Very good morning, everybody. Warm welcome to daybreak europe. Lets check out the markets. Picking up where we left off. The mse i asiapacific eating out further gains. We touched alltime highs in the United States in fridays session. We did have some action to talk about. , a yen is steadier now little bit weaker against the u. S. Dollar. We have seen a move higher in the japanese currency. Had the bank of japans governor corona guided the market higher, when he was at demos, apparently not. He was not changing his stance, changing his forecast. Busy one. It will be a we have a dollar a little bit stronger, which makes a change after seven weeks of losses. It will be a busy week. Yellen is in her last week of the fed. Lots of data including jobs data and a state of the Union Address i President Trump. The metal price for you, this is zinc. We could have shown you others, the zinc is up 2. 3 . Because of the weeks dollar affect, lme inventories coming down and thats something that is f
Well. How it the euro is performing. We are at one dollar 1016. The emergency button. We are trading 2 lower. In terms of concern. It has been seen as a haven. I want to look at the u. S. That. Money u. S. Debt. Money moving into treasuries this morning. Chinese bonds have been rallying. Similar in japan and germany. We are looking for that safety right now. Money tentatively starting to go back into italy. Hope that we might see some sort of deal struck in greece. Finance ministers talking about all of this. Let us look quickly at all of the stocks. Barclays up 2. 6 . Euphoria potentially did when barkley comes out with his earnings, it may benefit. Potentially more restructuring to come. John mcfarlane immediately making this changes, deciding to get rid of the chief executive Antony Jenkins. He will be the interim ceo. This particular drug maker higher. Done by 3 . Down by 3 . They reduce their forecast for organic sales for the year. Downgrading their forecast. Down goes the stock,
Welcome to countdown. Its 6 00 in london. Another day, another story out of china lets start with the chinese equity markets. This is a picture of the shanghai composition, your today. Shanghai compensate, your ear to date. What have we lost so far on this Chinese Market . We have lost 3. 9 trillion worth of value in less than a month. Such is the level of trading halts we are seeing on the Chinese Market. The latest government headline is being described as an act of desperation. Lets talk about the u. S. Equity markets a number of issues. We saw the u. S. Equity markets fully open for the last hour of trading. The nyse suffered a threehour trading hold because of the software update. Other trading was open all the way through the afternoon session. Still, amazing developments we will come back to that. The fact that we saw the fed concerned about greece in china, that weighed on stocks. Lets talk a little bit about what happened in the Asian Session today. Chinas stocks are up and tr
The last three months. We see volumes about a third lower than usual, so take it as you will. Past a 200 Day Moving Average . Will we see the selloff, particularly in the auto sector, the export sector . Bmw is saying that it has been hit by the terrible explosion we saw in china. . Italy is opening up 3 10 of a percent lower. There is a risk of the selloff even as we get toward that deal with greece. The finance minister of germany is saying they will back the greek deal, but its not giving much appetite for buying equities, or with the euro which is coming off session lows. Seeing the euro lower and a commodities base continuing to feel the pain. You are seeing a lot of concern about asia and the emerging a continuousontinuous selloff adding to the pressure in terms of thailands economy. 50 billion or so in terms of tourism. We could see the selloff and commodities, with oil up by a tenths of a percent. Trade at the moment and that is feeding into european equities. This is an Oil Se
London. Matt i am matt miller dropping in for a couple of days to keep you company. Have you here in london. We are going to talk more about the general state of the market, what trump is doing on capitol hill and what that tells us about his ability to pass legislation. Lets rely, we saw yesterday around london and westminster and the lack of reaction in equity markets and markets in general. This is the ftse 100 standing firm, facing down against that terror threat. We saw at around 2 45 p. M. Yesterday london time the first news coming through of the attack and westminster and westminster. It took some time to regain lost ground. Facing down that terrorist threat. The equity market, the sell off easing a little bit as we work to see what President Trump can deliver. Matt congress will vote on the Health Care Bill later and investors are holding off on making any bets until they see about the mandate of President Trump on capitol hill. Lets take a look at the other asset classes. We