Welcome to bloomberg daybreak europe. Risk off in todays session and red on the screen. Below the surface, most of the indices are in the red after President Trump signs the bill supporting hong kong processors. The question is if this will impact on the market. It yesterday we saw the s p 500, dow, and nasdaq hit a record high for a Third Straight day. We saw a little bit of a decline in personal spending. Gdp Growth Holding up. Foot,utures on the back but expected liquidity in stock and bond markets. We did see the 10 year treasury yield up yesterday, and the dollar strengthened for a seventh straight session, hitting a sixweek high. The yen unchanged at the moment, but we have seen the yen balance back as a safe haven bid because of concerns around u. S. And china trade. Hitting a oneweek high after a key poll in the u. K. , very good at predicting the 2017 election, showing the conservative Party Heading for a majority. Oil, a little soft. To the hong kong story, President Trump ha
Anna a warm welcome to bloomberg daybreak europe. Were here in the city of london. Manus well get straight into breaking news. Anna merck numbers coming through, First Quarter numbers from the German Health care business, matching estimates. Billion, 3. 83. 8 6 had been estimated. , interestingbitda to see what they say about the outlook. This is been a year that has been pivotal for merck. The Health Care Unit has made steps forward with its first new drug in more than a decade. It was clear tos sale in the u. S. Or quickly than expected. Thats where the focus will be. May put itssaid it three divisions into subsidiaries. We will keep and ill these numbers coming through and will be speaking to the management of this company a little bit later on coming up today in programming on bloomberg. They see fullyear net sales of 50. 5 going to 16 billion. Their are sticking to gut. Lets look at the list that we run here in bloomberg. The risk off sentiment grip the market yesterday. Wall stre
Thethe allegation that [inaudible] has been involved in a scheme. Be talking to the german lender. Matt absolutely. Very interesting plunges yesterday across equity indexes especially in the u. S. Where we saw markets down almost 2 . The nasdaq down 2. 5 . Do you buy the debt . And here in europe at least we see futures still down although only by a little bit. 2 of 1 . 1 10 of a percent. S p futures have turned around so it looks like Equity Investors are not overly concerned or not concerned at least that the plunges in the u. S. And in brazil are warranted here in europe again today. Guy we have priced of it in yesterday but not all of it. That is what markets are reacting to. Lets look at the gmm. You can see the s p 500 move down 1. 8 2 . We recovered a little bit but we have not recovered all of it and that is significant. Other markets are following suit. The dollar is bid, the dollar index is up and the yen is up by one point 5 . The euro is down but it is trading north of 111.
Exit balancing act. Mark carney walks the line between growth and inflation. How does the boe make policy in the dark . And the year of suspense. The fed takes the pressure off the frank but what does a 2017 political upheaval ahead mean for this safe haven trade question mark lets talk a little bit about where we stand in terms of the markets right now. The futures trade, were looking at the ftse which is absolutely flat as we watch what is happening. Lets talk about the next trade. What is going on with the smb today . The snb are expecting to hold that they are at a 75 basis points on their key rate. The important thing i think for the resident was him i will be speaking later this morning is that not only did the fed raise rates but they pushed up there dot plot. The expectations from the fed interestratee increases in 2017 and that kind of normalization makes his job little bit easier. It takes some of the pressure off the swiss franc as a safe haven currency and it does not have
I am tracy alloway. This is Bloomberg Markets middle east. We have to talk about Donald Trumps executive order. Temporaryudges have block to the Trump Administration from enforcing that executive order that would have led to the deportation of refugees and visa holders. The order has led to people being detained at airports across the country and has raised anger across the globe. Let me see if i can start with a chart i prepared for this segment. This is one of my favorite indexes. U. S. Migration fear index, a count of certain words in news stories associated with fear around immigration. It is at a record high after trump won the election, so if we assume that text of this executive order has not been stringent enough to make people certain of what it allows and does not allow, it seems like it has been open to interpretation, and given that environment and the worries over migration, it seems like that is causing a lot of problems right now. That is exactly right. The issue is that