Dani good morning, welcome to daybreak europe. Lets get the top stories that set your agenda. The u. S. Bowing. Or for israel but not everyone is on board. Turkish president erdogan criticizing the move. Elsewhere treasury yields drop with some of the biggest margins this year and hope the fed may be done with raising Interest Rates. Plus we look at one of the biggest luxury goods makers in europe as demand cools, on the other hand the micro market for microchips may have turned the corner. We dive into the numbers. Those are your major market headlines. There are a lot of geopolitical factors, what is it mean when you look at the Bigger Picture . Simply the idea that youre looking at a drop in risk sentiment, it comes a little bit from asia but the idea of the geopolitical volatility right now, what is interesting is that europe did rally by a big amount yesterday. It might simply be a little bit of a paring back, remember we also got those sales numbers, the heavyweight in the euro s
Streak in many years. The u. S. 10 year yield is rising but it had been the higher, 43566. It went that hyatt some point in that the highest level since 2007. It has come back a little but its still rising. The bloomberg u. S. Dollar index has beens however has been hovering around that range for weeks. Nymex crude was around 93 per barrel and still positive but 9184 right now. Jon investors have to assess what higher oil means amid energy stocks. Im watching stories tied to outlooks because within the Dow Jones Industrial average, disney has been the worst performer down 3 after the test they disclose big Spending Plans for the theme parks over the next deep debt decade upwards of 60 billion in some saw the spending where there is a lot of costcutting. Citibank suggested its a bit over blown. The outlook for starbucks in chinas getting attention because there was a note suggesting the outlook for that market might be more challenged than some analysts and investors think and they are
Brussels after a significant defeat forcing to give parliament a vote on the final deal. We are live at the summit. Security soft where maker jim wil focus onto accelerating growth. Lmatt where less than half a note half an hour away from the open. Much Central Bank News, volatility at a low level. We do not see much direction, direction but not much size as far as futures are concerned. Down across the board but only fairly small moves with the exception of when you get into the dax. Enter frankford a drop of one third of 1 . Take a look at oil. Interesting today, everyone is focused on rates, people will be focused on currency and stocks. Do not take your eye off oil. This is a threeday trade of nymex crude here crude. We are down 2. 5 as u. S. Output has risen to a 30 year high. Eight weeks in a row of gains for oil. Watch this space. I am behind you. Lets talk about the gmm and figure out what is happening. And what has been happening in some of the equity markets. Switzerland more
And the administrations plan to ease regulation. Have a look at european equities, a different color on the wonderful gmm function. Yesterday this was a sea of red. The biggest increase for europes benchmarks is stoxx 600 since april of 2017. The gauge is rising for the first day in seven. We saw a big decline yesterday of the magnitude of 2. 4 , to the love was level since the end of august. Oflowest level since the end august. Currencies falling against the dollar, bond yields declining and the german tenyear is higher. Lets get to some of the earnings, profits fell more than expected last quarter from a company that lost patent protection when its blockbuster insulin, the impact from recently made acquisitions. Billione more than 16 of deals last month and shares down 1. 5 . Rio tinto with shares up 9 10 of 1 , the number two minor. It raised dividend payments. It says it will extend a Share Buyback program, responding to a request from shareholders like blackrock. Underlying profit
Buying and half next year. In half next year. Matt, good morning. You. Good morning to pleasure working with you on this friday. There was a lot going on, especially in this part of the world. We have some moves on the ftse, down. 2 in futures. We are looking at equity index futures. Dac and cac ore euro stocks at large. There are interesting stories if you look deeper into the trade. Take aas the risk move, look. I have 10year treasurys up right now. U. S. Treasuries show you what investors think. This is the last three days. We have the yield continuing to come down, down, down over the last three days. Remember bill gross said we need throught go up 2. 4 and that before the 30 year bond bull market is over. We are nowhere near that. I am going to show you the bitcoin price. A threemonth chart, but if you look at it, yeartodate, and i will put that appear, i will put that up here, up over fivefold. Think of what it is up against, jamie dimon says it is a fraud. It might split again.