Science and tech global summit in paris, bringing you the former French Economy minister. This is bloomberg surveillance. Im anna edwards. We have a great three hours lined up for you. Before we begin, a reminder that at ;30 bring you our weekly next . Brexit, whats the europeaneave union and many contributions from francine at the tech conference. Hello tomorrow. Plenty more from her as we go through the day. A look at here we are at the early stage of the european trading day. One hour into trading. Risk onp by 0. 9 , a attitude to markets. The chinese data yesterday was gloomy. Today a different picture. E. M. Markets in asia and into the European Equity session. We see less appetite for the japanese yen. The pound is under pressure hovering around the 1. 22 mark all morning. More tough talk from the e. U. President. No cake, only salt and vinegar. 51. 00 ade up above barrel. Harker says uncertainty stemming from the president ial election may be an argument for delaying a rate incr
Meeting. We speak exclusively with the Energy Minister from abu dhabi, just days ahead of another pivotal opec summit. A very warm welcome to bloomberg daybreak europe, right here in london. Manus. We are back together again. Im back from the desert. Lets talk about the aussie dollar. You mentioned it in the headlines, this is the second worst since 1991. The question for the markets is this, is this a flip or a trend . We had the election, brexit, a number of different factors going on. And down the aussie dollar went. Question for the markets is this, will the rva look through its week data and hold back, or will they cut rates . Theres a 75 probability they will look to the data and weight. Anna interesting how the conversation in data is turning should bel asset fiscal. That the conversation weve had in europe a lot. This is one of only four contractions the australians have witnessed in 25 years, just show how rare it is. Variousen overnight on asset classes, the msci asiapacific,
How granular will he get . We will speak to mark mobius and the ceo Michael Spencer. We are less than half an hour to the european open after yesterdays gains across the board, but take a look at where futures are pointing today. Also up. You can see the euro stoxx 50, this was yesterdays intraday trade. There is the futures trade indicating a gain of about. 7 of 1 . Dax and the cac all poised for gains. Guy lets talk about what is going on in terms of the gmm. Yesterday, the massive move yesterday in italian bonds stocks was fascinating, up four point 15 . I was told the italian market is 2. 5 Percentage Points away from a bull market. You heard me correctly. Peripheral markets did well. Spain was up. Most things are down in asia. The japanese yen down point to of 1 . The british pound also down. 2 of 1 as well. This is as we continue to watch the situation in europe unfold and we wait for the ecb and we are about the fed as well. Lets catch up on what you need to know. Heres the firs
Forecasts. The policy rate is unchanged. The central bank, in terms of Interest Rates, keeping them as they are, at 6. 25 . This is the dollar versus rupee. 57. 95, however at this point what is most significant is it has cut its 2017 Economic Growth forecast. We will get plenty more on that and market reactions, but first lets get to the first word news with nejra cehic. SharesCredit Suisse trading higher after the bank stepped off step up costcutting efforts. Down from an earlier goal of below 18 billion francs. The company lowered profit targets for its International Wealth management business and its asian division. German Industrial Production rose less than analysts forecast in october. Production, adjusted for seasonal swings, gain 0. 3 from the previous month, compared to a median estimate for a 0. 8 rise. It signals that europes largest economy took a slow start to the final quarter of the year. U. K. Prime minister has agreed to reveal more details of her plans for brexit, bu
The Covid Vaccination Programme Shifts up a gear with millions more people qualifying for the jab people in england aged 70 and over will begin receiving offers of a Coronavirus Vaccine this week. We are ramping up the Vaccination Programme every week, theres more Vaccines Available this week and its important we get through those top Priority Groups as quickly as possible, and the most effective way of doing that is to keep the focus on the over 80 year olds, but then start to vaccinate the over 70 year olds as well. With those listed as clinically extremely vulnerable also qualifying well be giving more details. Also this lunchtime. New travel restrictions International Passengers must now test negative for coronavirus if travelling to the uk under pressure borisjohnson is urged to give millions of families a helping hand and extend benefit
increases worth £20 a week on shift with a Welsh Ambulance crew we go behind the scenes to see how theyre coping during the pandemic cricket and