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
Soon. In the fast lane, aston martin plans a fiveyear trade and investment drive in china worth over 600 Million Pounds. We will speak to the ceo, next. We are less than a halfhour from the start of european trading. Take a look at futures right now. We are seeing gains across the board on the major indexes with the exception of the ibex sorry, the ftse mib and stockholm. Here on the board, ftse futures gaining 0. 4 , dax futures up 0. 5 . Lets start with some of the earnings this morning. Roche expects sales growth to slow this year. It is counting on new drugs in the pipeline to offset revenue losses in its oncology medicine. Joining us from switzerland, the ceo of roche. Welcome to the program. Thanks for joining us. About 2018 as kind of the year of the cliff edge for drugmakers, for roche especially. How well do you think these new drugs in things like hemophilia are going to offset the loss of your cancer drugs . Im very confident. If you look at the growth in 2017, the vast majo
Provide details about what the longterm relationship will look like . And the race for third place in the election. That will determine the outcome of the german government. We will be in berlin all weekend. Matt, a busy weekend for you. Plenty to think about in the markets, as well. Matt a lot going on here. Not only the election, but a marathon here in berlin that will stir things up a little bit and the gp on sunday. Futures down across the board, not huge losses for futures, but definitely red arrows. What do you see on the gmm screen . Guy lets talk about these markets. A window call on the north korean story being priced in. Is equities, yesterdays it awful. Up. 5 . Strongly the yen is back in focus. I find this fascinating. It is a safe haven despite the fact it is so close to the story geographically. The bloomberg dollar index up. 24 . Lets talk about what is happening in the commodities. , the iron ore still complex continues to sell off but gold is well bid, up. 3 . That saf
Sprint hits a snag. Mean . Ould this 60 plus holding in that business and a fixed income. Bnp paribas says it could not avoid trading slump that drag down its results. It banks cfo tells bloomberg leads to uncertainty. We are less than half an hour away from the start of european trading. There is a lot of stock stories out there to focus on this morning. We will kind of walk our way through it as we work our way to the open and get analysis as we work our way be on the open. At the moment, that looks like it will be a fairly flat one. We saw this did yesterday in the United States. Its used to be driven by this tax talk. Thats used to be the main driver. At the moment, we are looking at a mispriced to fair value. It will give us a very, very, very small open either way. So, maybe some markets down by less than 1 of 1 . Choice on that. The Market Makers have a stock specific choice. Let us talk about the gmm and what is going on around the world and give you an idea of what the picture
National Regional Parliament needs to approve a trade deal with singapore. Will it make brexit harder or easier . Easyjet firstquarter numbers , worse than expected. Is this as bad as it gets . This is the question we will put to the ceo, Carolyn Mccall. She joins us at 8 30. Matt less than a half hour away from the open. Take a look at where futures are pointing for European Equity indexes. We have a next trade, but almost no movement on futures. It almost feels like we have crested and are just hanging at the top. Global stocks yesterday rose to a record high on the promise of more spending out of china to boost global infrastructure. We saw at one point s p rising to its highest level. We saw at one point asian stocks, the nikkei touching 20,000. Things are coming off from their, but still relatively high levels, and we see futures hanging right now in the air. Take a look at the bund trade. Let me zoom in so you can get a sense of whats happened just in the past 10 minutes. Investo