Very good morning, everybody. Warm welcome to daybreak europe. Lets check out the markets. Picking up where we left off. The mse i asiapacific eating out further gains. We touched alltime highs in the United States in fridays session. We did have some action to talk about. , a yen is steadier now little bit weaker against the u. S. Dollar. We have seen a move higher in the japanese currency. Had the bank of japans governor corona guided the market higher, when he was at demos, apparently not. He was not changing his stance, changing his forecast. Busy one. It will be a we have a dollar a little bit stronger, which makes a change after seven weeks of losses. It will be a busy week. Yellen is in her last week of the fed. Lots of data including jobs data and a state of the Union Address i President Trump. The metal price for you, this is zinc. We could have shown you others, the zinc is up 2. 3 . Because of the weeks dollar affect, lme inventories coming down and thats something that is f
Anna this is this is bloomberg. Bloomberg daybreak europe. Manus there is one market in the world that is not have a good friday fielding, and it is does not have a grid friday feeling, and it is the brazilian real. There is chaos in the markets. We thought we would try but put this in context for you. There was a close on dollarreal. If you want to understand volatility, it is down to the real. It has trumped the peso. This is the peso in yellow. It was a walk in the park, because what you have in the brazilian real, volatility is ratcheting up to 22 . Stocks are in a tailspin, country risk is in a tailspin, but that rise in the real. What happens next from tehran . That is the debate. Anna we have plenty of politics to talk about. Is earlyis downgrading in stocks. We have a great story on the bloomberg talking about those investors who feel brave enough that this is the time to buy some of those brazilian assets. We will talk about that during the program. On at the risk radar, lets
As trump touches down in saudi, iranian people voting on whether to continue International Engagement or take a harder line. We are live in iran. Matt we are less than a halfhour away from the open of cash trade. Lets take a look first at where futures are after the big drops we saw the last couple of days. Looks like investors are getting more optimistic in europe. Asian stocks turned around. We are seeing european futures rise fairly significantly. If you look at the bund trade here, we can see that investors are selling off debt. This is a preday chart. I will put it into a oneday chart of the german bund trade and zoom in on that for you. Investors are selling off the tot, pushing the yield up 0. 36 after it had retreated for a couple days. Guy more germany does this morning. We will talk about that later. Lets talk about what is happening right now around the world. Yesterday, a second day of negative trading for european equities. That is worth paying attention to. Looks like wer
The u. S. Are drifting apart. What will the future relationship look like . Sys manytish airways of it says many of its Computer Systems are up and running. Onl stocks see turbulence the massive failure . Matt less than a halfhour away from the european open. Lets take a look at futures in the markets that are going to open and trade today. London is closed, not because of the computer failure, but for a holiday. Here you see the euro stocks futures unchanged, dax up just. 1 , cac down about the same amount. Check out the bunds. Looks like investors are selling off german debt, pushing the yield up. ,ight now trading is at 0. 35 not a huge amount. It still looks pretty blown out. Just want to know get through an hour without talking about bitcoin. Aussie dollar down, iron ore in the tank. Aussie stocks are also lower there was an attempt to runiit it up, but volumes are below the 30 day average, asx down. 7 . When it comes to the commodity side, this is where you are seeing a little bi
Control with voters in his party on track to a sweeping majority in the National Assembly. The nasdaq selloff turns into asia trading as Goldman Sachs warns at low volatility may be blinding investors. Until the start of the cash trade. Lets take you through the future boards as they stand at the moment. A lower are set for opening come pick up late on friday. You saw the Technology Part of 1. 8 , appleropped. 34 , alphabet, thats whats driving these markets lower. Ofis this leveling in terms understanding of volatility. Samsung also sold off in the asian market. Equity markets are set for a lower opening. Lets have a look at gmm. India offight by 1 , by half percent. You see that through the asia equity trading. In the currency lock, you have an interesting day shaping up. Note major move on sterling thus far. Canadian dollar slightly firm. The euro is up by an eighth of a percent, 112. 05. We had the Federal Reserve and we have all to blame in terms of sterling risk. We will talk abo