Oil retreats from a fiveweek high. Manus a very warm welcome to bloomberg daybreak europe. It is in our headlines, Goldman Sachs capitulated and joined the fray. We putent bond yields, that handle on last week, we never held, Goldman Sachs down from 2. 8 . We have had a gorging on duration. Goldman sachs 10 year slashing. , 1. 9 , lets roll it over and have a look at the dollar. What do you get out of a true set of the g20 . What will that do to the dollar . . Ill trump pile on the rhetoric you are looking at dollaryen at the bottom of your screen. There is a little reprieve in that market. I have no idea what this is. Nejra bitcoin, you know it. Manus i have never seen it written like that. I learned something new. 13,000, a shock from the producer. I have to talk a little bit about the markets i am looking at. You have u. S. Futures pointing few days of a declines. We have risk on edging into the trade truce. We are seeing wti come off of the fiveweek high. Tensionsse trade weighing
Evolve, and heres how policy evolved should occur, but you have to maintain this ready position. Teslas stock hitting a reverse, losing around 30 billion in market value. This is after deliveries declined for the first time in nearly four years. Disney reports it secures enough votes to defeat nelson peltz. Its set to meet with the gm later today. And the swiss re ceo will hands over the reigns later aspergeas b b b berger is sets to take over in july. Lets start with the big board and show you whats going on with the european markets. Lets bring up the board. Weve got the ftse 100 down at a downside of half a percent and the ibex in spain. The citi sitting there as well as switzerland. The u. S. Futures saw quite the soggy day with the dow posting their worst day since the 5th of ma march. Also backtoback losses. You can probably point to whats happening with yields as the culprit here with the 10year hitting the highest since november. Weve got more data coming out overnight in the f
Over a major market. The demand in china is driven by a weak private consumption. This is not really coming up. Theres uncertainty in the people. The export is not picking up that well because the Global Economy is not that strong. And israeli Prime Minister Benjamin Netanyahu stands firm on the rafah offensive despite telling cnbc they will push on regardless. Yes, we have a disagreement on gaza, rather rafah. We have to do what we have to do. Sometimes you have to do what is required to ensure your survival and future. China and russia signing a joint statement on ties with russian president Vladimir Putin highlighting energy as a key priority. We are looking at breaking news from the ecb. The European Central Bank Financial stability review coming through this morning. Just reallyi speaking about financial vulnerabilities have eased, but the outlook is remaining fragile according to the ecb. Conditions improving ultimately there. Recession risk declining, but markets remain exposed
Required give and take on both sides. I believe that the joint report being published is in the best interest of the whole of the uk. European banks rally as global supervisors finally sign off on agreements ten years in the making the chair of the Basil Committee says the compromise reached was worth that long struggle it was not so easy to get to the number 72. 5, but give than we do have a compromise, everybody has signed off everybody is prepared to implement it in this particular way. A shutdown averted for now President Trump will sign a shortterm funding bill to keep the u. S. Government in motion for another two weeks as the search continues for a political compromise a positive start across europe this morning. The stoxx 600 up 0. 4 . A lot of green on that board alo lot of that driven by marke sentiment about these votes. We can see that the ftse is up nearly 0. 2 . The xetra dax strong start to the day, up more than 1 the cac up in 0. 3 the ftse mib up more than 1 lets look
Christmas break. Investors taking a step back following those recent gains. And well be getting the inside track on the latest trend in eating out. Would you go to a strangers house for a home cooked meal . Well, our guest has turned that idea into a business. Just use the hashtag bbcbizlive. Apple deliberately saying they slow down old phones when it comes to updating software. What do you reckon . Letters no. Let us know. Hello and welcome to business live. We start in the spanish region of catalonia where voters are going to the polls today to pick a new parliament. The elections were called after octobers referendum which saw a vote in favour of independence, plunging the country into a constitutional crisis. Catalonia is barely more than 6 of spains territory. But it accounts for around a fifht of the spanish economy and almost a quarter of exports as well as 16 of the population. Last week the bank of spain cut its National Economic growth forecast for next year from 2. 5 to 2. 4