euro area for the month of february. pmi at 52.8 is that compares with the previous reading of 52.3. this is what i am looking at in the stocks europe 600. a lot of focus will be on the trade deal between the u.s. and china. investors trying to digest with china lowering the growth target means for their portfolio. 1333.uro-dollar, 1. coming up, we speak to the leverage any chief executive a lamborghini chief executive live from the auto show. let s get straight to the bloomberg first word news. hi. china is looking at what could be the slowest pace of economic growth in almost three decades. policymakers setting the gdp target this year from 6% to 6.5%. it will give the government more room to maneuver. china is hoping for a gradual slowdown. this while it grapples with a debt legacy and the trade standoff with the u.s.. huawei is reportedly planning to sue to the u.s. government. bloomberg understands it will claim the administration overstepped by bending the equipment
london. it s jobs day. euro-dollar, the one thing we need to watch out for 1.2051. that were expectations these equities would go higher. we are seeing a little bit of retrenchment out of u.s. equities because valuations, a lot of people think, are more attractive. kettneree if max scherze thinks the same. the u.s. jobs number, 2.46. we will ask him about brexit. ask him about this rotation into bonds. in later on, we speak with will em buiter.i know he has a thing or tow to say about germany. sebastian: in the u.s. a bombshell book detailing the backstabbing in donald trump s administation is being published four days ahead of schedule. the white house has been defending donald trump s mental fitness for office, an i ssue raised in the book. if he was unfit, he would not have defeated the most qualified group of candidates the republican party has ever seen. this is an incredibly strong and good leader. that s why we have had such a successful 2017. sebastian: north korea
is a december hike a done deal or is the market right that he would be a policy mistake? riding the rails to a european merger. siemens agreed to merge their business, is this another airbus mess? matt: we will find out given the test of time whether it succeeds or not. we are less than half an hour away from the cache open, a lot less time between now and then. looking at gains in futures across the board, this after a couple of days of losses at least for the ftse. the cac and the dax eight at again but they were unchanged. the ftse has been down for two days in a row. take a look at the bund trade, i have three days of the bund trade here. after the big drop we sought monday and a day after the german election results, we have stakes a little bit of a recovery although it should be tight range and barely budging. up to basis points this morning, 242. guide: the pound under pressure for a number of reasons, the most obvious one is that comments we saw from donald tusk indic
it is monday morning, time to look at your data and what it is telling us. there is a little bit of a rally european stocks.oc crude is the story of the day $48.93.the nymex is up the tory government, after the weeks we had from the labor manifesto, the pound 1.2924. we will have more on those equities rising in the optimism surrounding the chinese international spending plan infrastructure, but first let s get to the bloomberg first word news. an unrivaled global cyber attack will continue claiming victims today as people return to work. even after hospitals and other facilities gains the upper hand against the malware, it affected organizations and businesses, including the national health service, russia s ministry of interior and nissan. saudihas jumped after arabia and russia said they favor extending oil output cuts through the end of the first quarter of next year. the energy ministers of the world s biggest oil producer spoke at a joint news conference in beijing.
holding talks about its options including an asset management ipo. what will it take to restore confidence? and a spinoff, energy goes public, pricing at the top end of the range. in europe s biggest ipo. we will be speaking to the company ceo. isoline: the ftse 100 higher. the outperform or because of the flash crash of the pound. aversion to all about the great british pound once again. little bit talk a about what is going on with the fair value in what is happening with the pound. the pound having an impact around the world. and it will have an impact on the ftse. if there was ever a chart, there it is. the flash crash of the pound rippling around the world. you do not have the british pound sitting up your very often. down by 1.23%. that is where we are trading. seeill be interesting to how this ripples around the world because of the performance. we will find out whether the ftse enters a bull market today. at the moment, fair value suggests not but we are getting clo