Stocks declining for a second day. A slump in chinese equities in a , which is why we might see exacerbated moves. More dovish than expected Federal Reserve. We had the minutes yesterday. We are getting pmi edit europe, better than expected. Better than expected if you look at services. Manufacturing also that are than expected. Manufacturing also better than expected. We are looking at a pretty strong economy. Au will get to europe in second. Eurodollar currently 118. 45. Coming up, we speak to alexander stubb. Brexit talk to him about and the eurozone. In the meantime, lets get to the bloomberg first word news. Democratsmany social are ready to start talks with Angela Merkel. Totin schulz is prepared offer her limited support for a full term. It is said he could back her in a minority government but not but would not offer another grand coalition. Philip hammonds budget has been welcomed by members of the conservative party, while stilla mays future is questionable. Some ball boy the
Im Francine Lacqua, lets check on your markets. European stocks are a little undecided. They were lowered today following things in asia. We saw a little bit of a volatile session for the japanese equities. Opec meets on thursday. , Peter Oppenheim or joins us shortly Peter Oppenheimer joins us shortly. Morning, wen the will speed to british billionaire investor David Harding. We will talk about Artificial Intelligence and its impact on market performance. Here is the first world news. Of julius baer has resigned. Bernhard hodler will replace him. He has been a member of the executive team since 1998. In the u. S. , republican lawmakers are scrambling to lock up the votes needed to put a tax bill on Donald Trumps desk by the end of the year. The cbo estimated the effect of the bill on the deficit that has not had time to look at employment or economic. A federal judge will decide which of the two people runs the Consumer Protection bureau. English, Deputy Director english liandra asked
Dropping as the british Prime Minister found herself under renewed pressure as brexit talks also in a very crucial moment. What also i am looking at is a little bit of subdued ftse. The overall european indices moving sideways, a little bit on the lower side. I dont often look at bitcoin, but slumping significantly after the cancellation of a Technology Upgrade, prompting some users to switch. First, lets get to the bloomberg first word news. Nejra u. S. President donald trump has said he has a great little restaurant just a great relationship with the president of the philippines as he ignored questions about narcotics. In saudi arabia, a senior official has said king salman is not looking to abdicate in favor of his son. Wasaid abdication unthinkable, especially because the king enjoys perfect health. Haslebanese Prime Minister dismissed speculation he is being held against his will in saudi arabia and plans to return home within days. He made his first Public Comments since his surp
A key conversation. David Central Banks prepared to talk about talking. Yousef it is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. David some markets entering a lunch frank here. Lunch break here. Nothing really happened this morning. Nothing moving the markets. Changes,pacific, some but there we go. That tells this story. A very uneventful day for markets. Copper a pickup overnight. A lot of big contracts. A little more upside now, 1 . Have a look at my bloomberg chart. Yields nowyear bond crossing 4 for the first time in three years. Andmber of brokerages analyst saying because we have crossed this psychological line, prepare for the bond rout to deepen. ,nflation might be picking up and this deepening Deleveraging Campaign is making its way through the system in the form of what we showed you there, higher yields on the mainland. Yousef some other asset classes, hedge funds now working on rising crude. Take a look at what th
Abu dhabis National Energy company, another m of prolonged resist and oil. Its 8 00 a. M. Across emirates, this is Bloomberg Markets middle east. Get you up to speed in terms of the melody, the rhythm, in terms of equity markets in this part of the world. We are two hours away from the open. This is how the gcc pans out. You can see Downside Pressure that oil price is putting significant risk into this equation. There is a lot more conviction in overall volumes. A 60 jump. Retailer is jumping a 10th of 1 . Of telco down 10 . Also more petrochemicals are expected to report earnings in the coming days. Saudi stocks of been the worst performers in the last trading day. Egypt and oman were close for public holiday. We are looking forward to some Inventory Data from that your iap we are seeing big moves on the gcc bond. Bits tightening a little further. As the optimism and equity rallies, the momentum continues 1060 4000. T turkish lira is in focus because we have the Central Bank Decision