Welcome to bloomberg daybreak europe. Shock and awe, that being the times poll. For ofpared are markets the possibility that u. K. Conservatives could lose 20 seats in the general election and that labor could win 28 seats . Thats a majority, which many had suppose would be a straightforward victory for to me back for theresa may would no longer be in the cards. At 310ide and varied seats. The bloomberg town, cascading lower, down 10. 3 . This is the basket of currency. So the market is not prepared for a close election. The question for markets is this. This is too weak volatility youre looking at on the blueline. Rising quite aggressively. Extent, sterling is vulnerable to fresh attacks, so how does all of this translate into the risk radar . Take a look. Up, 51. 2 washeld the number. Seeing the china stock market just eking out again. Thats not pervasive across the rest of europe. Orders to withdraw copper, they had the highest level in three years. Lets have a look at the currencie
Nations nuclear arsenals. All of the latest from moscow. Welcome to whatd you miss . Bloomberg daybreak europe, our flagship show from the city of london. Deutsche bank, 50 less than at the height of the speculation of autumn. 1912. 50 ofe bank settles for the number originally expected. Monte dei paschi will ask for state aid from what we understand. I have gathered together the price to book ratios. The red is that of the whole of europe. How decimated is Banca Monte Paschi . 05 . Barely Deutsche Bank trade that. 4 , the blue line, and it has seen a little bit of recovery. The question the market needs to ask itself today, is there a renewed probability of rising values once a state bailout is in place and Deutsche Bank settles with the regulators . Deutsche bank has put 9 billion 2008. Ince 200 defrauding fannie and freddie and mortgagebacked securities has drawn and 46 billion in fines, but this is a state of play. As a proposition to the market, do you see a resurgence . The yield
News conference. And six months from the e. U. Referendum, what exactly do we know about brexit . The big question this is bloomberg surveillance. I am mark barton in for francine lacqua. Here is nejra cehic. Deutsche bank and Credit Suisse have agreed to settle u. S. Investigations into their dealings in mortgagebacked securities. Deutsche bank will pay a 3. 1 billion civil penalty and 4. 1 billion in relief to customers. A 2. 48uisse will pay billion civil penalty and 2. 8 billion in relief for homeowners hit by collapse from housing prices. The Justice Department is suing barclays for fraud over the sale of mortgage bonds. Its as investors were deceived about the risk of securities. Our glaze has rejected the allegation, saying it will vigorously defend the complaint. President elect donald trump says he has asked boeing to of its superade hornet jets that could replace the Lockheed Martin f35. That is the main fighter of the airport, navy, and marine corps. It is the most expensive
There is our wonderful gmm function. Strikes stocks are rising today. Both currencies in the second column arising against the dollar today. The dollar rally is running out of steam. Stirling is lower today. I will come to that in a second. Bond yields are falling, you can see that in the third column. About talking a lot volatility. We are down to levels we havent seen 2014. These stocks futures are heading on swings in three months. Month, it has tumbled 31 . The contract on the gauge has fallen to 5 . The difference in performance is pushed futures to a record high versus the current measure, the onemonth measure. A lack of volatility, it is quite incredible in the last month or so. We have a big m a story. They are buying delta lloyd. There was an earlier offer for its national offer rival that was rejected. Bid,ay before the initial they are seeking to boost its scale and intention. The insurance sectors and the economy is looking in pretty good shape. Thehis is back in line over
Barclays is biting back. The lender rejects a Justice Department complaint, suing the bank after it refuses to settle in its misselling case. Good morning, everybody. Welcome. Almost christmas. I know. Hard to believe. You were up all night i heard. Super noisy neighbors. Party from the neighbors what can you do . Do you go in at 2 00 in the morning . 3 00 . Always puts your life in perspective when you wake up and others are coming up. Youve been up since 3 00. Never mind. One more day to go, and everyone is excited. Deutsche bank shares have hit the top of the stoxx 600. The german lender saying it reached this provisional 7. 2 billion deal to resolve the department of justice investigation into itsishan iss and underwriting of deals. Under the tentative agreement Deutsche Bank would make a 4. 1 consumer relief payment and a 3. 1 billion civil penalty. Lets get out to anetta in frankfurt with all the details. Investors like this settlement, why . They like that because the cash compo