Home and iwg shares surge after the provider confirms a bid approach all right. So this is the first day back from the Christmas Holiday lets see how the picture is trading in europe this morning we did have a bit of a mixed session in asian equities overnight. Of course a lot of the rebound was led by the kmcommodities an Mining Sector in europe. Things opened up a little weak but things more positive now as we delve into some of the stories. But lets take a look at the european individual indices and see what the picture is like there. And as we mentioned, you know, the past couple of days in the u. S. , u. S. Markets have been struggling the last four trading sessions, actually, dow, s p, and nasdaq did have negative days in europe it looks as though the picture is a lot more positive this morning all three majors slightly positive ftse is the underperformer on the day. Lets take a quick look at sectors. Basic resources up 1 . Commodities and Mining Sector did have a very good sessi
Two years. And signing on to the dotted line airbus, pnb paribas edge closer to finalizing deals in china as president macrons trade Mission Begins to bear fruit good morning lets look at some of the Market Action in europe, a lot more green on the board than red the stoxx 600 is up almost a third of a percent significant gains there in a number of different businesses lets look first at the specific markets across the continent the ftse, xetra dax, cac and ftse mib in positive territory the ftse up a third of a percent. The cac up 0. 4 . And the ftse mib up a half percent. The xetra dax slightly further fwrak i back from its peers. Real estate is the only one not in the green so far. Good numbers for basic resources as well as construction. That could be on the back of strong housing Numbers Technology also doing well, as well as industrials. Lets talk about some specific news driving action in asia, where north and south korea just finished their first set of sitdown talks in more th
We are seeing a little bit of risk removal. This is what we are seeing in european stocks. They are joining the rebound as we see tensions surrounding the north korean country and peninsula easing. The yen dropping, gold dropping. Gainingor haven assets a touch. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra north koreas leader says the testfiring of a missile over japan yesterday was a meaningful prelude to containing guam. Kim jongun added that he will continue to watch the response of the u. S. Rex tillerson has agreed with his japanese and south Korean Counterparts that the test was an escalation of provocation while the Un Security Council has condemned the launch. President trump has praised the Emergency Response to Tropical Storm harvey as he and the first lady visited texas. At least 15 people have died in the wake of harvey while thousands more have been displaced from their homes. Early estimates put the economic losses at 100 billion. The u. K. Wants to
Timing right come if we do it too we could derail the theast, both th timing right, if we do it too fast we could derail the entire thing. Mark this is bloomberg surveillance and im mark barton. A pmi for manufacturing and services, that is the composite fromed to 55. 9 in october 56. 7. Economists predicted the measure would drop to 56. 5. Job creation in manufacturing rose to the highest levels since Data Collection started in 1997, reflecting strong order inflows. Service Sector Employment also strengthened. You have got to see the recovery is gathering pace, just as the central bank convenes this week to decide on how to gradually pulled back monetary support. Thee is the euro against dollar. The stoxx 600 is a little bit lower today, down by about 0. 2 . Earlier it was up for the third consecutive day. The bloomberg dollar spot index is rising for the third day, the highest level since july 13. Investors eagerly awaiting President Trumps pick for the next fed chair. Theres a conse
Rates waeigh. London, seven 30 a. M. In frankfurt or paris. Lets have a look at where the markets open up. Or not expected to go all that far. Some minutes from yesterday, from last night to factor in the things as we start trading in europe. The fed, policymakers suggesting they will take their time, no stubborn inflation threat looming, and lots of trump related uncertainty. , andl policy uncertainty march seems to be less and less part of the conversation when you look at the probabilities of a rate rise and focusing attention instead in the market on the month of may. Lets look at what is moving around on the gmm. The bigis one of factors that has to be worked through the market. The Asian Session was flat, following u. S. Stocks downward initially, then fleshed out as we went to the session. Japan weaker on the back of the yen strengthening. That was a bit of the fed story coming through there. The korean won, but not a magnitude to be picked up on the gmm function. No Interest Ra