London. These are the people that we are going to speak to shortly. Dalioversation with ray is coming up shortly from china. We will be talking to Standard Chartered chief finance officer after it they said that they want to give back to shareholders and focus on dividends. We were gaining a touch on the stoxx 600. At the moment is pretty much unchanged. A lot of the impetus on the stocks will be what we hear from from washington, d. C. The u. S. 10whether year yield will go above 3 . Now lets get straight to the bloomberg first word news. The European Union will tomorrow challenge theresa may when it publishes a dropped brexit treaty. According to a person familiar with the matter, the bloc is said to set out in legal detail how the terms of the transition period will go. U. S. White House Communications director is scheduled to be interviewed privately to date by the House Intelligence Committee, which is investigating russian interference in the 2016 election. According to house off
Anna a very warm welcome to daybreak europe. I am anna edwards. Manus i am manus cranny. We have one spared we have one very special guest, tim draper who joins anna and i. Anna appetite for technology generally. More a foreign appetite for japanese stock. [no audio] manus this is your green line. These are the buyers that come. N, the nikkei ambassadors are buying japanese stocks. They bought nearly 6 billion in the first week, the most in 2. 5 years. The foreigners are still underweight and it could be the abe call. It could take you to 25,000 on the nikkei. Anna we watched the politics of there. The japanese stock market up by. 2 . Lets put up the risk radar. The Asian Session is really on pause. Near recent highs. Concerns around the korea coming back to the market concerns around north korea coming back to the market. Not shaking the markets excessively. Outover in the u. S. Geeking new alltime highs. On thes a lot of focus next fed chair. How hawkish is the next fed chair going t
And im anna edwards in london. Lets start the program with data out of the eurozone, specifically out of italy. We had gdp data hitting the bloomberg. Exactly inline with estimates, 0. 4 , the Second Quarter pulmonary reading. That is what the analysts were looking for. Data on abetter number of fronts from italy. Industrial output expands in the Second Quarter. The jobless rate, still too high of course, but coming down. Better news on exports and bank rescues taking place in italy. Those are some of the headlines in the Second Quarter. In line with that, we see this better growth picture, in line with estimates and the previous quarter. Lets look at where we are on various assets. 1. 1720. Urodollar, heading into this we were at 1. 1755. A little bit of sluggishness on the euro. The stoxx 600, up by 0. 7 . Gold and yen, continuing to s lip. Bullishness in stock markets in europe today. Pound, 0. 91. O we are going to get the u. K. Wage data and eurozone growth figures. We got the s p
A very warm welcome to bloomberg daybreak europe, our flagship morning show. Im anna edwards. Manus im manus cranny. Is this a warning sign . This isre so passe, but the relationship between auto sales of the United States of america and the s p 500, and they are virtually lockstep. But that relationship looks as if it could be just beginning to turn. Should we get alarmed at the fact that auto sales have dropped, and still the s p 500 careers higher . Car sales slumped to the lowest level in two years. If you believe it will close the gap, one of them is going to aove, and that could mean 10 drawdown. Is it a warning shot . Anna does the s p fall, did car sales bounce . Is that something in the past, and other other indicators . Is the sector not offering what they want to buy . Lets have a look at the radar risk. This is something that was a feature of the trading day. In particular in japan, some of the auto sectors were week. Weakness in the u. S. Auto sales, strengthen the yen, th
Well dig into the asian trading much more. Stocks are trading lower. More focus on the strength of the dollar and the weakness in commodities. The chinesebased book not helping. Were seeing a bounce in terms of the euro rising. The dollar down by. 5 . The dollar is on track for its best weak overall since the beginning of november. Where up more than one percentage point. Oil might be trading up a little bit higher. Copper, a bit of a bounce back today here at bounceback on the day. I think that will be the focus. We are seeing a slight dish money you money moving into money moving into u. S. Debt. Jonathan ftse 100 lower. Juliette sally standing by. A difference a day makes. The euphoria dissipated in the asian region today led by these falls coming through in japan. The bank of japan keeping its , ¥80l stimulus policy trillion purchase program. Also announcing a purchase program. Governor kuroda clarifying that something investors had worked out, forming an initial spike on the anno