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We will hear from the erickson ceo. Manus very warm welcome. There is a nonveteran. Is a bond there veteran. Says, we are in for a rough slowdown in the u. S. Andof his fund is in cash his buyers are getting worried. The beige book tells me there is only a slight modest pace of growth. Good morning. Not fixedsaid it is income investment, it is fixed lawson testing. He does expect a recession in europe and a slowdown in the u. S. Some signs ofaybe concern with the retail sales but lets get back to erickson. In earnings season in europe. Ericsson is telling us, six. 5 billion swedish krona. Net ...

Though perhaps we could be seeing an Opposition Coalition as well. Chart, looking at this the biggest reflection has been the currency markets. Towardsd edging down 1. 27, session lows at the moment , 1. 7 percent fall back or that is the scene outside Jeremy Corbyns house. This is bloomberg. Haidi uncertainty in the u. K. , a Hung Parliament with conservatives falling short of a majority. Plunging theling most since january and raising doubts about negotiations with the european union. The u. K. Could be without a full functioning government 11 days before brexit talks are due to begin. Risha...

And she ching ping touches down in hong kong to mark the 20th anniversary of the british handover. President xi touches down in hong kong. Manus welcome to bloomberg daybreak europe. Been a reset in the rulers of the rate world, sending clear messages. Our thinking is changing and our agenda may change. The ramifications have been quite significant in the bond market and in the fx market. Is mark carney back to being an unreliable boyfriend . All those cliches were being used yesterday. Or is he saying, im still waiting for the data, i voted not to change things, and i ofyed put in the middle ...