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Anna welcome to the program. It has just gone 6 00 in the morning here in london. Focus is going to be on the question of exit of brexit, the future of the u. K. Nervousness over the weekend of how weak the pound would be. The mayor of london decided he was going to back calls for a brexit. Moodys saying that it would be credit negative for the u. K. A lot of volatility in the currency markets. Manus the brexit campaign, will it be a campaign of fear . Euro sterling trading at 77. 78. Lovely one. This this is about volatility taking back to the u. K. Election in 2015. We were way above that level. The volatility is high. What it will be in six months time is rocking higher. Strategists say that dollar sterling will go to 1. 4080. The short positions in the marketplace. The least bearish on sterling since january 12. Anna lets talk about what Boris Johnson has said, the waves he created over the weekend when he announced that he wan ....
Selloff in oil prices. All the major averages are the work of the dow is only off by. 2 . The nasdaq and s p are almost and i get this point. You have seen the bounce weve seen off the bottom. Oil prices indeed are lower today. They made an attempt at going higher fight. 5 . Since then they have turned over by 3 . Analysts are forecasting another build in inventories. Gold futures are higher very, very slightly. There is bit more of a risk off sentiment in todays session. We are seeing buying in treasuries today. That is sending the yields lower. David julie, we are going to talk about this in a moment with Oliver Renick waiting in the wings. Julie it is a little bit unusual, because on days that ive been down days recently, big cap tech has been leading the way down but that is not happening today. The socalled fang stocks are strengthening in todays session. Not a lot of catalysts here. Just seems to be a bit of a 100, within the ....
And new rules on inversion do not appear to be interfering with pfizer. It is working on an acquisition that could allow to move overseas. Pfizer has been holding talks in ireland. And share the world megascotland u. S. A city or he began trading today. Citizens Financial Group raise to 3 billion in an ipo. Range the shares are priced below the marketed range. And president obama embracing the role as world leader from islamic militants to Climate Change here in the u. S. By chief were joined washington correspondent peter cook in washington. Ter, on the agenda is highlights. He will speak in front of the uns General Assembly, that message according to a white house official. Talking about a broad vision of u. S. Leadership, specifically how all of these major challenges in the world, whether it is the situation with ....
Higher. Heres the big stories you need to know about this morning. Greece topping your headlines. Athens widely expected to ask for an extension of a loan deal with the euro zone. Well talk about the implications of that. The bank of japan leaving it unchanged. The worlds third biggest economy is on the lend. By the way, the nikkei 225 is up 4 this year. Here at home a number of economic reports are set to role out this morning beginning at 8 30 eastern when we get the january Producer Price index. Housing starts as well as Building Permits. Later on in the morning we get Industrial Production figures and breaking at 2 00 p. M. Eastern time we get the minutes from the last months fed meeting. Thats at the top of the power lunch which im told is a fine program. I saw that in the prompter. Did you write that into ....
Hello and welcome to countdown. I am mark barton. And im anna edwards. Bloomberg report is a standing by around the world ready to deliver the stories to drive your day. Manus cranny is ready to steer latest dealings with dongfang. Covering clashes in the ukraine and Jonathan Ferro is focusing on the u. K. Ahead of the latest unemployment data and minutes from the bank of england. Givefore all that, lets you a few more reasons to stay with bloomberg this morning. We have some big interviews coming to you. We will be speaking to the ceo of the fourthlargest brewer, Joergen Rasmussen. The peugeot executive joins bloomberg, his first interview of the day. Lets look servo into lets look further into the numbers from peugeot. Theyre beating analyst estimates manus cranny joins us now with more. This is quite a bit better. The loss, 177 million euro and the market estimate was f ....