Region. Where mark mobius is putting his money. In stocks, and by the way, gold. Think about it. If you are not getting anything in the bank at these low rates, it makes sense to have gold in your portfolio. Anna missing out on the everything rally. Boil weakens and iron ore slumps as much as 4 in singapore amid supply concerns. Watch miners at the start of european trade. We are less than half an hour from the start. Welcome to the market open. We are without the u. S. Today, independence today. Lets look at where futures put markets on european trade. Lackluster in comparison to stateside yesterday but we joined in with some of the rally in europe yesterday. Cac futures, ftse futures, dax in the green but not by much. Be aware of low volume. Happens with lowvolume. In the Asian Session on the bloomberg, giving us a picture on the gmm function. Volume pretty low, investors thinking about the record highs we have seen on stocks in the united dates. Also thinking about the b readth of t
Watching us from the united states. These are your markets. We are seeing a bit of a lift to european stocks, actually, not so much. They were lifting, but now they are flat. About 56. 65 after that opec plus meeting. Gold is down a touch. Remember, because it is fourth of july in the u. S. , treasury markets are closed. Coming up, dont miss our coverage of the boston pops fireworks spectacular, it is a bloomberg special and starts at 8 p. M. New york time. So if youre watching from asia or europe, its definitely worth it. Lets get straight to bloomberg first word news. The tanks are ready to go and the fighter jets are set. All part of President Trumps changes to the traditional fourth of July Celebration on the National Mall. The present will speak from the steps of the Lincoln Memorial and critics say he is turning the event into a campaign rally. President trump warned iran against stepping up uranium enrichment. Iran says it will restart the model reactor if europe fails to offer
Tom good morning, this is bloomberg daybreak europe. These other stories that set your agenda. Japans two year yield jumps to its highest since 2011 after inflation comes in hot. Theres an 80 chance negative rates will end by april. President biden says a ceasefire between israel and hamas could be secured as soonest monday. Plus, french president Emmanuel Macron says sending western troops ukraine cannot be ruled out. That as sweden gets final approval to join nato. We move away for the geopolitics to look at the earnings story right now. The front Space Company has around 950,000 corporate clients in terms of the focus on vouchers and on the Human Resources part of the business. Coming through with fourthquarter operating revenues above the estimates, 655 Million Euros, slightly above the estimates of 600 62 one Million Euros for the full year. Coming in just above the estimates, a little over one billion euros. 1. 0 9 billion euros. The estimates had been for one point zero 8 billio
Bloomberg, im Tom Mackenzie. Asia has struggles after the s p hits another record. European futures are flat. In the u. K. , crucial data is due , Andrew Bailey expects quite a drop as the Central Bank Ways weather to cut rates. The next move will be a cut. The question is how long we have to maintain this level of restriction. Tom divergence grows and fed officials reaffirm the higher for longer approach. Christine lagarde says there is a strong likelihood of a cut. Lets check in on these markets. The fed reiterating higher for longer. European futures are flat, s p notching the 24th record high this year by the end of the close yesterday. And the volatility in focus ahead of an nvidia earnings with market suggesting 8 moves depending on what comes through from the maker of Semi Conductors. European futures with modest gains. Ftse 100 adding 12 points. S p unchanged, nasdaq pushed higher, 18,000, a modest gain. It will be sensitive to earnings. The pound is in focus. Headline around 2
It has just gone 6 00 a. M. Let us talk about the big centralbank agenda. Bothoj and the fed starting their deliberations today. We will get the results of those biblical of those deliberations tomorrow. Itremind us if we needed that the yen has shrugged off the bojs stimulus efforts. The yen dollar rates in the white showing the yen strengthening since the january perio. The bank of japan now moving the negative rate in january. And we had the brexit vote. Showing how the japanese currency is over the whole period, gained in value. As toists are still split whether the boj will do more or not. Let us look at how we are trading. The central bank the liberations in focus. Msc i asia is up. Back in play. Topix is up. There is a discrepancy at about speculation that the boj versusurchase more topix nikkei stocks. The dollar index is fairly flat as we head towards the fed decision. The work of function showing 20 probability for september and 56 for december. The december number has edged