let s check on your markets. we are getting some euro area manufacturing pmi figures. 59.6, thatphone to is pretty much in line with what economists expected. higher. 10m also looking at the u.s. year yield two-year yield. the dollar you can see steady. we have a lot coming up right here on bloomberg surveillance. we get the latest equity market calls. find out why he sees a correction soon. userwe talk facebook s big news. to someone from credit suisse. here is nejra cehic. nejra: u.s. oil production has surged over 10 million barrels a day for the first time in decades. that comes just weeks after the international energy agency said american output would push past saudi arabia. decades of declining output has been reversed and the nation has been turned into an exporter. the u.k. will agree to in transition. told themn china, he that free trade deals would still be some time away if there is a transitional phase in which britain cannot negotiate with third countries. t
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.
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