Central Bank Governor mario draghi strike a hawkish tone to the market anticipates, and what will this mean for peripheral bonds. As earnings season hits. In swing, we will speak to an interview Deutsche Bank cfo at 10 00 cet. Ecb andtalk about the Deutsche Bank. Lets talk about where we are with markets. Focus on the since of direction. At this point in time there isnt much. But off with calculations for europe. Down a bit but not by much. Anbe we will see underperformance and peripheral markets, but no clear sense of direction coming through from equity markets. We are digesting what is happening, plus we will figure out whether or not draghi will provide a surprise later on. They start to the week, market feels like a distracting now. Stock little bit about what we are seeing around the world. Gmm at the moment pointing to come again, not a lot. We are watching whats happening with the nafta story. Drift in thea markets, donald trump providing a few surprises. Both points not exactl
Welcome to bloomberg daybreak europe. Breaking news coming through on the bloomberg terminal. Toshiba is set to sue western billion. Or ¥120 this is lawsuits rising. Toshiba seeks a permanent injunction against Western Digital. Developed y has talking about memory they delivered earlier. This is email saying theyre 120 billion yen. We will get more on that story and bring it to you. When it comes to rockstar central bankers, there arent many that have the ability to move markets like mario draghi. Have a look at this. This is the euro, and hes pushing it higher. Is atoomberg euro index the highs level since 2015. Look at the bottom of your screen, you will see that. You also see the bund market move aggressively as well. Thats what rocks the market. , where on track quarterly gain in six years. He has shifted the dial in terms of what we can expect from the European Central bank. The barriers to the upside of the euro are potentially getting busted and Political Risks are fading. This
Harker boosts the buck. The Philadelphia Fed president says he will not rule out that rates next month. Welcome to the program everyone. A halfhourthan away from the opening to the trade date this tuesday. Looking pretty flat on the euro stocks 50. , possibly one of the weights on the ftse 100. One of the equities that will be weighing down that particular benchmark. It is been a week performer in the hong kong session. The dax seeing a little bit weaker and the cac keeping its head above the water. Let us pull out some of the interesting moves. Over on the side we have commodities with iron or making another move higher. Highe touched on another overnight in the Asian Session for iron ore futures. A productionning cut. Of some key political gatherings and that is boosting Commodity Prices. On the left, we have the Foreign Exchange markets. We have some decent sized moves in the new zealand dollar. The bloomberg dollar index is up 0. 3 . The is harker boosting dollar headlines. Here is
Bloombergs european and quarters in london. First we have to get to the markets. This is your board. Downsidelittle bit of pressure on these european stocks, down some 0. 4 . Exchanges in austria, germany, denmark, norway, are closed for a bank holiday. This is a picture for the asiapacific index. We had some earnings that came in a little light of forecasts. Overall, the rebounded. , japanesew japan falling, Commodity Prices rallying, with crude at 40 . 85. Lets get to the bloomberg first word news with nejra cehic. Nejra norways 850 billion wealth fund will seek to join a classaction suit in germany against volkswagen following the emissions cheating scandal. Vw andd owns 1. 64 in said it is acting to safeguard its holding in the carmaker. May delayaway increase untile later in the year according to pimcos head of Portfolio Management for emerging asia. That comes as britains biggest s news lobby group cut its forecast for the u. K. Economy, saying the Eu Referendum has put a cloud o
Saunders calls for sanders calls for solidarity amid a splintered party. The question for investors, how will politics affect policy . We are less than half an hour from the european open across the board. Lets check in on the futures. We have such a great lineup with bp to keep an eye on. Not to mention sab miller. Keep an eye on that deal being rethought. 45 pounds a share, the a b offer ab offered for sab miller. It on some of the other assets and what were looking at today. It is Federal Reserve week. It is bank of japan week. The nikkei off by 1. 4 . Concerns about the amount of stimulus. Brent crude up. 2 . Money moving into the yen. That is a concern for japanese stocks. Keep an eye on this asset. David Bernie Sanders has told the Democratic Convention that Hillary Clinton must become the next u. S. President. It came after his supporters his pleas to supporters to avoid protest were ignored. What i admire most about hillary is that she never buckles under pressure. She never ta