Cook. He will talk about product, politics and terrorism. Conflicting reports from Banco Popular paired popular. Is there a buyer waiting in the wings . Just 30 minutes until the open of stocks in europe. First off, lets check. Qatari stock market, right now what you are looking hang on for a second is yesterdays trade. Yesterday we saw a drop of 7. 3 , the biggest for qatari stock by9 after they were cut off four other gulf nations including saudi arabia. Today, we are seeing a less steep drop for qatari stocks. Down at about 2. 2 to an even 9000. We will keep a night on middle eastern stocks has this problem is being worked out. President trump assures the world he is going to step in and deescalate the situation. As far as futures are concerned in European Equity indexes, take a look at my screen. This is a weei screen. Youk on the futures box and get the mispriced calculation by bloomberg. Like we will see a down open across the board, the exception of the ftse in italy and the omx
Popular. That is more than that it was anticipating. That is getting close to the true price. How will shareholders react . Washington watch. Just session Jeff Sessions has suggested he may resign with a widening rift with the president. This is as James Comey Testifies in front of the senate tomorrow. Huge breakinga story, it is as if someone splashed the news with the bucket of ice water. Santander is buying popular for one euro. They will raise 7 billion euros of capital. We will continue to pay keep on top of the story. Futures are down across the board although the ftse futures are little changed. If you look at the miss price calculation by bloomberg, it is not look nearly that bad. Take a look also at the bund t rade. Investors selling off bunds, driving up the euro, the bund trade still at a very low although the yield rising still at a very low level. It will be fascinating to see how santander trades today. I am trying to figure out, get to the bottom of what is happening in
We have a lot of news to get to. We will be speaking to ana botin in a couple minutes. Then, we talk about trump, animal spirits, the ecb. A lot is going on, if i am honest, tomorrow is thursday with the ecb, the u. K. Election, and james comeys testimony. Investors are taking a breath ahead of the barage of key events i was talking about. Treasuries are flat. They did climb yesterday on news china was prepared to purchase more of the notes. Stocks are a little bit mixed. Santander was down earlier and now is gaining 0. 6 . Lets get now straight to the bloomberg first word news. Twoa in iran at least attacks have reportedly taken place in tehran as gunmen targeted the parliament. At least one guard was wounded during the attack inside the national legislature. In a separate incident, a lone gunman entered a shrine of the Islamic Republic founder and opened fire. Theresa may has said she would be willing to tear up human rights legislation in the battle against terrorists. Jeremy corbyn
Percent. European a equities, big story was the big rise in the euro last week. And green across the board and there the euro i know you watch it closely. I had in my plans and forecast for 2017 that the dollar was going to get stronger forever and hurt exports and Everything Else and i need to recalibrate. Dollar down by 5. 6 lead story in the journal. And taking a check on crude oil that must mean that crude is at about 100, right . No, wait you would think it is soenl easonally strong su period also. I left at about 2. 15 and its back exactly a staggering move in the ten year last week so something happened every central bank said get ready. So you have 15 basis points on on the ten year. I dont believe the bermuda central banker said that is that the 13th branch of the fed . Right my biggest concern is i cant believe the ocean can be so clear and so aqua and the beaches so incredible. Yeah so im trying to deal this morning. Some of these things are important i think, but not everyt
Have a look at where european equities are trading now, 30 minutes away from the finish of the wednesday session. Stocks are rising, shrugging off geopolitical tensions. Awaiting the release of the minutes from the fed meeting which we will speak about with our next guest. Currencies are falling against the dollar and yields are rising in europe with commodities moving in brent crude down 3. 5 . We had pmi data out of the eurozone for manufacturing and services. Expansion of. 7 to the Second Quarter this by a slight slowdown. Fromauge dropping 56. 3 56. 8. For the first time in more than three years, output increased and all nations, covered in the survey. That is significant as the ecb policymakers prepare to meet in the coming weeks. Talking about portugal, portugal equities could climb 35 by late next year as violation benefits from the countries improving macroeconomic fundamentals. It says the head of equity strategy, the benchmark 20, which is at about twice as much as the stoxx