Welcome. It is surveillance. Im manus cranny. Lets check on the markets. One view we have had dominating through the program is that inflation will recast itself during 2018. The market has the biggest long bets on bonds since 2004. We have got the three month yield here. That is driving the debt ceiling anxiety, shortterm investors demanding more. The bit to cover ratio, the highest stopover rate since 2008, and the lowest bid to cover ratio since january, 2009. But the asian equity markets and European Equity markets, rallying. Taking the cue from the commodity market. Copper is bid. Oil is bid. An overalleing move higher. Oil, we did make it above 60, i assure you. So, we traded post the close up at the highest levels since 201 5. We have the libya outage. Dont forget, we had the u. K. Outage a couple weeks ago and that spoke to market. This time it is libya, 100,000 barrels a day is a good be taken out of the supply chain as libya has an outage. More on that pipeline explosion a li
At 53 basis points and well discuss. David . David time for an update whats making news in the business world. Good morning, emma. Emma 40 People Killed and dozens wounded this morning in the suicide bombing in the Afghan Capital of kabul. Explosions walked the center and afghan news organizations. Interior Ministry Spokesman said the exact number of attacker is unknown. Islamic state claimed attack. Bility for the in the u. S. Secretary of state Rex Tillerson written an oped defending u. S. Foreign policy under donald trump. He lauded the attack. In the president s move against north korea and Islamic State in his first year in office. Tillerson wrote, quote, in spite of the challenges i remain optimistic about the power of diplomacy to resolve conflict and advance american interests. President trump rejected reports earlier this month he was about to replace tillerson. Nd the u. S. Endured 15 weather related disasters costing 1 billion or more through the month of october. According
Manus europe rallied. You are welcome. It is surveillance and i am manus cranny. Rallied. Ment, europe where up on the stoxx 600. It was text and telecoms that to the heavy lifting, nothing compared to your performance in asia. Record highs in asia. You are looking at levels that you havent seen since the 1990s in japan. Technology up 50 in asia. Europe, you are seeing this growth story. It is absolutely intact. The next question are you, European Equity markets, can you sustain the growth gains that we have had the euro at around 120 . Could the euro valuation unseat the story we see here . Week,llar index, what a what a year. This is the first yearly loss since 2012 for the dollar. You are seeing another push low. You get a 3 growth rate, you get a tax reform deal, you get three hikes from the Federal Reserve and still the dollar is lower. 2 lower from here at end of 2018. The most bearish view is the dollar will be down by another 5. 5 , not everybody is so pessimistic. On the upsid
Today. We will be discussing this later on in the show. David lets head over to emma chandra with the first word news. Were moren there deaths overnight in antigovernment protests. Iranian state television reports that at least nine people were killed nationwide. A dozen had already died in demonstrations that began last week over the governments handling of the economy. The president has defended the right of people to protest. The u. S. Has confirmed that mike pence is delayed trip to the middle east is on for this month. Arab leaders denounced the u. S. For recognizing jerusalem as israels capital. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im emma chandra. This is bloomberg. Alix middle east still front and center. We thought we might have put that a little bit aside. Not so much. That for an exclusive discussion on the global risks shaping 2018 including those from the middle east we want to join Bloomberg Radio. Our collea
Following the successful trading session in asia. Mifid ii, 15 minutes into the trading session, there was 25 less volume ban on the 30 day moving average. Looking at your dollardollar, unchanged. Tle bit at 2. 7 my 10 year yield . Well talk geopolitics and south and north korea talking. Coming up on bloomberg surveillance, we will be speaking to Lucy Macdonald, chief Investment Officer at lianzl equities and al global investors. Twe also discussed the new financial law. And Daniel Morris also joins us at 10 00 a. M. Lets get straight to the bloomberg first word news. Nejra u. S. President donald trump has responded to kim jong uns latest threat. Trumps remark on twitter came that kimw arne warned the u. S. The Nuclear Button is always on my desk. Earlier trump claimed his peonts to pressure th pyongyang were having a big impact. According to white house officials, trump met with Vice President mike pence and members of his National Security team to discuss the protests amid liberation