Going to session lows area traders have been looking past the escalating tensions to signs of the pandemic recovery. Hong kong is bracing for what the biggest protest in months as the City Government meets to discuss criminalizing disrespect for chinas National Anthem. Shery looking at markets trading at the moment, u. S. Futures are down. 1 as the s p 500 and the rest of the broader markets are in the green. Still fading in late trading sessions. The s p 500 going back below the 3000 level. It had stayed up but bloomberg reported the u. S. Is mulling sanctions on u. S. Officials and firms over Hong Kong Chinese officials and firms over hong kong. We got chipmakers exposed to china tumbling at the end of the session. The usual laggards led the gains today which was an interesting rotation when it comes to the markets. We had data, Consumer Confidence was stabilizing in may. Looking at a mixed session in asia as we get these conflicting signals like concerns over the u. S. China relatio
Fed chair jay powell has to strike a fine balance at jackson hole. Fears of recession swirl, but regional fed president s question the need for more cuts. As i look at where the economy is, it is not yet time. Im not yet ready to provide more accommodation to the economy, without seeing an outlook that suggests the economy is getting weaker. Matt a working weekend at the g7. French president Emmanuel Macron tells Boris Johnson a new brexit deal in 30 days is unlikely to happen, and italy has a few more days to cobble together an unlikely coalition. Plus, the perfect storm. Germanys Buddhist Bank bundesbank say it is not time for stimulus even as sentiments hours on the manufacturing sector. Welcome to bloomberg markets, the European Market open. Were looking at futures pointing to gains. The u. S. 10year yield continues to climb. 1. 64 , 1. 65 the next stop, and in terms of European Equity index futures, we see green across the board, on s p futures as well. Upe a look, dax futures. 75
Reports. Welcome to countdown. Manus coming up, i sit down with a veteran in the kipling suites at one of the most exclusive hotels in the heart of marburg. Mark breaking news from the mp of the biggest and in france, a surprise increase in firstquarter profits,. Net income rose to 1. 6 5 billion euros, up from 1. 4 billion. Bloomberg spoke to the cfo about the numbers. It stems from good performance in our specialized businesses. That coupled with positive jobs means our revenue is outpacing our cost. Lets not forget that it contributed to the acquisition last year. We were a leader in france, germany poland these contribute us well. The main thing is if you look at cip, they contributed to the Exchange Rate an increase of 13 , 15 . All stemming from business demand, both on high transactional volume and growth in europe. Do you foresee that this recovery is going to be sustainable . There has been a good demand this quarter, so businesses up and from a Strong Quarter last year i woul
Is king as well as the u. K. There are 14 other countries they will represent there. And then the 2nd part of that meeting, king charles will come in and take an oath and speak to those present. Hes already the king, the he became king, the moment his mother died. But this is a rubber stamping. Remember, going back years and years in history, there was sometimes questions over succession. There were sometimes wars in europe over succession. This is showing everyone that he is the rightful king. That a Session Council taking place on saturday. And then after that more tribute here in the, in the house of commons throughout the rest of saturday and some of the m. P. s the senior mpg will be swearing their oath of allegiance in that saturday session to king charles or all of the employees will have a chance to do that when parliament is formerly sitting back in normal business after the period of morning, which we believe is going to go on for more than 10 more days. No formal arrangement
King charles the 3rd has addressed a nation, grieving for his mother. You case longest serving mana queen, elizabeth the 2nd a towering figure who rose above politics and remembered at home and abroad in it, trees and members of the public have gathered that saint pauls cathedral in the service of remembrance. And i in a televised address in charles a 3rd pledge to continue her legacy of diligently serving the people of britain and the common alongside the personal grief with all my family feeling. We also share with so many of you in the United Kingdom, in all the countries where the queen was head of state in the commonwealth and across the world. A deep sense of gratitude for the more than 70 years in which my mother, as queen, served the people of so many nations as the queen herself did with such unswerving devotion. I too now solemnly pledged myself throughout the remaining time. God groan smith to uphold the constitutional principles at the heart of our nation. To my darling mam