Into 20 20 into an effort to counter the u. S. Shale boom. Italy agrees to cut budget plans to fit your rules but the lock conflicted still over who should be president. Welcome to the program. The European Equity markets opening up in 29 debts. Lets have a look at pictures. After positivity, a slightly different picture. We are expecting to see some modest gains at the start of the trading day. To theyoking at the gmm were closed yesterday and they in reacting to developments the truce in the trade conflict between the u. S. And china. More mixed and we do have weakness coming through in a number of emergingmarket currencies, certainly in korea. That is part of the story. It would be difficult to follow on from the bullishness. A new record high on the s p. President trump says talks with china have restarted. That was a positive story. Details from the u. S. To we will get that story. U. S. Equity yen and futures and treasuries a little bit. Dollar andge in the the trading day. Lets
Tenyear. But get you up to speed on top stories. Is taylor riggs. Federal reserve policymakers signaling there will likely be an increase next month. Their most recent meeting shows that officials are looking for stronger science of their rights. Want people want to see inflation on an upward path before another rate hike. Tomorrow, zimbabwe gets the first their first new president for a few decades. The the new could country as a democracy. He had fled after being president bite fired fired by president robert who got a, who will not face prosecution. In the u. K. , conservative party makers are delighted with a by hammond, who targeted Younger Voters with tax biggestand promised the Homebuilding Program in almost five decades. Conservatives lost over brexit. In germany, chancellor Angela Merkel make it a partial lifeline from democrats. Social democrat leader Martin Schultz is prepared to offer a limited support for a fourth term. According to people familiar with this plan, schultz
Talks and rising inflation are two thorny issues. Have a look at where european equities are trading, under 30 minutes until the end of the session. Greece is up 1. 5 . Italy is lower, 1. 3 lower. Ost markets trading down we are awaiting the outcome of the fomc meeting in three hours. Fx sovereign bonds, commodities, and cbs are your final columns. One of the movers of the day, shares up 2 , the biggest clothing retail stegner signaling growth is slowing this the owner ascating having a good start to the Christmas Holiday season. Revenue advancing 13 to the start of the fourth quarter, excluding currency shifts. Third quarter earnings in line with expectations. Lets talk about italy. The ftse still looking cheap compared with european peers. The benchmark is poised to close as europes best performing major market, on call for its best annual performance since 2009 when it rose 19 . Analysts expect the trend to continue next year. A general election and possibility of political gridlock
We are without the United States. President s day in the u. S. That means a lot of participants stateside but we also see reduced trading over the Asian Session as well. We saw the asian equities session with the nikkei moving higher, 1. 8 . A little higher a little harder to make any headway. More will get to more that. Our focus on what we are doing in europe because without the United States and the chinese and hong kong markets are closed. Thats get the first word news update. President trump spent the weekend criticizing everyone but russia for meddling. He tweeted 14 times over 24 hours criticizing the fbi, democrats and special counsel Robert Muellers investigation. They came after his sweeping indictment of 13 russians for allegedly leading social media efforts to attack trump rival, hillary clinton. In florida, students at the high school where 17 people were shot and killed are speaking out or gun control. They plan to organize antigun violence marches for next month. In the
Euro economy needs. We will hear from the fed chair janet yellen today. Welcome to bloomberg daybreak our flagship morning show right here in london. In a half hour time we will be , renato luliaceo jacob. T is another deal this time a 4ll explore options for billion drugmaker. Have alvin gentry alvogen , along with under other owners exploring options. The deal size could beat 4 billion. Aplenty. Als alvogenot unilever and on the pharma could pharmaceutical side. The u. S. Is wargaming four or five scenarios dealing with north korea. A clear message came through. We are not, and have not, declared war. Youhe bottom of your screen see a drop in value. The yuane falls as falls, they are holding back. , we areh korean won coming back. The white house has said we have not declared war on north korea. You have a cabinet response versus the trump rhetoric. The market is saying we are not running away on the runaway train of war in the markets. It is reflected in the risk rate of stocks. A l