Warm welcome to daybreak europe, i ran says the door to negotiation is firmly closed. Diplomacy is closed. What will it mean for the oil market . We are still at 8 over the past number of sessions, this is fiveday momentum. Are we hitting a plateau . In terms of geopolitics. The next thing for the market to look at is opec plus. They will need to extend the deal until late 2020. Issue calleder demand. The real fundamental lets have a look at some of the other risk markets this morning as we look at the dollar. The longest losing streak is september 2017. Blackrock is neutral on the dollar, Jerome Powell speaks today. What will he have to say, adding to last weeks shift from patients . This is as trump calls the fed a stubborn child and its refusal to move. Keep an eye on gold, the bulls are backing control of the market. , and wetanley top pick are also seeing a shortage in the physical supplyside which gives sucker to the bullish story. Good morning. The markets cant get away from spe
Welcome to bloomberg daybreak europe, our flagship morning show in london. Im manus cranny. Breaking news coming in across the bloomberg, this time in regards to you. It is on the path to try to take over huntsman, and we have an activist investor which in part is run by keith meister. Iny have taken a 5. 13 baked , if you wonder about activism, this is the personification of it again. Clarion has noted the investment from cortex, they say that they have had regular contact and they are open to dialogue along with all other investors. This is an acknowledgment in regards to that investment, that morph than 5 holding. They say they are and regulatory discussion. Happy fourth of july. If you are having a late summer, good morning. Have a look at this, have we finally capitulated on the dollar, or have we over arched . I am talking about the hedge funds. They have decided that it is finally time. Arenet short positions negative, this is the First Time Since may,m this 2016. The bloomberg
Rest of 2017 . With Central Banks, shifting into neutral. The sweetest central Swedish Central Bank signaling the end sparkhreeyear effort to inflation. We will get a decision at 8 30 a. M. London time. Cash is about to open. We are half an hour away from the stock start of stock trading. We are getting an idea of where we will start the day and the fair value points to a negative start. 51 . Y. 5 of 1 . I want to move on, we will see what the yens reaction to the news, hes of piece of north koreas missile they launched was an icbm. We will see what the experts have to say. But we have got is the yen down up by. 5 of 1 . Interesting to see how this works its way through the session, looks to be firming against the dollar. The aussie dollar is down, some people had anticipated the rba would follow a more hawkish stance. That has not been the case and the aussies down. Begins strengthening now, continuing to strengthen on the back of this news that north korea said it fired an icbm. The
Theres quite a lot going on in the markets. Investors once again trying to adopt status quo as they are trying to figure out what happens next. It is a cautious tone at the end of a positive week for global stocks. Next week we have a major speech from donald trump. A lot of industry and Market Participants probably waiting to hear what comes next in terms of his reflationary measures. Tactically00 unchanged. I want to show you volatility. We are seeing a Little Movement when it comes to these yields. 12 54. 05. One of the stress tests when it comes to Political Risks in europe is the spread between the german and french 10year yield. Let me bring you to my bloomberg terminal. Weve been watching it all week. We are seeing a takeup for the spread as investors, after news that Marine Le Pens team met with top bankers, figuring out what her chances becoming president are, they dont want to get burnt on the markets. We will get back to these indices shortly. First lets get the bloomberg fi
I amrkham to countdown, mark barton. Stay with us. It is 7 30 london time. Cityll be talking to the the ceo of a smartphone app. Then we are joined by brazils ambassador to the u. K. As his country prepares to take on columbia for a place in the world cup semi finals. Change in the European Central bank. Is it a historic moment or is the ecb catching up with its peers . Covered the conference yesterday. He told us what to make of the move. I go with historic. It is about transparency, shaking up the methodology of communication. The art of communication. How often we hear from them. Im going to go to every six weeks, mark. That is because mario draghi wants to break the markets are racing towards markets move ahead of every meeting. Break that expectation. I setally thought that up and went, interesting. He wants to break the psychology of market. Is that what carney is doing with him i am raising, i am not raising. He is shaking it up. Ecb werd that the will have dry runs, whether it