i am anna edwards. farrage in first, nigel farrage's brexit party comes out on top with 32% of the e.u. vote. he is expected to speak in just a few moments. italy has failed for to have rein in debt. italian bonds extend declines and the euro falls. and away from politics, trade tit for tat. president trump says china wants to make a deal, but the u.s. is not ready. welcome to the special edition of "bloomberg markets q.u.k. and u.s. markets are closed today, and various holidays taking place in those two locations. but dani berger is here with an update on the markets. deny ani: i started off with the stoxx 600, which is gaining, but really, i think all the interesting action today is in the bond markets with the e.u. elections, where we saw the mainstream parties mostly hold on to their grounds. we're seeing core bonds in europe gain yields now below since about 2016, and the bloomberg exclusive on italy, facing up to $4 billion in fines from the e.u. over their failure to rein in debt. that's sending

i'm anna edwards.g lead in the exit polls for modi send equities in india soaring as well as currency. european futures pointing to a mixed session this morning. cash trade is less than 30 minutes away.

let's go to anna edwards. is there anyone left in the cabinet? ime minister may? anna: she was just getting ready and delivering that speech, and her husband was here. she has lost a number of cabinet members as you say. that has been one of the reasons why she has had to go, the amount of pressure through cabinet resignations and quiet words given to her. of orest johnson that was much more internationalist -- boris johnson that was much more internationalist when he was mayor, some in the party will find it hard to see him in the light -- that light, given what he says about muslim women and iran. he has assembled quite a big war chest of cash to throw behind this leadership challenge. francine: a lot of people are quote,by theresa may's saying that compromise is not a dirty word. the prime minister leaving change the arithmetic in parliament? with such an emotional speech saying, i tried everything, it just did not work, when she get behind us what they get behind something similar to this withdrawal agreement? rupert: i think her statement abo

nejra: let's get more with anna edwards in london. also with us is chief economist at sea and why mellon. such a mae's offer get resounding backlash? anna: a couple things looked a bit new. one is the thing that moved the markets in expectation of her speech yesterday, offering a second referendum and offering -- or a vote on a second referendum and also offering a temporary customs union. nobody seems to be listening to theresa may right now. alienated thee brexit argument. within the u.k. political scene now around brexit. she has alienated many of them. it goes to show how difficult it is to find any kind of compromise. people still entrenched and nobody is listening because there is not a hard deadline. that situation that seems to be holding out for their best option, their favorite option, rather than making tough decisions. even some of those mps who held their nose and backed her into third vote say they will not this time around. labor will not, dup will not, many --iteers desha many brexiteers will not either. manus: some mig

i am anna edwards alongside matt miller in berlin. say tgif, mixed as investors wrap up trade treasuries, the cash trade is less than 30 minutes away.

i'm matt miller in berlin alongside i am anna edwards -- anna edwards. 300 51 stocks go higher on the so a little undecided on where we had. some of the london stocks playing catch-up because we were closed for a holiday in london yesterday but this is the upside. infrastructure changing hands in spain. from iliad, up 6%. in spain up. interesting one in terms of infrastructure and telecoms. that is having its impact felt on markets. on the other side, we've got interesting stories moving on the downside. g4s, down by 4%. no offer forthcoming for the whole g4s as they've had the security support business has had an offer. chemicals company talking about being hit with various factors hitting the business this morning. that's get a first word news update. rates don't need to be lowered, but we can inflation merits a close eyes. that is according to robert kaplan. he says overall price pressures will remain muted and tweaks to monetary policy won't effect that. bias towardhave a next move being up or down at the moment. we are in the neighborhood of neutral so i will keep an open mind in

alongside in berlin, -- i am matt miller in berlin, alongside anna edwards. ook at how things are shaping up on the stoxx 600. up.stocks going up the top of the leaderboard on the stoxx 600, norsk hydro. this business has been facing restrictions on its operations in brazil. those have now been removed and the stock is up 5%. 4.5%.p by their numbers pleasing some investors. electric components had numbers out, so that stock up. telecom italia's numbers out. it seems to be the reduction in the debt level from the new ceo that seemed to please some investors. a number of ex-dividends very obvious in the mix here. is ex dividend. , that particular analyst saying they do not think as highly about one. let's get a bloomberg first word news update from dubai. desley: china could retaliate after the u.s. president blacklisted huawei. that's according to the chinese ambassador to the eu. unwaveringna has resolve to defend its interest and promised to fight american ying after president trump announced restrictions on china's technology company. tariffs against china c

