A direct challenge to amazon. Kuwait, 7 00 a. M. In. 00 a. M. In london im yousef gamal eldin coming live from kuwait city where opec producers will meet with some of the nonopec counterparts as well to figure out what the road had looks like. And i am Tracy Alloway coming at you from a rainy to buy where it has just turned 8 00 a. M. I have a feeling oil is going to be the big theme for our show. Over. 5 i up a little on friday at 47. 90 a gallon a barrel. 80 cents, up almost half a percentage point. It has not been a great week for at 51ving brent opened and . 80 a barrel on monday. With that in mind, tell us what you have been hearing. I know there is a gorgeous sunrise, clouds are definitely gathering for opec. Inventories,rude friday, up toof 652 rigs. You have libya described as a red herring. Since 24 hours in kuwait city, it will be about measuring the pulse of compliance. Compliance is what it is all about. That has been in excess of most estimates. The issue has been the nono
Anna a very warm welcome to bloomberg daybreak europe, our flagship morning show in the city of london. Im anna edwards. Manus and im manus cranny. So you go away for a weekend ball euphoria donald trump didnt get his health care through the squabbling. The impact on markets is immediate. This is the dollar. The rise of the dollar on the accession of trump into the white house and his promised policies, and there, down, down, down. You seem the dollar touch a fourmonth low. The 200day moving average could be breached. Thisof America Merrill say is still one of the most crowded trades out there even though 32 of their survey say the dollar is overvalued. Buoydata isnt going to the dollar. Manus anna interesting to see just how far the dollar has retreated, almost erasing the gains it has made. Putting up the risk radar takes is a bit further into that dollar story. Weve got dollaryen in there for you. It is 110. 40. Will it go below 110 . Does that trigger some stop orders . We will kee
It rocks rupert harrison. Lets get to the bloomberg first word news. Here is Sebastian Salek. Sebastian the u. K. Prime minister will follow her initiation of the Brexit Process by setting out how she plans to bring thousands of European Union regulations under british control. Theresa may announcing the start of departure negotiations. The following day, her government will publish plans for its repeal bill. Portugals economy minister told bloomberg the negotiations must not be allowed to weigh on the rest of the block. 48 asl is trading near some opec members back an extension of the deal to cut output. Five opec producers joined with support fore prolonging the cuts. Russia said it needs more time before making a decision. Prosecutors are seeking a warrant for the arrest of ousted president park. She was questioned about the undue influence scandal that forced her from office. Shes accused of pressuring businesses to donate millions of dollars to a confidant in return for government
Morgan brennan. Good morning. Good morning. Great to be back here at this early hour with you. It is lovely to have you with us. Well get straight to the markets. This morning after a week we saw gains, quite a lot of movement in volatility. Of course, that fed meeting in the middle of the week where we didnt see the hike in Interest Rates did leave markets to move around in various directions over the course of the week, but we did have about 1 of gains for the week as a whole by fridays close. As you can see, were expected to open down to the tune of 80 points for the dow. 10 points for the s p. And 27 for the nasdaq this morning around half a percent of declines expected. We look at the tenyear treasury note, which of course had paused its rise recently and now is closer to the 1. 6 handle up near 1. 7 a couple weeks ago. And taking a look at european equities this morning, those are tracking lower. The german dax is down 1. 5 . The french cac is down 1. 7 . The ftse 100 down over 1
Attracting overseas investors for the first time in history. A singaporean is buying a 49 stake. Do let us know what you think of todays top stories. The china and hong kong markets get underway in 30 minutes, but singapore, taiwan, and malaysia coming online. How is the trading week shaping up so far . David extending losses from friday. We went into the european session, more weakness came through. This is what we are waking up to. Overall, the benchmarks down for a second straight day. Not the declines, primes are not quite there as well. That eating said, we are watching a few things. Singaporehailand and exports due out. South korea the only bright heaviest weighted stock of the index is up. 5 . If you look at what samsung brings to the table. You take it out, that index will show declines. There is your price for samsung electronics. , weency markets, dollaryen should be near session lows at the moment. We will be getting the speech at 2 30overnor kuroda p. M. Local time. We are