Kriti good morning and welcome to bloomberg daybreak europe. It is instead day. The central bank is set to pause for leave the door open for another hike as early as november. Fiveyear in 10year treasury yields are levels we have not seen since 2007. Inflation and focused on the side of the atlantic. In the u. K. The cpi is due in one hour and a 70 chance of a 25 basis point hike priced into the markets but some saying this might be the bank of englands last. Present zelensky blames russia for weaponizing food while cracks appear between ukraine and poland over wheat sports. We have top interviews from the uns General Assembly. Lets get a check on markets because we are in the central bank palooza. Futures are down 0. 1 percent. A laidback approach to what is going to be a fed day decision. Standing on the sidelines until we get more direction. The bigger story is the commodity market. Brent crude trading at just shy of 94 a barrel. We are going closer and closer to 100 a barrel. Today
Bloomberg surveillance. Manus is in the hot seat. We have cpi, ppi coming up next on the late. Because Bank Earnings we have Bank Earnings. Manus when the call ended at this morning to join surveillance, what a moment. No guidance is going to be revised higher because we are in a higher for longer weight. But going to jamie dimon says come he is not completely sure. 70 to 80 chance the market thinks there is a soft landing and i think the odds are lower. What is the rhetoric and guidance . Lisa that is what people are going to be watching for. We are expected to get jp morgan, wells fargo come at it click get citigroup. Markets are fascinating because we are looking at a situation where bonds are stuck in everything are still kind of really reeling. It raises a question, is this a market that can withstand peoples where they are withstand yields where they are . Annmarie and you siemens coming out about this no landing scenario. The reason earnings is so important is because of the dat
The black friday search makes him 100 billion man. Hello from sydney where it is past 9 a. M. This is daybreak australia. Asiasan hour away from opening markets. And 5 p. M. In new york on the sunday evening, i am betty lou. To the mallst out and the shopping district. What is going to move in the markets come monday is going to be some of those retail stocks. Lets pull up the shares quickly. Amazon inns in anticipation of good black friday weekend sales. Paul, black friday didnt come with it came with some glitches. Macys had some problems online and walmart saw some of their sales in their physical stores. That will be the focus on the monday trade. Paul i have seen some doubters adjusting black friday stick black friday sales may top five alien, which is a record, and there is still cyber monday to come. Seem toasia it doesnt be feeding through to futures here. Over new zealand we have already gotten looking kind of fat desk looking kind of flat. The future of australias looking kin
I am paul allen in sydney. We have some breaking news right now on south korea. We are awaiting the bok decision. Industrial output for october, down 1. 1 in industrial output month on month. Year for october, down 5. 9 . Expectations were for a continued rebound in industrial output. Not great on year, so news at all for the south korean economy, industrial output had been on the rise of wing to the export of electronics and other items. Have a bit of the damper may be countering some of the opinions that the bank will raise Interest Rates this morning. We will introduce more uncertainty in that decision. Markets seem to have priced it in. We will wait and see what happens when we do get the results of the bank of korea Board Meeting later on. Running ints up and the asiapacific. Lets take a look at new zealand. Off. 3 . The kiwi dollar little changed against the greenback. Trading just getting underway and australia. Not too many stocks online at the moment. We are seeing a little bi
Trudeau canceled the joint media availability in beijing with each leader making a brief statement and taking no questions. U. K. Prime minister theresa may says she is confident of a positive outcome when she meets with eu officials this week. May spoke at a joint News Conference with Jeanclaude Juncker today. Clear, crucially, that we want to move forward together. On a couple of issues, some differences remain that require further negotiations and consultation. Continue, but we will reconvene before the end of the week and i am also confident that we will conclude this positively. May spend after they failed to reach an agreement to move the next stage of brexit negotiations. Whator Sticking Point is happens to the irish border when Northern Ireland leads the eu along with the u. K. Global news powered by more than 2700 journalists and analysts in over 100 countries 120 countries. Im Mark Crumpton. This is bloomberg. Julia live from bloombergs World Headquarters in new york, im juli