The world. We will talk about that. What did draghi deliver yesterday . Investors continue to ponder the meaning of the word taper, we will bring you plenty of analysis, arent we, matt . Matt we can talk about it all morning long as far as i am concerned. Let us take a look at how futures are trading right now. A bit of a mixed trade here. Not much action but we did see a lot of action yesterday after that east the meeting. Big gains, especially here in germany. Not so much in england. We were still up, the ftse closed 0. 5 , but here we were almost 2 on the dax. His morning, a bit of a quite start. Watch. ll wait and maybe a busier session as we work our way through the day. Big position trades. That, european equities, solid session yesterday. The spanish market up by over 2 . Backs dax up by nearly 2 . The critical line for the dax more thane 11,000. A European Markets, solid performance. We got the yen a little softer versus the dollar. We go continue to monitor that. On the round
This is the second largest market in the world. Obviously when the president of the United States says something, everybody listens. Francine and building bridges. Theresa may prepares for her first meeting with the incoming u. S. President. What will the socalled special relationship look like in 2017 . This is bloomberg surveillance. Im Francine Lacqua. With me this morning, hsbcs global chief economist, janet henry, and Stephen Isaacs, head of the investment at alvin capital management. We will speak to one of the city of londons is known economists, roger bootle. That is in half an hour. First to your markets. Chinas offshore yuan falling the most in a year to pair a weekly rally. Mexican peso climbing after the central bank sold dollars. European shares falling a touch. Asian equities next. The allimportant monthly u. S. Jobs report and oil declining a touch. Straight to the bloomberg first word news. Heres sebastian salek. Sebastian the offshore yuan has paired its record weekly
Mark the International Chemical weapons watchdog determined the Syrian Government was behind at least three attacks involving and the Islamic State Extremist Group responsible for at least one involving mustard gas. Another said the only way to protect scotlandss interest, according to the Congress Passes first manager who said the u. K. Must soft and its plan to leave the European Union and its market. Sturgeon set factions in the u. K. Parliament want to use underminean excuse to the autonomous government in the capital. He has been pushing to remain inside europesingle market. Malaysia plans to charge to does women with murder in the death jongilrother of kim and pier 1 woman from vietnam and the other from indonesia. They could face the Death Penalty if convicted. He was poisoned by a powerful. Erve agent global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, i am Mark Crumpton and this is bloomberg. Scarlet live from bloombergs Wo
Will draghi spoil the party by turning the ecb toward exit . And trump says he will announce a tax reforms this week, but how much detail will he really be able to reveal, matt . Matt less than half an hour away from the european open, and it is going to be an exciting day. Lots of Movement Across a wide range of asset classes, but take a look at futures to start with. , you can see at the bottom of your screen, cac futures up 4. 5 . Were expecting to see big movement in french stocks today for once. We have already seen big movement in debt. I have bunds on the top of the screen, this is a threeday chart. If you look at this, election is here. This is where you see it coming down in yields, bunds shooting up as investors get out of the trades they had in place before. This is a longerterm look at the spread, and you can see here at the end of the screen that it has come down dramatically. That is what you would expect after we didnt get the kind of event that could have reared its ugl
Coffers were looking at politics in the u. S. Firmly. This is what the data is telling us, you can see stocks in Europe Holding high. A global rally pretty much saying the same as yesterday. It did pick up speed a little bit. Concernedares were about what is happening in north korea with the artillery drills but that also did little to ruffle financial feathers. Gold down a touch as well. Riskonn the mood mood. Donald trump calling for tax cuts to individuals and lowering the corporate rate 15 . From plans to make public the broader lines of what he plans to change in the tax code with details left until late in the negotiations among officials from the treasury. Stepping downis as head of the National Front party in order to be the candidate for all of the french people. Facesve comes as she centrist Emmanuel Macron on may 7 in a battle between nationalism and globalism. Norons candidate says he is clear policies, he would be here for you are good for europe. In other of unsold london