Most in a closing basis rates the s p 500 and its at a record. You will see if it remains. It is a broadbased rally. Look at the bloomberg. We have all the groups here. Financials are getting the most, along with technology, materials, and energies doctrine of the groups in the s p 500 are higher here. Financials and technology are bouncing back as we see gains in yields. In particular, because losses associated with the storm will not be as steep as has been predicted. You have insurers all higher. T says it sees losses that is net. The company says it has a strong surplus level and a Strong Capital position here. We gote of the estimates those downgraded. Overall, the losses e stimated 49 billion instead of 200 billion is estimated previously. Friday heading into the storm, we were already seeing the prices of these cap bonds drop. Cat bonds drop. Using the prices go higher. Update on today, there is a day lag. But this shows you the trends. What is i mentioned going on in the bond m
Lets quickly check on your did. We see somey where distortions are some of the key data points we need to watch out for. Risk assets seems to be taking a breather amid the further signs that chinas economy is cooling. Base metals seem to be dragging down a lot of the mining stocks. Bp and the stoxx 600 basic resources down 1. 3 . Major currencies drifting before the Rate Decision. The inflation data which is why want to show you the pound 1. 32106. And eurodollar. We will talk plenty more currencies throughout the hour, the lets get to first word news. North korea has been to use a Nuclear Weapon against japan. Agency quotednews that japans archipelago should be sunken into the sea. The japanese said that the threat was an abominable provocation. , some has blood chinese backed investors from buying a semi conductor. The fourth time in a quarter of a century that the u. S. President has stopped a foreign takeover of a firm. China says it is concerned by the move and that the u. S. Shou
Fear. Good morning. This is bloomberg surveillance funds. Ill talk hedge we will also talk markets. Check, the dollar is extending its rally. Of optimism over the health of the u. S. Economy. Also optimism on the tax cut plan President Trump put in place. Stocks are a little bit mixed. There is not much change. Pretty much flat. Investors are trying to assess the implications of the tax proposals. Your at a in europe disadvantage. We will get deeper into that. Ere is nejra cehic they are looking to capitalize on a boost in his approval ratings. Therenk of englands should be good news for the u. K. Haldane said he is among the majority of dealmakers. A reduction may be warranted. Uks Civil Aviation authorities have launched action for specifically misleading passengers about information about their rights following a wave of cancellations. It is part of a consultation that will last seven days and could take legal action if necessary. Mark zuckerberg has defended his company after donal
About what we saw in the u. S. Delegating, treasuries falling. The latest of elements in showingon seem to be optimism on the markets. Rebounding after the selloff we saw yesterday. We are looking at gold heading for its fifth weekly drop. Save havens seem to be losing favor with investors today. Those are your markets. We have a great guest lineup today. And others join us. As theresa may negotiates in brussels, opposition labor gives us his take on brexit. Lets get to the bloomberg worst the us get to the bloomberg first word news. Sebastian Angela Merkel has called on the you to shift their stance so a Brexit Agreement can be reached by the end of the year. Theresa may signaled she is willing to offer more on the divorce bill. May urged leaders to help her find a deal so she can sell them to sell it to skeptics at home. In spain, both sides of the standoff over catalina are often the ante. Standoff over catalonia are upping the ante. Catalan could declare independence within days. I
Market is on edge as he stoked speculation on who will head the fed. Yousef 5 00 a. M. And london in london. I am yousef gamal eldin in dubai. Rishaad i am Rishaad Salamat in hong kong. Hong kong stocks coming back online. Is earning release. Its earning release. Beating estimates. Something you flagged up, new money, yousef, right . Yousef exactly. Net new money, reversing what has been an outflow in the prior period. In terms of the other asset prices we are watching, before we get to that, a reminder that the finance director joined us in half an hour to discuss the results to be able to flush out some of the details. A lot of the questions around of the buybacks. A lot of variables here. To an into that. Also, to return to some of the market themes, which continues to hover above 60 per barrel. Confidence in the opec agreement been extended. Futures underperforming gold still. A little bit of upside at 16. 78. The u. S. Treasury is currently bonding for the benchmark index and the