The centralbank prepares for its last super thursday ahead of the referendum. We will bring you full coverage, live on bloomberg. So we are 28 minutes away from the start of the european trading. It looks likely will see a mildly negative start to the day. Let me show you whats happening. This is the picture at the moment; you need to focus on his missed price column. London looks like it will be down around 3 10 of 1 . Continental markets looking firmer. I would say probably that points to a flat story at the getgo. Caroline yeah. Lets have a look at the asset checks we have on. I want to draw into what has been happening on the oil side, and what has been happening largely on the japanese trading front. Keep an eye on oil. There was a surprise reduction in inventories in the united states; we saw it down to its lowest in september, 2014. Clearly a bounce in oil has been driving it, some japanese bonds to keep a close eye on. Im interested by the fact that 30 year japanese debt sales
Up italys troubled banks . So, welcome to the program. This is the pulse live here in london. First things first. Lets check on the market. Overall, we are seeing a lot of european shares on the downside. We had disappointing news in terms of earnings coming from japan. We also had disappointing figures from a cement company, goes to construction. It is the backbone of the european economy. I want to show you the pound. Later on, it is the last time we hear from mark carney and the r expectations for Interest Rates. The last time we hear from them before the june 23rd referendum. A lot of banks are under pressure. Now lets get straight to the bloomberg first word news. In Mitsubishi Motors have jumped by 16 after confirmation it is in talks with nissan, including for a possible capital tie up amid a fuel economy scandal. Nissan is seeking a 33 stake in Mitsubishi Motors. Credit agricole reported a decline at First Quarter profit. Net income fell to 227 million euros. Therading revenue
Tom, we had a little bit of eurozone data out. Continue watching a lot of the banks. We are waiting for Standard Chartered. Hsbc all about costcutting. I do not see how that could be a good strategy. Costcutting is front and center but all the focus is away from Standard Chartered on those European Banks. Bid thisbit of a morning. Francine they do a little bit. Certainly some of the stronger banks. Standard chartered coming up, we have to look at pretax, worse than expected. It is the Capital Buffers that investors are watching out before out for. Ct1all, that first half capital ratio 13 13. 1 . Pretax a little bit below. Capitalirst half ct1 ratio 13. 1 . Tom Standard Chartered is an emerging market proxy. Youve got the mexican peso out to to 19. That is all you need to know about emerging markets. Ian markets more than Central America but you make a very good point that this is not really a u. K. Bank. They are headquartered here but it is an asian bank. Lets get to first word news.
Is up a buck. Our roadmap begins with historic highs for stocks, and the worst plays at these levels and where it may go next. It is amazon prime day, and now the company hoping for a big boost to its bottom line from new amazon prime members, the real driver behind the massive craze. And pokemon driving nin tete stocks up high, and stocks looking to make more history, a day after the s p set those record highs since may of last year. Alltime internet high now 2143, the closing high, 2137. Nasdaq poised to open in positive territory, which it has not done, unlike the other two, all year long. Your point this morning, jim s, not enough people care at this point . No, too many people ordering shoe dog for you on amazon prime day right now. Right . Here we go. Im ordering shoe dog. Nick nike has yet to confirm, starbucks has yet to confirm. If we can get amazon to get going, we get cisco, say through 30, intel positive note, we take microsoft and shoehorn nintendo, we could get them. This
For this morning i thought about putting Deutsche Bank. Its now gaining 10 . European stocks are doing, rebounding from the lowest levels since october 2013. Euro stoxx 600 gaining. The banks gaining 3. 5 , led by Deutsche Bank rising 10 after the german bank is considering buying back some of its debt. I want to show you the yen. The yen is so strong it may need more policy action from either the government or certainly from governor kuroda. Lets get to breaking news out of italy. Figures. Ome in terms of some of the data, yesterday it was a little bit disappointing in germany. Today, industrial output in italy falling to 0. 7 month on month. It is worse than expected. This is the situation we will keep a close eye on. Lets get to first word news. Antiestablishment candidate, donald trump and Bernie Sanders have claimed injuries in the New Hampshire primaries. Sanders one easily over Hillary Clinton, meaning the democrats could be heading for a long and competitive nomination fight. A