A warm welcome to bloomberg daybreak europe, our flagship morning show from here in london. Manus where waking up to her we are waking up to a complication of global risk, north korea bringing tensions to bear. The on markets are moving and this is the impact, 78. 02. The lower dollar or risks and north korea, the daily prophet says we need to start paying attention, gold is at 2017 highs. It is not just a technical move. Positions are the most bullish and 11. , the prime 12 hours minister of japan said this is a grave and serious threat. Launching the missile over japan. The markets seem to be rattled more than they were last week. Anna markets are rattled and the gold went through 1300 a troy ounce. Going onomething else with gold even if it is just about dollar weakness, to what extent does that matter if this is the driver, if this is happening in the gold markets. Lets put up the border risk radar. And other assets we are keeping an eye on this hour. That is not what it looks like
A look at where european equities are trading, 30 minutes away from the end of the wednesday session. Stocks rallying across the board. The stoxx 600 up for the fifth day. August the 10th 2015. The gauge still 4 below the april 2015 record. All of these currencies are falling against the dollar. We are awaiting the fed and the next fed chair nominee. That could happen maybe we are hearing in the next day or two. We will see if that the two realizes. Lets shares were lower and recovered most of their losses and now they are up. 3 today. Expect Earnings Growth to remain at the same paste. Same pace. Fighting to insulate newer therapies for the from the pressures that hit the u. S. Market. By thekely to intense pressure of the chief executive grappling with lower prices in the u. S. And increasing competition since he took the reins at the start of 2017. Shares are up today. House prices in the u. K. , house price growth remaining stuck in a relatively slow gear at the start of the Fourth
Julie hyman is here to bring us up to speed. Julie we ended last week with records. The streak continues. A muted fashion. The dow and s p, little change. Of deal talkt today, involving different companies. Abroad, and qualcomm. Lets look at the movers involved. Four percent. Qualcomm has said it would offer. Broadcoms is rising. Marvell Technology Make a bid. A deal makes sense. On the flipside, sprint is not ditchee like the last efforts to merge with tmobile died. Sprints shares plunging. Softbank is willing to reengage in charter talks. Those shares are trading higher. A lot of moving parts. We are watching Michael Cores s has the michael kohr convinced customers to come back to paying full price. Amd coming to a deal with dish. Being updateds over pivotal research. Analysts are citing the failed tmobile deal. Mark basic resources leaving the advance. Arabia is where our attention is today. The benchmark age. That was sunday. Fell in initially 2. 2 . Rose 3 . This is a today chart.
And im watching copper acteding better than expected up 1 . Now for a quick look at the week ahead. It is quite a week. Tomorrow earnings from bank of america and Goldman Sachs. Then Morgan Stanley. Then the inaugural meeting of the u. S. China economic dialogue will take place in washington. At 8 30 on wednesday we get u. S. Housing starts data. Economists forecast a jump for the first time in four months. Then thursday, followed by the president 45 minutes later. And the bank of japan will release its Monetary Policy decisions. At 8 30 eastern its weekly jobless claims. Then friday well have earnings rom General Electric and honey well. And then shell watch her episode of game of thrones. Overnight we have important and encouraging Economic News from china. Joining us now from hong kong, it looks like a beat pretty much across the board. Take us through it. Good morning. A big set of numbers for china, shows that theyre on tract to contribute one third of Global Growth this year. Its
On the markets. This is a phenomenal asset. The return on those insurance those instruments could be quite spectacular. There is much more growth than a lot of the skeptics think there is. I dont think there is enough confidence today that we have broken out of the 2 growth world. Anchor it is all straight ahead on bloomberg best. Anchor hello, and welcome. Im vonnie quinn. This is bloomberg best, your weekly review of the most important business news, analysis, and interviews from around the world. Lets start with a day by day look at the top headlines. The week began with a fresh batch of Economic Data from china. Chinas secondquarter gdp data show the second economy continuing to grow at that brisk rate of 6. 9 . Gdp was better than expected. , there expecting 6. 8 estimate of economists at bloomberg. Factories are pumping out goods at a faster clip. Goods production at 7. 6 , more than a full percentage point more than the estimate. Retail sales much better than expected, 11 . We w