This is bloomberg daybreak europe. Im Tom Mackenzie. French president macron tells bloomberg he is open to seeing a major french bank acquired by an eu rival to boost financial integration. He spoke exclusively to john micklethwait. This is a totally new world. We do need this. This new Business Model for the europeans. More innovation, more investment. Tom in a deal and admits china may retaliate against tariff hikes from the Biden Administration. We hear from the u. S. Treasury secretary. Asia tech stocks higher ahead of earnings from tencent and alibaba, Traders Await the u. S. Cpi print for clues on fed policy, and we are live in doha for the Qatar Economic Forum. This years theme is navigating a year of uncertainty. The event explores the issues driving global discussions. We will bring you great conversations including from the qatari Prime Minister and publish president polish president. Tom we will get inflation data from germany at around 7 00 a. M. U. K. Time and u. K. Wages
There is t minus one year and 11 months to hash out a deal. This is bloomberg surveillance. Im Francine Lacqua. We are joined by the head of all the assets. We will be speaking to Aberdeen Asset managements martin gilbert. If you have any questions and are a bloomberg customers, just hit tv. We can ask the guests a question on your behalf. This is the eurozone data and eurozone manufacturing pmi, coming in at 56. 7, a touch below what economists were expecting. Anything below 50 indicates an expansion and it is a touch above what we had the previous month. This is for april, for the euro area. We are waiting for the breakdown to give us the strength and weaknesses of each country. This is the picture for the markets and i would point to global stocks overall rallying. European stocks, gaining 0. 2 , heading for fresh highs. Investors are focusing on stronger corporate earnings. The yen, extending losses. A second. T to the and first, lets get straight to the bloomberg first word news.
Secretary of state. To discuss, we bring in our eam, marty, and Michael Mckee, bloombergs International Economics and policy correspondent. Lets start with you, marty. Its the worstkept secret in d. C. The last couple of days, but the confirmation could be difficult. Walk me through it. There have already been a number of key republicans who have expressed some doubts about the tillerson pick. Marco rubio being on the Foreign Relations committee, john mccain being an influential republican in the mainstream. But ultimately i think theyre probably going to give donald trump latitude on this one, and i would expect him to get confirmed. Jonathan mike, ive been watching the news here in United States, and the obsession by Rex Tillersons supposed relations with the president of russia, mr. Putin. But to quote Bloomberg View just today, a new russia policy needs the exxon c. E. O. s skills, and i can quote him, trump can hardly do worse to get the kind of advice and relies on a different co
Referendum rapidly approaching. Lets get to the stories you need to know about. In london where oil tops 50 a barrel. Jodi schneider in japan. And mike mckee right here in new york with the latest fed talks. The rally continues in crude. Brent toppinggh, 50 a barrel for the first time this year. Javier blas, talk to me about driving things toward and barrel. Alter javier we are losing some had thousand barrels a day in nigeria. 700,000 barrels a day in nigeria. In the background is the demand that a strong. Everyone is driving a lot in the u. S. That combined with supply outages is bringing us to 50 a barrel. Jon i want to talk about debt supply. A 9 billion auction what does that tell you about Market Conditions . Javier the pain for the producers has been really acute. You see qatar borrowing 9 billion. They have a big production, relatively reduced population. It is not a country you would expect to be in trouble. That at 50,ing us the problem is not over. Although the markets have
The leave process sooner rather than later. Spanish voters head to the polls for this exam in sixmonth and middle eastern stocks extend losses from fridays selloffs. What istle bit about happening with the market, this is where we stand. The big new friday. The pound getting absolutely battered. 13679. Does that carry in to the morning . We will see. There is a big spread at the moment is to wear sterling could go. The 600 was down 7 . Gettingho tells you into a currency like the dollar gets into a different story. On the belief governor marconi will do more. Will that happen . Will Governor Carney still be Governor Carney . Lets see where it is. The banks render rusher. This is the story stateside. Down by 3. 5 just north of the 20,000 level. Safety trade remains u. S. Treasury and gold. As you can see, gold around 4. 5 . There you have it. Now lets go around the world and check in with our Bloomberg Team for indepth coverage. In a edmonds is in westminster with what is next in the u.