Stocks and bonds telling off after u. S. Inflation came up for a third time in a row. Next up, its all about the ecb. Rate cut bets getting paired. Volatility surges in the euro. We are live in frankfurt. Oil back in focus as the United States warns of imminent strikes on israel by iran. Negotiations on a cease fire are ongoing. Quick check on the markets as we digest the geopolitics and Monetary Policy. Futures, a little bit of outperformance in europe. I say this with a wagon of caution here. Youre a stoxx 50 futures unchanged after a major selloff in the state. Europe also outperformed in yesterdays session. How much of that is a reflection of what we may hear at the ecb today . Things seem virtually unchanged. 5208 on those s p contracts. Lets talk about the cross as i picture as well. The bond market is fascinating here. Weve crossed 4. 5 on the 10 year yield. You are seeing a bid into bonds this morning. Again, a move above 4. 5 percent. 20 basis point move in just one session. T
Said Deutsche Bank ceo is to be losing support from top investors. Anna welcome everybody. This is bloomberg daybreak europe. Im anna edwards. Manus im manus cranny. This is the s p 500. The u. S. Market is in a bull run. 10 years ago was the anniversary of the last bull market. Past decade,in the it is up over 100 . What made up that rally . Reinvested dividends. That was 40 of the overall gains. The rest came from the share price gains. By the way, we havent had a 2 move in the s p 500 so far this year. Weve had positive returns every month for 10 months and we havent had that in the history of the s p 500. This is a lesson for the Financial Adviser why you want to be in long stocks. Anna all that talk in september, once again we are in that mode of things for october. A great line of the daily profit talking about what happens when you get all highs on equity markets. Analysts bringing down their earnings estimates. The daily profit column sees in the market in the u. S. On the risk
Daybreak asia. It is after 8 a. M. Not a lot of guidance for asia given the fed left rates unchanged. No indication of where to go next. Investors are wondering what will come out from the white house. Fors interesting as we wait developments. In asia it seems like we are on the way for another event. We do have the fed out of the way. We are seeing one of the best januarys in years and the data, we talk about chen yet china manufacturing, the cpi for korea came out last hour was pretty good. Lets look at how things are working in the asian market. Tepid start fraser. N pick upe the ye slightly after seeing swings overnight. It did track closer to 114 in the wake of the fomc update. Looking still around the 113 handle and the aussie just around, below the . 76 level. E surplus is forecast to rise to a fiveyear high which could the aussie to that 76 and mark. The kiwi is falling although pa ring its earlier drop. Traders are saying this is coming on the back of a media cattle a breakout
Vote. Reports suggest cyber monday in the u. S. , sales hit a new record, clipping 2 billion for the first time. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello. Welcome to todays program. Were just over an hour into the trading session here in europe. We are down once again. Decliners being outpaced by advancers by a ratio of around about 7 to the on the Dow Jones Stoxx 600. The if it is ft. Yesterday was down from 55 points. You can see at the moment, down 0. 3 . Take a look at where we stand on some of the individual sectors, as well. No sectors at the moment in positive territory. Basic resources once again. Its been a year of underperformance for the resource sector. Spot gold, bouncing off after hitting near those fivemonth lows at 1222. Copper is a little lower. The spread between west texas and brent now getting ever wider. There seems to be more u. S. Supply coming on board. The question is whether the weakness in the u. S.
At haneda airport. Now japanese leaders havent hosted a u. S. President as a state guest since bill clinton in 1996. Obama will dine this evening with Prime Minister shinzo abe. On thursday, hell attend a welcome ceremony at the imperial palace, where hell meet with the emperor and empress. After that, obama and abe will hold their summit. Theyll talk about a range of issues from trade to security to regional relations. Now abe and obama are expected to issue a joint statement. A draft says the decades old u. S. Japan Security Alliance will play an Important Role in maintaining Regional Peace and prosperity. Their discussions will also touch on north Koreas Nuclear development, chinas military expansion, as well as the situation in ukraine. Now president obama and Prime Minister abe will hold a press conference after their meeting. You can watch it live right here on newsline. Now, president obama and Prime Minister abe have plenty of ground to cover in a short amount of time. Nhk worl