And she ching ping touches down in hong kong to mark the 20th anniversary of the british handover. President xi touches down in hong kong. Manus welcome to bloomberg daybreak europe. Been a reset in the rulers of the rate world, sending clear messages. Our thinking is changing and our agenda may change. The ramifications have been quite significant in the bond market and in the fx market. Is mark carney back to being an unreliable boyfriend . All those cliches were being used yesterday. Or is he saying, im still waiting for the data, i voted not to change things, and i ofyed put in the middle june. I want to see more data. But of course he did change the nuance and the tone. Line, someller removal of monetary stimulus is likely to become necessary if the tradeoff continues to lessen. The risk, the report. The reward is if you were long , sterling has risen for seven straight days. Weve not seen a winning streaks like this since april 2015. The rate rulers are rewriting the expectations
A warm welcome to bloomberg daybreak europe. Im anna edwards. Manus get ready because well have a slew of earnings today, the busiest of the season. First have core earnings per share is that the. Outlook for the this year. Sales came in 26. 34, above the market estimate. They had guided that they would be broadly in line. They are confirming its about the bio similar threat. The Cancer Therapy was 1 7 of their revenue. A footnote to history is the line from the ceo. Numberscondquarter coming through, confirming the 2017 guidance. The bad news they seem to have missed on second order numbers. Below the estimate. Secondquarter revenue also a touch below the estimate. Ramparthe reengineered remains challenging. Superjumbo facing a number of issues. The newest widebody. Somesulted in cancellations. A lot to look out on the airbus numbers. Basf,etting numbers from keep in a nihilist germanbased company. Adjusted ebit. When looking at what the actually reported for the second is a, the sale
The president elect renegotiates. Peter navarro will head the National Trade council. Matt that will be interesting indeed. A lot to talk about today as far as politics. We will take a look at what the equities markets have in store for us. Features here show a lower open across the board for European Markets after u. S. Stocks failed to rally yesterday. That 20,000 market on the dow seems elusive. As is my jacket which i am looking forward to. Matt will make jackets for those who have not tuned in the week. Lets talk about what is going on in the markets. This was franc is up and some European Markets are doing better. The euro app against is up against the u. S. Dollar. Are seeing a lot of turbulence in these markets, a lot of speculative money coming in and out. 4. 2 . Nal down by we will talk a little bit about this market later on as we head toward the end of the program. Lets get caught up on what we need to know. Juliette thank you. Japan has approved a record 825 billion dollar
Remains weaker. Is the party over for the british consumer . Tillersons mission to moscow. The secretary of state arrives later today as the Trump White House steps up warnings on syria. Russian equities continue to weaken. How real is the risk of further sanctions . Matt less than a half an hour from the european open. Lets take a look at where futures are pointing, slightly weaker over the course of this morning. 4 ,stocks futures down led down by dax future almost off by down by. 4 . Ftse and tax still doing better but firmly in the red. The bund trade is at two day chart. Last nights trade and this morning. Investors are buying booms bunds but the trend is off. 0. 0 0. 025 . Guy the german 10 year being the center of gravity right now for the global bond market rather than the u. S. Treasury. Its talk about the gmm and around the world. To be honest, these markets are a sense of direction. Doesnt seem to be much to drive things at this stage. A few things we can pull out. Lets talk
Welcome to countdown. 6 00. Don, it is here and the sun is in the the sky. You have the commodity story havell us and we volumesed questions of and we had all of that with the traders overnight. Chart andhis on the we have a new sevenyear high. We had up to the 23rd of june and the referendum on the eu and we had three polls that we and 5 . Bout between 2 we had one that was a lot closer to that and it will continue to be all over the place. In and youthe run commodity inberg the bull market. It is a tortured run and citigroup is raising china demand and there are a number of facets in their. They have all but taken the punch bowl a way from june and july. Go to rosalind chin. Clinton has secured enough delegates to secure the nomination. Sanders has decided to stay in the race and force a contested convention. A former bank of Japan Executive says they should abandon the timeframe for action to avoid more drastic action later. Had policies that defied common sense and they have a lot