising cent today. Even though the yen is currently on track to have its best quarter in three years. Havens are out of the money going. The euro has been a haven in the past quarter. Meanwhile, commodities trade higher. Currently, the Copper Market is up. It looks like it is higher. We see some move in the commodities at the moment. Us look at the stocks there this morning. I want to focus on autos in particular. Os are driving 1. 3 higher. Is cut somena slack. We see big news on autos. We see china cutting the tax on small passenger vehicles. Anything is better than 1. 6 10 rs, will not have to pay tax anymore. You pay 5 tax. That helps the autos currently trade up. It is set to open higher this morning. Down by one point 1 . The estimate was for 1. 3 decline. The profit will be modera