Lets get your headlines for you. Beijing cansles flights and orders schools to close as chinese cases of the coronavirus rise. Infections. New jay powell said the fed will use all tools to defend the economy. Robert caplain said healthcare policies are key to recovery. Indias defense stocks gain after the first deadly clash with china. The first clash resulting in death between the two countries in 45 years. Now we have e. U. Car sales coming out and the drop is substantial as you may expect. 57 is the european car sales drop in may. This comes after the much bigger plunge of 78 in april. Car sales falling by more than half. 57 in may after the 78 plunge in april. Of course that is not unexpected considering the fact that most of the month at least Car Dealerships were closed in many countries in the European Union. Just under an hour away from the start of cash equity trading in europe. Lets take a look at futures this morning. As we said, a little bit of a pause in the risk rally. Ts
Will affect business in the year ahead. Away from thetes monday session. For the fourthng consecutive day, best run since november 1 after the strongest weekly gain for the european benchmark. Since may it rose. Currencies falling against the dollar. You have bond commodities closing. We have much to chat about. There is a big to expand medicines for blood disorders. Novo. Ls comes as it has joined a flood of similar treatments from the biggest drugmakers. Competition is heating up. Economic measure of sentiment. From 2012, heading in one direction. It is the highest since 2000. Added to measures of economic activity, the strongest in seven years. Employment continuing to decline in the eurozone. Growth in 2017 was the fastest pace since before the financial crisis. It is forecast to be almost impressive as impressive. Records. Showing that is billy blue. That is the blue. It has 120,000 contracts. Dayinutes into the trading in the u. S. Abigail, how is it moving . Abigail there is mix
A little bit of movement when it comes to the stoxx 600. Its gaining 0. 8 . A lot of investors are trying to figure out if the encouraging Economic Growth from last week will continue. We are exposing data out of the eurozone. For the first time in a long time i have decided to look at the korean won. This is after the central bank said they could intervene. You could see, currently at 1066. We will talk fed and risks to the global economy. Plus, we talk geopolitics with daniel tenenbaum. And we have the exclusive interview throughout the program. We bring you our conversation ermotti. Io reporter after a year marked by a disaster and snap election, theresa may is looking to enter 2018 on a stronger footing. The british from minister ended months of speculation and concern for the Cabinet Reshuffle. It is no surprise. Damien greens departure means some changes have to be made in i will be making some changes. Reporter the u. S. Federal reserve will need to pick up the medce as the slam
Ipoint banks for the aramco and allows women to attend football matches. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Remember the handoff from the United States, gains for a fifth straight session. The european session was strong. We saw the biggest weekly advance since april. We are seeing risk assets continuing with strength into 2018. Outlook from companies will dictate the next move for indices. The u. S. Dollar weaker after pretty much snapping a set of declines. Youre looking at again story standing out. The yen up the most in a week after boj reduced purchases of superlong bonds. Yen slide is looking like a risk aversion team. S p futures a little retreat. Zinc futures outcome of the story around supply side risks, the squeeze around those stockpiles. Lets look at other key risk assets. We have a story on brent crude. Just above 68 a barrel, up 1 . U. S. Inventories have decline for an eighth week. U. S. 10 year study at 2. 49 . This is a story of tr
This is the second hour of. Aybreak asia just after 7 00 p. M. Here in new york. We have breaking news on singapore. The final gdp numbers for the Fourth Quarter coming in much better than what was prior 12. 3 quarter on quarter have also much better than what was initially reported. Resulting in an annual gdp rate of 2 . There is a lot of concern about this exportoriented economy, what trumps policies might mean for singapore in the future. Trade is definitely one sector. Still faster than the Third Quarter but it seems like the construction sector shrank. Manufacturing grew by 11. 5 year on year. Once singapore starts trading in we will also get exports at the bottom of the hour. A lot of news happening. First off lets get the market open. Asian shares looking to follow up the drop on wall street. Asiapacific gauge is at its highest since july, 2015. We have china futures pointing to a higher open. We might not be done yet. Take a look at the markets that are open. Australia continui