Good morning, welcome to bloomberg daybreak europe. Im anna edwards. Morning, a lot going on today and the Global Market maybe is the turnaround, that i guess is your top story anna . Dont call it a comeback, not yet. U. S. Futures point higher as we said in our headline. An interesting idea as to why there was not as much conviction to the downside as we had assumed, given what we were seeing in markets. Saw the dipsys we open up at the start of the trading session reduced as we went through the day. Corporate earnings, the number of company saying the profits will be beat estimates. 1. 21, the highest since 2010. Optimistics,ceos meaning many investors thought they were able to disregard concerns of geopolitics and north korea. Highyield credit and the fed, getting back in usingbuying opportunities. What is the broader risk radar . Just looking at the nikkei, not as broad as the to pix. Over the last six days it had fallen. Today its bouncing back up for the first day in seven. 1. 5
Meanwhile, treasury yields climb ahead of a quarter trillion dollars of auction this week. Anna and a brexit backup plan. Theresa may is said to be preparing to withhold aliens and eu payments if the bloc doesnt play ball on trade. Anna good morning, this is bloomberg daybreak europe. Lets get straight into the market auction. We will have more from the finance director shortly. Msci being weighed down this morning, part of it is hsbc, where we see negative reaction coming through to that earnings statement, in particular the pretax profit numbers and shared by backstory. We will get a lot more detail in a moment. We are down by. 6 overall in the asian session. Remember that china and taiwan are still close, but most of the asian indexes are in negative territory. Hong kong had its head above water the earlier, that has come to the downside. One thing we are focusing on as we get closer to the u. S. Session is u. S. 10 year yields. And that ofove 2. 9, course throws into focus the big
25 . That is not the big number. It is boosting its dividend by a whopping 38 . The market wanted more. It is a big week for a bonds as treasuries reopen. Will investors drive the 10 year through 3 . Good morning. Lets talk about these markets and get into the details of what you need to know. The fair value london fairly flat. Interesting to see how hsbc opens. It will be interesting to see how bhp opens. Bhp really flat. Hsbc trading lower. That is the picture. That is the set up into europe. Lets take a look that dmx talk about asian trade is going. Hong kong dominated by what happened with hsbc. Korea, indonesia trading softer. Europe generally a little bit softer. The dollar is trading higher. That is something to Pay Attention to. This is what some of the asian currencies are doing right now. Interesting. Is iron ore is where the weakness lay in the numbers. Copper is well bid. You got some of the Agricultural Prices coming back. They have been on a great run. We are going to tal
Daybreak europe. We have a stacked up show to you today for you today. Our guests include john redwood and Charles Stanley. At Charles Stanley. We have a ceo joining us for an exclusive interview. We will talk about brexit. Manus lets talk about the market. You are seeing yuki equity futures getting higher. U. K. Equity futures getting higher. The havens are strong your the havens are strong. The yen is up for the second day. It is up point 1 . It is up. 1 . The white line is the swiss franc. You are seeing the haven potentially of choice. It seems to be getting popularity. One week volatility climbing above the yen. Think about japan, the proximity to real or threatened danger. For perhaps raises the risk yen versus the swiss franc. Where do you want your haven of choice to be . Anna does the yen lose a little bit of its glass as a haven . Haven . S as a in all talk to jane foley moment about that. A slightly odd trading session. People said it might take some time to unwind Political
Recess with plenty of things on the agenda. How volatile will september be . A key question for investors. What does this mean for the European Aerospace industry . It is a big deal. We are going to take a look at the supply chain and check out what it means for not only airbus but boeing as well. Lets look a gmm. What is interesting is that equities have sold up a little bit. The yen as well bid. You can see the relationship there. The rba was interesting. The aussie dollar up. 2 . The swiss franc is continuing to climb as well. What is interesting, remember the yen and swiss franc theres something missing . Gold. Gold looks like it is running out of steam a little bit relative to the other safe havens. While the yen and swiss franc have bid, gold doesnt seem to be catching the same level of attention. 8 . Ore is up by lets took about what is happening with the equity markets. Lets take a look at the fair value on your bloomberg. Where the u. S. Is going to open a little later on. 50,