National Regional Parliament needs to approve a trade deal with singapore. Will it make brexit harder or easier . Easyjet firstquarter numbers , worse than expected. Is this as bad as it gets . This is the question we will put to the ceo, Carolyn Mccall. She joins us at 8 30. Matt less than a half hour away from the open. Take a look at where futures are pointing for European Equity indexes. We have a next trade, but almost no movement on futures. It almost feels like we have crested and are just hanging at the top. Global stocks yesterday rose to a record high on the promise of more spending out of china to boost global infrastructure. We saw at one point s p rising to its highest level. We saw at one point asian stocks, the nikkei touching 20,000. Things are coming off from their, but still relatively high levels, and we see futures hanging right now in the air. Take a look at the bund trade. Let me zoom in so you can get a sense of whats happened just in the past 10 minutes. Investo
And russia yesterday deciding to extend the production cuts and the iaea saying the demand outlook is slightly downgraded on lower first half estimates. Non opec increased in 600,000 barrels per day. You can see brent is up on the back of that, 52. 19. It was around 51. 7 when i looked at that. Oil is climbing a little bit more. Reminder yesterday, we found out audi plan to extend production cuts for another six months. Watch oil. We will bring you those trump headlines. That is giving a nice risk to the euro dollar, the dollar weakening for a fifth straight day. The euro is soaring amidst classified information donald trump made or may not have given to a russian diplomat. We are looking for the mexican peso strengthening and the south korean yuan strengthening. We will get more on your markets, but lets get straight to the bloomberg first word news. Reporter we start with europe. Angela merkel has vowed to work with macron. That as the german chancellor hosted the newly elected frenc
A very warm welcome to bloomberg daybreak europe. This is the focus of markets. Much of it has come through better than what was expected by economists. That has highlighted the stabilization of the chinese economy. On your bloomberg, you can pull this chart. Figures year on year numbers coming through, the constant price year on year in green showing the stabilization, in the words of chief economist ,eport china at citigroup saying this is an economy that has stabilized. Away from the growth data, the wobbling in some of the equity markets is the impact we have seen from a closeddoor meeting that took place over the weekend. The smallit have over caps in china . That is something we will discuss later in the program. Lets showed where we are on the Global Equity markets. The msci index is up for a seventh day. We also have a soft sales day, which suggests a study gradual pace from the fed. The japan is closed. The new Zealand Dollar falling. A lower new Zealand Dollar will rebound as
Carolyn mccall this embarks and is now set for itv. Excuse the ponds. A brexitdriven advertising slowdown. Istainly a challenge she stepping into. Let us talk about where we stands in terms of expectations this morning and show you the weei. Not much progress being expected. We are getting into the thick of earnings. There is not much on daytoday, but as we work our way, we have the ecb and boj on later on this week. Japan is closed today. Be aware of that. It has been closed. Let us move on and show you what is happening around the world with the gmm. This is the picture around the world. The big caps came under pressure today. That is interesting. The data out of japan, out of china. Expectations,eat matched what we had this time around. As a result of which, it generally, there seems to be a sense of optimism this morning. Excuse the cricketing story in asia this morning. The chinese equity markets fell, which is interesting as well. The s p was up. 5 friday. The banks were down des
Anna a very warm welcome to bloomberg daybreak european open. I am anna edwards. Manus i am manus cranny. A little pieces of breaking news little pieces of breaking news. You are watching for a little bit anna crowe anna i am watching for orange. Manus we have numbers first of all it when it comes to fed, the numbers are rising. Donald trump promises he wants to increase spending on defense by 2 , getting everybody on board. Over 6 billion euros. They confirmed the 2017 target. That is the thing we have been seeing during this earnings season. 330 336s for million euros. Heir orders arising they are coming in that 10. 6 billion euros. Anna lets talk about what is going on in the auto space. Something. Orting the Second Quarter operating profit. That was below the estimate of 1. 54. The korean auto manufacturer, the net income of well below the estimate. Something to explore as to why this business not living up to the estimates, the sales number. We have left irish. Manus we were talki