Nations nuclear arsenals. All of the latest from moscow. Welcome to whatd you miss . Bloomberg daybreak europe, our flagship show from the city of london. Deutsche bank, 50 less than at the height of the speculation of autumn. 1912. 50 ofe bank settles for the number originally expected. Monte dei paschi will ask for state aid from what we understand. I have gathered together the price to book ratios. The red is that of the whole of europe. How decimated is Banca Monte Paschi . 05 . Barely Deutsche Bank trade that. 4 , the blue line, and it has seen a little bit of recovery. The question the market needs to ask itself today, is there a renewed probability of rising values once a state bailout is in place and Deutsche Bank settles with the regulators . Deutsche bank has put 9 billion 2008. Ince 200 defrauding fannie and freddie and mortgagebacked securities has drawn and 46 billion in fines, but this is a state of play. As a proposition to the market, do you see a resurgence . The yield
D. O. J. s order and take it to court. Bank bailout. Paschi will be the first to youd use it. Who if anybody will be next . Matt . Matt we are les than an hour from the European Market open. Less than half an hour, i should say. 29 minutes. It is going to be an exciting day because of all of this bank news even though most are already, where do they go . San anton . Futures up across the board. Down days in asia and a down day in the u. S. We didnt hit that 20,000 mark on the dow yesterday but were not too far off of it period of time what do you see on the g m . Guy there was concern, maybe the caribbean holiday a better option. The dollar down by less than 1 10 of 1 . Not a lot of gray here. Not getting a great deal of price action, pretty much a calmed market. Most people are already heading off on their holiday. In terms of the equity markets yesterday t. Interesting to see what happened in the nordic markets. The finnish market was moving yesterday. Greece. Keep an eye on greece.
Wednesday session. We are one hour is today. There is the stoxx 600 down by 1 3 of 1 . The third continuous decline. A while. Ain in the highest in 15 years. Loafers, handbags contribute into it. 2 . October, its up by as we approach the december fed meeting, many expecting, there. S 70 probability ofa a hike u. S. Crude stockpiles expanded it prefersays freezing output at current levels rather than cutting production. Lets get to my first wonderful chart of the day. Its all about volatility expectations. Uge. Ss asset gagu as you can see, it has fallen to the lowest level since 2014. Are investors getting too comfortable . Making some nervous threats from washington to beijing. The uncertainty about the u. S. President ial vote has diminished. Investors are coming to terms with the potential rate hike and december. Its possible investors are too nervous to make any big bets. What a wonderful chart. Lets get to bloomberg first word news. Thank you so much. In extended fell trading afte
Can any number convinced the fomc to hike . Good morning, were less than a halfhour away from the European Equity market open. Lets take you to the bloomberg. Let me show you yesterday, positive. Decent closing. Up around. 8 to 1 . Let me show you where we are and it looks like we are going to turn around. We are going to have a softer story. This is a fair value calculation. It looks like we are going to be softer about 1 . London looks like it is going to outperform. Caroline it does seem that risk aversion is going to hit the European Asset classes it already feeding into asia. Test classes. Already feeding into asia classes. Already feeding into asia. What a selloff we saw yesterday. It slumped 7 as u. S. Stockpiles. He dollar index under pressure theus, 180,000 out japanese trading higher, dolly door. Dollar lower. Lets get caught up with haidi lun. Thank you, caroline. The Dallas Police Department Says two snipers shot 11 officers during a protest, killing four of them. The gunfi
London time it is 9 00 in the morning london time. This is as oil is rallying a little bit. Data that is meant to forecast that u. S. Crude stockpiles fell. Gold advancing as the foldout desk as the fallout from we will have plenty more on the markets. Lets get first to the bloomberg first word news with nejra cehic. Nejra the Federal Reserve is using confidence that it needs to tighten anytime soon. The meeting last month held before the britons referendum shows officials facing rising uncertainty. Policymakers want proof that job creation has resumed at a healthy pace, the underlying momentum is intact and inflation bill gross says sovereign bond yields at record lows are not worth the risk. He built the worlds Biggest Bond Fund spoke to bloomberg television. High durations which we have now at low Interest Rates. Even a small change in terms of yield can produce a significant loss. Your sovereign bonds are not up my alley. For more u. K. Property funds have frozen withdrawals as inv