We have plenty more from the u. K. And the conservative party. And, todays nonfarm payroll figure, a rosy picture of the u. S. Economy . Good morning. Welcome to bloomberg surveillance. Im Francine Lacqua in paris. We have full coverage of the french president ial election. Mark barton is in london. Im looking forward to the conversation with Andreas Dombret. You have our market check, mark. Mark i do. Check out whats happening to european stocks. Big day ahead. The jobs report in the u. S. , the French Election on sunday. Lets have a look at the ftse. Lets have a look at the european benchmark, even better. Highest level since august 2015 yesterday. The big move seems to be continuing in the commodities market. The u. S. 10year is unchanged. Money moving into the yen. It is a riskaverse day today. Oil, lowest level since the backend of last year. The movement down and commodities. Down in commodities continues. Lets get the latest bloomberg first word news. Heres nejra cehic. Nejra in
Tomorrow. We have great interviews. Will president elect trumpish escher in protectionism, and what will it mean for global trade . We speak to the owner of the Worlds Largest container shipping line. Plus, is the Banking Industry headed for an uber loan . We talk about bitcoin, Cyber Security, and disrupting the banks with the former barclays ceo and the block chain cofounder, later in the show. Gett things first lets to the data check. We have a special guest from asia. This is the picture of these markets. Breaking news out of the iea, saying the opec deal will create on oil supply deficit in the first half of the year. We will monitor that. I wish i had the picture for oil, but overall stocks unchanged. Unicredit gaining 4. 2 . There you go. This is the picture for oil, gaining 3. 2 . 55 point 67. First, lets get to the news with nejra cehic. Plans to raiset 13 billion in an offer to sell off bad loans and slash costs. Italys biggest bank is targeting 4. 7 billion euros net profit
This morning. The dow logging another record high as it marches toward 20k. Day one of that fed meetinging. President elect trump announcing exxon mobil chairman and Ceo Rex Tillerson as his pick for secretary of state. Plus, microsoft cofounder bill gates speaks out. Trumps policies on trade, relations with china, Interest Rates, and a lot more. But first up, the march towards 20,000 continues. The dow is on track to open trading at an alltime high one day after posting its 15th record closing high since the election. We also have the fed kicking off the twoday meeting, many expecting it to result in a rate hike tomorrow. Jim, i assume theres no doubt in your mind about that. No. And i think that the banks have to have it. We saw the banks waivever. This is not an all trump stock day. We got china, good numbers. Italy, major recapitalization. I think there was another time this market would be up huge just recognizing these italian banks are getting their act together. Im worried abou
Bad form of ranking. Anna oh yen, high confidence. Cinnamon sentiment improves for the First Time Since june last year. What does it mean for the stimulus . Johnson johnson ins discussions for a potential deal, leaving the door open for another better. Reports say they are now in talks. A very warm welcome to bloomberg daybreak europe. We are here in london. Im anna edwards. Breaking news coming through on the car industry in relation to china. China is set to be planning a 7. 5 small engine car pat car tax through 2017. China has said the plan extending the auto sales tax incentive to 2017. China is set to set a small engine car tax at 7. 5 and cars at 5 . We will see if that has any impact on european carmakers are other global Car Manufacturers exposed to smaller in of the car industry. Lets look at the risk radar and show you where we are on this fed day of all days. Expecting a decision later on from the fomc and the wide expectation market that we will see a hike. China and brexi
Will punish the market if financial repression finally over and is that that such a bad thing . For ropping the bid actelion. A fascinating deal. We will explore that. We will take a look at where futures are trading. It looks like a weaker start for stocks. You can see that the ftse is indicated down. 3 of 1 as is. He cap cac there is a lot of earnings and equities. It will be an interesting day to see what happens at the open. Guy maybe a slight negative start. Maybe the reason is we had a solid day yesterday. Spain am a the, main European Markets trading higher. Of jewsst a little bit coming out of that trade. The dollar is weak or going into the fed. Index down by. 1 of 1 . Ons generally better. The yields coming down the little bit. We will keep an eye on that and the other thing to watch out for his oil. Giving back a bit of ground. Trading down by 1. 1 right now. Were seeing a little bit of dollar related trade going into that oil story. Maybe some of the exuberance coming out o