i am anna edwards alongside matt miller who is in frankfurt. matt: the markets say which way is asian equities going to follow wall street into the abyss as donald trump's terror of threat is felt in markets. europe and u.s. futures are not showing as much as far as direction. the cash trade started 30 trade started 30 minutes time. -- starts in 30 minutes' time. ♪ anna: get the deal done. jpmorgan's ceo says there is an 80% chance of a trade agreement between the u.s. and china. jamie dimon gives us his view, he spoke to bloomberg exclusively this morning. butt may take more time they should do the proper trade deal. i would rather not do a deal then do a bad deal. anna: siemens plans another spin off. will lift its gas business. 10,000 jobs could get cut across the division. and after the break down. commerzbank proves its strongnce with first-quarter revenue following withailure of merger talks deutsche bank. good morning to matt miller. you are in frankfurt. withocus on deutsche bank. good morning to matt miller. you are in frankfurt. the f

i am matt miller in berlin alongside anna edwards in london. ve a look how things shape up. higher, so weing are not far from evenly split. let's start with some of the gainers, the biggest movers to the upside. fact, we have got a couple of financial services moving well. up 8%, talking about positive conditions in may. apparently, clients were coming back in and taking the opportunity to do trading as a result of these positive -- the positive market conditions. another i want to talk about is intermediate capital, a private equity business in london. the brokers described these numbers as excellent, we see that stock up by 6.7%. a number of packaging companies are also higher. we have had numbers out of royal mail. let's look at the downside. some ex-dividends and telecoms and deutschland -- and telecoms are down almost 8%. this business in norway is down 5.3%. the numbers are perhaps a light compared to the estimates. markets sunday a mixed bag coming through their. -- from there. the u.k. housebuilding sector has had a positive thing to say

i am matt miller in berlin alongside anna edwards in london. talk about where we are. ,80 stocks to the downside giving you an idea of the extent of the selling we are seeing. many of the markets were closed yesterday. the ftse 100 is perhaps the truest picture, we have had a host of earnings since the. the picture was messy in asia and europe. the got a few stocks still on the move. this type maker still up, smith and nephew guiding higher in terms of what they can deliver, up by 3.2%. by 2.9% on the back of what they said was a strong performance. cfo also tell you the company is undervalued. side, youthe other can see weakness in the oil price having something of an impact. lundin petroleum moving weaker, goes energy-related businesses moving a little bit lower. this is the biggest loser, just over 11%. i did see some other companies reporting, hugo boss seems to have dropped, but they have had trouble in the united states in the first quarter. let's get a first word news update. >> jay powell has pushed back at present trumps all for interes

i'm anna edwards. commanding lead in the exit polls for modi send equities in india soaring as well as currency. european futures pointing to a mixed session this morning. cash trade is less than 30 minutes away. anna: europe faces the populist wave. a snap election is called in austria as a scandal rips apart the government. angela merkel warns voters hold the future of the bloc in their hands. crude alliance. oil bounces. saudi arabia urges its allies to keep supply constrained. russia's energy minister send mixed signals. are various options, including relaxing production limitations if market demands need to be covered. anna: big tech goes on the offensive. u.s. corporations freeze out huawei from their supply chain. good morning. matt: less than a half-hour away from the start of european trading. take a look at the treasury yield here. the three-day chart as usual. down inet very far thursday's session to 2.35, just one basis point away from the low for the year. we are coming back now to 2.4%. i

