Nejra welcome to daybreak europe. If you are getting ready to kick off new years eve celebrations, were not seeing a lot of that in risk assets today. Quite a number of markets, bear in mind, are close today, including japan. We dont have the cash treasury trade either. A little bit of red on the screen. U. S. Futures perhaps pointing to a stronger open. A stellar year for Global Equities in general, the best year since 2009 the best year since. Fx, a fourth down day for the bloomberg dollar index, all the g10 currencies gaining against the greenback. Dollaryen, seeing yen strength at 108. 69. Euro near a 12month high. Butslipping a little today oil is heading for its best year since 2016. In china, a little optimism, even though it may not lift the market. The gauge of chinas Manufacturing Sector held steady in december, evidence the worlds secondlargest economy is stabilizing. The outlook for new export orders expanded for the First Time Since may 2018. On the trade front, deleting w
We are under 30 minutes to the close on equity trading in europe, and we are seeing some gains in european equities. A bit of by divergence between europe and the u. S. You can see broadbase base looking at the regions, the euro stoxx 50 up. Ibex is one of the better performers, up. 7. We have seen gains on the dax and cap 40 cac 40. Overall, equities are in the green. The fx space has been the story of dollar strength, bouncing back room a threeyear low. Euro down. 5. Cable unchanged. Not such a sizable move in that fixed income spaces. Of movement there. If we turn our attention to the stoxx 600 and what is happening within the Industry Groups, most are gaining on the headline level in the benchmark up. 4. Construction and industrial Good Companies leading gains and lagging are commodity producers, down. 5. Thanks also underperforming. Banks also underperforming. To the fx space, i was talking euro weakness. G10. Did well compared to the games have slowed as the rally in the yen has
Gary. Mark lets take a look at european equities right now. 30 minutes until the end of the session. It is a race on our go function. Equities are declining like they did last week. All of these are falling in the Second Quarter against the dollar. We are seeing yields rise. The highest level since 2015. Hit this critical phase of the french president ial contest. Cbs has lots of Corporate News to tell you about. Shares did rise as much as 4 earlier. The top estimates outlined this broadband Investment Plan designed to turn the former monopoly into a carrier on premium content under the chief italia. E Telecom Broadband services while facing new competition. Shares are up by 1. 7 . Led a surgeorders in the investment goods demand, suggesting a strong run of europes economy at the end of last year is set to continue. All of this a just for seasonal swings in inflation, and when they fell, a revised 3. 6 . It is included in the threemonth average. The purple line, which you can see is on
Pulse. Live from bloombergs European Headquarters. Lets get straight some breaking news. To 51. 2. Falling the initial rating was 52. 1. They are pretty much in line with where economists were expecting them to be. Repressing them a touch on the back of this great bloomberg ecb scoop. Currencies from emerging markets falling. Monetary policies are turning commodmmodity of itive. The vixx index pretty much unchanged as well. Watch out for that amazing scoop out of frankfurt. Our team there led by paul gordon. It will to paul in just a couple of minutes. Lets get to the bloomberg first word news with nejra cehic. Told aecb officials bloomberg the bank will wind down bond purchases before ending its program. That may happen in temps in steps of 10 billion euros a month. The euro climbed to a threeyear mario draghi said qe will continue until next year. Frey good like says Jeffrey Goodlatte says it may help prompt central bankers to reconsider their approach. You cannot save you faltering
Pulse. Live from bloombergs european headquarters. I am francine lacqua. We are getting a little bit of eurozone breaking data. This is a picture of eurozone services, pmi is to 2. 9, a touch , because it is slightly better than expected. We were expecting 52. 7. 53. 2 instead of 52. 9. That is better than expected despite that betterthanexpected eurozone figure. They are holding off their losses. Banks were the biggest decliners. Aday, a lot of earnings little bit of pressure on the back of commodities. Today, banks seem to be the bright spot. You can see the all of the that you can see the index gaining you can see the index gaining. Pound 133. Lets get to the bloomberg first word news with nejra cehic. Nejra after taking accounted for two months, Global Oil Prices are set for a violent reversal upwards. Andy hall is telling his investors. In a letter obtained by bloomberg news, hall says oil supply is getting to strength is beginning to shrink. Donald trump said Interest Rates set b