Loreal. Manus welcome to bloomberg daybreak europe. I am manus cranny. Anna edwards is out this week. This is the deal. There is value in water. That is what we have got here. This is the forward for nestle. It is trading at a premium. To its peers. On average, is about 4 over. This is a value creation. What does he want . He wants loreal. Mark schneider, activist shareholder could be his Worst Nightmare or create value. Sell a stake in loreal, taking 27 billion. Any 7 billion. This is rare to find a businesslike nestle with so many avenues for improvement. Set a target, the break. 80 to 20 in terms of your margins by 2020. What will nestle deliver . Lets see how the stock performs on the open. You go away for a begin to come back and nothing can stop the juggernaut of foolishness bullishness. The msci pacing higher. You have oil rebounding. You see technology playing into this market. Since on is up 1. 2 . The csi 300, what a storm or. A stampede continues. Mscis addition to mainland
Present anytime soon. Shares in the photo app maker plunge as user growth stalls. Can any filter save it from the instagram threat . This is bloomberg surveillance. We are getting some breaking news out of the iea. Dip as we are seeing a across global stocks because of the threat from the Korean Peninsula. This is what im looking at. They are cutting estimates for the crude needed. I imagine they mean the crude pumped from opec for 20172018. They also go through some of the compliance issues opec was discussing. I dont know whether this is having an impact on the price of crude. You can see brent down some 0. 8 . They say that Global Oil Demand is rising to more than 100 Million Barrels a day for the Fourth Quarter of 2018. This is what im looking at for the rest of your data check. It is a risk off kind of mood. This is what were seeing in equity. Havens are gaining because of the korean tension. We had ray dalio publishing a note, a game of chicken between the u. S. And north korean
Daybreak europe. Some on the Federal Reserve have repeatedly warned about the appreciating value of the dollar. What has that done to the markets . The dollar is lower against the d10 currencies. Back, and we would go this is what we got. This is the dollar position. At the start of 2016. The market data suggest we are long, but we are no word near as long on this dollar run as at the start of 2015. , dont forgetions the 181. If you go by that theory, there is still the propensity for this dollar to move in syncopation with where the cash price is. About theeed to talk currency market, the dollar being one of the big stories. The yuan being another. Lets talk a bit more about the dollar to emphasize the weakness weve seen overnight. Cutting the bullish positions overnight. Its not normal and one. Vernight trading session the fed grappling with uncertainties about what the trump policy will mean for the u. S. Economy and the stress in the dollar as you mentioned. 35 , youve got to pay 3
Anna a very warm welcome. Our flagship morning show. Manus last week it was mexico in the sidelines of donald trump in the past 48 hours it is seven missions nations from the middle east. Uncertainty as to what that policy will be. Were seeing money come out of the dollar. Buy the dollar on any weakness you see, but you see the dollar broadly lower on the week you have economics will challenge politics. The bank of japan, bank of england, a great deal of ego playing out. It, the no doubt about latest vote from trump has raised the risk off in the markets. Anna in terms of unpredictably the policy, yes. Manus yes. Anna the tradeoffs they have had resulted in donald trump. Dollar. D about the the dollar index drives the point home, don. 2 . 80 week. Banksd meeting, central meeting, corporate earnings out in the u. S. Reflecting japan and australia, much of the region is closed but there is a downward bias to equity market in region. That is even being driven or spilling into the business
Story . A major brexit, the former minister the former Prime Minister is setting expectations too high. We will talk about death you will find out when we speak to the head of the chambers of commerce. A halfhour from the open of trading. Oner 12 consecutive highs the Dow Jones Industrial average we have futures pointing higher. Asian markets rallied overnight and gave up the ghost into the close. You could see little change at the open. As far as the bond trade is going in germany, we are seeing yields rise as traders sell off the debts. This is a to depart, the yield 0. 203. Int yields rising a little bit and get have been up as traders complacent ahead of the speech. Absolutely be critical. The dollar is down versus the end, down versus the swiss franc. And if bit of litmus paper. The british pound is softer. We watch and see how that reads into the sterling story. Top. Ntioned this at the Interest Rates possibilities going with a march contract. We have seen a significant meeting.