i am anna edwards bloomberg's european headquarters. headed off to the ecb for the stability were hurt. -- report. let's look at how we have shaped up. this is the stoxx 600, only 61 stocks moving higher. indexesthese overall are down more than 1%, half an hour into trade. selling is pretty broad based and it let's talk about some of the stocks talking that trend. , mediaset elekta up taking a stake in this german business, thinking about m and a opportunities within the media sector. real estate is one of the out performers. let's have a look at the downside, this is where the focus is for markets. we have got some ex-dividends in here. bnp paribas is an ex-dividend story. if we had it sorted by percentage, you would see metals down quite substantially. we talked about that just before the start of trade, they are cutting from many facilities across europe. that seems to be a very interesting thing to think about when it comes to global growth. let's get a first word news update. anna.nks, up tog could be gearing use if the dominance o

at and anna edwards take you through daybreak. the european market open is up next. autiful day in berlin. ♪ anna: welcome to "bloomberg markets: the european open." we are live from london. i am anna edwards alongside matt miller in berlin. matt: today, markets say no bias. the dollar gains after less dovish than expected comments from jay powell. european futures, struggling for direction with the cash trade less than 30 minutes away. anna: show's stellar results.

i'm anna edwards. the cash trade is less than 30 minutes away. that signal. -- bad signal. this as new restrictions on huawei take effect today. brexit takes its toll. theresa may agrees to set a timeline for departure as easyjet says brexit will hit revenues. eu car sales fall for an eighth consecutive month, also citing brexit. amazon delivers, the u.s. tech giant leaves a $575 million funding ground in deliveroo. a warm welcome to the program. 8:31 in paris or berlin. let's have a look at the futures. we are expecting a little bit of weakness at the start of the european equity session after a day of stress in the united states. toward the end, we were losing some momentum in the u.s. engine -- session. let's have a look at the gmm function, show you where we have been in the asian session. csi 300 down. we have had these comments from the government friendly chinese media, sources that have suggested that they are not interested in talks at this point. china down. hong kong down. u.s. equity markets were pretty resilient. the earnings story and some of the data coming o

i am anna edwards. the e.u. vote. he is expected to speak in just a few moments. italy has failed for to have rein in debt. italian bonds extend declines and the euro falls. and away from politics, trade tit for tat. president trump says china wants to make a deal, but the u.s. is not ready. welcome to the special edition of "bloomberg markets q.u.k. and u.s. markets are closed today, and various holidays taking place in those two locations. but dani berger is here with an update on the markets. deny ani: i started off with the stoxx 600, which is gaining, but really, i think

david: let's go to our colleague anna edwards in london to talk about the aftermath now that we know stepping down. what comes next? may was-anna: teresa famous for saying that phrase, "brexit means brexit," but we still don't really know what brexit means. june 7 she goes. june 10 we start a new leadership contest for the party and ae new prime minister for the united kingdom. that will take until the end of july. it is a two-stage process that starts asking the number of with askingand ends for the decision of the members of the conservative party, the people in the community who belong to the conservative party. they are known to be very pro-brexit, and they are known to not be averse to a no deal brexit. statements could move the market around no deal. lisa: in the meantime, is theresa may completely out of it when it comes to all negotiations, or sc -- or as she does this transition, will she be playing a role? anna: it seems the brexit process is kind of on hold right now. until the end of july, we will have a caretaker prime minister. interestingly, she is going to have to be

i am matt miller in berlin alongside anna edwards in london. ks going down but that gives you a sense of how risk off we are. in terms of stocks that are moving higher, we are reliant on outperformance in results can or the some kind of positive earnings story. that is up by five and a half percent, numbers coming in better than expected. 5%, betterss of my than expected numbers coming through. up, they were talking about dropping year on year and lower ad revenue and the underlying story boosting share prices. we also heard from this cement company, whether boosting their earnings story. let's move to the downside, because much of the story is in the weaker equity market today. we do have ex-dividends making themselves a few more besides. we heard from anne-marie about the underperformance, that stock down by 4.3% as we look at some of the other stocks. got a day on which the overarching picture is weakness and risk aversion in connection with the latest trade tensions, but there are some earning stories making themselves felt was get the bloom

