A big market move yesterday that started with concerns surrounding hong kong and that means yen found a good bed yesterday. Argentinaocus was in after the selloff after the surprise primary where we thought it unlikely the candidate could make it. The second time of voting since october. U. S. 10 year yield that 1. 63 . Coming up, we talk with the chief executive of Steinhoff International holdings. Do not miss that interview after 4 p. M. London time. Lets get to the first word news in new york city. Viviana Senate Leaders in italy failing to agree on the date for a confidence vote in the populace coalition, leaving the deputy premier happy to wait before consolidating power in rome. Discussions in the Upper Chamber continue tonight. If there is a new election, the commanding lead means he will likely be the next Prime Minister. Global anxiety showing up in the treasury market. Yield on 30 year Treasury Bonds approaching alltime low as the 10 year yield also fell. That one point it wa
Lands to keep you cave rules aligned with the eu. In early is down trade. Is there more to come . We will talk about that with the mliv team. Wrangling over that u. S. To limit will continue today. The next big risk from the u. S. We are less than half an hour away from the start of european trading. Lets take a look at futures. They are deep in the red. You can see here the percent missed price for dax Index Futures is down more than 1 . Indications that we have a weak open in frankfurt not quite as half percent. You can see the middle range if 50. Look at the euro stoxx investors continue to buy treasuries in the u. S. Pushing the yield down, falling five or six basis points in the last couple of days. Were looking at 2. 33 . Now down seven basis points over the last three days. Guy 28 minutes to go until the start of european trading. Lets take a look at what asian trading delivered overnight. Japan down and korea continuing to be hit and hit hard, down 1. 42 . So my conductor stock
For england in the second ashes test. That hope evaporated. Captainjoe root says england are still massively in it. Geoffrey boycott says they have no chance. Well have all the reaction as england go 2 0 down in the ashes series. Sarah has all the weather forecast. We are starting to feel the effects of storm caroline. Thats right. Storm caroline is set to bring strong winds. We have an amber warning in force across parts of scotland. I will bring you all the details throughout the afternoon. A p pa re ntly details throughout the afternoon. Apparently we have all afternoon also coming up, thousands of people flee from the path of wildfires in california. Hello everyone. This is afternoon live. A lot can hinge on a phone call, not least the one this morning between the Prime Minister and the leader of the dup, Arlene Foster. Its first time theyve spoken since a deal to move brexit talks on to the next stage stalled in brussels on monday. The dup rejected the text of an agreement between
The dax is down some 1 . A little bit of pressure on the stoxx 600, i guess a little bit of concern over the tax overhaul. There is a little bit of pressure on miners. The bloomberg dollar index again, the dollar seems to be pretty steady. I am looking at the pound because of theresa may and there could be some kind of rebellion brewing. We will get our Political Correspondent on that. We talk economics and Monetary Policy with larry hathaway. He is the head of investment solutions. Then, we discuss as it presses we discuss asset prices. Overhaul. The tax we are also just getting some breaking news out of indias central bank. It is maintaining its neutral Monetary Policy stance. I know we will get the chart of for you and i will bring you any breaking news that we have from the rbi of india. Lets get straight to the bloomberg first word news. Nejra donald trump will formally declare jerusalem to be israels capital and direct the state department to start the process of moving the Ameri
The chart of the day, check out the yield curve. 210 spread. Points, we have seen the biggest decline in that 1980 ore like 2007. David what happens when we get to 50 . Do we have confetti . Alix that is bad. Get u. S. Adp5, we employment change data for the month of november. In london, Philip Hammond will be speaking at the Treasury Select Committee at 9 00. In washington, President Trump is set to make a statement on moving the u. S. Embassy in israel from tel aviv to jerusalem at 1 00 this afternoon. That is coming up today. Our top story this morning with the daybreak first take. Risk off markets overnight. Bitcoin hitting new heights. Of course, brexit because we always have to talk about brexit. Joining us are Lisa Abramowicz and joe weisenthal. Lets start with the risk off. What is going on . Joe good morning, i have no idea. It feels to me like the themes are international enough such that it is hard to point to one thing, except that a lot of things that have been working ver