The european equities failing to. Arry on that rally you are seeing france down 6 10 of a percent and the dax in germany down 6 10 of a percent. The ftse 100 down 7 10 of a percent. You are seeing some broadbased losses, but also if you look across the Industry Groups, most Industry Groups losing on the stoxx 600. The biggest losses coming from carmakers and household good companies. You are seeing Dollar Strength with a little bit of a bounce back from that threeyear low. Cable on the back foot at 1. 3992. Euro strength against the pound is what we are seeing, but a bit of Euro Weakness against the dollar. Look at what is happening in fixed income and you can see yields moving higher in the core and the periphery. The 10year bund yield up. Yields moving higher. Also, oil moving higher. Wti above 62 a barrel. Some of that might have been down to the dollar weakness. Lets check in the bloomberg first word news. Jessica summers has more in new york. Jessica President Trump is open to imp
Welcome to Bloomberg Markets the european open. Im matt miller. Cash trade is less than 30 minutes away. Trump trades antagonism for bipartisan appeal in his first state of the union address, but his opponents find little reason to warm to his vision. What does this mean for his big Spending Plans . And under pressure. Pushing down on may. The u. K. Prime minister tells rebels back home she is not a quitter as she tries to drum up trade in china. Plus, brazil keeps giving for banco santander. Our interview with the chairman in less than an hour. We are less than 30 minutes away from the european open. Take a look first off, at the futures. Drop in u. S. Stocks, we saw a recovery in asian stocks and it looks like this could be the end of the global drought. We do see the ftse futures down, although only just fractionally and use the gains in dax c futures and cac futures. Not quite as tech heavy as the u. S. Stocks got hit the hardest. Lets look at the gmm this morning. As far as the bi
Enter a Customs Union with the eu postbrexit. For the complicating theresa mays negotiations with brussels and her own party. All eyes on the United States jobs report. Traders will be paying attention to wage growth. Will it be enough to shake off the retreat in equities and treasuries . Was than minutes away from the european open. Take a look at futures. We are looking at a mixed trade in futures. Ella think they are positive in britain, negative on the continents. Andttle bit of direction trend. At the same time, we see u. S. Treasuries yielding more than they were yesterday, 2. 78 now. Just yields have come down a little bit, but still at a level traders havent seen in a long time. That could spook as some traders and it could be a reason you have seen a selloff in the features session. Will that carry through into the cash session . Will that yield attract investors to put cash back into the riskfree rate of u. S. Treasuries . What do you feel on gmm . Anna lets take a look at th
Disaster for a japanese steelmaker. Japaneseng for the manufacturing sector. The imf puts out a sunny growth forecast. While we see the sun shining, we also see clouds on the horizon. Worries. Mc i am really nervous Inflation Expectations are low. We are not trying to address all of the relative price changes that occur in the economy, we are trying to get the underlying rate. Plus, economists consider the conundrum of tax reports. Growth will pay for part of it, not all of it. You might as well assume unicorns will come deliver packages of money. There is no reason to believe this. There are miracles, sometimes productivity growth picks up. And for reasons we dont understand, but it happens. That is all straight ahead on bloomberg best. Michael hello and welcome, im michael mckee, this is bloomberg best, your review of the most important Business News and analysis from around the world. Now, president Donald Trumps legislative agenda was going to be a big story no matter what, but mon
Steelmaker. Very damaging for japans managing sector. The i. M. F. Puts out a sunny growth forecast. Christine sheds light on the support. We see the sun shining but we also are seeing the clouds on the horizon. Fed president s add inside insight. Really nervous expectations are low. Were not trying to address the relative price changes that occur in the economy, were trying to get the underlying rate. Plus, economists consider the conundrums of tax reform. Has to be basebroadening as well. Growth will pay for part of it but not all of it. Might as well assume unicorns will come and deliver packages of money. Theres no reason to believe this. There are miracles and sometimes productivity growth picks up and for reasons we dont understand but it happens. All straight ahead on bloomberg best. Michael hello and welcome, im michael mckey, this is bloomberg best your weekly review of Business News and interviews from Bloomberg Television around the world. Now, president Donald Trumps legisl