We are live at the Abu Dhabi Petroleum exhibition. Yousef it is 8 00 a. M. In dubai. I am yousef gamal eldin. Was rather lackluster start to the trading week. Not a lot of earnings coming through to support these markets. The rest of asia not so. Are across where we , akets in the asiapacific fairly mixed session across the benchmarks. Down. 3 . Also some Movement Across chinese markets, up 2. 5 . Region, somein the changes if you will to the hang seng index composition, some movement in Cathay Pacific down. Things to note as we make our way into the latter part of this asian trading session. A slow start to the trading week. Lets get into the trauma that took place on day one of the dubai air show. What an upset. The press Conference Room was filled with people in anticipation of the deal with airbus. Billions of dollars in additional odors. Orders. What came through was boeing dreamliners, not just an upset for airbus, that further a350 program. Tie down aable to deal with azerbaijan
A very dust anna a very warm welcome to bloomberg daybreak europe. This monday morning i am joined by matt miller here in frankfurt. A lot going on today after trumps world war i whirlwind tour in asia. Of course, that airbusboeing story. Anna were getting headlines. Oing through coming through the headline on the story around the fact that boeing seems to have beaten airbus on day one of this with the big deal. The emirates ceo saying emirates has the capacity. Could there be some upside to airbus on that story . Lets pause that conversation. Lets talk about the markets. One story i wanted to bring up is the pound. I have this chart here. The pound hasght been taking. Reports of tory rebels, a mini cabinet to. Cabinet coup. We have to wait until march until we get trade talks . A bill goes in front of parliament tomorrow. We have a host of data coming out of the u. K. It could be a busy week for those watching u. K. What else have you got in our risk radar . First off, the nikkei, a b
Today. They are all falling led by greece. Down by over 1 . European stocks falling for the fifth day. Worst run since may. Sterling is down. We will come to that with David Blanchflower. Finalcommodities is your three columns. A quick peek at the european economy. Its on track for its best year in a decade. Headed towards a golden period. Still, the recovery is lagging behind that of the u. K. And the u. S. Growth is nowhere near levels recorded at the start of the millennium. Unemployment in the periphery still exceeds 10 . This is from 2008. Thats the starting block. Real gdp. Lets get to brent crude. Hedge fund bets on rising brent crude prices hitting a record high. Continued tensions in the middle east sending prices to their highest level in two years. Raising their net long positions by two point 4 to a record. 543,069 contracts in the weekend of november the seventh. Long surging by 2 to an alltime high. Short tumbling 2 to the lowest level in more than a month. China. Nt to m
Today, abigail. At a bullish reversal. Stocks have been lower, not in a big way, modest to small declines, but now we are looking at small games for the major averages following last weeks decline for the dow and s p, the first time we saw that happen in nine weeks. Perhaps a trend shift as tax reform hope is perhaps stalling. You look at the smallcap index, down 2. 5 from its high. Dad transports down 6 from its high. There is the possibility that stocks are preparing for a pullback. Had a selloff, not just in junk bonds, but in bitcoin. This is a oneyour chart. Very unreliable when it goes below the 50day moving average. When that has happened the last two times, down to the 100day moving average, that would represent another 25 decline. If it were to go down to the 200day moving average, that is longterm buyer stepping in. That would represent a 50 decline from current levels. These have been pretty reliable from the past, so keep an eye on that 50day moving average. If it goes belo
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