Welcome to bloomberg daybreak europe. Breaking news coming through on the bloomberg terminal. Toshiba is set to sue western billion. Or ¥120 this is lawsuits rising. Toshiba seeks a permanent injunction against Western Digital. Developed y has talking about memory they delivered earlier. This is email saying theyre 120 billion yen. We will get more on that story and bring it to you. When it comes to rockstar central bankers, there arent many that have the ability to move markets like mario draghi. Have a look at this. This is the euro, and hes pushing it higher. Is atoomberg euro index the highs level since 2015. Look at the bottom of your screen, you will see that. You also see the bund market move aggressively as well. Thats what rocks the market. , where on track quarterly gain in six years. He has shifted the dial in terms of what we can expect from the European Central bank. The barriers to the upside of the euro are potentially getting busted and Political Risks are fading. This
Euro may not survive. Can draghi continue to do whatever it takes . The ecb meets today. He Deutsche Bank is set to continue job reductions even after cutting bonuses for senior staff. Francine switzerland, theresa may mates anchors. Her europeter speech. We will hear from her right here on bloomberg at 4 30 p. M. London time. A brexit exit is. It is preparing for the u. K. To leave the eu. We will be speaking to avoid like fine. The german reaction to the ecb finance minister, speaking to bloomberg following the Central Banks decision. Welcome back. This is davos. It is a day earlier. Aam delighted to kick off conversation on real estate. We just look to the u. K. Chancellor, Philip Hammond. We were trying to figure out what brexit for job losses. One person who is watching this changing of the guard. Cofounder of soho china. Thank you for joining us. You have great global perspective and you give us a unique insight into the chinese market. How do you see real estate going around the
Look at the bloomberg, g btv 3598 that looks at the msn reading and market reading of manufacturing. 50 is the dividing line between contraction, so we saw manufacturing come down and has been016 expanding now at a higher rate to most of 2015 and now on 27 2016 and out 2017. As trump pushes for made in america, this chart shows we had seen an expansion of manufacturing, although he is looking to expand that even further. Taking you back to the markets and a look at the major averages in the wake, a bounce back after four days of selling stocks in the United States, but i want to look at what is going on with rates because we had been seeing rates push lower. Five, a move higher by basis points and you can see the reaction to the earlier economic data, the employment report showing a job expansion and now yields take a five basis points to 2. 5 . Likewise, the u. S. Dollar had been selling off recently and coming back today, particularly versus the japanese yen, catching a bid in recent
Netherlands, and germany. We are 30 minutes away from the end of the session. Falling in all of these countries now. The stoxx 600 was 1. 3 earlier higher. Going downward. This is the currency column. The pound is gaining for a second day. Initially yesterday, even ahead of the confirmation that trump had won the election, we had a the swiss franc, all rose as much as 2 yesterday but those losses were overturned. Money moving into the dollar which it is doing today. We are seeing all sorts of yields rising. Yield curves in germany and france and italy on the expectation that we will see quickening inflation, possibly in the u. S. More Interest Rates hikes. Commodities, look at gold. Down by three quarters of 1 . A busy day. The biggest 5 , gain since saturday. It is the biggest Engineering Company and reported higher Fourth Quarter Fourth Quarter cash it is announced plans to spin off its health care unit. Companyss chief executive, what he has been doing is shifting the company toward
It is just past 7 00 p. M. It is just after 7 00 a. M. And hong kong. Happy early monday. This week is all about janet yellen and governor kuroda taking center stage. It seems like the boj might overshadow the fed this week. Thats right. It was an interesting time. Last night, we saw some hand in hit manhattan. More on that later. Just to see how things are kicking off so far. Consumer confidence and new minutes ago, aew recovery in the Third Quarter. The kiwi dollar flat. Meets later this week, but no change expected. Australia, five straight weeks of losses. We could see a soft open in sydney today. We are seeing a lot of Dollar Strength since friday after that better than expected inflation for august. Japan futures are pretty much flat, yen holding on. 102. 26. What will we watch in new york . Two week ramy ramy two words, the fed. We have to talk about the bombing. How is that potentially going to affect trading . Linkght now, there is no to International Terrorism. It is being pr