Just three Industry Groups are higher, and really, the highest among them are the food, beverage, and tobacco index. Mainly, the banks are lower by 2 , consumer durables down by 2 . Everything else down 1 or more. The 10 year yield at 57 basis points. I mean, essentially, the market is taking this really dire labor number very well. Down seven for the month of for the down 701,000 month of march. Was weeks before the mandated quarantine for many, so we know this is going to get worse. 26. 89, reflecting the mood between the president and russia and saudi arabia. Russia said it never saw prices going to 20. The dollar index at 100. 7 right now. An eye onant to keep that. The dollar continuing to be something of a stress point and a little but of a tell on these markets. U. S. And european stocks are down hard. We know that your to date. The s p down circa 20 . The stoxx 600 down 25 . A lot of people asking the question, is now the point at which longterm investors should be looking to r
President. Dont miss it. Manus warm welcome to daybreak europe. Times we have rocked from 1 up to 1 down. Its amazing how those numbers come alive. Is there a deal on the way . Between china and the u. S. Nejra if we get a partial deal, how long could that sustain any gains we might get in risk assets . Would it be enough to turn around the economic damage that has already been done . Manus indeed. Lets get straight to these markets. Lets get straight to the oil market. Actually, lets get to the fx market instead. One theof the yuan is at a high. The bears were champing at the bit to sell the currency. If there is a currency pact , thatn the u. S. And china could give you some solidification in dollar yuan. At the bottom of your screen, you have the aussie dollar against the u. S. Dollar against ground zero for trade. It is about the durability of the deal. How long can it stay . If it does, it may well help the aussie. Good morning. I missed you. Nejra it has been such a while. 10 day
Could be cut short. A truce could be included in a partial deal. Turkish enters Turkish Forces enter syria. President trump orders his forces to stand aside. In an exclusive interview, olli rehn reports that mario draghi ignored advice on qe, says that is greatly exaggerated and stresses the need for togetherness. Olli i value team play. If you are divided you tend to lose games, if you are united, you tend to score. Anna less than half an hour to the start of the trading day, lets check futures. Looking at some futures that suggest some upside. Keep an eye on what is going on in u. S. Futures, incredibly volatile. U. S. Futures, the overall picture does not tell the excitement of the story. Over the last three hours we 1 e seen four more than swings. A great deal of volatility. That is what the Asian Session is telling us. The Chinese Markets up 0. 7 . South korea down 0. 9 . A lot of action in the expectations or lack of expectations. Currency markets moved around by that. And the Au
Nejra welcome to bloomberg surveillance. Francine lacqua is in helsinki at the nordic business form. First, lets check in on the markets. European equities turning negative of the stoxx 600. The 10 year yield moves lower after jumping ive basis points yesterday. So a little bit of risk off in terms of equities and yield. But the weaker dollar suggests there might still be optimism out there. Conflicting headlines ahead of the trade talks. Francine lacqua is at the Nordic Business Forum. Do not miss her interview with the ceo and founder of zuckerberg media. Thats coming up just after 9 30 a. M. And later, francine will speak to finlands economic minister just after 9 45 a. M. U. K. Time. Lets get first word news. To force kurdish militants away from the region, turkey has launched a military incursion into syria. Four years them and kara for ankara has fought and says it will not allow the kurdish protostate on the border. When asked what President Trump would do if turkey wiped out th
Helsinki, Michael Mckee in new york, and Kevin Cirilli down in houston. There was a bloomberg report trumpday that president might have a ceasefire, and the president basically confirmed it. Pm johnson i see a lot of pres. Trump i see a lot of analysts seeing we will do a piecemeal. Easy or hard. Theres a deal or theres not a deal, but it is something we are considering. David there you heard it. It looks a little like the chinese may have responded this morning. Right. Xactly some economists are talking about a mini deal. Theres the prospect of china buying some u. S. Agricultural products and exempting pork and soybeans from additional tariffs. Expectedtowards these talks in october at a high level between both sides, there is a word of caution as well in all of this. China has always been in the market for more agricultural goods. Dating more pork in particular because of swine flu. Theres certainly evidence of some good gestures, but no signs of a major, sustainable breakthrough ju