Data check. Stocks them to be advancing. Dollar, treasuries, both slipping. The dollar is edging lower and treasuries are rising as janet yellen said she will step down when her term ends in february. I also wanted to talk to you about the turkish lira, you can see it at the bottom of your screen. It hit a record low against the dollar. We will get plenty more on your market moves. Now, lets get straight to the bloomberg first word news. Sebastian u. S. President donald trump is designating north korea a state sponsor of terrorism. The regime to additional sanctions. North korea joins syria and the sedan on the u. S. Terrorist list. This will impose sanctions on north korea and related persons and supports hour maximum Pressure Campaign to isolate the murderous regime. Sebastian janet yellen has said she will step down from the board of governors wants her successor is sworn into office. It widens the scope for donald trump to shape the Central Bank Leadership for years to come. Jerome
Refiners are facing a renewed threat to their production. Good morning to you, yvonne. Ye on japan e and korea. Trade was focused on Hurricane Harvey. I want to bring up a function. Are hurr you at the red dot, showing some of the refineries that have been closed. You can see that there are more red than blues. The reds meaning the refineries that have been shut down. That has left the markets uncertain today, particularly as this destruction is only going to get worse. The flooding is supposed to peak on wednesday and thursday, so this is not over yet. This is going to be the entire week the houston area will be dealing with the devastation. It seems like it has reignited the storm and flooding , moving over to the louisiana side. Definitely, our hearts go out to everybody in the u. S. We had to take a look at the headlines. In the last 90 minutes or so, north korea, firing this missile. Up and over japan, a little bit more serious given the fact that it has flown over japanese airspa
Today. I should tell you if we take a look at the indices, you have the ftse 100 bouncing back a little bit from last weeks weakness putting in the worst week in performance given the clues about. The dax is up this morning now overall europe is doing pretty well. Also thanks to the psi 20. The portuguese index not an index that will usually focus on its up by roughly 1. 6 . Port few gall has returned be to investment grading after 5. 5 very long years. Take a look at the portuguese yield tumbling roughly the lowest in the year s p the first of the big three Credit Ratings or agencies to look portugal back to an Investment Grade now deutsch bank ceo says market volatility may be higher than people think and low Interest Rates will keep hurting bank profits he spoke exclusively to nancy. Volatility is actually higher so when you price an option or the market prices an option, its using applied volatility thats been very low for technical factors, just buying and selling futures options.
2. 145 overnightin asia, look at whats been happening. You can see the nikkei closed down by a quarter of a percentage point the hang seng off by 1. 2 . The shanghai was flat. Lets look at whats happening in the european markets in early trading. At this point there are red arrows across the board there as well biggest decliner is the cac, which is down by 1 . The ftse and dax are off by 0. 8 when it comes to currencies. You will see right now the dollar is up across the board. Euro at 1. 1163 crude oil prices which were down 3. 7 yesterday, the lowest settlement weve seen since november 14th, you can see this morning down once again. Another 11 cents to 44. 62. We want to bring you an update on the terrible shooting that took place yesterday. Republican congressman Steve Scalise is in Critical Condition this morning after he was shot by a gunman yesterday. Squawk was on while this happened the congressman was shot in the hip, underwent surgery at Medstar Washington Hospital Center a s
Welcome to bloomberg daybreak europe. Manus we have a stacked lineup for you, a little bit of a nordic flavor and will kick it off. Anna nordic numbers coming through, the bank in stockholm sweden, and theyre waiting with the head or decision. More on that in just a moment. Well get to the secondquarter ofbers, above estimates 18. 8 . The Net Interest Income 1. 18 billion, below the estimate of 1. 21. This,ne was looking for will the domicile stay or go . They now say they will make the final decision in september about the domicile. Now saying it will be a little later. That sweden considered they will consider joint banking unit. Copenhagen also tutoring joining the Banking Union. Finish be a danish or destination . Us in about 15n minutes time. With battling it out oracle and elsewhere. 500 Million Euros is what youre getting with the Share Buyback. Forecast,f revenue they are raising the overall revenue forecast based on the foritional, the full year operating profit will be betwee