matt miller in berlin alongside anna edwards in london. hour into the trading day, 522 on the stoxx 600 trading higher at this moment. some smaller, more volatile stocks on top of the leaderboard. a mixed bag. telefonica up 2.8%, numbers coming through from them. to the downside, interesting movements to the other side on the stoxx 600. bayer down 2.4%. you just took us through that headline with regard to aroundup and a third trial in the united states, the big payout bayer has to pay. some of the very early negative adebated. news flow.me merck down 2.4%. they guided a little more strongly in terms of the revenue story out of asia. word get a bloomberg first news update. desley: the u.s. is preparing to hit china with a new raft of tariffs, releasing a list of $350 billion of chinese goods the white house threatened with a 25% levy. but president trump says he will still meet his chinese counterpart at next month's g20 summit. that encounter could be pivotal in the on long -- ongoing clash over trade. bayer lost a third trial over claims

guy: bank of england's pra authority head joining anna edwards. that was sam woods.ance of with david westin. vonnie: they will be talking trade war. meantime, the market continues to rally. this is bloomberg. ♪ ♪ david: from bloomberg world headquarters in new york, i'm david westin. welcome to "balance of power," where the world of politics meets the world of business. on the brief today, from washington, margaret to let on president trump's standup, may'sa rafael on theresa brexit, and mike braun. let's start in washington. the president is having a standoff with congress. does he think he can prevail? >> he does. there is an empty chair to prove it. the president is committed to andstrategy of just say no leaving things increasingly to the courts to decide. we have seen it again in the recent case with don mcgann and the instructions yesterday from the white house based on that justice department memo that the former white house counsel should not appear before jerry nadler's house midi -- house

i am matt miller alongside anna edwards. weaker onstocks going the stoxx 600.sitive territory for a few minutes. it looks as if that might last because futures were pointing higher, but now futures are losing momentum and the equity sector loses momentum. this stock is up shy of just 9% on the back of numbers. 3%, german publisher over they have had an upgrade. uille was up by 8% as well. side ofok at the other things to show you what is going on to the downside. eon is ex dividend. this austrian bank down by 4%. the net interest and income is not impressive. kingfisher is lackluster terms of sales numbers. that is down on the back of those numbers. ault and and -- ren volkswagen are under pressure. we have had numbers which disappointed overnight. this is a sector we are keeping our eye on. let's get a first word news update from dubai. president trump has called on the federal reserve to match china's effort to rcep impacts of the trade war -- offset impacts of the trade war. he says the pboc will also reduce interest rates. he says that if the fed would do t

i'm anna edwards alongside matt miller in berlin. ist: the markets say europe a safe space. european futures point to a flat open as asian stocks tank and u.s. futures are deep in the red. the cash trade is less than 30 minutes away. anna: expect retaliation. stocks slide us chinese media blasts the u.s. for wrecking trade negotiations. larry kudlow says countermeasures are likely. renault is set to advance a full merger with nissan. profits are expected to slumped to the lowest in a decade. u.k. fintech, announcing an $800 million investment in greensill. we are speaking to the ceo just after the open. good morning. matt: we are less than a half hour from the start of european cash trading. take a look at bitcoin. thursday, friday, and today, just to show you the dump -- the jump we have seen. bitcoin trades 24 hours a day, seven days a week. but i skipped the weekend just to show you how much higher we have gone. $7,065 right now. and holding. bitcoin seems to beginning strength. while all other equities are tanking with the exception of equity index futures in europe. loo

i am anna edwards alongside matt miller in berlin. tradethe market say tgif, mixed as investors wrap up trade treasuries, the cash trade is less than 30 minutes away. anna: may departing, she is expected to outline her plans to step down today. plans are in limbo. security threat or leverage play? issident trump says huawei dangerous, but they could be part of a china trade deal. and goldman sachs says by commodities with caution. the lender says there is further pain i had. there is upside for metals and agriculture after the worst weekly slump this year. news,we have breaking coming out with revenue and profit that missed the street estimates. first-quarter revenue of $9.54 billion, the street was looking for $9.57 billion, and off wasng profit depreciation $1.24 billion, we were looking $1.3 billiont -- dollars. the company sees operating profit about $5 billion, the estimate was for $5.5 billion. the outlook missing as well. seeing uncertainties from the economy and trade. there are breaking news headlines, more negative news from

