Quotenment, we can project, etc. If you have a nine months or you looking at this quarter, the equity franchise remains solid and keeping market share. Anna softbanks miss. The firm posted first quarterly losses with staggering writedowns from huber and uber and wework. A top diplomat tells of a quid pro quo in ukraine as china sets its price for an interim trade deal. The u. S. Must drop tariffs. Less than half an hour until the start of european equities. All of those headlines, having an impact on the markets. Lets look at what weve got. This is what futures tell us will be happening in europe. Dax and cac, a little flat. Ftse futures, looking more negative. Futures, fairly unchanged at this point of the trading day, drifting after we saw decent gains at the beginning of the week. Generally speaking, not moving that far on the u. S. Futures, Global Futures and if we show you the gmm, fairly confused about the asian session. Waiting for new lines around trade. The heard talk about th
Refuses to recognize the regions referendum. Welcome to bloomberg daybreak europe, our flagship morning show. I am manus cranny. Anna i am anna edwards. Hammond, philip yesterday, talking not about policy but the labour party. We will discuss that later in the program. We will talk about the leadership of the party. Theresa may is in the hot seat. Has ambitions towards that seat. About thelk more future of the leadership of the party. We need to talk about the markets. Despite what we hear from the white house about how there will be no talks with north korea, the markets are heading higher over the last 24 hours. Data, younufacturing have already been starting the conversations. We will hear a little from one of those. The chief secretary from the u. K. Treasury. Later in the day she will be joined by adam marshall. Data, thened the u. S. Dollar is on the march according to Goldman Sachs. The dollar is big. It is not necessarily in the positioning. Manufacturing is the strongest since
Miners show strong prices. They rally to the up side. Good morning, everyone youre watching street signs. It is a brandnew show on a brandnew monday welcome to the new week. On street signs the stocks are up 0. 2 . Not seeing too much action right now. We still have a lot going on when it comes to catalonia well come to that in a little bit. When it comes to the overall European Equity market, no major data points to tell you about today. Lets show you what the indices look like at this point. Were seeing the xetra dax well off the session lows. It was off by 0. 7 well tell you about all of the latest happenings. Advancing by 0. 5 and we are coming off five straight weeks of gains and were still trading close to fourmonth highs. Not doing too badly here when it comes to the sectors, basic resources doing well up by 2 copper and iron were priced in the asian trading sessions oil not doing too badly either were seeing utilities and industrials slightly under performing back to our top st
Will for the first tax revamp in three decades. Rishaad alibaba sales rising 61 , adding 250 billion in market value this year alone. Haidi trade, security, and north korea, President Trumps agenda as he packs his bags for asia. Rishaad im sure hes packing his bags right now. Regiontries in the asian , having a look at what is going on. I want to get to the fulcrum of why he is visiting. It has always been about trade. 4775. S chart there we go. That is the problem here. Japan, south korea, taiwan, philippines amongst others and one of the concerns is the trade imbalance. The red indicates how bad the deficit is with china, growing and growing since 1997. Looking at south korea and yellow, it has not gotten that much larger. Right, thats a look at some of the challenges. He wants fair trade, that is what he is saying, for the u. S. Not to have such a huge deficit. Good trade,trade, better trade is the way it has been framed. We will be watching for that. Also a look at nonfarm payroll
Brexit could make it worse. Good morning. This is bloomberg surveillance and im Francine Lacqua in london. Lets get to your markets. European stocks are down a little bit, dragged down by basic resources. They seem to be cooling off after recent gains, but the single currency is edging higher. Oil is significant because opec and nonopec producers are meeting in abu dhabi, talking about compliance cuts. Government bonds are bixed with the dollar. Meanwhile come over in south africa we need to look at rand. There is a secret ballot vote on jacob zuma, the president. I think we have the results of that voting at 1 00 p. M. U. K. Time. Reporter chinas trade surplus widened for a fifth month in july. It keeps the spotlight on a trade gap President Trump aims to narrow. Japan has recorded a 36th consecutive surplus, beating economist estimates. That was supported by returns on overseas investments and a trade balance the return to positive territory. North korea condemned the latest round of