Lets look at these markets and our into the european trading day. Stoxx 600 in europe up by. 1 . And even start to the trading day. Evenly divided winners and losers on the European Equity markets. Lacking any direction. Into the u. S. , also lacking direction. We have seen a little bit above the flatline. Not getting a great bicker great bit of direction. A big focus on Central Banks and a u. S. And a focus on u. S. Policy. Titians, ay trade tensions, that coming up. Wrist bank leaves behind five years riksbank leaves behind five years. Is now what we are showing you. We were showing you the norwegian krone. Not to be confused with the riksbank. Bank, we scroll back to what they did there. That was as expected. See a to this picture, we number of Central Banks leaving policy unchanged. They were treated for negative Interest Rate hiking. They were moving in their own direction moving against the cutting cycle for many previous months. We continue to do that. Lets get a new lets get an
Others. An extraordinary year to look forward to. Thank you so much for being with us. Much to talk about in the next halfhour. I want to talk about your new effort, thinking about immigration and what it means. We must talk about the central bank. Weve got to talk about the markets. You have been the gloom cruise great pinata. Good times, bad times. We cannot possibly go up. Confounded off the gloom of last december, but confounded over one year, five years, 10 years to good and substantial equity returns. When does it end . Abby tom, thank you first of all for having me here for this discussion. Gloom at yearend 2019 in many ways set us up for a good start to 2019 in the markets. One of the things i am concerned about is just how happy everybody is as yearend 2019. I think what is priced into the market right now is an economic scenario that seems to be the most likely. No recession. The economy perking up a little bit. Corporate profits in single digits, maybe higher growth. It is p
european stocks gaining. the markets a lot cooler about the coronavirus. importe focusing on this seen by china for u.s. products. 1.67.s. 10-year yield we will have more throughout the show. that s get to the bloomberg first word news. in the: we begin here u.s., president donald trump has been acquitted and is impeachment trial in his impeachment trial. mitt romney was the only republican to break ranks. he cleared the president of the obstruction charge but voted to find trump guilty of abusing power. than 560. more than 28,000 people are infected. some figures grappling with the largest ever lockdown. hong kong now says it will quarantine all arrivals from mainland china. talks between asked experts that is as and russia remain split over the threat of ages coronavirus. over asia s coronavirus. while russia is willing to resend the current cut it doesn t want additional measures. the uk s economic growth targets are being called into question. national institute o
Anna good morning everybody this is bloomberg daybreak europe. Lets get to the numbers from Credit Suisse, this was powerhouse giving us their numbers the swiss powerhouse giving us their numbers. , 12. 8 . Uarter they say that is a strong start to 2018 market dependent activity. Fullyear Dividend Per Share is 0. 25 and swiss franc in swiss franc. Also veryn trading much in focus, that is still 30 of this business, even though they have pivoted towards what management. Of this business, even though they have Wealth Management. They had to liquidate the products related to vix. Getting down the profit and loss 2. 14 2. 1 3ss 2. 13 billion, which looks to be smaller than expected. We will speak to the Ceo Tidjane Thiam later. We will bring that to you in the 6 30 portion of our program. Agricole got credit bucking the trading trend. That is an unexpected increase in their trading revenue. That has defined the trend of the overall industry. 32 ome comes in up 33 . Provisions fall by 15 .
Surveillance. In the and the european session has not come through to the asian session. We got the s p futures firmly in the negative territory. We have seen the s p futures on the back foot. Interesting to see what has been happening in the currency market. A lot of yen strength in the market. The dollar is down against the japanese currency. We heard from the japanese Prime Minister, he had some words to say about who is going to run the bank of japan. There has been lots of reports about Corona Kuroda been tapped for a second term being tapped for a second term. We have an exclusive interview with the ceo of the Luxury Group Sales werer holiday good. I would be taking you through the first hour, nejra cehic will be with you for the following couple of hours on bloomberg surveillance. U. S. President trump has unveiled a 4. 4 trillion budget for the 2019 fiscal year that and otherwelfare domestic programs in favor of higher spending on military and immigration enforcement. Calls for