A little bit of movement when it comes to the stoxx 600. Its gaining 0. 8 . A lot of investors are trying to figure out if the encouraging Economic Growth from last week will continue. We are exposing data out of the eurozone. For the first time in a long time i have decided to look at the korean won. This is after the central bank said they could intervene. You could see, currently at 1066. We will talk fed and risks to the global economy. Plus, we talk geopolitics with daniel tenenbaum. And we have the exclusive interview throughout the program. We bring you our conversation ermotti. Io reporter after a year marked by a disaster and snap election, theresa may is looking to enter 2018 on a stronger footing. The british from minister ended months of speculation and concern for the Cabinet Reshuffle. It is no surprise. Damien greens departure means some changes have to be made in i will be making some changes. Reporter the u. S. Federal reserve will need to pick up the medce as the slam
Good morning, everyone, and welcome to bloomberg surveillance. I am Francine Lacqua in london. 0. 6 . 600 gained there is a fine thing going on in the market. If we look at last week, there was a huge volatility reserve. Have yields rising equities rising at 12 eurodollar, 1. 2492. The yen, we have a lot going on in the japanese market. Coming up on bloomberg , we have an interview with the Standard Life ceo, Martin Gilbert, after shares were hit this morning. , we are joined by the ceo gen. We also speak with diego entini, formerly of amazon and lets get to first word news with nejra cehic. Nejra president zuma has resigned, ending a 10year run hard by scandals. He disagreed with the ancs decision to throw him out, calling his treatment unfair. They must ric choose a replacement for him in 30 days. In mylife should be lost name command also, the anc should never be divided in my name. To thetherefore come decision to resign as president of the republic with immediate effect. Nejra Pre
Anna good morning, everyone. This is bloomberg daybreak europe. Breaking headlines from switzerland. Newing authorization of a Share Buyback program. The backward looking numbers netting. This comes in ahead of estimates. This is a year where we have heard from many of the insurance the backward lookingcompanies py natural disasters including forest fires in california and earthquakes and mexico. The only positive from the business perspective from all of that for the insurance sector is willthere is hope this lead to falling prices. That is one thing we are watching out for when we hear lead to falling prices. From swiss re. Regarding softbank, they have confirmed that they do have some interest in it. It is trying to turn it into a technology investor. It wants to purchase as much as a third of the swiss re business. They say they are in discussion softbank on a potential minority investment. We will continue to watch those headlines. Let us get an update on the markets overall. Let
I think what is different today is coming out the crisis, what youve seen banks do, is go back to their basics or go back to the areas they believe they have a competitive advantage. And that competitive advantages oftentimes steeped in scale. When we think of scale and whether scales in markets or Business Bank its or many business. Todays age of Slower Growth and more regulation, if you dont have scale, the odds are you cant buy it. You are not seeing big banks get bigger through acquisition. You have to build it. Slower growth, its tougher to do. ,hat weve seen is the industry in many ways, pull back to areas of strengths. Youve ended up with very different Business Models, which in itself are far more resilient. We can use different examples of firms out there in terms of how they change. Examples, cities as we are not an insurance company. We are not an asset manager. Were not a hedge fund. We are not any of those things. Were simply a bank. Thats the scale that we have pulled bac
High. We will get the view from Goldman Sachs. There are record deliveries for airbus. We will speak to the ceos of both companies this morning. Matt remember how inflation scared markets into a massive selloff a couple of weeks ago . Yesterday we got the strongest month over month cpi numbers 12 12 years anders in u. S. Stocks rallied. You saw a spike in treasury yields. Take a look at the 10 year here. You can see just a massive yields. In treasury the yield has gone up, as investors sell the debt. That makes sense if you expect more increases from the federal reserve. The question is, what happened to stocks . Guy i dont think that you or i could even bother to explain. The yen is really strongly bid, so the dollar continues to go down. The strong concerns see currency out of japan does not seem to be bothering the authorities. Kei wask kind nic also trading higher. Is big this morning, gasoline is also. With parsing a bid we are seeing a bid coming through on some of the muscles. W