Europe, a reflection morning show. I am anna edwards. Cranny in thenus hague where the horse trading against. Liberalism has won the day. Gainst the populists a vote for europe, a vote against extremism. 13 parties will haggle to form a government here in the hague. Anna we will come back to that story throughout the program. Into. Ating story to delve lets talk about what is happening in markets. The msci asiapacific making gains this morning. We have an Interest Rate hike from the fed but no suggestion of an accelerated pace of tightening. Global stocks rallied, local bonds rallied. The dollar fell off yesterday. That is a little bit weaker, it was weaker this morning as well. That has stabilized a bit and we are flat. As euro dollar in their well. We did see the euro hitting a onemonth high. The defeat of wilders. China following the fed with not a typical Interest Rate hike but increasing some borrowing costs with targeting targeted instruments. To over interpret the monetary actio
Daybreak europe, our flagship morning show right here in the city of london. I am manus cranny. Matt i am matt miller here in the german capital, berlin. Manus good to have you with me. We are in that risk off mode. We decided yesterday we looked at the euroyen, we are looking at the dollaryen and this is where the trump frederick is stoking the heaven haven buying process. We are up by 1. 45 . ,f you want to pull this up 77. 34. The currency use moves, the kiwi is taking the brunt. Trump going on the fox business a network saying there is powerful armada. I we overdone, are we overreaching in terms of the end because one big move in this theater piece in russia could change the direction of the russia and u. S. Relationship. The 200 Day Moving Average at a fibonacci level of 107. 87. Even kuroda stepped in this morning. D in the endervene and does nothing. Matt speaking of headlines i am saying one come across right now from xo noble that it will consider a proposal to hold an egm in
Anna welcome everybody, this is bloomberg daybreak in the city of london. I am edwards. Manus i am manus cranny. Breaking news, we have felt. Phillips is hitting the take coffers quarter revenue 5. 7 billion euros. It pencilpencil and 5. 69. That is progress in line. 442. Sted that is the everest. They canity, they say flow 412 respectively. The abundance coming in ahead of the two estimates. First quarter comparable sales rose by 3 . Euros, we are waiting to see if there is any, at all from the defibrillator issue going back to 2015. That is one of the things that the ceo can give us a little bit more light on when we talked to him. We are going to have a conversation with phyllis, we will speak to the ceo and the programming. R in we will, of course, have those subjects at 6 30 a. M. The outlook remains unchanged. Three point one 7 billion u. S. Dollars. An update on the big m a deal with china. They look forward to closing the transaction in may 2017. That is narrowing down the wind
Challenge her. And negotiations with the u. S. Justice department are set to continue despite breakdowns in talks. Welcome, everyone. This is bloomberg daybreak europe, as we are naming our show here. I am and edwards. Anna edwards. Manus and i am manus cranny. This pink line shows you very positioning, and this is the inverse correlation S Performance and the rally of the mexican peso. Last e, the peso has lost nearly 9 of its value since the risk of trump. Anna it is different than last time, and that is because of the revelations over the weekend, the end of the last week, around the republican candidate, so as you said, manus, it pulls back a little bit. I would show you where we are on the mexican peso and where we are on the pound. This is as theresa may looks to build on understanding in brexit. The fed minutes are in play. You have got me mexican peso. The last time the mexicans onually intervened was february 20. You have also got canada on the move, and nymex crude is down. C
The u. S. Is similarly targeting number of chinese investments they want to limit in the United States, including looking to delist investments and limit how much governmentrun Pension Funds can have in them. This continues and the impeachment fight. Well update that. I want to go to jim jordan, republican from ohio, on the house judiciary committee. A lot to discuss, congressman, i appreciate you maybe weighing in on this trade stuff. The president added couple doozies that might be warranted, but the market interprets that as no trade deal likely. Do you agree with that . Jim well wait and see, all i know, no president been tougher on china than President Trump and hes dealing with real problem of china, intellectual property, not abiding for trade norms and host of other issues china is guilty of. I been focused on the impeachment process, unfair process the democrats are involved with. I upon this, the president has the American Peoples best interest at heart and hes trying to acco