The december deadline looms large and Hurricane Irma sweeps over the caribbean and batters puerto rico on its way toward florida. How much will the category five storm cost miami . Miamiin to evaluate as evacuates. Matt we are less than half an hour from the european open. It is 2 30 a. M. In the morning in new york, 8 30 a. M. In frankfurt. Take a look at where the futures are trading. You have the stoxx 50 futures up one third of 1 and the continental futures are doing better. The cac up. 4 and the ftse futures doing basically unchanged. It looks like a risk on day. It can see that as well if you look at the bunds, yields rising as investors sell off the debt. Maybe getting prepared to raise funds to buy stocks. Here you see the german yield at 0. 26 . Rea that looks like a two day trade 0. 015e today it is up basis points. A little bit of gain in the german yield. Manus there is a forum in vladivostok but we had where we had putin and mr. Moon. Putinkoreas moon and condemned north k
Crisis management. Russias Central Bank Governors as the Global Economy is coping with political turmoil. We have interviews with her and the finance minister. We are less than half an hour from the european open. I am looking at losses in equity index, futures, really across the board. You can see the the Index Futures down. 2 , as our ftse futures, dax futures down a little more. That doesnt show the picture of what a risk off they it is shaping up to be. If you look at bunds, you see it there, coming below a three handle. Bunds trading at zero point 2992 0. 2992. Get aroundiling to the world. Investors getting into treasuries, as well. The 2 level, i think it is turning out to be a big risk off friday. Anna looking interesting to see we didnt really see such a risk off vibe from the asian session, things were mixed there. Japanese markets weighed down by what was going on in the currency market as we see money piling into the yen, but elsewhere, gains for asian equities. Perhaps tha
European Equities Trading 30 minutes until the end of the session, little change in the stoxx 600 with a couple of stocks lower and if you hire. Sterling is up against the dollar. Near the highest level since last september. Bond yields mixed. Stocks are down for the week. Drinking shares down as much as 50 . Greene king sinks, down as much as 50 . It is cautious over its nearterm prospects with a weaker consumer prospects and higher costs and increase competition, shares have been hammered today. Mario draghi referred only to ,he euro volatility yesterday rather than explicitly commenting on current market pricing. Bidding risks keep reversal across the curb with bullish bets on the six months tenure. 10 year. Reversal andsk rising for a seventh day, 23 basis points in favor of euro core, the most bullish sentiment from the currency since september of 2009. They data out of china, export growth slowing and Global Demand for the countrys front. 13. 3 , leaving a trade surplus of 42 bil
The month of may, by without the Prime Minister. Other Party Leaders go head to head as the latest polls show labour closing the gap on the conservatives ahead of the june 8th election. The Russian Central Bank governor tells cnbc exclusively that there is room for Interest Rates to go lower. We cut our Interest Rates. I think we have room for easing more. The base of this easing will depend on the economic situation. Glad youre with us on this thursday morning. Lets get straight to eurozone Economic Data in the form of eurozone manufacturing pmi, surging in may as new orders mount up. We have the may final factory reading at 57, the strongest in over six years. Were seeing from the report that inflationary pressures have stayed strong. Euro dollar not acting too much to this. Off by 0. 1 at 112. 31. The italian pmi falling back in may versus april. The french number pulling back from sixyear highs. The german number once again was quite strong. Lets look at the European Markets. The f
Once again, when you talk about data coming out of china. Guy it seems like a familiar theme. But the aggregate is interesting here. The chinese inflation data and aggregate again just adding to this overall picture, the chinese economy is slowing. And as a result of which, maybe well see reaction. Cpi story, speculation the central bank would do more to stimulate the economy. There is ongoing weakness the factory gate deflation story. We have a chart that shows just how long we have been in negative territory, that the 2012 is as far as you have to go to find a positive number. 43 those are the months that we have seen it in negative territory. Guy that has an impact around the world. With weakcoincides growth, we have a chart here on bloomberg that shows the deflationary trend running around the weakening and Global Growth that we saw. Guy we have intelligence out overnight, a company is breaking estimates. We will bring yo that and have back and analysis in a couple of minutes. It l