Optionality. It is hard to see with the positive category is for markets today. This is bloomberg surveillance. Manus live from new york city this morning, for our audience worldwide, this is bloomberg surveillance alongside tom keene and lisa abramowicz, im jonathan ferro. Builds up, stocks down in the fx market. Tk, eurodollar, 105. Tom you go wow when you see a number move. I did a hat trick. It is wow wednesday across assets. Where do i begin . I begin with the real yield and the effect on the fx market. I never thought i would see this this quickly. Lisa are people getting a little over there skis here . There was two outcomes. Where was the base case of a consumer that was running out of money and potential for a recession . It seems to be off the table and some of the expectations even as we see signs of true weakness. Jonathan melted in terms of the objective of what this Federal Reserve is. I think we are at that point where we are starting to fully internalize this high for l
Gazas ruler rebrand as the isisrael says the manifesto not worth the paper it is written on. It is 7 00 a. M. Here. 5 00 in london. This is Bloomberg Markets. Shery ahn in hong kong, it is midday. You have lost a good interviews coming up. Tell us about them. This is the heart of saudi arabia. A lot of excitement around the country in terms of it opening up to Foreign Investment, making some of the big changes. Vision 2030 has been part of that and tries to wean itself off its dependency on oil. Happeningt what is with foreign participation in the stock markets. That has not picked up as much as expected. Bond,ok at demand in the two very different stories but ultimately what we will be doing is continuing to talk to the movers and shakers on the ground on the sidelines to get a better sense of where the story goes and how investors can of further tap the opportunities. For now it looks like a pretty optimistic today for investors in the market. Take a look at the function on the bloom
John cryan will speak to us at 8 15. Car consolidation. Psa is said to purchase gms european operation for 2 billion euros. And passive aggressive. Standard life is to purchase Aberdeen Asset management as the etf industry drives fees lower and lower. Howdy will because cuts have to be to make these businesses competitive . Matt we are less than 30 minutes away from the european open and take a look at futures, down across the board. You saw u. S. Markets down as well, the cash trade there, asian stocks as well. European futures are following suit. I think more interesting is the bund trade right now, maybe it is a rebound. We saw such a huge spike in yields on friday, up to 0. 356 . But now yields are coming back down and investors are getting back into european debt, 0. 343 on the bunds. Guy lets take you to the gmm. I want to focus on the second column. I want to show you the japanese yen. It is up this morning. This is because of what is happening in north korea and there is a safe
Hello. Welcome to countdown. Im mark barton. I;m caroline hyde. Im caroline hyde. We take a look at the policy in asias two biggest economies. Wolfgang schaeuble doesnt see a deal with greece on the new bailout. Dozens and that doesnt mean they may have to leave the euro. It is up to the greek government to commit to save rather than give full hope to the people. Greece remains part of europe in any case. It ever happens in Greece Greece remains part of europe. If greece stays in the euro zone, it must create the conditions for it. What the greece has the money to meet its obligations is primarily a decision of the greek government. If greece one support, we will give the support. Of course, within the framework of what we agreed. Shoretel rolled out further concessions, sing another sch aruble. Good morning. Is offering a dose of reality or pessimism and perhaps both p a is clear is the idea of having a deal at that summit is a nonstarter. No one expects that to happen. He spoken germ
Mark welcome to countdown. Anna im anna edwards. Mark coming up today optimism about greece but britain is better off in the eu. Mario draghi is his era. Hero. I just assumed people would figure out how to keep greece part of the euro. That is not the problem to me. The problem is fundamental structural flaws in europe. Im more concerned about what is going on admittedly, france, spain in italy, france, spain. Mario draghi is a hero as far as im concerned. Mark stay with us for more on that interview. Manus first, lets get into the breaking numbers. Caroline has the numbers. Caroline 13. 5 billion danish krone. Creeping higher than before. Organic and operating profit up 46 because the russian ruble is doing much better. Compared to this time last year, the russian ruble was down 15 but on quarter terms, it has been increasing and up some 13 . It is western europe and asia that is doing the heavy lifting at the moment. It is offsetting the weakness and russia. We are seeing a bit of an