Im Francine Lacqua here in london. We saw a huge plunge in the markets overnight in the u. S. We saw quite a lot of pressure on the nikkei. 1. 6 . 600 now down i will show you a chart of the stoxx 600 in a second, you will 3 , downit was down 4 , and now it is kind of stabilizing at down 1. 6 . 37 can see the vix index. 32, now we have not seen that level for a while. Eems to be finding we focus on the selloff with the chief Investment Officer. We discuss oil prices in our interview with the ceo of bp. We talked the vixs historic spike. We focus on the markets, we also have quite a lot more throughout the program. Lets get straight to the bloomberg first alert news. Heres Juliette Saly in singapore. Juliette the president of the minneapolis fed says he does not think a financial crisis is imminent despite the turmoil. He made the comments in an exclusive interview with bloomberg. If they are pricing in a lower young term yield, that could be leading to higher valuations. I dont see a f
Good morning, everybody. This is bloomberg daybreak europe. We will get into the big picture story in a moment. Breaking news. We are waiting for the Banking Sector to wake up with bnp numbers. Numbers coming through. Lets talk about what they have got to say this morning. They have decided to accelerate the pace of investment. Fourthquarter net interest income. That is ahead of the estimate of 6. 27. They have increased their mortgage volume income. This is a bank that is very exposed to the swedish Housing Market, of course. The impact of the slowdown we have seen in this Housing Market for this business is crucial. We have seen the biggest slump since the financial crisis, even as the economy has been growing faster than average for europe. Saying they see signs that pressure is easing on this Housing Market. Headlinerucial, the coming through. Manus we are officially in a correction. Falls by 2 from the high point. I said to you in the headline that the asian markets were careening