To the week. We are now focusing back on the virus rather than the vaccine. The german tenyear, some very weak inflation data out of germany today, sending yields lower. The price is coming up higher as well. You are also likely to have a scarcity factor coming into play as well. Yesterday indicating that the ecb is going to be on the bed, buying bonds. Hes got to think about what is going to happen in the bunds story as well. When you look at what is happening with treasuries, greece now has at the front end of its curve a negative yield. Just well on that for a moment. Greece is now a negative yielding country, albeit at the front end of the curve. Nevertheless, an amazing turnaround in a relatively short time. Alix an amazing eight year difference that makes. I was just reflecting on the sovereign debt crisis yesterday, so that is an amazing stat. New virus cases may be easing in some parts of europe as virus hotspots could offer a glimmer of hope and some of the worst hit countries
Restrictions known as lock down like germany is seeing a surge in new infections and patients in intensive care. Im Kyra Phillips and welcome to the show starting now with some breaking news of the austrian capital vienna has been targeted in what Authorities Say is a terror attack with multiple armed gunmen 6 locations were attacked in the city center close to a synagogue at least one person was killed and several others wounded the austrian interior minister says the attackers are still mobile police have ordered the public to remain indoors. A local rabbi said he witnessed a part of the attack from his window. Upon hearing some shots downstairs i looked out the window and i saw the attacker running into various bars and restaurants lined up on our street. And people running away and. Want to attack us chasing them or of the street and in front of the bars and restaurants they have tables its a woman night we have. Close to 20 degrees and people sitting outside and he was shooting at
1. 30. Immunereally, it seems, in the pound crosses to the brexit headlines. You get a little bit of movement, but not very much on the headlines being generated out of brussels. Crude down 0. 6 . A cautious outlook coming from opec . The virus story front and center. Alix virus cases. Leaders virus cases surging across europe. Leaders weighing options. Italian Prime Minister Giuseppe Conte is holding a press conference right now, saying they cannot take the same measures as in the first wave of the virus. Joining us with more from roane bloombergs is alessandro. Ndro the milan area has requested a curfew from 11 00 p. M. To 5 00 a. M. To stop the activity, to stop people mingling together and going out for a drink in the evening. This is not enough to stop the spread of the virus. We had almost around 10,000 cases per day daily, below the european average, but still higher than what we have seen just a few weeks ago. We are expecting new numbers for today any minute now. Guy when you
Internet stocks popping higher, even with netflix in the mix. The at the david at same time when the equity markets do not give us a clear picture, we look at things like debt, the 10 year yield on u. S. Government debt, and also the dollar. Is there some thought that stimulus may, in is that affecting the dollar and debt . Theail absolutely, that is bigger driver on the day. When we take a look at the 10 year yield bond, we have bonds lower, that tells us yields are climbing higher. We have the 10 year yield starting to pop out of the middle of a range. Should that continue, and it seems likely to press up closer to 1 , and of course that is coming on the narrative stimulus is around the corner at some point. Then the idea you will have yields continuing to climb. At what point does that spook investors for a variety of reasons . Earlier today it is 1. 5 . In june when the 10 year yield 1 ,allowed was around that is when stocks could be wobbly, selected be what we are seeing today on
Fight against the virus. Netflix plunges in extended trading on disappointing subscriber forecast. They announced the chief content advisor will become joint ceo. This is bloomberg daybreak europe. Getting some numbers from in aton, net sales coming 55. 6 billion swedish kroner. A little bit of a beat there. Operating profit numbers also 4. 5 billiongh, swedish kroner, i had of the estimate of 3. 22. They had to take provisioning in china was a question analysts were asking, and what impact that would have on their margin. The ongoing conversation about 5g and the travails of huawei, how much is that impacting the ericsson business model. Some of the market moves we had seen overnight, stock specifics in corporate reporting. Plenty more of that coming. This is what we have on the data, euro stoxx 50 futures higher. S p futures higher but not by much. The Asian Session has been mixed. Nasdaq futures also higher, despite the disappointment of netflix. , we have had the ecb meeting, but n