Johnson changes the law to guarantee the transition phase is not extended. sis is the bank of england capital demand for the biggest u. K. Lenders. Welcome to daybreak europe. 6 00 a. M. And london, 7 00 in europe. There is room to run in the rally, the note from citi. Palladium breaks 2000. The taiwan stock market at the highest level since 1990 and there may be a sustained u. S. China trade truce and if that remains the base case an era scenario, we could grind higher. It depends if you are in the believer cant or the naysayers. Which one are you in . Nejra exactly, continuing the conversation from yesterday. Is it enough for the market . Are we at peak optimism and what is the outlook for Central Banks and whether the prospect of continued support through 2020 will keep the risk assets high. When we come to the u. K. , no deal risk a lot and well again. Manus boris and the hard brexit. You can literally taste it in the market. I want to bring your attention to the jgb market. We are
His cabinet. Caroline. Us bring in about psa. T ask you what do we expect to hear from the board . How quickly will the acquisition happen . Groupne we have the psa Board Meeting this afternoon. Signing and mo you by the end of the day. Sources, to bloomberg one big obstacle has already been removed. A stake owner is backing the mou and this is key. Remember in june, the state backer was responsible for making the merger between fiat and. The future governance of the new entity and the synergies between them and the psa group. To remainthe chairman chairman of the new entity. Expect also the psa group to have six seats on the board. We expect the entity to be based in the netherlands. It will have offices in new york, paris, and milan. To access the u. S. Market with chrysler and jeep. However, two legal obstacles remaining. One with italian authorities and the other with chrysler being accused by General Motors of bribery. The company has denied wrongdoing. Anna thank you very much. M
Amongst the dollar weakness euro strength and that means european stocks are finding it hard to make any headway. 6418 right now. We are at a more than twoyear high. How will opec and friends respond . Heres emma chandra. Stocks fell more than 2 after a report that qatari fighter jacks jets intercepted an airline from uae. Its the latest escalation in the dispute between persian gulf monarchies. Saudi arabia, the uae and egypt all accused of destabilizing the region. Carillion has fired for liquidation filed for liquidation. The shares have fallen more than 90 since july. It employs 43,000 people worldwide. Its a further boost to the International Status of the chinese yuan. Liquidation filed for liquidation. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im emma chandra. This is bloomberg. We will get a perspective on whats going on in the markets today despite the holiday in the United States. The dollar is really dominating the t
Surveillance. We will be joined bygood mornind welcome the irish Prime Minister for exclusive interview. Ursula vontalking to. We will also speak to theresa may. Earlier i spoke to Philip Hammond. Now, before we get to more talk from davos, lets get straight to the bloomberg first word news. Imfs managing director has urged Steven Mnuchin to explain his comments in which he appeared to back a weaker dollar. To its lowestd level since december 2014 after mnuchins endorsement. We have said an hour presentation on monday that the u. S. Tax reform is likely to strengthening and the mediumterm in the mediumterm. I really hope that secretary mnuchin has a chance to clarify what he said. Nejra donald trump has said that he quote would love to talk under oath to robert mueller. He is investigating whether anybody close to him colluded with russia. The met last month with special Prosecutors Team and have been speaking by phone as part of a continuing it changed continuing exchange. Donald trum
25 . That is not the big number. It is boosting its dividend by a whopping 38 . The market wanted more. It is a big week for a bonds as treasuries reopen. Will investors drive the 10 year through 3 . Good morning. Lets talk about these markets and get into the details of what you need to know. The fair value london fairly flat. Interesting to see how hsbc opens. It will be interesting to see how bhp opens. Bhp really flat. Hsbc trading lower. That is the picture. That is the set up into europe. Lets take a look that dmx talk about asian trade is going. Hong kong dominated by what happened with hsbc. Korea, indonesia trading softer. Europe generally a little bit softer. The dollar is trading higher. That is something to Pay Attention to. This is what some of the asian currencies are doing right now. Interesting. Is iron ore is where the weakness lay in the numbers. Copper is well bid. You got some of the Agricultural Prices coming back. They have been on a great run. We are going to tal