Heir prepares to receive his fate. We are live in seoul. Anna a welcome to bloomberg daybreak europe. There is an old saying which is around and around she goes, where she settles, nobody knows. Where will be dollar and tonight at 8 00 p. M. In the United States of america . The positioning is so stretched. There is something that has crept into the psyche of the market. Rally like this and we are heading for the first monthly gain on the dollar. The question for markets is according to networks. Investors are undermining the prospects of Federal Reserve tightening. Anna we are seeing dollar pools adding to the positioning. Not everybody is bullish. There is a survey showing dollar shortening is the most crowding credit trade. Crowded trade. It depends on how tight you think the fed will take policy. We will talk more about that as we go through the program. Lets take a look at the risk radar. The equity session a little mixed. Trump points senior republican for the mess about the debt
For wyoming, yellen and groggy take the podium. Kaplanson hole, robert defense inflation target saying it will be met. President trump will kick off the texaso overhaul next week. But how much can be achieved between a white house and congress . Hurricane harvey since gasoline surging as it heads to texas. Said to be the worst storm in more than a decade. We are less than half an hour away from the open of cash trading. I wonder how much it will move today at the open. Futures show almost no direction whatever. The euro stocks 50 almost unchanged. The ftse and backs unchanged and the backs dax unchanged. Could see a little rise at the open, but a very small one. A littlet bunds, moving yield today. Right now, up to 0. 382. Let me show you the threeday look. We have come down from 0. 4. If you look over the course of a month, we have come down from a little over. 5 . Bund yields continue to compress smaller and smaller, very interesting, as people seem to buy german debt. Manus will the
Claim aanother one. Guy you are welcome. It is daybreak. It is our flagship morning show from london. Regain there is breaking news, yesterday trillions across the month from equity and bond. Today, the guy has raised. Manus it raises its overall loss for 2016. But this great, global reflation trade, is it just as donald trump took the mark, or what is driving at . With fallinga prices and the question for markets is, we have had the Third Straight month of gains and advances in the ppi. You are looking at an 11th month high for the ppi. Export is it going to the relation to the rest of the world . Mining is up. It was nearly a percent last month. Could they be in hike mode . That is what some people are saying. We will transfer this. Stocks are trading and momentum is building. Take a look at the top of the screen. Up by more than. 5 . Another record. And call options on the s p 500 are hitting a record. 9000 contracts, that is what they have their hands on. This has only happened on
Having his ratings cut. A source saying a debt equity swap may be on the cards if the charges surpassed ¥400 billion. Backhilippines pushing after yesterdays rally, the shanghai composite down. 2 . Given currency markets the weaker fixing from the pboc, a softer currency today, the yuan there. A stronger day for the yen against the dollar. Thats dollaryen up since november. Trading below 117 as the greenback fell against most major currencies. In the oil space, continued weakness there, oil retreating from an 18 month high after Industry Data showed u. S. Stockpiles in the u. S. Rose last to of forecast showing inventories fell. We are close to what we are expecting from opec and other Major Oil Producers next month when it comes to those promised output cuts. Rishaad thank you very much indeed for that. News,get to first word shery ahn. The bank of japan has released comments and opinions from its policy meeting that relate to the discussion before when one unidentified member admitt
Badly fitting batteries will be blamed. News fromo breaking the federal Aviation Authority in the u. S. , United Continental holdings requesting a ground stop for domestic flights. It applies to mainland flights. We tried to get hold of the airline, but havent had any calls returned just yet. We will bring you the latest as well. A full ground stop for United Airlines there. Just under half an hour before the trading week is underway in hong kong and shanghai. Chinese lunar holiday. Markets coming on stream. Sophie, a good day. Sophie a good day, but not some earkets in asia as they tak into account what trump had to say on inauguration day. Strength weighing on japanese shares, falling for the first time in four days, exporters weighing on the nikkei 225. Thisba having a good start monday, its biggest intraday gain since december. Media reporting toshiba will raise 500 billion yen to cover its nuclear writedown. Plus, canon is considering investing in toshibas business. 1 , but gold m