From beijing that will travel to washington. Manus warm welcome to daybreak europe. The world wiccans up to reassess where we are with geopolitical risks. The iranian response is interesting. We see them withdrawal, verbally withdrawal from the nuclear agreement. Responseheir first rather than a tactical hit. Nejra yeah, absolutely. And in terms of hits, one of the things the oil market is trying to assess is whether we get risk to supply. It reverberates, not just equities and commodities. But weve seen flattening in the yield curve. Manus we have indeed. It was worths worse before christmas. To the gold market, Goldman Sachs say this is your preferred mechanism for hedging. You are looking at a very large range of scenarios coming to play. Its better to use than the oil market, 1600 rocks for them. Bux for 6,000 for them. For them. The price could rise another three to 10. They warn of heightened missile attacks at military bases. The havens are performing as you would expect, which
Said to be sweetening the deal in dubai. Fany saudi aramco meets investors as it looks to boost support for its mega ipo. It is bloomberg daybreak europe. We are live from dubai. Nejra cehic is having a wellearned day away from the mayhem and the carnage that there is in the bitcoin market. Day nine of a drop. A battering and value. Sub 7000. The pboc warning people away from bitcoin. What needs to happen to get bitcoin back on a rally, may be a complete drop in trade negotiations. Deal. Phase one committed to phase two and three. The two other risk markets, ground zero for trade for the aussie dollar and the won. Do we have those markets . Lets have a look at them. The dollar down, the yuan strengthening. Won rallies. The chinese playing to the hawks. The policy hawks. Up a twohe oil market month high. The daily machinations of trade drive the markets. To the u. K. , Boris Johnson unveiled a Safety First Program of policies in the partys election manifesto. Brexit boxnending set drama
Rbf and barclays to follow. Today, we hear from the cfo of Software Giant sap. Welcome to bloomberg daybreak europe. Has described Boris Johnsons situation this morning looking at a fruit tree but unable to eat or drink anything. He is going to try and put a meaningful vote to parliament today. Speculation is he may have those votes by just 16 in terms of that amendment. And then we look ahead to this week. If we get a vote, we asked whether it will pass. Optimismms to be some in the market. Sterling is softer today but the drop of. 5 , nothing compared to the gain of 5 this month. Votef them saying a was passed this week. , credit of strategists agricole, we could see 136 in the mediumterm. One week volatility staying elevated near the 2016 highs. Manus. Manus that is the conversation we had yesterday. He said a lot of the risk is in the Options Market, not in the spot market. Hard brexit risk runs for the rest of 20 20. Even if he gets a deal over the line because he has a lot of tra
U. S. President donald trump says the fed should cut rates by a full percentage points. Im not saying there are not circumstances in which i would be willing to ease. I just want to see evidence we are going into something that is more of a slowdown. Growing at 2 , im not as worried about that. Another reprieve for huawei. Riskon sentiment for stocks. Mark mobius says it is better to go for gold. I think you have to be buying it frankly. The gold longterm prospect is up and up. The money supply is up and up. Matt bhp investor bonanza, the worlds biggest miner boosted its dividend while warning on raw material prices. Mckenzie says it bhp can weather any storm. Ready for whatever the road might throw at us. Downturn,fit from a lot moren also get a cash in an upturn. Matt a halfhour away from the start of European Equity index trading. First, u. S. Treasury yields continue to rise. This is up 1. 59 . Over three days, it is rising. Today we see from yesterdays close, a couple basis points
Traded deal with india and japan. Asian stocks slip ahead of saturdays meeting with xi jinping. Americas biggest banks have promised to boost payouts after all 18 aced the fed stress test. Deutsche bank had a surprise pass. Switzerland is set to block trading of its shares in the eu after treaty talks with russells failed with brussels failed. Matt good morning. I want to draw your attention to something that is market related but not a driving force. Still, i think an incredibly interesting move. This is just a threeday chart of bitcoin. We started at 11,000, went up to 14,000, then back down to 10,000. Just massive moves. Gratzrd from michael nola that he had wished he sold more on wednesday. His comments could be one of the things that weight on bitcoin in yesterdays session. Incredible to see a 30 moved in the price of bitcoin. We see a mixed picture if we look at european futures just about 30 minutes away from the start of trading. Dax futures are gaining right now. You will see