To 10year bond market. Yields moving down by six basis points. There were concerns. Those have dissipated and the rally is pretty strong. Sterling down. 5 of 1 . Three week low. Serious shade being thrown at theresa may today. Jonathan its one of the cruelest things ive ever had to watch from a politician for quite a while. David it was an important speech. Jonathan the letters dropping off the wall behind. Couldnt have gone much worse. Alix david . David time for the morning brief. Coming up, weekly initial jobless claims and trade balance will be released. And at 10 00, factory orders and durable goods and were going to hear from several members of the fed starting with jerome Paul George John williams and patrick arker. Bond markets trying to sort out the aftermath that President Trump might wipe out the puerto rican debt. Something they tried to walk become. And overnight, the puerto rican treasurer say theyre going to run out of money and had to shut the government down if congres
Some are coming in. 44 basis points, a big move this week. Sterling is a little bit weaker after the weaker confidence numbers. The vix is up 50 yesterday. Its the weakest quarterly average since 2006. Gold futures pretty much go nowhere. Is important Economic Data coming up at 830 a. M. Eastern. May, data is of being watched. Time, they are calling for little change to the preliminary estimate. At 1 00, investors will be watching the weekly recap. This is the longest uptrend in two months. Alix look at that. Ofy good Economic Data out europe today. A prudent call for approach to normalization. Thats a good sign. They want to see proof it it can be sustained. , we haverom london Michael Mckee from bloomberg. Do you see the reflation in the day that . Mike you do a little bit. Its hard to take anything out of one month. The Energy Prices are out of the european numbers. Inflation rose from the prior month. You can see it in the energy numbers. And only 4. 6 in may 1. 9 in june. You have
The year. Hugo boss goes down a size. The fashion brand pledges to slim down operations, focusing on its two main brands as it pledges to get back to growth by 2018. The iea warns of a period of greater Oil Volatility ahead but prices wont peak before 2040. Well speak to fatih baril. Welcome back. We have a full hour for you on street signs. This morning, a similar story to yesterday with the markets, most of the markets hanging on to green. A couple markets trading slightly lower. The ftse off by a couple points. The cac 40 and the ftse mib trading higher, the dax just a bit lower. Weve seen heavy weightings in the likes of pharmaceuticals. Technology up by 1. 3 . And two sectors seeing some trading, healthcare and chemicals. Looking at bouygues shares, the company confirmed 2016 earnings outlook despite the french Industrial Group posting a 3 fall in sales for the first nine months of the year the bouygues operating profit came in higher than expected at 570 million euros. The firms
Its 8 00 a. M. Across the emirates, im jc humphrey into by. Angie im angie lau into by. Welcome to Bloomberg Markets middle east. There used to be a show in the u. S. , lets make a deal, deal or no deal. What is behind door number one when it comes to opec . Jc great question. All will be revealed tomorrow but it is all about oil this the major opec and nonopec players set to meet tomorrow. I want to revisit the current state of play for the oil markets. Purple and blue is where the current price of oil is at, and take a look at that white line are allalks in vienna. Round lowering that output we will talk more opec in just a moment. Angie for now, lets do a quick check of the state of play in the markets right now. Mumbai has been trading for almost 20 minutes, and we are seeing gains, although we are seeing a pullback when it comes to risk. We see it reflected in the hong thatand topix, thinking maybe today will not be lucky 13. In the middle east it is two hours away from the openin
The earning news, but i thought the italian bank workout was really interesting over the weekend. Quiet, as always, but that will be front and center. It reminds me of how complex the calculation of dilution is. That is what it is about equity shareholders getting crushed. At howe also looking reliable the stress tests are. Lets get to the Bloomberg Business flash. Taylor one Police Officer was killed in a Suicide Attack in baghdad. Authorities say they killed two attackers in a gunbattle. Committing to the triple lot guarantee. Lock the former minister responsible for pensions called it to be scrapped. The backlash is growing over Donald Trumps comments over the parents of a dead Muslim American soldier. Trump questioned whether the soldiers mother was not allowed to speak at the Democratic Convention because she was muslim. The woman said she was too distraught. A number of republicans joined Hillary Clinton in condemning Donald Trumps comments. Hillary will appear with another billi