Anna good morning. This is bloomberg daybreak europe. I am anna edwards. A very warm open to the show. A little bit later on, we have tony smurfit. Anna a very warm open to the show. In the meantime, lets talk about where the threads of the tax debate have taken us in the manus they have been plunged. They are a strong, hardy bunch. Despondent traders say enough is enough. 28 billion of paper was offered. They bought it 2. 7 times. Is,question you need to ask are we seeing concern . Is that why they want paper . Does that offer value for them . Harvey and irma and the trump trade is back on. Rude we go next in the bond market . Thats where do we go next in the bond market . Where do we go next in the bond market . Anna heres the risk radar. Lets take a look at where the dollar is. Fascinating when you look back at september, not typical. Certainly in terms of where we are on the oil and dollars for it. They can and does the yen is weaker. The dollar is up again. 65 probability of an in
A very warm welcome. This is bloomberg daybreak europe. Welcome back from manchester. Great job. Politicians will miss you. [laughter] welcome. Talk about this other scenario. Its interesting that this hasnt been battered on the back of theresa may. Have a look at this. Theory be on the dollar. Quarters,e past six the final quarter fears rallied on average, 3 . If you look at the data, the adp shows this format, services rocking it out at a 12 year high. Market is the least heiress since 2013. The history, the Dollar Dollar rally, if there is a fare hike, and this is still at 63 , this might the your benchmark of rest of reference. Was lets see what happening overnight. We not going anywhere in a hurry. Big way on the stock market, bond market, the dollar. U. S. Sing the mention of private jobs, American Services u. S. Saying the mention of private jobs, American Services. Lots of nice stories reporting the general melt up we have seen and markets. The dangerous, monotonous picture acr
Anna a very warm welcome is friday morning. This is our flagship morning show in london. Our headlinesn that we will get the jobs report, but the wells fargo chief Economist Says uncle up. It says buckle up. It will be a bumpy ride. A percent growth in the United States. Houston was never fully evacuated. Harvey and irma could knock 100,000 jobs off the report. Spreadrvey shows the between these two. The gap between these two up, heardis says i Jonathan Ferro say the jons. Sts not mine, anna this is when you get the statebystate breakdown on the payrolls, and that will allow economists to strip out what happens in houston, texas and florida. We will get information about the underlying state of the economy then. As we wait for the jobs report, the markets are on the move. The dollar index probably supported again. Hawkish comments from fed officials. All of that leading to the sentiment that the u. S. Economy has more to play after this increase in Interest Rates. We are in the highest
Cfo about politics, the economy and the integration of popular. And jes staley tells us the bank is stronger and fitter. Is the same true of Deutsche Bank . Matt will go to the ecb, it is a big game and day in frankfurt. Waiting. Ay of we do need to see what is draghi. G with mario and this is , the banks are the key but central and commercial. Lets show you what is happening in the gmm and give you a sense of what is going on. Interesting day yesterday, the mexican markets in focus. The s p down. 5 of 1 . In terms of moves, those are decent sized moves for some of the biggest benchmarks out there around the world. Currencies this morning, the ones trading higher are the resilient ralph brazilian real. Higher, therading yen is up by. 2 of 1 . Heres juliette saly. Juliette Deutsche Bank has reported a bigger than expected drop in thirdquarter trading revenue as europes Largest Investment Bank keeps losing ground to rivals. Declined 30 from a year earlier. Worse than the 15 decline and t
Market is on edge as he stoked speculation on who will head the fed. Yousef 5 00 a. M. And london in london. I am yousef gamal eldin in dubai. Rishaad i am Rishaad Salamat in hong kong. Hong kong stocks coming back online. Is earning release. Its earning release. Beating estimates. Something you flagged up, new money, yousef, right . Yousef exactly. Net new money, reversing what has been an outflow in the prior period. In terms of the other asset prices we are watching, before we get to that, a reminder that the finance director joined us in half an hour to discuss the results to be able to flush out some of the details. A lot of the questions around of the buybacks. A lot of variables here. To an into that. Also, to return to some of the market themes, which continues to hover above 60 per barrel. Confidence in the opec agreement been extended. Futures underperforming gold still. A little bit of upside at 16. 78. The u. S. Treasury is currently bonding for the benchmark index and the