Here are your top headlines from the bloomberg terminal. Angela merkel, the radical, the german chancellor throws her support behind the euro stimulus plan. She warns her fellow eu leaders that there is no time to lose and agreeing a deal. Is yet to come. The World Health Organization warns that a lack of International Cooperation means the virus pandemic is far from higher as aks push volatile first half comes to a close. Controversiales a security law after the u. S. Commerce Department Suspends regulation allowing special treatment for the city. As i said, just under an hour away. We are looking at futures pointing lower for the ftse right now. Andttle higher for the dax the cac. See euro stoxx 50 futures and ftse 100 futures are down. S p down just slightly as nasdaq futures edge a little higher. Lets talk about anna lets talk about breaking news. ,hell seeing volume guidance 3. 5 million to four point 5 Million Barrels per day. That is substantially weaker. Weakve seen extremely d
Replaces his long serving prime minister. Attention turns to the shape of constitutional changes to come. Manus a warm welcome to daybreak europe. It aresident because monster deal. The president calls it a monster deal. The meat and potatoes will come in phase two. China is the main loser in this major truce. The question we have to ask ourselves for markets is, this help globalally growth . Nejra the question is, because the tariffs made on two thirds of imports from china, the fact that china seems like the loser here, you wonder how the enforcement is going to work in the big question for markets is, is it phase one and die . We phase one and done . We ever moved to phase two . Manus indeed, those are the key questions. Profit, margins, and the sales number, all three coming through the top end of the estimates. What else do we have on the details . Nejra the First Quarter guidance for sales beat estimates, net profit was above all analyst estimates and for quarter growthth as well
Manus a warm welcome to bloomberg daybreak europe. The world is trying to reprice risk. The sentiment over the past three days has been clearly about either we are fools to reprice to the downside in the oil market or it is an opportunity, a resplendent opportunity, to reprice risk. Amri is chasing the Saudi Oil Minister as we speak. Spoke to a representative from the iea and their comments were interesting in terms of the downward pressure on the oil market. President trump said the world is watching. We are watching that geopolitics but as we wake up this monday morning, there is a little bit of risk coming back on the table. Thes more from one of Energy Delegates from the u. S. Later on. We are busting a few moves. The yuan strengthening. We can debate that with our guest. We busted through the 6. 9 levels. Goldman says you have gone through the trough in growth. You will see a stronger performance met year. We lean into yuan strength. This is about recalibrating risk. Oil had a cra
We are live in brussels. Manus warm welcome to daybreak europe, from london and abu dhabi. One thing we have to get our heads around, have we got a little overly exuberant about riskon a little too soon7the world bank comes out with their growth report. Looking into the depths of it, it is a world we havent seen since 1990. China, under 6 growth. Nejra good morning, and great to see you. We got factory numbers from germany causing some concern. The eurozone, another flashpoint. Going back to jim littell risk, geopolitical risk, it looks like for now we will not see further escalation between iran and the u. S. , but the risk of proxy war is still there, and as the investigation happens into the boeing crash as well, if that becomes a clinical headache for iran you wonder if they could feed into wider risk in the region as well. Manus yes. The question for markets here is whether there will be plentiful supply. Headlines,e, red well delve deeper shortly. Innate pharma, a big miss. The m
Thats across Bloomberg Television and radio. Manus nejra, very good morning to you. Its daybreak europe. There is only one topic. What is going to be discussed in davos in regards to Climate Change . Theres a wonderful piece. Central banks, does this week set the table for Central Bank Policy . What will the shift in gears from the ecb really tell us about the outlook for inflation in europe . Nejra yeah, theres a fantastic piece on the uber talking about peak decade. This is something that will be talking about peak globalization, peak cars, lots of different topics where we can get some direction, not just for 2020, but the whole decade ahead. Looking forward to those conversations. Us go inside the markets. To the dollar, first of all, and this is the important part. Ch bears are back in arge. Theyre pushing short positions back to the highest levels since may, 2018. Is it the end of u. S. Exceptionalism . Do you fight back against yield differential . We have a major story were tra