For regular rate hikes. Toa a very warm welcome bloomberg daybreak europe. I am manus cranny. China has gone from being the global deflator to potentially the exporter of inflation. 5. 5 busting through expectations. And that is what is driving markets. Negative real rates. What we have done is track profits of Chinese Companies with those inflationdeflation numbers. Down goes inflation and the prophets. Profits in china have risen by or 2. 5 in november. Is there more to come . Have we reset the gears . Anna there is a domestic implication. To what extent does it reset the inflation rate are globally. Big debate in china as to what these numbers mean for the pboc. Indid not see a big uptick cpi. Let us check the risk radar. A 14ollar index hitting year high on january the third. Things have looked differently, more sluggish in the last few years. Manus there does not seem to be an appetite in the market to build the dollar long. Yellen will be speaking later this week. Build the dolla
Will the president elect deliver on elevated expectations . The pound tumbles and the chancellor Philip Hammond repairs to attend a conference with Angela Merkel today. How hard will the conversation the . Be . Than one half hour away from the european open. Lets look at futures. Outlierooking at a ftse once again. Yesterday we had the ftse close up, the dax closed down. Today we have ftse futures up of 1 . Hundredths unchanged there across the board. Not a lot of actions. A lot of news today though. Is interesting is the commodity space, what is happening with gold, what is happening with copper overnight. That is an interesting story. The dollar dipping a little bit and that is understandable, given what is happening. A bit of nervousness in advance to wednesday with donald trump. Hear from janet yellen thursday as well. That is something to bear in mind. The bloomberg dollar index down one 2 10 of 1 this morning. The euro is up, we like to see the swiss franc up just to make it more
Julie hyman is here with the latest. Julie hitting records for the dow and the s p 500. , thea bit of Economic Data job openings a little bit of a dated number, or december and it fell to 5. 5. Decline in those jobs openings, but the november number was revised lower, and the december number was a little bit lighter than had been estimated, so a bit more color on the job market in the u. S. As the fed says we are approaching full employment. Small. Ements are fairly our trip to these records has been quite incremental. Stats, it some of the has been 61 days since the last 1 move up or down, and the s p 500. 62 days was the longest in this current market. Sinceys was the longest 1945. If we extend into tomorrow, that will match the longest streak in the current bull market. As we talk about the day after day, this drumbeat of low volatility, this is what this is indicative of. In terms of todays session, one of the bigger moves we are seeing is in general motors. I want to show the move
In the mix. Watch it closely. Yesterday, we saw outside losses versus the european markets for the futures. Similar picture this morning. Its on the back of the bounce sterling after the High Court Decision and commentary for the boe. One sector in positive territory, that is Household Goods. The rest trading weaker. Toward the bottom, outpaced by health care. This is what we saw stateside, too, technology and health care. 1. 2 on. Dont forget the clear election risks. Many of the companies are reporting that, concerned about a less friendly environment stateside no matter who wins office. Rio is weaker. Insurance stocks are trading south. 7 down, just outpacing to the downside. In terms of the others, teleco is weaker. Some of the safe havens, food and drink are ten 10 . Industrials just accelerating and Household Goods. Where you are seeing green, half a per cent north, electrolux along with montclair. One of the best performers, 6. 8 higher. The response out of the gates. Take a loo
Tom what an interesting 24 hours. Francine i just had a great exclusive interview with luke johnson. The problem is that is all about immigration and sovereignty if you are the brexit side so we may have people deciding in the booth basically to vote brexit. Tom a lot to talk about in the coming hours and some good guests. That there is other stuff going on in the world. I believe chair yellen may have something to say today. Francine we have to look at the dot plots with Michael Mckee. When a to see exactly what the underlying strength and that is but we need to get to the bloomberg first word news. Vote, two days before the the battle over whether the u. K. Will remain in the European Union is too close to call. A new poll has the leave campaign in front meanwhile a survey from or be has remain holding a 53 to 46 advantage. Police in brussels have arrested a suspect after a bomb scare at a shopping mall. According to a belgian newswire a man called police to say he was Walking Around