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Transcripts For BLOOMBERG Bloomberg Markets European Open 20240713

For the city. Deals top 70 billion in just 24 hours. Just how much can m a avoid the risk rally . This is the European Market open. Less than a halfhour to go until the start of the trading day. A number of scenes to talk about. Not a great deal of movement in these markets as a result. We are kind of holding our ground after early risk appetite. When you look at the currency markets, a lot of that has been pared back. Expecting to see a bit of a bounce at the start of the trading day in europe. Lets put the u. S. Futures. Some moves to the upside also foreseen in the u. S. But not by any stretch large gains, partly reflecting the strength we have already seen this month and over the past few months on expectations of trade negotiation success and the Balance Sheet. Lets not forget the other factors that have driven us higher. Lets have a look at what is going on on the gmm. This shows us the Asian Session quite nicely. A mixed picture, quite a nice story for the session. We are not su

Transcripts For BLOOMBERG Bloomberg Markets European Open 20240713

A big majority for Boris Johnsons conservative party in the general election. The s p hits another record high as the Federal Reserve upgrades outlook for growth. U. S. Stock and bond markets are closed today for thanksgiving. We are less than half an hour to the European Equity market opens lets take a look at how futures are set up. We are seeing risk sentiment hey little bit. Weday, we stop the sox saw the stoxx 600 close one point off a record high. We are dropping from a bit of a high point, weaker on ftse 100, dax, and cac 40 futures. Risk off sentiment we are seeing globally after President Trump signed the hong kong bill. We have had some comments from the Foreign Ministry in terms of retaliation that might be causing extra concern. In terms of the u. S. Market, yesterday we saw the s p 500, dow, and nasdaq all close at record highs for a Third Straight day. U. S. Data perhaps help that along along with the fed beige book. In terms of other markets, looking to gmm. We have had

Transcripts For BLOOMBERG Bloomberg Markets European Open 20240713

Hong kong Police Surround protesters at a university standoff. Chief executive carrie lam calls for a peaceful resolution. We are live in the city. Powell goes to the white house. President trump says he protested against high Interest Rates in a meeting with the fed chairman. Boston fed president tells bloomberg the central bank might already have gone too far. And emirates exclusive. President tim clark tells bloomberg he is still interested 737boeing seven dreamliner but does not see the 737 max 8 getting back in the skies this year. We are talking about maybe the First Quarter calendar next year, possibly even a bit longer. In the end, i will repeat the question. The only entities which will sanction the flying of this aircraft are the regulators. It is not boeing. Matt we are less than a halfhour from the european open this morning. I just wanted to quickly point out that we are getting a little bit of a comeback in gold. This is the u. S. Dollar price over the last three days. Yo

Transcripts For BLOOMBERG Bloomberg Markets European Open 20240713

U. S. And chinese negotiators agree on a tariffs rollback if and when a trade deal is reached but stocks and futures slipped from asia to europe. In europe, Jeanclaude Juncker says President Trump will spare autos from tariffs ahead of next weeks deadline. The hong kong protests caused revenues to slump. The city prepares for another weekend of demonstrations. Good morning. Matt good morning. Less than a halfhour from the start of u. S. Trading. We saw haven assets really catch a bid, especially over the last few days. This is the threeday chart of treasuries. You can see the yield jumped up past 195. It is coming off a bit today. Right now, we see 1. 91. Yesterday, we saw a real change in sentiment, it looks like. For example, gold, which had been catching a bid in the last few weeks and months on concerns about the trade war, dropped 30. We will watch that and talk about that today. In terms of what we are looking at in terms of the trade in less than 30 minutes time, we see futures

Transcripts For BLOOMBERG Bloomberg Markets European Open 20240713

Investors see trade tensions using. Winskongs prodemocracy in a landslide. Record numbers turn out for the first vote since the unrest began. Good morning. Lets have a look at what the futures are telling us about the European Equity session. The first of the week, looks like it could be positive. Factoring in a little bit of the balance we saw in the u. S. Market on friday and adding to that. U. S. Futures also suggests we will be higher. We saw that bounce in the u. S. On friday. Trump saying the u. S. Was very close to a trade tax. Lets put up that. Trading around the scraps of information with regard to trade dialogue between the u. S. And china. With that in mind lets get to the gmm. That shows us what is moving in the asia session. Hong kong up by 1. 4 . Trump line from friday. Also the news from headlines, china talking about tougher penalties for companies that break the rules around intellectual property. That may be is designed to sooth tensions between the u. S. And china be

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