I would look for italian bond yields and treasuries. We are also getting breaking news out of iea. It says the oil outlook is fragile. We had a great story saying saudi arabia is speaking to producers to make sure there is not too much volatility. 57. 42. Rude at and the one weve had a lot of news, we could talk about u. S. Intervention on the dollar. The yield at 1. 7. R shares are rising after the Company Proposed and 8 billion settlement. This is the picture, 7. 5 higher. Coming up, we speak to the chief executive of novo nordisk in 30 minutes. First, lets get straight to bloomberg first word news. We stay with that breaking, also a bloomberg scoop. Bayer proposing to pay 8 billion to settle claims round of causes cancer. This would settle more than 18,000 lawsuits. It may be months away, but it would ease investor concern over the litigation exposure. Fight, thatthout a is the italian Prime Ministers message to his deputy. Leaderiimmigrant league is pulling support for the administ
The r. B. I. Says they are ready to slash rates further. And not finding drivers. Disappointing sales growth sends uber stocks plunging in after hours trading. They report their biggest net loss ever. Matt good morning. Lets check out some of the data points you want to watch today. First off is the yen, continuing to gain strength against the dollar. The stock traded 106 earlier, now at 105. 98. A new handle on the yen as trade tensions simmer and cause investors to reach for safe haven assets. Also, europound is headed for its strongest level since the financial crisis. Pence almost there, at 98 for a euro. The pound continues to weaken against the shared currency. The u. S. 10 year yield down two basis points at 1. 70. s had been down in the 1. 60 earlier as they reach for safe haven assets. Lets check in on the markets in asia. We go to Juliette Saly in singapore. Juliette mostly positive here. Asian stocks higher for a third session. We had a pretty good beat in terms of Second Qu
Nejra welcome to daybreak europe. It has just gone 6 00 in london. An absolute earnings long on spot. The Second Quarter adjusted operating income comes in at 225 million euros. The estimate was 289 million euros. On the Second Quarter, adjusted operating income, that looks to be a miss. 225 versus the estimate of 289. The secondquarter adjusted operating income there at 305. The estimate at 289. Thats a correction coming through there. That secondquarter adjusted operating income is a beat. The initial number look like a mess. Miss. Secondquarter revenue. 2. 4 5 billion euros. The estimate was 2. 47. A slight miss on the revenue. To their ceo. Dont miss that interview at 7 30 a. M. London time. Deutsche bank, we are getting numbers from that. The big focus for investors is going to be the execution of the turnaround plan. If i could get to the headline numbers right now. Secondquarter trading revenue at 1. 6 9 billion euros. The estimate was 1. 7 9 billion. Givent a huge a prize what
The focus shifting from Central Banks back to trade ahead of the g20. President Trumps Administration up in the antiby blacklisting another five chinese tech companies. Yvonne perhaps dampening the prospects of getting any kind of deal at the g20. Seems like when it comes to the oil market this escalation of tensions with iran, it perhaps is offsetting what we saw last week on the markets. A lot of uncertainty on the geopolitical front. David on one hand you have that of grants. Terms great headline here out of bank of america. They released her latest report. G20 plus fmoc equals perhaps a good formula for ef. We are flat on the benchmark. Coming off three weeks of gains for global stocks. Four weeks of gains. Study in the treasury market. Flip the boards and look at where we are on the currency markets. Also on china. Where are we here . I am looking at a lot of the pairs. Dollar is still on the back foot. South korean yuan topping the list earlier. Looks like we will have a mediocre
The door for shale producers to grab more market share. We are live in vienna. Good morning. Welcome to daybreak europe. It has just gone six clock a. M. In london. Manus cranny is in vienna. A long night for you. Youre looking fantastic. Update us on what is going. What is the mood music . Manus two messages they wanted to convey. Certainty and continuity. Meeting rathons marathon 10 our meeting from opec. Theres a word that the Saudi Oil Minister wants you to focus on. The commitment to a ninemonth extension of unequivocal, very solid, very strong. Not only are we committing rollover, the individual commitments to conformity from all countries word, it is that unequivocal. He is the central banker of oil. That is his commitment, to continuity and certain. The fragility of geopolitics, the frailty of Global Demand, it is counterbalancing that that is the message they really wanted to convey. They also moved the fiveyear target. Nejra you could argue the fact that they really wanted to