Will it make its way back to zero . Seems to be part of the conversation building in markets. Barrelumped above 65 a as supply disruptions in iraq brought concern to geoPolitical Risk. With more is Annmarie Hordern. Detention we are seeing in libya and iraq come very different in nature. What is the impact of these on oil supplies . Annmarie they are both geoPolitical Risks to the oil supply. In libya, the government says we could go to 72,000 barrels a day. This has to do with the eastern military commander. He has a blockade now on the port, so actual supply is not disrupted. The market may be shrugging off a little bit because in days or hours, that blockade could be lifted. Iraq, while it is a minor disruption, which is producing more than 4 Million Barrels a day, it opens up a window of worry. Just last thursday, the iea says iraq remains very vulnerable. It is more about could the supply threatened become much bigger. Anna they are overproducing their opec target. Annmarie this c
Saying. We are getting headlines out of the iea. It depends on what is happening in the middle east given what has happened in iran and the last 15 days. The International Energy agency saying the oil supply is a vulnerable as middle east tensions flare up. Ieas always good to see the thinking. You can see the brent. Stocks are gaining 0. 4 . We are we have to see and i will show you later that we have a tight range when it comes to treasuries and dollar pound. Significant one because there is more bets that the bank of england will cut rates in january i believe january 30. Coming up, we hear from the chief executive of allianz. Something you do not want to miss. That is coming up a little bit later. Lets get to first word news. Viviana we begin here in the u. S. , the house of representatives sending two articles of impeachment. It is the first step to begin Donald Trumps trial almost certain to end in acquittal. Chief Justice John Roberts of the u. S. Supreme court will preside over
The stoxx 600 flat, u. S. 10 year yields back to a level beside couple weeks ago at 1. 85, on the back of an easing of tensions regarding the u. S. And the middle east. Looking at brent crude, wayside volatile week, but ending friday at 65 and . 23. Coming up later, we speak with mary kudlow after the u. S. Jobs numbers are released, and that time. 2 30 p. M. London lets get straight to the bloomberg first word news in new york city. Bill begin with a brexit that clears the u. K. House of commons. It puts an end to the parliamentary gridlock that caused theresa may her job. The bill passes to the house of lords. Johnson wants it to become law by the end of the month. Federal reserve Officials Say policy is appropriate amid solid u. S. Growth, but there is a risk inflation that continues to fall short of the 2 target. The vice chairman telling the council on policy is in a good place. The fed leaving rates on its final on hold at its final meeting in 2019, signaling policy is on pause.
unless the board has at least one person who is not white, male, or straight. nejra: welcome to bloomberg daybreak: europe. a number of markets closed in asia ahead of the lunar new year, including china and hong kong. not a huge amount from u.s. futures either, up just 0.1% after a bit of a muted session yesterday. the european session could see quite a big bounce back from yesterday s session. risk coming back on the table. that is reflected in the 10 year treasury yield as well. it has dropped about 10 basis points this week on the general risk off. citigroup saying we could get 1.50 could get to a handle. euros-yens across is thecross euro-yen cross you want to look at. a lot of eyes going to be trained on the pmi data out of the u.k.. it comes from the eurozone as well. will that pmi data save the pound? brent firming up a little bit, heading for a third weekly drop on oil on the risk off sentiment around the coronavirus. the latest on the coronavirus outbreak i
the death toll rises. the government expands its lockdown to 30 million people. plus, the chief executive with power. good morning, good afternoon, and good evening, everyone. this is bloomberg surveillance . i am francine lacqua at the world economic forum in davos. july,s for the month of actually, the month of january, services following the 52.2, the forecast pretty much in line with expectations. are your go, there markets, these dog gaining, you re a 10 year yield at 1.75 the euro 10-year yield at 1.75. christine lagarde spoke to me earlier this morning. ms. lagarde: if markets are interested in what is happening in the next 12 months, we should not pay too much attention to the strategies, because we are conducting two different exercises here. we will have our monetary policy access met and review, as usual, every six weeks, we all get together, we look at the numbers, we look at the markets, we look at the views of the citizens, in terms of inflation expectations