Anna a very warm welcome. This is bloomberg daybreak europe. Im anna edwards. Manus im manus cranny. We have one of her last interviews as the ceo of easyjet. Thats at 7 00 a. M. Anna later, we speak with david duffy. He will be joining us later on to talk banking. The world is a strange place. The german elections, very boring for a long time. Challenges and janet yellen plans to step down from the fed. You look at the world, you look at north korea. Its been named a state of terrorism. Where do you put your money . Gold did have its worst loss in two months yesterday, down by 1. 2 yesterday. Where do you hide . Open interest takes a spike. Open interest in gold is at the highest since june. That is at the close of business last week. Increasingly, geopolitical events have reported the tactical use of gold in the short term we have heard this before from a variety of people. Lets see where it goes for the rest of the week. Anna we will show you where we are on the msci asia. Despite t
Last week, it fell 5 . The threeweek losing run seems to be coming to a finish. Sovereign bond yields, commodities. The difference between long and short data yields in european government bonds, investors say it will narrow this year, similar to Global Investors benefiting from a finding in the bunker, the german 530 year spread trading to the lowest level since 2016 led by increases in the shorter amid expectations the ecb will raise rates in the next year or so for the First Time Since 2011. By atrended is abetted inflation limiting the increase in longerterm yields. A wonderful chart. This is another wonderful chart, u. S. Dividend payouts may have lost their luster as 10 year treasury bond yields advanced to multiyear highs. Some say approaching a threshold , a pain threshold for equities. Europe, however, holds the theard with companies in stoxx 600 offering dividend yields and the 6. 3 is the blue line, the highest among main markets across the globe. Close to 300 basis points a
State of the nation address today. Welcome to bloomberg daybreak europe. They probably ensure your house and probably. Operating profit from pimco is in line. I do not think the opportunities of what to buy are they not think the opportunities of what to buy are they not seeing the opportunities of what to buy . Operating profit was 1. 3 one 1. 31 billion. The overall dividend is an uplift for this company. They are on track to deliver 3 year renewal agenda targets. For the Fourth Quarter you are seeing the income be on the numbers beat on the numbers. You had California Wildfires in the worst Hurricane Season in history in the United States. With all of those headwinds, this Company Managed to up the dividends. Promised histhere first repurchase in the first half of 2018. Are they looking at xl . That is the question. This is the picture over the last three months. The market was thinking that this was a tough time for the company and the rest of the industry. Allianz. The ceo of l he
Burning tires coming up in business. We will explain why french farmers are taking to the streets in protest. And a terrifying close call in south africa as a World Champion surfer fights off a shark attack and survives. That and more on the way but first our top story. First Hissene Habre the former dictator of chad goes on trial accused of war crimes and crimes against humidity. That is in senegal is history making. It is the First Time Ever the courts of one country prosecutes the former ruler of another for alleged human rights abuses. Reporter after years of struggle victims get their day in court. I wish he had the courage to come to the bar and tell me why i was arrested and detained four years. Reporter these chaddians have come to senegal it testify in the trial of their former president apz prosecutor who ruled from 1982 to 1990 and they are determined to get justice. The time has come for the victims to regain their dignity by way of these explanations, this hearing in the c
European equities are trading under 30 minutes until the end of the wednesday session, rising for the first day of three with highest levels for the stoxx 600 since june 19 with all currencies falling against the dollar. Bond yields are daily gaining. Dax isnd in the diverging from the technical momentum indicator. The relative strength index. Something usually seen as negative and technical analysis. Whenivergence occurs prices make higher peaks as the dax has done in recent weeks. While the rsi makes lower highs. That indicates momentum is fading, even as prices keep going higher. The bullish trend is intact for now, according to day by day. It will be interrupted if the index ranks below 12,930. We are at 13,000, 46. 13,046. Lets stick with germany. J. P. Morgan chase and Morgan Stanley have differing views on what the ecbs policy decision next week will mean for german bonds, jpmorgan recommends taking an outright for a position in the 10 and 30 year bonds and selling fiveyear germ