Somewhere between debating somewhere between 0. 25, 0. 5. Mark the British Chamber of commerce says the weaker pound is failing to boost u. K. Growth. We speak to the head of economics. This is bloomberg surveillance. Im mark barton in london. Check out european stocks today, on track for a weekly decline, continuing that trend of alternating between weekly drops and gains. Down today by 0. 2 on the european benchmark. Above 1. 20. Rising for a fifth day today, best run since august last year, aside from admitting the Exchange Rate and volatility is problematic. Draghi declining to talk about any action to reverse the course. Highest for the euro against the dollar since 2015. Look at the u. S. 10year yield. Down by a basis point. Lowest since november 8 last year. You know what happened on that day, the election in the u. S. Geopolitical tensions, Hurricane Irma, driving yields lower across europe as well. Nymex crude is lower today. It is headed for the first weekly gain since july a
Slumped to record lows, is the ecb about to make the same thing happen here in europe . Good morning, hans nichols. We are seven years into this rally. We have had a decent bounce in the equity markets. My question is, is this recent rally now over . Interesting thing about most of their bear markets is they have been preceded by optimism. This time, we have nothing but optimism. Still, people are fleeing equity markets, a little bit concerned. Its hard to see if anything is going on behind the calendar. You and i will not talk about sorry itches. Anna you are reading my mind. This bull market is sevenyear in. Seven years in. Hans nichols and i, we are at one mind. We are a half hour away from the european open. Lets talk about how we think the story is going to develop today. We go to the terminal, to the bloomberg, wei. The fair value calculation pointing to a mild bounce, but yesterday, we saw aggressive selling in a number of sectors. It looks like we could see a little pop today o
Learner new year holidays. We are seeing a complete reversal on european stocks. For him to dive into the brexit issue is a nice sideshow this morning. I guess the main event will be any comments on negative Interest Rates or further negative Interest Rates, one of our themes, no doubt about it. Francine it will be interesting to see. Lets get to the bloomberg first word news with ramy inocencio. Hillary Clinton and Bernie Sanders squared off in their last debate before five states hold their primaries next tuesday. They zeroed in on seems they hope will drive democrats to the polls. When we talked about immigration, the secretary will remember one of the great tragedies of recent years as children came from honduras, where there is probably more violence than on most any place in this country and they came into this country, and i said welcome those children into this country. Secretary clinton said send them back. Each one accused the other of flipflopping on immigration to appeal to
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