And fighting on all fronts. The tory rebellion over Boris Johnsons coronavirus powers Gains Momentum as brexit talks enter a crucial week. 6 00 a. M. In london. Annmarie hordern is out for the day. A solo show. Morphing tol risks the center of the barbell. Inmorgan warned very clearly terms of where we are. We are moving toward a point where correction is overdone. Moves from the tail into the middle. It is the size of the risk you have to measure. Lets take a look at what jp morgan has to say. Three quarters of the way done. We have moved straight to the markets. Lets have a little bit of a look. Csi 300 industrial profits up in china. That has bolstered the equity story. Standard chartered shows a moderating in the growth story in china. An eighth of 1 . The s p 500 up 0. 4 . Lets roll it across and have a look at other products on the move. Oil is moving. Its going to be a long road to recovery. The commodities story is reflective of the dollar story, but also this morning in terms
The kings speech slammed on accessible unacceptable disloyalty. For annal in a prepares independence declaration. Profit the operating eating estimates. The stock opening in under 30 minutes time. We will see hear from the cfo of tesco. Equity markets go we get the first trade . We will see a reasonably flat open. The dax playing a little bit of catch up this morning. It was close yesterday. Lets talk about what we see around the world from the gmm. This is the picture. The bloomberg dollar index down by. 3 of 1 . That feels like the market is pricing in a more dovish fed. We will wait and watch and see what happens and talk to mark cudmore. Australias dollar moving an inverse correlation. Pay attention to what is happening down under. Bloomberg is speaking with the russian president Vladimir Putin. That is taking place in moscow for you and the Russian Energy weak 2017. Do not miss the discussion that he is having with john fry. Lets get a bloomberg first word news update. Heres julie
Im guy johnson. Anna about 6 00 here in the morning in london. We had a turkish election. The Market Reaction is already pretty clear. A stronger turkish lira. This is it versus the u. S. Dollar. That is the game that the turkish lira has made and the loss of the power of the u. S. Dollar. Erdogan says the world must respect this decision. We have got some numbers coming through. Ryanair just reporting profits up by 37 . A little bit cautious about the winter. Laterl get some analysis and talk to Michael Oleary. Lets talk more detail about the hsbc story. Thirdquarter profits Beat Estimates. This is a global bank but it is europes largest bank. To darren inow hong kong. Why are the numbers better than expected . 6. 1 billion on the pretax reported by hsbc. Analysts were looking at something in the area of 5. 2 billion. Analysts cant even cant usually gets in advance certain items and hsbc usually pretty transparent. Namely, we are talking about lower fines and lower settlement payments
This is switzerlands number one insurer. Interim ceo guy he has been struggling to turn this around. The reality maybe coming home to roost. Anna they have been trying to equity, and other targets which were apparently thwarted. Guy lets get you the bloomberg first word. Manufacturing pmi has dropped to the lowest level in three years. In atficial reading came 49. 6 in november. Six Central Bank Interest rate cuts in your have not been enough to slow refectory manufacturing. In a historic move, the imf will to its list of reserve currencies. The euro lost the most with the changes. They Australian Dollar held a second day of gains after the reserve bank kept rates unchanged at a record low 2 . Ill ise seventh month makers have left the rates untouched. Morgan stanley is planning to month policyh makers have left the rates untouched. Morgan stanley is playing to cut fixed income jobs. Shares rose on the news. David cameron calling for a vote tomorrow on extending airstrikes into syria.