Behind me for the last 13 years in davos. I know we have some great coverage and panels. Speaking tomorrow with the barclays ceo, jes staley. We will be talking about the future of banking. Friday i will be moderating a panel on Monetary Policy and what comes after normalization. By ray dalio. Ed we are trying to figure out exactly what the davos men and last yearso wrong, and what they got so right. We are looking at some of the market calls they made last time. The dollar call was wrong and so was the price. Three. Re in day lets check out what is happening in the markets today. There is the stoxx 600, gaining for a third day after a third weekly gain. The best run since october. The euro, up by. 5 . There is a bit of relief now. Voting to enter negotiations on the common policy platform for germany. They have still got his final say on any coalition pack. There is another hurdle. This week, itins will be the sixth straight gain. The u. S. 10 year yield will change two point 56 . A v
The dollar, and President Trump. The ecb. Lisa the ecb is facing an economy that is recovering and not just recovering, but is definitely gaining steam in the eurozone. The question is, will they announced some kind of ending of their Bond Purchase Program and will they try to talk down that euro . The euro has been strengthening against the dollar. David it is not just the economy gathering steam, it is the euro. Lisa the fear is that it will eat into the corporate profits. David it also suppressed inflation that mario draghi said he wanted so badly. Steve mnuchin says he has been perfectly consistent, there is no problem with the u. S. Dollar even though it has taken a hit. You can see what the dollar has been doing over the last few days, not good. Lisa and took a leg lower after Steven Mnuchin broke ranks with previous treasury secretaries who always commented about not wanting a weakened dollar. He broke with that protocol and saying it would be positive for the dollar to weaken f
Surveillance. What a week we had on the markets last week. This is the tension as we get onto monday. This is what im looking at in terms of stocks. They are gaining some 1. 6 . We are also seeing futures in the u. S. Pointing to a higher open. Things can reverse quite quickly and change quite quickly. Downan see the vix index some 10 and eurodollar, 1. 2276. If there is an infection beyond equities and the vix, it would be in credit markets. Also coming up, we talk markets and last weeks correction with Morgan Stanley. Later on, we talked to eric nielsen, chief economist at unicredit. Plus, we talk ecb and brexit. Lets get straight to the bloomberg first word news. Is readye u. S. Says it to engage in Nuclear Talks with north korea. Vice president mike pence dubbed the new strategy maximum pressure and engagement at the same time. The comments signal a shift in policy after they agreed to pursue a dialogue with pyongyang at the winter olympics. Budget director Mick Mulvaney has warned
Anna a very good morning, everybody. This is bloomberg daybreak europe. We have been in davos all week. We build with a crescendo towards donald trump speaking at the event. Haslinda amin is there. Haslinda good morning. The trump day. Be he is expected to deliver a keynote address at 2 00 p. M. Local time. What is the message . Nobody knows. It is likely a push for America First. About one year ago when he came to power, a lot of people were saying it could be a doomsday scenario, weighing on Global Growth. A year on, lots of optimism, and we are feeling it here. Plenty to talk about today. Final day in davos. Shortly, i will be talking to different guests. We will also bring you an exclusive interview with francois bill oreilly with francois velleroy. Villeroy. Ancois lets have a look at where we are in the markets. This is the asian equities session, down. 2 , losing a bit of ground. The Australian Market is closed. Australia day there appeared the Australian Dollar getting a little
To have a weak dollar. Well talk about all of this coming up. Big interview in davos historically just something that is usually not said by administrations or treasury secretaries. In reality, in the shortterm, currencies will fluctuate. Thats kind of what mnuchin was saying bob rubin thought all of these things, they would just never say the it publicly. This might not be the first time that this administration voiced things that other administrations didnt voice mike allen is with us, too. Its not something where you want to add thoughts to it i dont want to revisit the last administration, but we her defense of israel and we saw the way the administration actually stuck to their card, too. Exactly so they say what would you rather have, someone that smiles at you and says we love israel, then behind their back, netanyahu is ready to pull his hair out he doesnt have hair i had the opportunity to sit down with President Trump. We talked about trade, the dollar and his message to this