Funding deal, or have they kicked the immigration issue down the road . Value tops 100 billion. Shares surge in afterhours trading. We are less than half an hour till the start of cash trade. Lets take a look at where futures are indicating we could open this morning. Gains acrossg at the board and ftse futures are up. 4 . Ax futures indicated to open percent higher. The percent mispriced a little lower, but it looks like a positive day in europe this morning. Treasuries, ive got a threeday chart on my terminal. We have been hovering around the 2. 36 level. It looks like treasuries have been in a tight range the last three days of trading, but not low. 2. 63 is still a fairly high range. You can see the arrow there, the yield dropping a little today. Interesting action coming out of australia. Lets talk about that and the pound, which is on the move. The aussie market up. 7 , the s p pushing up 395 days without a five percent retracement. That is the longest run on record. Tells you a
Surveillance. Lets check in on your markets. You can see the stoxx 600 pretty much flat. They are down a touch, but pretty much unchanged. We did see a nice rally that started in the u. S. Filtering through to asia. Oil advancing. Havea reminder, we may little trading volumes because it is president s day in the u. S. And Chinese Markets are closed after the new year. Coming up, we speak to the former italian Prime Minister. That is coming up next. Then we talked to Credit Suisse. We talk sustainable investing. Later on, we talk bonds, the selloff, and what is next in the markets with andrea silverman. Lets get to the bloomberg first word news. Nejra u. K. Prime minister theresa may and her ministers gather on thursday. May seeks to unite the factions in the cabinet. It is becoming clearer that the u. K. Wants to stay close to the union in some areas while breaking free in others. Employment numbers are scheduled for monday. Imports exports and both registered strong gains in january.
Davos keynote. We will take you live at 1 p. M. London time. And some like it hot. Mario draghi says the euro area is firing on all cylinders. Hes not going to get in the way. When does the first hike come . The cognitive Monetary Policy is still required. Matt we are less than half an hour from the european open. We are looking at gains across the board. Futures up to 10 stash. 2 . In cace strong gain futures and euro stocks. You can see this is a threeday chart. You can see the big spike there. Now coming back down. Still at a relatively high level. Coming off the highs we had previously seen. Guy european equities would generally lower. Equities saucer from sweden to denmark to norway. The nordics didnt have a great day. The kiwi trading down by. 7 . The aussie dollar, the norwegian krone, the swedish krona, yes there is a relationship. Day for the dollar and for the single currency. Lets talk about lets happening elsewhere. We could be about to head for the first negative week for
Enter a Customs Union with the eu postbrexit. For the complicating theresa mays negotiations with brussels and her own party. All eyes on the United States jobs report. Traders will be paying attention to wage growth. Will it be enough to shake off the retreat in equities and treasuries . Was than minutes away from the european open. Take a look at futures. We are looking at a mixed trade in futures. Ella think they are positive in britain, negative on the continents. Andttle bit of direction trend. At the same time, we see u. S. Treasuries yielding more than they were yesterday, 2. 78 now. Just yields have come down a little bit, but still at a level traders havent seen in a long time. That could spook as some traders and it could be a reason you have seen a selloff in the features session. Will that carry through into the cash session . Will that yield attract investors to put cash back into the riskfree rate of u. S. Treasuries . What do you feel on gmm . Anna lets take a look at th
Earnings miss for the full year, but reinstates the dividend for the First Time Since 2015. The ceo joins me live in this hour. Just under 30 minutes to go until the start of the trading day. Europe is setting up for a slightly lighter opening, perhaps an understatement, down 0. 8 . Good news from the fed, that is the core message, what does that mean for rates . A couple themes. The fed is optimistic, equities lower, dollar is higher. Bond armageddon has been averted. Europeans equity markets where you see the big themes coming through. The nikke down over 1 , following the turnaround at the end of trade in the United States. Volatility is above 20 for the 13th session in a row. You have these other equity indices playing catchup. Keep an eye on the yen, getting a bit stronger. British pound down about 0. 25 . You had mark carney saying, i gave you a signal in the autumn, i may not give you a clearer signal again in terms of rates. So despite his hawkish tone and intention at the parl