Anna good morning and welcome to daybreak europe. Manus welcome to the show. Ofhave the finance director the company hayes. Its a benchmark of europe and the u. K. And around the world in terms of wages. Where should we start . She kept the dream alive. I will not sing the song. Even though its friday. Anna he doesnt sink before we go life. Manus i do. The emerging markets index. This is the potential golden cross flashing on the chart. What is that . 50 Day Moving Average and 100 day moving day average, about to close crossed each other. Stocks gain more than 30 in the 11 months following, the last time we saw that was 2015. The market is saying we have a cracking run. There is a probable relief that janet yellen keeps the dream alive and she questions the veracity of inflation. Anna a lot to talk about in terms of yellens affect on market. On the risk radar, lets look at where we are with the dollar after a couple days after Janet Yellens testimony. Gradual seems to be the mantra. In
Frederick dear in a little bit. Markets, to get you ready, futures just a little bit softer. Down 1 10 of 1 on the s p 500. The euro is weak or by 1 10 of 1 and the treasuries on offer for an eighth straight day. Yields up. Alix it is not even a basis point. It is sterling that is the story for me. The downside off 4 10 of 1 . Not waiting for that u. K. Budget. Gold is slightly lower but not picking up steam. Now it is down by 1 . Not necessarily supporting the oil price. I jon want to pick up on sterling falling for a Third Straight day ahead of the u. K. Budget which many are saying would do little to support the pound is a currency. In the next hour, joining us live from westminster with moore is bloombergs and a redwood. And a red word. What we expect from this . He is changing jobs but just because he has moved the timetable. Here,e are expecting from credit is describing it as fiscally mutual. It is not doing anything to support the currency or the preamble around the budget. As
On the u. S. 10 year. The euro firmer against the dollar. Alix take a look at commodities. Oil below the 100 day moving average. That is significant. I wanted to point out it is not just oil that is weaker. It is the entire commodity complex. Iron ore, copper also down. Gold a little softer as well. It is important. Not just about oil or the oversupply, but weakness permeating. Jonathan lets get over to pray for now. President mario draghi predicted to leave Interest Rates unchanged through the end of 2017. Joining us for more ahead of the decision is jamie murray and matt miller. I wanted to start with a simple one. What are we expecting today . We are not expecting change in Monetary Policy for the ecb today, but we are expecting a change in the ecb inflation forecast. 1. 3 ank currently sees inflation for 2017. Running much hotter than that. It is at 2 . We expect the ecb to nudge that up this year. Comes off in 2018 and back in 2019. The question is, when is mario draghi beginning
The three year came in a little weaker yesterday. We have seen a lot of former buyers foreign buyers come into the tenure market. More fed speak. Minnesotaq a at the business partnership. David westin is with us remotely from d. C. David President Trump is meeting with his Business Council, a group put together by Steve Schwarzman. They come together every so often to talk about things like the tax plan. They also speak about immigration and trade. We will go over to the white house and speak with Steve Schwarzman and some other ceos to find out exactly what they spoke with the president about, and can they get this thing back on track. Alix what is one thing they will be pushing for . David i think taxes is clearly the answer. They really want tax reform. If you go around the table with all those ceos, every single one has a part of taxes that they want or do not want. You put it all together that is the big question on the agenda today. As we just mentioned, secretary of state Rex Ti
Controlled by the benetton valley is looking to sell a stake in its company. Then we talk brexit with the former lord mayor of london. Then in an hour, we bring you a conversation on Monetary Policy with the bundesbank board member andreas dombret. Lets check on the data because we have quite a lot going on. This is the picture overall. On the back of what the china gdp brought to the forefront. It is a touch of caution when you look at the Financial Markets. As chinas Economic Data was in line with expectations but at the same time provided few positives for investors. Crude at 50 79 and crude281 at 50. 79. This is monetary conditions. Anything above 100 indicates expansion. This is also an economy that has been widely controlled by the government. You can see that since 2011 we have seen that bump in the beginning of last year and then it is teetering o petering off a touch. Starting on china, Economic Growth remained stable in the thir quarter. Gdp rose 6 from a year earlier. That a