Speech this morning. And alibabas ambition. The chairman tells bloomberg the Company Needs to embrace a to globalmindset expansion. Matt less than half an hour from the start of stock trading here in europe. We are already trading bunds. Futures down across the board. You dont see a lot of enthusiasm for risk assets there. If you look at bunds, you see a little buying but make change ofs screen to a oneday shot what has been stuck in a tight range. 0. 407. Still at just a tiny bit under where we were at the close yesterday. Arent really moving, equities arent really moving. In fact, from the korea story, it doesnt seem like anything is moving. It is still the bank of england pushing markets around a little bit. Guy i think the market had anticipated we would get this missile fired at some point. We thought it would be last weekend, we got a risk rally round of the fact it didnt happen. The market got used to the idea and when the missile was finally pushed into the air, as a result, we
David right, a big week for markets. Japan is closed. Have a look at where we are. We talked about 2500 on the s p 500. Asian shares are at a 10 year high. Where does that take us . Have a look at this chart. You the ups and downs of momentum. Might haveare that pushed it below trendline in early july. Rsi almost dipping below 40, but rebounded nicely. This shows you that the bull market remains intact. Japan is shut, some not a lot of updates. It is still risk on. Not a lot of appetite for haven at the moment your it could at the moment. It could change this week. Lets get you to the open up markets. Sophie is tracking all the moves monday morning. Sophie the flavor this morning is risk on. Singapore joining the upswing along with the taiex. The malaysian ftse down. Haven assets, the yen and gold on the back foot. The dollar rebounding from the drop on friday. The yen is down. 3 . This could be the unwinding of positions. We are seeing liquidity given it is a holiday. The key data poi
Straight tos get stories, these arrests in saudi arabia. What we have his shocking news out of the kingdom. Chart 9472,off with stories not situation normal. Profilest of high individuals. Of. 3 . Gain the chart showing the situation allnything but normal below coverages. Kingdom holdings is the company who wasg to the prince taken into custody. He is the worlds 50th richest man. That stock was down as much as 8 . People looking very closely at the situation there. We will continue looking closely and the implications or investors as we look ahead to this aramco listing. One of our analysts that we spoke to pointing out the domestic perception of what this is is different to the international reactions. We will big deeper into that story. The markets are waking up to a brandnew week. Some pentup demand having been away on friday. Sophie after that three day weekend, japanese stocks mixed to start for the region after u. S. Stocks capped the longest streak of gains since 2013. Earnings
Daybreak europe live from london. I am anna edwards. Manus i am manus cranny. A phenomenal tax plan, trump acknowledging the one china policy, a triptych, three markets, bank, bank, bank. The dow. Aq and who is benefiting . Those who have the most to benefit from tax. By 5 . Ity dropped the dollar is rocky, up for an eight day. Dollarsgan says eight depending on the details. We dont know what this tax plan will look like. Trump has said it will be phenomenal. Will it be the border tax adjustment favored by House Speaker paul ryan. We will discuss that during the program. Some breaking news from q4 1. 6 4 billion, looking better than estimates, full gear Sales Numbers missing estimates it would appear. 56. 8 billion. That one looks a little bit lighter. The aren ors on shipments, steel shipments, and various other metrics. Net debt increasing to 11. 1 manus as of december the proclivity for risk showing up. Lets check out the board here it you have some big movers on , thequity side and
7 00 if youre watching in amsterdam. Get to the phillips breaking numbers. , 374 quarter adjusted million euros. They are saying that the lighting separation process is well on track and that is a key topic of conversation. They are trying to exit the lighting business. Whether that is an ipo or a sale. How well is the medical equipment part of the business doing as they are trying to suffer out the lighting separate out the lighting part . They are looking to streamline their costs, adding on Servicing Agreements and incorporating more technology into their health care products. They have hired banks to prepare for this possible ipo of the liking business. We will speak to the chairman and ceo at ex 40 this morning on countdown. Just for a little bit of comparison, that revenue number looks to be ahead of estimates. That is the Early Morning earnings season that started monday. Over in asia, a conversation a combination of oil prices and a strengthening yen. Lets put that in a little