Good morning, everybody. Its 6 00 here in london. Year, if you are just rejoining us. The nikkei 225 just rejoining us today and the japanese markets just rejoining the new years freight. Up by. 75 on the nikkei 225. Thats playing catchup from previous days at the trading year so or but it follows on from you records on wall street, the gradual approach being referred by the fed if any conclusions can be taken away from the fed minutes yesterday and the biggest oneday increase in the japanese equity market may, partying like its 1991 apparently in japanese stock. U. S. Is the yield on the 10 year. Andreaction from the fed the prospect of higher Interest Rates. That was the case really through 2017. We did not get any explicit clues around a hike in march and some point to a change in personnel, clearly one of the reasons in the mix there. Oil,rice for a barrel of up and moving higher, up 5. 9 this morning. Now above 62 a barrel. The dallas fed has done a survey that suggest for many in
Investors await gdp from the world secondbiggest economy. Will it accelerate for the First Time Since 2010 . Anna welcome to the program. This is bloomberg daybreak europe. This thursday morning here in london and lets start with the overnight session over in asia. Weve been going through the day , we were in positive territory just a couple of hours ago and now were down about. 4 it would waiting for a did lose your data out of china. The growth story for the Fourth Quarter. Industrial production and retail sales due out as well. A strong session in the United States yesterday, the dow closing at 26,000 for the first time. Visit smoke and mirrors or earnings and growth . One of the key questions the market will deal with as we head into tomorrow. The couple of things keeping the markets on edge at this age. This stage. We have a story that says some at the bank of japan think that at some point, talk of normalization will be needed. Thats about as close as we can get to any change in
Forecast. It will call come the cost of rising debt. Haidi later on, under pressure by the stock surge to develop big bets. Rishaad and stormy skies. For backtoback annual loss. Were also talking about nafta and the renegotiation. I want to bring out chart 1358, which give some context. Canada and the United States meet in washington for the first round of talks to renegotiate the deal. Donald trump calls nafta the worst deal ever made and vowed to withdraw from it. Mexico and canada want to agree to favorable terms with the u. S. Were going to have a look at what might make for a new agreement, what would it look like . How will it affect global trade . We have some guests coming up. U. S. Imports from china way exceeding those from mexico or canada. Putting all of that into context. Becauset is interesting weve have expectations that the rhetoric translate to a harsh stance from the Trump Administration, given lyrical pressure, perhaps there is political pressure, perhaps there is mo
I cannot be in favor of it. Plus, britains got talent, and france wants it. Residential hopeful emmanuel workers tos skilled return to france after talking to theresa may. Fore are the figures germany, Business Confidence coming in at 111. Stronger than the markets were expecting. They were expecting a figure of 109. 6. It is stronger than expected. A little bit better than expected growth figures. This is the picture for eurodollar. Lets get straight to your markets. Yesterday, we had record highs for the u. S. , and that means it is probably still going through a little bit when it comes to european stocks. I want to show you movement on japan as a haven. Volatility yesterday was gaining 4 . Brent crude, if you are looking wti. At markets, look at brent at 56. 53. This is my favorite bloomberg. This shows you the german twoyear yield. Is further into negative territory. This is the zero line for the german twoyear yield. The three main reasons for this it is a haven, there is support
Of the president ial election in november. The party is divided, but main stream republicans opposing trump. His campaign frequently runs into controversy including a ban of muslims coming into the United States. Trump calls for building a wall along the southern u. S. Boarder to shut out illegal immigrants. Turkey is widening its crackdown on people it says are linked to the men it blames for staging a government coup. Teachers and Police Officers have been either suspended or dismissed. Two dozen tv and radio stations. Investigators have detained over 8,600 people, including military officers for questioning. The death toll from the coup attempt stands at 240, including 173 civilians. The blame of movement led by u. S. State fethullah gulen, attempting the coup. Gulen has wide support in turkey. The Prime Minister said that turkey has made an official request to the u. S. For the extradition of gulen. Gulen has denied the coup attempt, and has denied any role in it. The white house s