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I am francine lacqua. Lets tackle the markets. We have a busy day ahead. In the u. S. , bonds, stocks are closed for president s day. If youre watching from the states, happy residents day. Happy president s day. On the rise. Im tishri japan i want to show you japan. Japanese yen falling for once. Lets get to bloombergs first word news with nejra cehic. Nejra chinas yuan surged in the most surged the most in a decade. The central bank support the Exchange Rate. The currency advanced the most july 2005. Ations hsbc has decided to keep its Global Headquarters in london, saying the u. K. Is an important and globally connected economy. The vote was passed unanimously on sunday. Hass these it hsbc remained there for 20 years and it is important for both investors and shareholders. Say they willders not consider a replacement until after the 2016 president ial election. Scalia ....
We are reunited and stocks are up, what a difference a day makes. It is a two day gain since 2011, banks are up. I wonder how long it will last. Guy i spoke to a number of people this morning and they do not think this will last until the end of the week and that it is a kneejerk reaction. That was certainly the view that was held. Francine lets get to the bloomberg first word news. A global stocks extended their rebound to kick off the week, gaining traction amid losses that a their market was expected. The stoxx 600 appears headed for its biggest two day advance in more than four years. Hsbc has decided to keep its Global Headquarters in london, saying the u. K. Is a globally connected economy. Ceo said in a phone interview that written leaving the eu would affect the bank the most. U. K. Has been based in the for 23 years and says remaining there is the best option. Banks are taking a hatchet to their bond trading business ....