On the fed Holding Interest rates until at least december. Sec approves trade products tied to ether, opening the door for a spot etf, and we are live at the g7 finance meeting in italy where ukraines allies are wrestling over a deal to use frozen russian assets to support kyiv. We will be speaking to a secretarygeneral later this hour. Lets check in on these markets, global stocks at bonds up for weekly declines. The good news on the data front, bad news for the markets team is a back with u. S. Activity data. Composite pmi, services, and manufacturing strengthening the most, composite and about two years. That led to a selloff on wall street. European futures, a losses of point five of 1 . Consumer confidence picking up for a second consecutive month in the u. K. Losses across the ftse 100. S p futures looking to modest gains after losses of yesterday. Nvidia was the bright spot yesterday across the u. S. Equity space with gains around 9 . Lets have a look cross asset. You did see a
Kriti good morning. Welcome to bloomberg daybreak europe. Im kriti gupta in london. Israel tells the you and the palestinians in northern gaza need to move south within 24 hours. Residents are bracing for a ground offensive. The u. S. And qatar agree to hold off distributing 6 billion in iranian oil revenue. Iran is warning to a new front mate open is really if its really where crimes continue. Global stocks are under pressure as treasury yields surge around the world. Lets get a check on markets because the geopolitical situation is evolving quickly. When you look at the markets, they have their eye on the inflation data in the u. S. Yesterday. That is crucial in terms of market trade. Euro stoxx 50 futures down 0. 3 the surge in bond yields is starting to see pain in the markets. I thought we were done with the higher bond market story which weighed on the valuations and profits of big Corporate Companies in the u. S. And europe. We are seeing a pullback and what happens when the rea
The yen hits a fresh 34 your low reaching 156 after the boj colds rates steady and tweaks its language on the bond buying. We bring you the latest reaction at head of the Governors Press conference. Wall street higher thanks to a boost from big tech, alphabet and microsoft shares surge on earnings beats as fuels demand. Hopes of dampened as the u. S. Economy slows well price pressures move higher, traders pare rate cut bets as the focus shifts to bce data out today. You put from the tech story certainly on the earnings front. We will break down the gun story as we lead up to the conference 7 30 u. K. Time. The opitimism coming through, alphabet coming through this first dividend ever and to Share Buyback as well, and it is proving both of these companies that their investments and i are now paying off. European stocks pointed up by. 6 of 1 . Ftse 100 futures as copper pops up higher on the session. S p futures building on the optimism around the tech story looking to gains of. 8 of 1 a
Investors look ahead to earnings from the magnificent seven and from europes banks. U. S. Aid passes the house. Volodymyr zelenskyy says billions in new funding could help kyiv retake the initiative against russian forces. Plus, tesla Slashes Prices once again amid a drop in sales and its stock price as the headaches pile up for elon musk. Eyes turn to the crucial Earnings Report tomorrow. Lets check on markets then. Unwinding some of those risk off safe haven moves. A little more optimism percolating through markets, and there is a look ahead to the earnings season. 40 of the s p coming through with earnings this week. The mag seven about half of those companies, starting with tesla on tuesday. Then you have data out of the u. S. , growth data and the feds preferred inflation gauge which comes out on friday, will we be hearing from head officials around the need for higher for longer around the interestrate environment . Futures in europe pointing to gains of 0. 3 . Looking at s p fut
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