Session. Breathing room for Credit Suisse. The lender ceo says he is looking at other ways to raise capital. Him. Going to hear from we are less than half an hour away from the start of cash trading here in europe. It will be an interesting session as equity markets turned around yesterday in the u. S. After a couple days malaise due to the health care failure. Asian markets overnight turned around and european futures gaining. Green. The ftse futures up 4 10 of a percent. Take a look at the bund trade. Littleelds trading a higher. Investors getting out of the safety of german bonds. Right now yielding 0. 9 . Guy lets talk about the gmm. Majors comes to fx, the we will see what happens in europe. A couple things to say. The South African rand move down by 2 . Have relating rerating coming up in april. Big holders of South African debt. A bit of a lead in what happened in london this morning. Back ands are bouncing that could feed into what we are seeing in the london market. We talk ab
Even though officials did not exclude the bond buying thing extended. That is what you need to know. David continuing on the top story about the ecb. A many tempora cant a mini tenter hampshire a mini temper tantrum. Gradually tapering away from quantitative easing. We are joined by paul gordon, our editor responsible for covering Central Banks, and guy johnson in our European Headquarters in london. Paul guy, im sorry. I want to go to you. Tell us what the reaction was in the markets over there. Guy the Market Reaction was fairly fierce, to the honest. May of 2013. Be of the market was spooked by thats would have a ecb taper when the Current Program winds down. But the rational heads are working their way through this. Of course the ecb is thinking about a plan for when he needs to wind down, but if you took a look at the latest data, the expectations, in the ecb, the ecb downgrading its projections. The eurodollar rate, but it did not pick up inflation. It is not expecting to meet it
While treasuries and gold fall. Welcome to bloomberg daybreak. The Dollar Strength playing out. Lets put prospective for you. Rate of change. These are threeweek moves, all the way back, 21 years. That is how big the move has been. This goes all the way back to the year 1995 when he and was trading at a 102 against the dollar. Trading at 102 against the dollar. Lets show you some of the other asset classes. Haveryen, currently 113. 39. At it rose five basis points overnight. Gold, 1178. Pressure from the u. S. Dollar. Also, those are ninemonth goals. On zinc which has been on a tear. Lets get the first word news now. Consumer prices have fallen for the eight straight month. Primary gauge of inflation dropped 0. 4 . It underlines just how distant the worlds thirdlargest economy is. Abortion took center stage in the primary last night. Defended hisner views as the rival attacked. This illustrates this is social, not economic policies differentiating them. Are setes before they to pick th
It is 6 00 in london. Focus on the jobs data. We will talk about the bank of england as well. We are getting numbers from european corporate as well as reporting secondquarter numbers. That income coming at eight at. If we look at Second Quarter offering profit, 2. 4 billion euros. The estimate was 2. 47. What it says is that its on track for its four year target. Im not seeing any detail yet on pimco, but i will dig into that. That is one of the challenges with allianz. This is one of the challenges since the departure of bill gross. Anna of course they have new capital restatement. He arrives on november 1. Onwill be speaking later during programming to the cfo of allianz, talking to was on the move at 8 30 u. K. Time. Thanks for taking us through the headlines. This is the Worlds Largest cement company, confirming their outlook for 2016. Operating adjusted coming at 1. 7 billion francs against an estimated 1. 6. Coming in for the Second Quarter at 7. 2 8 billion swiss francs, an est
Establishment. Welcome to countdown everybody. I am anna edwards. 6 00 in london. Many people focused on what is happening in wyoming over the weekend. That seems to be the focus of the markets attention, eerie calm as we wait for janet yellen who will be speaking, there. Lettuce for the risk radar on various Asset Classes overnight, the dollar rally the theme, a fourday street. Fairly flat now, how hawkish will janet yellen be . Even if she is dovish about the longterm, how contrasting will centralbank policy seem to be across the atlantic . And will that do to the yen . Questions as we go towards jackson hole. The shanghai composite in there for you because it is one of the few Asset Classes that we are seeing, down by 1 . The broader asian picture is fairly flat, illustrating with the msci asianpacific questions around shanghai, will be government decrease Financial Markets once again. Crude oil in there up by one quarter of a percent, fairly sluggish at 46. 88. Holding your the one