Claims china hasnt increased its purchases of American Farm product as promised. Awaiting the outcome of highstakes meeting between japan and south korea. Digital date. Trump slams facebook over plans of a cryptocurrency. Vw and ford are set to announce an expanded alliance today. Welcome to bloomberg daybreak europe. 6 00 a. M. In london. Treasury curves across, following the better print in the u. S. Despite the fact Jerome Powell kept to his dovish message. The 10year and 30 year yield jumping eight basis points yesterday. We had the lower than average bid to cover ratio in the 30 year option. The 10year at 2. 13. We did see the 30 year yield the ands main in yesterdays session and the s p 500 hitting a record high but not closing above 3000. At one point, equities taking a dip halloween President Trumps comments about china. Sensitive things are. Will we close above 3000 and the week . How much further do we have to chronically gains . Look at the dollar. Weakness in the dollar for
Business confidence. The First Quarter was fine, but indicators for the Second Quarter are less strong. I do not see people cutting back existing plans, but they are not leaning forward in the way you might. Anna along for the ride, vw is nvest in ford, valuing it at 7 billion. Tropical storm barry heads for the louisiana, curbing oil out ports. Markets, welcome to the European Market open. 29 minutes into the start of it trading day. This is what the futures story looks like. Ftse futures, cap teachers pointing high cac futures looki. The session in asia is more mixed. The trade story and the impact on asian economies already. President trump tweeting about being disappointed in china and the lack of imports by the chinese. The dyer numbers out of singapore in terms of gdp. Town more than 3 . Much in focus, and the market focused on the inflation story and what the fed will do about Interest Rate. Yesterday the inflation number was higher than expected. A couple fed officials appeared
We are seeing the home prices growing a little slower than may. This is coming on the backs of we trade data. We are also seeing some of the impacts from the tariffs. Information onde how much the chinese will look to implement. These numbers are looking better than expected overall. Great stuff there. We have ongoing commentary here on the backs of the numbers. On top of gdp numbers, thats those. In at 5. 8 . Ng these are quite decent numbers. Lets get a more reaction here. I was predicted 6. 2 iris predicted 6. 2 growth. Some of the numbers reach expectations. 5. 7. Pectation is i am a little surprised on the ip data. That what i amns thinking is that there is infrastructure. Should increase. This is my rational. Rationale. Metro line and you put the matter on the metro line. Then you finish the project. This process includes a lot of manufacturing. This number could mean these Manufacturing Activities have begun. Financing, fai and then ip. Is the retailg sales. 9. 8 not want it yea
Lacqua in london. Lift to the stoxx 600, data from around whattivity jay powell is doing. Dollar weakening for third day. Crude oil 60. 60. Makesort saying surplus return despite opec cuts, whether that means they will come further is something we will watch for. As operators in the gulf of mexico are bracing for Tropical Storm barry, giving pressure on crude oil prices. U. S. 10 year yield at 2. 12. Coming up on bloomberg surveillance, the allstar lineup today. We will talk about deals in the banking outlook. We will speak with Philip Hammond. This afternoon, we sit down with the ford chief executive. Breaking news. Arkey says it has received Missile Defense system from russia. U. S. Threatened to punish turkey over the purchase. Washington says the system is designed to shoot down nato aircraft. Goldman sachs warning of u. S. Intervention in the fx market. It says president trumps about otherplaints currencies is highlighting u. S. Policy. Now the u. S. Could forcibly weaken the doll
Credit suisse. Mark barton in london with your data check. Mark looks as if the fiveday winning run is sputtering or stuttering. Choose your word. Down by 0. 1 today. The stoxx 600 boosted by results of the firstround of the french president ial election on sunday. The optimism is among investors that Emmanuel Macron will emerge victorious. Eurodollar, weve been as high as the november high yesterday, just crossing 1. 09. The recent rally also spluttering, stuttering, or spluttering. German 10 year yield was at a end of march high yesterday. Yields creeping up in germany and across europe. Towardsd a propensity riskier assets this week in the wake of the French Election. Nymex crude, big stockpile data today. Down by 0. 3 . 49. 39, francine. Francine stockpiles really in the last couple months have been able to change. Now, mark, lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra donald trump is set to propose a 10 tax on more than 2. 6 trillion in earnings th