Cfo says growth will come from a new unit. Be theorate banking will greatest growth driver in the franchise as we see it going forward. Anna erdogan derails the rally. The turkish president fires Central Bank Governor, sending the currency 3. 5 lower. Plus, new democracy prevails. The snap election in greece turn around he will the financial crisis. I will deliver on my agenda, an agenda to grow the economy, to create more jobs, but also to make sure the greek people feel safe again. Anna welcome to the market open program this monday morning, less than a halfhour to the start of equity trading. Lets look at the features. The good news is bad news mantra is dominating. The end of the rally in everything, ftse futures, tax lookses, and cac futures like it will be weaker in trade. We got the jobs report. Stocks stateside and europe falling on that, building in lower expectations for fed rate cuts. Thats the big picture story. Lets look at how thats gone down in asia. Thats part of the as
Lost. Asian markets and investors dial back. But the bank of france governor hints that the ecb could act in its next meeting. We speak about Monetary Policy, we have several governing to come in the next month. And if and when needed, there must be no doubt about our determination to act and our capacity to act. New party wins a resounding victory as Prime Minister tells cnbc hes ready to deliver change. I feel if i have a strong mandate to deliver on my agenda, which is an agenda to grow the economy, to create more jobs but also to make sure that the greek people feel safe again. Hard to swallow. Shares sink after the French Food Company warns sales growth will slow in the Fourth Quarter as the caterer braces for the loss of several north american contracts. Well, good morning, everybody. Our top story today Deutsche Bank shares are trading higher after the german lender announced an overall which describes as, quote, the most fundamental transformation in decades. They will create a
Francine welcome to bloomberg surveillance. These are the markets. The stoxx 600 gaining a touch. The u. S. 10 year yields going to around 2 . Deutsche bank after the massive overhaul gained one point 7 . We did have a little news out of the german Industrial Production data. Bit of gaining a little temper on some of these markets. The market is going toward 2 . Coming up, we heard from the associate general chairman, what he had to say about the fed, ecb, and more. Lets get to the bloomberg first word news. The lira swamping after president erdogans decision to replace the countrys central bank chief. The dismissal has fueling concerns over the regulators independence. In a meeting, erdogan reportedly told policymakers to get behind his conviction that higher Interest Rates cause inflation. This morning, greece has a new Prime Minister from the right Democracy Party. The election handed him a mandate to tackle the nations chronic woes. New democracy is set to get a perlman treat major
Warning. Huawei is the focus of deepening geopolitical controversy. It has distanced itself from the Chinese Military. There is a workaround to the blacklisting. Malaysias president is not satisfied with goldmans offer to settle the 1mdb case. Goldman sells me a killing on this. The fed stays in the spotlight. Top officials talk to us about rate cuts and policy plans. 50 basis points would be overdone. Its too early to know whether we should use the tool at all. And what magnitude we should apply. Its all straight ahead on bloomberg best. Taylor hello and welcome. I am taylor riggs. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines. President trump made it clear he was ready to impose additional economic sanctions on iran. On monday, he followed through on that pledge. President trump today imposing sanctions on the Supreme Leader of
The Chinese Military. There is a workaround to the blacklisting. Taylor malaysias president is not satisfied with goldmans offer to settle the case. Sells me a killing on this. Taylor the fed stays in the spotlight. Topics pistols officials talk to us about policy plans. 50 basis points would be overdone. Its too early to know whether we should use the two little and what 9 tool at all. Taylor its all straight ahead on bloomberg best. Taylor hello and welcome. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. Lets start with the day by day below look at the top level guidance headlines. President trump made it clear he was ready to impose additional economic sanctions on iran. On monday, he followed through on that pledge. President trump today imposing sanctions on the Supreme Leader of iran. Telling reporters at the white house, the action would deny ayatollah access to financial resource