There is t minus one year and 11 months to hash out a deal. This is bloomberg surveillance. Im Francine Lacqua. We are joined by the head of all the assets. We will be speaking to Aberdeen Asset managements martin gilbert. If you have any questions and are a bloomberg customers, just hit tv. We can ask the guests a question on your behalf. This is the eurozone data and eurozone manufacturing pmi, coming in at 56. 7, a touch below what economists were expecting. Anything below 50 indicates an expansion and it is a touch above what we had the previous month. This is for april, for the euro area. We are waiting for the breakdown to give us the strength and weaknesses of each country. This is the picture for the markets and i would point to global stocks overall rallying. European stocks, gaining 0. 2 , heading for fresh highs. Investors are focusing on stronger corporate earnings. The yen, extending losses. A second. T to the and first, lets get straight to the bloomberg first word news.
Gold was making a bid for 1300. Now coming off that potential. Over,continues to roll separate from the macro events we are seeing there. It is down 0. 6 . David dan coats will testify before the Senate Committee on intelligence. At 10 30, we get weekly crude inventory numbers for the u. S. We expect supplies to fall. President trump continues his infrastructure week, traveling to cincinnati, to talk about investments in waterways. Jonathan we begin in spain co popular has been rescued by santander in a takeover. Seeing debt surging. Joining us to discuss more on the acquisition is Bloomberg Intelligence ajit. It will not make sense to people outside the markets. Market, this makes a lot of sense. Walk me through the junior debt and the senior debt. What has happened is overnight the ecb has market, ta lot of sense. Deemed popular is likely to fail. Debt,eans the tier one the tier to get have been two debt have been written down. Two has been converted into shares and transferred to sa
To reasonable policies. Francine good morning. This is bloomberg surveillance. We have great guests. We will be talking dollar, pound, and some of the greek bonds. First things first. Thats check in on your markets. This is the picture. Banks in the u. S. Yesterday leading the rally, as janet yellen, with her comments yesterday, seemed have buoyed equities. A lot of banks in europe are still gaming. 1. 6 for the industry in europe. Stocks in general are gaming. A next bag in terms of earnings. Lot has been playing out on the currency markets. Chinese stocks in hong kong jumping after record new credit fueled optimism for strength of the chinese economy. Lets get straight to the first word news. Here is nejra cehic. Trumpsides to donald president ial campaign had contact with russian intelligence officials according to the New York Times citing former and current officials saying intercepted calls show repeated contacts with senior russian intelligence officials in the year before the e
Widely forecast by 28 out of 29 analysts by bloomberg policy makers back in september scrapping plans for further rate cuts amid signs the nation was withstanding the slump in oil prices and inflation remaining above target. 2. 9 sweden earlier keeping rates unchanged leaving the door open for further stimulus in 2017. That is the big headline. Norway central bank maintaining the key rate. Lets look at whats happening across the assets. The stocks were earlier. It suffered earlier. Down. Worst stretch from september well over a month. Ahead of the allimportant g. D. P. Data in roughly 29 minutes time. It bottomed at 120, 123. Thast the lowest since may 1985. The tenyear yield is little change. Yesterday it rose to the highest since june 23. Up from 51 bases points on august 8. The lowest boosting expectations and moving to expectations of inflation. What a good time to look at the breakeven. The almost highest level in three years. Risen 2. 3 prereferendum. This is one of my favorite c
I am mark barton in london. And i am Francine Lacqua, right here in rome. We have been in rome the last three days. When you look at the markets, they seem very calm. Be buying some of the bonds to keep that safety blanket in check. We will find out more on thursday, when i am sure mario draghi will be fielding a lot of questions about the political upheaval here. One thing i keep being told over and over is that investors burned by brexit are still burned by trump, but this time took the right positions. Timetable. Talk when will lindsay step down as Prime Minister . Francine at this point, we dont know. We know that the president met with the Prime Minister, matteo renzi. We understand they met twice yesterday, once in the morning and once in the evening, around 6 00, 7 00 p. M. The second meeting was quite long. It lasted an hour. Matteo renzi tendered his resignation, with the president saying, hold on. I need you to first pass this budget law. Means that failing passing of the law