Daybreak europe, our flagship morning show from london. Lets talk about what has been happening in the markets and what has not. Volatility has not been happening. Ive got this chart, volatility in fx markets. Swings, currencies remaining well below average. Of volatility is something we talked about with our guest on a number of occasions, and seems important to talk about, given we have seen from the g20, avoiding protectionism. Would there be a mention of trade . Will they produce the communique at all . Volatility still at fairly subdued levels, and this is out of the week where global stocks have had their best performance since january, and emerging markets have had their best performance since last summer. Lots to talk about. Lets put up the risk radar it show you where we are in the asian session. The bloomberg dollar index a little bit weaker. Some nervousness around that g20 story. Itsdollar heading for longest losing streak since the trump win, the yen hitting it strongest l
The u. S. Trading day. Lets go to julie hyman, tracking the moves. In terms of s p 500, still in the range of euro modest. Fairly modest. Julie we have seen a 1 move 18 sessions for the s p 500. And we are printing this for the moment. The dow also breaking and seven session long losing streak. The tenure is a little more positive. If you look at the course of the session intraday chart, you are not seeing a lot of movement. This is intraday, as tight as the past several weeks. This is turnaround from stocks trading earlier. There is not a lot of movement or othern the s p 500 averages, we are seeing a lot of big stock movements, individual. Doubledigit gains the companies with earnings. , in theh recovering process of recovering after it posted losses on longterm. The ceo has been moving past that. Goods, thatrting company beating estimates, announcing a buyback. They should be mid to high single digit range. And 3d systems doubled analysts estimates. There is also some losses as well
And manus cranny. French president hollande heads to russia today to enlist the help of president putin against Islamic State, a task made more complicated by turkeys downing of a russian jet. Hollande urged Angela Merkel to step up germanys government been to the cause. Ryan chilcote is in moscow for us. Things have changed a lot since hollande first planned his trip to russia. Update us. Russias spat with turkey is only growing. Russia today announcing new restrictions on turkish imports. There is some talk that they could go after food imports. It looks like they are going after industrial goods like detergent, some food imports. This after many russian tour operators canceled packages for russian tourists to turkey. Turkey is the biggest destination for russian tourists outside the former soviet union. This is a trade response, not a military response. If you look at the ruble today, you see something interesting. Thisuble down just a cad morning, but so is oil. You look at the las
Guy it turns out that i am sitting in for Francine Lacqua whose got laryngitis. Tom keene is off for thanksgiving. Happy thanksgiving, by the way. Hes projecting onto you. Francine here is the bloomberg first word. Fry mints french minister says it is possible the terror attacks could affect the countrys economic growth. Will meet hollande Vladimir Putin and moscow later for talks on tackling the threat posed by a mcstay. After the french leader yesterday pressed Angela Merkel for grearter commitment. David cameron will large prominent to back his plan to extend British Parliament attacks on Islamic State into syria. It is a move that is likely to split his conservative party and the opposition labor party. Yesterday, he told mps i. S. Presents a clear and present danger. Industrial metals have surged after chinese regulators were said to be considering a program to shortselling. Nickel, copper and zinc have rally. The euro has had a sevenmonth low as investors speculate the European C
They revised september to the highest and leaving germany to a dire situation as we previously expected. What is everyone expecting . What the ecb is really doing and yesterday was such disappointment, draghi not bringing ahead the stimulus that had been wanted. Saying putting it off until these january two reassess the situation as to whether we need fullblown quantitative easing. Many feel he is just trying to get his ducks in a row and convince the rest that this is the course of action necessary. 1. 5 . Up more than clearly a lot of appetites out there. We are seeing the euro pretty much trading while flat. Oil continuing to trade lower at the moment. A full day of the klein on oil. Of course that continues to put pressure on prices. Lets have a look at the market for you. Maybe a little bit of arise in yields for the 10 year. Appetite to buy into debt by three basis points and spain as well. Appetite for risk once again being shown and bond buying. Also of course is this really be