mark: james barty and james bevan, stay with us.et yellen's semiannual testimony just around the corner. we're going to talk about market positioning for the second half of 2017. that is next. this is bloomberg. ♪ mark: you are watching "bloomberg surveillance." let's look at the market action. nejra cehic is here. nejra: european stocks rebounding from an april low today. we saw them grand lower after controversy over trump junior. u.s. stocks recovered. european stocks didn't. 0.6%.oxx 600 up some energy stocks leading the gains. almost every industry group gaining. historically, july has tended to be the best month. we will see if that follows through. today, european equities bid. look at sterling. we were seeing weakness earlier from the comments from ben broadbent. seeing a little bit of an edge higher after that wage and unemployment data, meaning we are overall flat on sterling at the moment. it was on its fourth day of declines. longest streak of declines march for cable. we are keeping a close eye on this. it was the only