Halt the incurson. And the deal of the woodford and he says he cannot accept the closure. Good morning another day. Another bit of brexit news sterling had a fivemonth high against the euro a divorce deal with the uk is possible this week speaking to reporters outside the conference center, barnier said it is time they turn their intentions into a legal text we are working hard and we just start now today, this work has been intense all along the weekend and yesterday because even if the agreement will be difficult, more and more difficult is still possible this week reaching an agreement is still possible obviously, any agreement must work for everyone, the all of the United Kingdom and the whole of the European Union. Let me add also that it is high time to turn good intentions into legal text. Willem, as you know, weve been in a situation almost nothing has happened in three years and then a lot has happened in just the last week we are seeing huge moves in. Let me show you on the f
Oil story in just a bit as well. Guy weve barely gone anywhere when it comes to stocks. Over three months, up by 1. 36 . Bond yields getting absolutely crushed. We see prices jump. We see equity markets under pressure. It was a real what cup call for the market. After that wakeup call, we kind of gone back to where we were. What does Fourth Quarter bring . Number last years Fourth Quarter . December, incredibly rocky. This is the picture we have in europe. Stoxx 600 trading at session highs. We are up by around 0. 3 . We have the holidays. We have china closed the rest of the week. Volume is abysmal today. Eurodollar also under pressure. We see data out of germany on the cpi front. You had a whole bunch of other factors. The dollar continues to make gains. You continue to see the dollar index pushing higher as well. If you want to watch the chancellor of the exchequer in the u. K. , on his feet in manchester right now, that is on your bloomberg. 1400 ing at trading at 1491. What a quar
We bring that to you live. Welcome to bloomberg surveillance. The markets. N on the hs is closing shortly and hang seng index sores soars. Carrie lam is going to withdraw her controversial extradition bill. That is the bill that kicked off the last 15 weeks of protests. Some of them with more than an estimated 2 Million People which is an incredibly impressive figure. They got that, hong kong has a total of 7 million citizens. From babies to the elderly. That would be like if you had a protest in america and 100 Million People showed up. Reportthe stock moves on the chief executive carrie lam is going to formally withdraw the controversial extradition bill. We saw moves around europe as well and we even see futures moving higher. Is South China Morning Post reporting the news after months of protests in the city. You can see here, these luxury stocks are getting the biggest boost. Swatch is up, lvmh is up 4 . This is such an important hub for luxury sales, for the chinese, with tons of
Breakthrough with the u. S. You dont get security by praying for it. You must invest, you must do what is necessary. And the europeans need to take the necessary action. The United States has, in my view, shot itself in the foot by withdrawing. Matt welcome to bloomberg surveillance. Lets check in on the markets right now. Here in europe, we see drops across the board. Not as steep as they were at the , but you can still see the stoxx 600 is down. 3 . And some of the individual or regional indexes are down further. The dax, for example, down. 6 . Down, as yous are would expect, with a big drop in netflix in overnight trading. Netflix said u. S. Users actually shrunk, shocking the market. Dragging on and adding to an already bad earnings picture. The u. S. Dollar is down. 1193. 55 and other currencies, especially the yen, are getting momentum. Coming up, we speak to the chief officer of a lecture looks electrolux. There are a slew of earnings coming out and it is moving the needle. Lets
Good afternoon from asia. Im Francine Lacqua in london. Stoxx 600 down. We are expecting more choppy trading on the back of the testimony this week from jay powell. Prospects after we had conflicting signals from the world economy. 1. 12. Ollar coming up, paul the fx calls all the fx calls with david bloom. Tensions between japan and south korea are threatening to wallop much now depends on whether shinzo abe and moon jaein can work out a compromise. A cycle of measures and countermeasures would not be ideal for both countries but if south Korean Companies begin experiencing actual damage, the government would have no choice but to respond as necessary. I hope it does not come to that and we urge japan to withdraw its measures. Greece primenew minister has a new finance minister. One of the first tasks will be to renegotiate. Epstein being held at a Correctional Center in new york as he awaits a bail hearing on charges of sex trafficking and conspiracy. The charges include sex acts 14,