Matt miller in hamburg at the g20. This is what were watching. Bonds being bashed. Investors heading for the exit. Number lead payroll to more selling . G20 kicks off. Please use a water can against protesters. Todays main event is trump facetoface with Vladimir Putin. Dozenty in at least a u. S. Power plant has been breached. The chief suspect, russia. Matt, welcome back. Matt 30 minutes to go until the open of the cash trade on equity indexes. If you look at their futures right now, you see a little bit of a mixed picture after a slide for the cash trade. Futures popping positive for germany and france. Still negative for the ftse in london. It will be interesting to see, but as you say, the focus is really going to be on the fixed income trade as though yields continue to sort. German yields went from zero spot for two zero spot six fast. Interesting to see how it is happening across europe and in the u. S. The moves have been aggressive. The european open has not been the greatest
Rate. What will officials make of the new commanderinchiefs first 12 days in office . The euro. Ting chancellor Angela Merkel hits back at a top u. S. Traded pfizer for saying germany is giving the fx market. Which side will the markets take . We are less than half an hour away from the open of european trading after a down day at a close yesterday. Futures are pointing to a positive open this morning. The ftse futures and cap futures dax futures. Cap futures up. 7 of 1 . As we saw yesterday, things can turn around pretty quickly. Guy they can. Forextake a look at the column. The dollar is rising a little bit. You have the japanese yen down by. 41 . The swiss franc giving back a little bit of ground, that it has been one of the risk trades that we have been watching. Lets talk about what we need to know. Lets get the details of the session i had. Ahead. President donald has named neil gore such. Scene triggering a showdown with democrats. He would become the youngest justice since clea
Chancellor merkel heads to the white house amid growing us complaints that german business isnt playing fair. Plus, a yawning hole in our finances. We lack of sleep could be if . . . G; l . . . inhiieiufefiif billions from the global wiping billions from the global economy. Welcome to World Business report we start in the us where President Trump will be hosting german chancellor Angela Merkel at the white house later. Coming up, singapore has its best month for trade in five years. Now, back to the us, and their meeting w eitfiteetitiq germany later. The two nations are Major Trading partners but theres been growing concern on the us side that their relationship is simply not fair. The rhetoric has raised fears of a damaging trade war. Let me show you why. Last year the us sold 49 billion worth of goods to germany everything from Boeing Airliners to pfizermedicifieif . , that sounds like a healthy figure until you look at this one elli; 531e§3§5§§z5§; thats a lot of bmws not to
Ontle Sales Beat Estimates europe and asia. There was the slowest Revenue Growth in a decade. We will get an analysis. Matt a lot of big earnings out today and we will cover the mall especially the consumer space. Less than a halfhour away from the start of european trading. Take a look at where the futures market is. Eurostoxxro stocks futures down. The ftse, it was up yesterday, the biggest gain since january. Keep an eye on that after unicredit surge 6 . Take a look at the bond trade. Upsideentum was to the in yields as investors were selling off getting out of that safe haven trade that they wound up. Bundt down to 0. 15 on the and we went above 0. 20. We are me back down below that. A little bit of buying in bunds to make up what we saw yesterday. Guy lets highlight some of the things you have been talking about. Today was the italy move. We have seen south korea raising, Chinese Markets also trading higher. The peso is getting back some of its recent gains. The indonesian current
T is e. C. B. Day. Well talk about the e. C. B. s options for tapering and then in just over an hour we will speak to pimcos andrew. This is a picture for the markets. Overall there has been a little bit of movement on the back of the debates. Mr. Trump, donald trump refusing to say he will accept the Election Results if he loses. Dollar advancing again. It all has to do with the e. C. B. You can see the stocks in europe pretty much subdued then i want to show you the mexican peso. This is important because it is a proxy for the chance that donald trump will win and you can see mexican peso down 0. 4 after strengthening a touch. The currency has risen more than 4 this month. There is a growing likelihood that trump will lose the coming elections. This is the trump effect. Were not only seeing those on pesos but also on the Australian Dollar bets. His is the mexican peso in white anything below the line means more short and above means more long positions. Lets get straight to bloomberg