More brexit european stocks recoup the losses caused by the uks vote to leave the eu. Investor sentiment has not bounced. Why . Caroline key question. As we and this week of extraordinary records being broken in stocks and bonds, we look at how we are going to open. We saw a records hit in the united states, currently flat to lower on the cac 40. We are edging into the green with the ftse 100 up 1 10 of 1 . Flat, zero point 00 in the futures market for the euro stockxx 50. Guy im going to pull up a couple of charts. Im going to start up with my gmm. What is going on around the world the echo equity markets yesterday delivered a Strong Performance in the united states. It was partly driven by oil. Aussiedollar, the kiwidollar, all trading lower. The dollar index is 1 10 of 1 higher. The Commodity Markets are looking reasonably buoyant, but the real story is what is happening with wti crude and brent crude. Let me roll a chart in and show you what is happening. This is the oil rally over
Bloombergs European Headquarters in london. We have a great show for you. We Start Talking about the markets. At 9 30, we launched brexit whats next, our new show. Today we speak exclusively to the former italian Prime Minister, mario monti, and labor mp chuka umunna. Lets check on these markets. It was a spectacular, seeing all the movement. Over in the u. S. , we had record highs on all three indices. Economyning, the german slowing less than forecast. Stoxx 600, pretty much flat. This is the main picture we are looking for. Crude oil, for 3. 63. So much speculation on what opec will do. We do kick off our brexit show later on. Euro might be important as we take stock on what the price of oil means. Lets get to the bloomberg first word news with nejra cehic. German nejra German Growth slowed less than analysts predicted, 0. 4 in june, twice the rate forecast. That signals the regions largest economy may be robust enough to handle the fallout from britains decision to leave the Europe
But the hang seng and kospi reopened after the Lunar New Year holiday. South korea down 3 . Shanghai remains closed until the end of the week. Meanwhile, the dollar falling below 112 yen for the First Time Since late 2014. The level of the dollar and the spread between Interest Rates, the did you see the ten year . Its 162. Hard to believe that we are back there. Its sliding by tremendous amounts, by the day. I mean, it was at, i dont know, its like ten basis points lower today than it was yesterday on this prospect of negative rates. Do you really think that she was going to satisfy on the markets yesterday . No. Going into it she was never going to get what people fully wanted. No way. There were some people who wanted her to completely capitulate and walk back from the move in december. Not only did she not do that, she said we have no plans to cut rates again. But theres also nothing that she could have said to asewage the market. She could have said well do more qe and the market
Service, but jay z has been successful because of apple and youtube and all this stuff. What is the criticism hes talking about . Just the fact that its not doing as well as others is that right . Hes trying to move all these premium artists on to his service, some of the other services obviously would like to keep them so theres a big of a scrum going on. Were separated here. Its almost like we need somebody in between us. Keep them separated. Its weird. You stay over there with your views and we know what they are and ill stay over there and well have a point, counterpoint. You are on the left there. Camera right. All day long were a Business Network but there are general news stories that happen and right at the top, i was a little bit uncomfortable. I talk about nepal and i go right to apple, but, you know theres no really elegant segue to go back and forth, so well just do what we do and just excuse the juxtaposition of these stories. Here are some of the big stories that were wat