John cryan will speak to us at 8 15. Car consolidation. Psa is said to purchase gms european operation for 2 billion euros. And passive aggressive. Standard life is to purchase Aberdeen Asset management as the etf industry drives fees lower and lower. Howdy will because cuts have to be to make these businesses competitive . Matt we are less than 30 minutes away from the european open and take a look at futures, down across the board. You saw u. S. Markets down as well, the cash trade there, asian stocks as well. European futures are following suit. I think more interesting is the bund trade right now, maybe it is a rebound. We saw such a huge spike in yields on friday, up to 0. 356 . But now yields are coming back down and investors are getting back into european debt, 0. 343 on the bunds. Guy lets take you to the gmm. I want to focus on the second column. I want to show you the japanese yen. It is up this morning. This is because of what is happening in north korea and there is a safe
Welcome to bloomberg daybreak europe. I am in the city of london and i am joined today by by meme matt miller. There is a lot going on in markets and im looking forward to seeing how this develops after yesterday straight or it yesterdays trade. Anna asian stocks might be getting a bit because of the japanese data on trade, but also because of the oil price. Thettle bit of recovery in oil price. What we saw yesterday was significant. Nymex showing the oil might be bouncing a 10th of a product a 10th of a percent this morning. The session was pretty significant. This is at 78, if you want to bring this one up on your screen. They were down by 3. 1 percent. U. S. Stocks taking a bit of a hit as a result of that. Inhave to put that oil story because we have stronger trade data out of japan. It is courting peoples imagination over in the asian trading session. Matt i will take a look at some of the things on your risk radar or it take a look at the eurodollar. Saying,had an analyst if thin
T is e. C. B. Day. Well talk about the e. C. B. s options for tapering and then in just over an hour we will speak to pimcos andrew. This is a picture for the markets. Overall there has been a little bit of movement on the back of the debates. Mr. Trump, donald trump refusing to say he will accept the Election Results if he loses. Dollar advancing again. It all has to do with the e. C. B. You can see the stocks in europe pretty much subdued then i want to show you the mexican peso. This is important because it is a proxy for the chance that donald trump will win and you can see mexican peso down 0. 4 after strengthening a touch. The currency has risen more than 4 this month. There is a growing likelihood that trump will lose the coming elections. This is the trump effect. Were not only seeing those on pesos but also on the Australian Dollar bets. His is the mexican peso in white anything below the line means more short and above means more long positions. Lets get straight to bloomberg
Brexit and the bank. Mark carney is back in brussels. How hard willie how hard will he hit the league camp this time . We are a half hour away from the european open. How do we think ands or shaping up . How do we think things are shaping up . 3 here in europe. The euro stoxx are down three. 3 . We finished in negative territory yesterday. Eurodollar, keep an eye on what is happening with the dollar. It remains a focus for investors. The dollar getting a little bit of traction. Brent trading come still 4794. Gold trading down and 3 . Trading down. 3 . Keep an eye on what is happening with the turkish lira today. We are going to get more information little later on. What is the future on one of the moderate reformers . We will talk about that later. Thats get you caught up. Here is bloomberg first word news with Juliette Saly. Juliette china may need a bailout worth trillions of dollars. That is according to an analysts. Of the risk from chinas credit binge. She cautions that beijing wi
Perception that the fed is going to be more aggressive and stocks are going up. It is also a strange world because that perception has not change between yesterday and today. Stocks moved kind of sideways yesterday and they are rallying strongly today. Major can see, all three averages are pretty much at their highs of the day. The nasdaq has been leading the way because of strength and Technology Shares today. It is a cyclically led rally today. Though sectors most formidable to an economic recovery, so another words, if the us economy is recovering enough so the fed can raise rates, that is the perception driving stocks higher today. Making new highs gradually, just a gradual trend upward as it is up by 1. 3 . Software stocks have been doing well with and technology. Microsoft leading the way after upgrading shares to outperform at callan. Traders overreacted to the companys last trading report, but things are not going poorly at microsoft. Adobe in Electronic Arts are also on the ri