Banking Woes and Facebook Likes – Where Opportunities Lie

Europe’s equities climbed the most in a month, with banks posting their biggest surge since October 2011, on optimism that China’s economy is stabilizing. The Stoxx Europe 600 Index climbed 2.5 percent, with more than 500 of its members rallying. The gauge is extending a rebound after posting four consecutive weeks of losses, the longest run since 2014. In other news, Facebook Inc. shares pared earlier losses after an advertising partner said data about the social network’s ad trends provided on a conference call were incomplete, unauthorized and given out of context. MFM Mirante Fund Management Head of Equities Alexis Dawance discusses with Bloomberg’s Anna Edwards and Manus Cranny on “Countdown.”

Glassman Says Unemployment Rate Doesn’t Tell Whole Story
23:15 - JPM Chase Commercial Banking Head Economist Jim Glassman discusses U.S. unemployment and wages. He speaks with Scarlet Fu on "Bloomberg Surveillance." (Source: Bloomberg)
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