Driven by a weaker dollar. Whereturn to istanbul, bloombergs Turkey Bureau chief is standing by, and chris reiter is in berlin. President erdogan has sounded out again, ahead of the central bank decision. What can we expect today . There is a universal expectation that there will be a cut in Interest Rates later Turkish Central Bank Monetary Policy convene committee convenes. What we dont know is how much. If the decision is in line with estimates, which predict around thet of 150 basis points, rate of return on the turkish lira adjusted for inflation goes down to 1. 9 . Thats a crucial number, still above the average of real return e. M. s, which turkey is considered part of, but below countries that turkey is usually judged against like russia and south africa. We have seen anxiety in turkish markets over the last week. The lira has been weakening to levels not seen in about two months, and the decision at 2 00 p. M. Will determine the Market Reaction later today. Matt more Central B
Executive, we hear from the head of the groups chinas business exclusively. This is longterm, we have one of the biggest production bases. Nejra welcome to bloomberg daybreak europe. 6 00 a. M. In london. Williams, andom the markets react. Bond markets price 41 basis points, we have pulled back from that, but yields across the curve. Yield, to your yield drops below 1. 80. We move up three basis points today. We see dollar reaction to the fed speakers. Yen, and japan inflation data pushing the yen weaker. The youngf equities, affecting asia, but u. S. Futures on the front foot. Todays get gains in session. Gold hitting a fresh sixyear high. Brent jumping on concerns around geoPolitical Risk around the strait of hormuz. Juliette saly in singapore with lots more for us. A pretty happy friday for asian equities today. A strong rebound coming through in japanese stocks, yesterday had their worst session in more than three months. Helped out by that movement in the yen. Even though inflatio
Not too long ago, to set him up for this job. Expected butly faster than many analysts had expected. Thathich is how hard is my question, hollow hard a job is this. Limitedey have some exposure to north america. It did a complete 180. David but it is specifically into a larger story about Capital Investment and specifically energy. Alix and how deep it is in the u. S. That is what we will learn. We have earnings coming out and the macro picture. That Means Nothing is happening in the markets. If you like it was a same story yesterday. The dollar rebound from that selloff. Do williams came in and said nt keep your powder dry. Same in the bond market. A big buy coming in. Can we finally say it is a geopolitical risk story with crude . David did they shoot it down or not . Alix it is all cloak and dagger. David meantime, we want to find out what is going on outside the business world. For that, we turned to Viviana Hurtado. Viviana the Trump Administration and House Speaker nancy pelosi a
Well with the stoxx 600 up 2 10 of 1 . One of the outperform is is up and the cac is also positive. It is a racing some of those gains now. Lets get to the main story the Standard Chartered bank head of global fx research. Quarter gdpsecond growth doesnt sound like a massive slowdown but there are some warnings here, what should we make from this . Olds long as there is china just chinese growth over 6 , they are doing fine. They hit Market Expectations with aq2 number and we have not experienced the full brunt of the last rounds of tariffs which will be felt inq3 for the monthly numbers surprised to the upside and thats in the hope that maybe things are beginning to stabilize there. Its like a 14 trillion economy and its carefully managed and this is a managed slowdown. Should investors take flight at all . Investors have to be cognizant, every set of policymakers whether emerging or develop markets are trying to control their economies. There is strong debate as to how good their too
Future anding at the the longterm. Manus welcome to bloomberg daybreak europe. 2. 5e is a Share Buyback of from. Uros come in at 48 . ,bsolutely beating on margins Share Buyback for the shareholders. Net sales, 2. 2 billion. Net salesst quarter up 2. 2 billion. That is the guidance for this year. On the shares flow buyback. Of course it is about demand. Se they sink syncopated eing syncopated growth . Cfo on the board of management. , 9 billion insml net sales. Gross margin at 48 . We will have a conversation with the cfo at 7 00 a. M. That it looks like a strong story. Anna we will catch up with the cfo onthe thinking the thinking and the buyback. 0. O the asian session, down 3 on the msci asiapacific. A little bit of that confidence is taken away. Falling s p following. The u. S. Dollar did not like the way that it was sold off much on Martin Luther king day and came back with a vengeance. Is down after six days of gains. The giroux down a little bit the euro down a bit and todays se