i am anna edwards. the cash rate is less than 30 minutes away. up like a rocket.mp urges federal thes to cut to servo charge economy. economists expect a hold at the meeting. capital -- apple shares bounce

i am anna edwards alongside matt miller in berlin.act, a surprising calm prevails despite resident trump's thread over at further tariffs on china. u.s. and european futures still pointing lower, the cash trade is less than 30 minutes away. anna:

i am anna edwards here at bloomberg's headquarters in london. 30 minutes into the trading day, let us things are shaping up. we are broadly speaking th in the equity markets as trade tensions dominant. they have some of the instructions in brazil lifted on this stock, so it is trading higher. we see this one on the rise as well. attack of his business over in france making games, up 2% after they release their numbers. for the stoxx 600, we have ubisoft the biggest loser,, befor by fortnite effect taking the wind out of the sails of this game's company. they reportedly missed their sales target and now the stock is down 12%. burglary, down 4.2% -- b are lower, sos their stock is down 4.2%. as i said, broadly speaking, the trend is onward. u.s. futures is also downward. let us get the latest update from debra mao. helped, china has holdings of u.s. treasuries to the lowest levels since 2019, a slight reduction of about $10 billion, but it was an effort to hit the two-year low -- enough for it to heat the two-year low, flashing those holdings is your by some as the nuclear option in the

i am anna edwards. the cash rate is less than 30 minutes away. up like a rocket. president trump urges federal thes to cut to servo charge economy. economists expect a hold at the meeting. capital -- apple shares bounce in late trading as it announces plans to return $75 billion to shareholders. no supply fears here come oil retreats after a surprise jump in u.s. stockpiles with an attempt to oust nicolas maduro in venezuela failing. no mac miller today because it is mayday. demonstrations expected to see that during today's business day. as we move on to the pictures in the market, the ftse 100, futures expected to go higher at the start of trade. we haven't got the rest of europe playing. we've got the u.s. session to look ahead to. futures for you and nasdaq futures, crucial because of what we heard from apple. with what they have to say about sales to come in the next quarter that really seems to ignite excitement. you can't look at the nasdaq just today without yesterday. we saw a devastating day for the nasdaq, the worst in more than five years for u.s. tech

i am anna edwards alongside matt miller in frankfurt. : today, markets say the warning bell has run.deep into the red, setting the stage for deep losses at the open. the cash trade is less than 30 minutes away. ♪ matt: bonds boom

i am anna edwards alongside matt miller who is in frankfurt.ay which way is asian equities going to follow wall street into the abyss as donald trump's terror of threat is felt in markets. europe and u.s. futures are not showing as much as far as direction. the cash trade started 30 trade started 30 minutes time. -- starts in 30 minutes' time. ♪

i'm anna edwards alongside matt miller in berlin. ist: the markets say europe a safe space.t to a flat open as asian stocks tank and u.s. futures are deep in the red. the cash trade is less than 30 minutes away. anna: expect retaliation.

. ♪ anna: i'm anna edwards alongside matt miller in berlin.is only code red for china -- for tesla. china shakes off trade. tesla trades at the lowest level since 2016. cash trade is less than 30 minutes away.

i'm anna edwards. the cash trade is less than 30 minutes away. that signal. -- bad signal. huawei take effect today. brexit takes its toll. theresa may agrees to set a timeline for departure

joining me are anna isaac the economic and trade corresponding to the telegraph and the political correspondent for the evening standard, kate proctorjust went tonight because we join sheila edwardsatching the missing is the headlines. you catch of the global fight by cutting greenhouse gases by zero by 2050, according to a report commissioned by the government. the government says it is not planning to call police of a leak from national security council which led to defence secretary being sacked. the air and space for them bye—bye da is putting its belfast operation up da is putting its belfast operation upfor da is putting its belfast operation up for sale. —— da is putting its belfast operation upforsale. —— bombardier. sport now, will round up from the bbc sport centre withjohn. thanks that evening, the rep a league semifinals are under way, both arceneaux and chelsea action for a place in the champions league and whoever winds the competition outright, i hoping to reach that final if they can get to reach that final if they can get toa to reach that final if they can get to a good start and this is the first leg at the emirates tonight, but as you can see, putting valencia