Good morning, everyone want to kick things off with a bit of data in the form of the eu pmi numbers the german manufacturing number posting more solid growth in july the french number showing another sixyear high. And once again were still waiting for the pmi numbers. We will bring those to you as soon as we get them. Let me double check whether theyre out. Not for the time being but well bring them to you as we get them. When it comes to european markets, we are broadly higher xetra dax up by 0. 2 ftse 100 is up by three quarts over a percent thats very much driven by the oil and gas story. Thats one of the best performers sectorwise lets flip over to the sectors here you go. Oil and gas is very much outperforming. This is on the back of Higher Oil Prices this morning, but also the profit beat coming from bp lets talk about that. Higher oil prices and deep every cost cuts have helped bp to a Second Quarter profit beat the british oil giant reported a 10 rise in production that would t
Anna a very warm welcome to bloomberg. It is a break europe. I am anna edwards in london. Manus cranny is over in dubai. This time yesterday we were watching the 10 year yields trying to get up to 2. 5 . It is currently at 2. 469. We need to focus in on the options yesterday. Was 44 billion of paper brought to the market yesterday. We traded up to 2. 5 . If the dollar continuing to march higher . Pausing the bond market will the bond market pause . The demand for threeyear paper was the lowest since 2009 but the demand for 10 year paper that jumped up a little bit. 2. 39 . You are seeing the complexion of the buyers and the seller straight the big question is has the bond market selloff run its course . Look at the japanese government bonds this morning. 30 year government bonds in japan. At. 80 . Up the marches the highest since march 2014. Are there sufficient buyers out there . Trade been reflation placed in . Riced in . Ace let anna let us put up the risk radar. Equitytouch on the
Tomorrow. We have great interviews. Will president elect trumpish escher in protectionism, and what will it mean for global trade . We speak to the owner of the Worlds Largest container shipping line. Plus, is the Banking Industry headed for an uber loan . We talk about bitcoin, Cyber Security, and disrupting the banks with the former barclays ceo and the block chain cofounder, later in the show. Gett things first lets to the data check. We have a special guest from asia. This is the picture of these markets. Breaking news out of the iea, saying the opec deal will create on oil supply deficit in the first half of the year. We will monitor that. I wish i had the picture for oil, but overall stocks unchanged. Unicredit gaining 4. 2 . There you go. This is the picture for oil, gaining 3. 2 . 55 point 67. First, lets get to the news with nejra cehic. Plans to raiset 13 billion in an offer to sell off bad loans and slash costs. Italys biggest bank is targeting 4. 7 billion euros net profit
Fund. A. M. In the 00 emirates. Salamat in hong kong. You have an interesting chart showing a correlation. Always an interesting chart, the dow short of 20,000. Liquidity getting thinner. This is where that chart comes in. I want to show you the effects this has had on inflation expectations. This is the 10 year break even. You can turn that look at the bloomberg to get additional content. You can see what happens in the blue box as the oil prices and blue go down. It takes down inflation expectations. Inflation on an annual basis. It has recovered a little bit, but still around the 1. 93 mark. What are you looking at as they gear up for the holidays . Rishaad we came tantalizingly close to that 20,000 level. Just seeing what is going on with the state of stocks and how peoples money is doing. Mumbai down. Hong kong equities leading in this part of the world. A rise in u. S. Stocks. Oil prices firming after that drop on wednesday. Thats a that is what we have at the moment. Yousef in t
Potential impact it has on the United States and global markets. This is about an hour. [inaudible] thank you all for joining today. Happy new year. Have you here at aei. With the clock running, i want to kind of moved into a broader discussion. We had the opec deal reached in november, and this comes after watching the price go up and down over the year. 2017, the question is will the price hold . The newon for president elect donald trump and his administration, and also for you producers and nonopec producers. It is an interesting moment. I thought of looking at the price of oil before coming to the event, and it is at about 55. That is about the range they were hoping for back in november. It is an interesting moment to watch. Discussion,t with we will give a few moments for opening remarks, and then we e the full that one moment moment. The full one i believe you also served at one point in the Bush Administration in the white house. The reagan administration. And we have the coor