Equities climb as President Trump delivers a measured response to iranian strikes on u. S. Bases. He does, however, promise new sanctions on tehran. Fighting back, japan calls of itsghosns criticism legal system absolutely intolerable. This after he blasted tokyo for hostage justice. Plus, not so fast. Hard. In hong kong hits u. K. Retailers post sales britishafter what the Retail Consortium called the worst year on record. Speaking of that m s Third Quarter, looks like u. K. Sales theout, gaining 0. 2 , and fullyear guidance has been ishanged, but mark spencer out with like for like u. K. Sales. We are also getting german trade balance and current account data right now as well as industrial , the Industrial Production yearoveryear figure, a drop of 2. 6 . The survey was for a drop of 3. 7 . It is a bad number but not as bad as had been anticipated in terms of the current account balance. We are looking at 24. 9 billion, we were looking for 23 point 8 billion. German Industrial Produc
Fires rockets at u. S. Military base its. Tehran says it doesnt want war. Boeing737 jet crashes in a ron shortly after takeoff due to stateat stadia media describes as technical issues. All people on board were killed. Carlos ghosn says nissan used him as a scapegoat to block further integration with renault. He speaks out in a press Conference Today in beirut. We are also getting german factory orders in the economic data. It does not look good. November factory orders dropped 6. 5 yearoveryear. November manufacturing orders dropped 1. 3 month over month. That we haverders been waiting for here in germany just dont look good. You want to pull that up on your bloomberg, type ego go. Pull down on the german flag. The picture is fairly dire. Just under an hour away from the start of cash equity trading in europe. Before the factory ders came through, they were bad enough. Now you can see, dax futures are down even more. 1 . More than double the losses that we see on ftse futures. In term
With the United States. We start within a positive note. Nejra funding the deficit, the u. S. Will start issuing twentyyear bonds in the first half of 2020. It comes as Steve Mnuchin continues to review bonds. Welcome to bloomberg daybreak europe. The data out of china and the u. S. Putting risk on across markets today, taking a look at asia, green on the screen for the Msci Asia Pacific index. He saw all three u. S. Benchmarks hit records again and tech stocks were leading that rally. Alphabet above a 1 trillion valuation for the first time. Futures look like we could build on those gains. We saw green on the screen yesterday and it looks like another day of gains. Switching out the board to look at other assets, the yen has been posting a little bit of weakness. We are at eight months low. Yield edged up after retail sales data and some other data out of the u. S. Pointed to a stronger consumer. 182 handle is where we sit. We have seen steepening after that announcement from siva mnu
Investment announced at the france summit as Emmanuel Macron tops execs atop wider tensions. And Chinas Foreign Ministry calls for canada to correct its mistake and free huawei cfo as the trial starts today. Looks like a relatively positive start last week to the european trading session has not been reflected today. The european stock, 600 currently down around a quarter of a percent so far. If we look at the individual markets behind that number, you can see how thats happening it looks like here in london, look at the ftse 100, theres been an interesting negative start to the day, reflecting what you see around europe, quarter of a percent lower the c a. C down a third of the percent. The ftse mib down. If we look onto individual stories, though, that have been driving some action in the market, oil prices surged their highest after a military blockade in libya shut down the countrys two largest production facilities forces closed a key pipeline as rival factions continue to fight f
Uncomfortably close. The government has already tried various measures aimed at slowing the slowdown including bond sales to Fund New Infrastructure and tax cuts ministers insist they have a plan for what to do next. Omeo enjoy a year we must stabilize employment finance trade when not foreign and domestic investment and expectations. The phase one trade deal signed with the u. S. This week will go some way towards bringing about the stability china craves middle need something more substantial from phase 2 if its to have anything to smile about. Lets go after all the bad our financial correspondent in frankfurt because both european and asian markets looking quite happy today. Thats right they pared some of the gains the asians but here in europe it just continued upwards and the markets are gaining quite clearly and i get the sense that theres also a lot more drive a lot more interest and what the people are buying you can see that on the one hand with the dax going almost within str