It is a bank holiday. A lot of the data in the u. K. Closed. The ftse is not trading today. I still want to give you a quick snapshot of whats happening across europe without the ftse 100. It is down some 0. 4 . Dollareuro is the one im keeping an eye on for the week. Maria draghi, the ecb president , refrained from talking down the euro. This is what im looking at. Im looking at dollar. Kuroda,peak to governor a fantastic interview by Kathleen Hays. Crude oil, 47. 43. We are seeing a Little Movement for gasoline prices. It could also impact the oil prices. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra in the u. S. , houston is battling unprecedented rainfall following the biggest storm in the history of texas. The down for has crippled the core of the u. S. Energy industry. Gasoline has surged to the highest in two years. The president of the cleveland fed urged her colleagues to look past recent inflation data and stick to their gradual pace of lifting Interest
The hang hishanghai slightly lo. In europe, green arrows across the board. The dak x is up by 0. 4 . The cac up by 0. 3 the ftse up by 0. 2 . The dollar, which has been under so much pressure, you look and you see today the dollar sup against the euro, back below 1. 20 this morning it looks like the dollar yen is at 109. 89. Check out crude oil and gasoline prices, crude Oil Yesterday at a onemonth low. Its down once again this morning at 46. 18 rbob gasoline up nearly 6 yoed yesterday to a twoyear high of 1. 82 sits at 1. 83 this morning as we quont to watch the reficontinuec those refineries shut in with the additional rainfall. Gas prices at the pump could go up to 2. 60, 2. 70 we were thinking 4 dollars was the norm even after this, its amazing that were in a different kind of and can you believe that people that supposedly know what theyre talking about said crude would go down and gasoline would go up because youre not refining as much you get a glut of crude . A scarcity they we
Past 9 00 a. M. , we are an hour away from the open of asias first major market and the start of a new trading week. It is just past 6 00 in new york. Weekend for Central Bank Policy makers the world. I spent the last three or four days in new york. It is kind of like a monetary rock festival. The final act, the g 30 this weeing in new york, the hours in hong kong. We had janet yellen, kuroda, it was amazing. Yes, sort of like coachella for nerds. It is interesting. This kind of mantra of saying we are going to get tightening and we are on track, and yellen and draghi are saying inflation will pick up next year. Have we all been underestimating it . There you go. We will get into this quite a bit through the show, and including the inflation number , a little bit of a sour note but ignored for now. Trying to say quickly, stocks close higher across the border, across the board, bonds rallied after the cpi came in weaker. You can see s p up two points, the dow up about 1 10, the nasdaq g
Welcome to bloomberg daybreak europe. Breaking news coming through on the bloomberg terminal. Toshiba is set to sue western billion. Or ¥120 this is lawsuits rising. Toshiba seeks a permanent injunction against Western Digital. Developed y has talking about memory they delivered earlier. This is email saying theyre 120 billion yen. We will get more on that story and bring it to you. When it comes to rockstar central bankers, there arent many that have the ability to move markets like mario draghi. Have a look at this. This is the euro, and hes pushing it higher. Is atoomberg euro index the highs level since 2015. Look at the bottom of your screen, you will see that. You also see the bund market move aggressively as well. Thats what rocks the market. , where on track quarterly gain in six years. He has shifted the dial in terms of what we can expect from the European Central bank. The barriers to the upside of the euro are potentially getting busted and Political Risks are fading. This
It is losing its grip on the pc market. We end the week we started the week with geopolitical sermons over north korea. That has dissipated to a sense and now we have the vix spiking. The s p seeing it secondworst decline of the year. That was on continued political dysfunction out of washington. The Trump Administration in a state of policy paralysis as the to speak continues about charlottesville events and through his twitter page. Playingrisk aversion into the u. S. Session. I want to go to a click chart because this is a data point macro line we are looking at this hour. We are getting china property numbers, and what we have seen is this calm down for major cities. Beijing and shanghai seeing quite a sharp slowdown when it comes to stocks in these major cities. Moving quickly to quell what was seen as a property bubble. There were concerns of Housing Affordability and speculative line. We have seen the slowdown in prices. Bit moreing a little moderate because these measures have