Half of next year. Time for todays global exchange. From dubai to frankfurt, to brussels to london, to Rio De Janeiro and princeton, new jersey, our bloomberg voices are on the ground with this mornings top stories. In turkey, the lira is gaining against the dollar following a 200 basis point cut. Joining me with more from dubai is paul wallace, bloomberg emerging markets reporter. Is this going to be enough president erdogan . Paul that is a key question. The lira has barely budged despite that 200 basis points cut being more than markets expected. Analysts were expect and about 150 basis points. The lira has had to endure a lot in the last six months. Erdogan has sacked his central bank governor. Since then, the new one has overseen a whopping 1200 basis points of rate cuts. Amazingly, despite all of that, the lira is actually up against the dollar since the end of june. We will have to see what erdogan thinks of this latest move to see whether he is satisfied that it is enough, or w
These are your markets we are getting some data. Manufacturing pmi coming in better than expected. Little bit ofa optimism when it comes to the stoxx series the stoxx 600. Treasuries falling with the bonds. U. S. Looking daughters holding dollars holding pretty steady. Coming up tomorrow we speak to the Goldman Sachs chief executive, david solomon. Meantime we will speak about euro markets. As get to the bloomberg first word news in new york city. Viviana Prime Minister Boris Johnson has apologized for failing to deliver brexit by the deadline. Speaking to sky news he took responsibility for the failure but blamed parliament for refusing to back his timetable. One concern for his riot one concern for ryanairs ceo is the upcoming election may not decide a thing. My fear is this election would result in more delay. That could be good in that it means it means the transition to continue on ad infinitum. The economy needs to see in into this uncertainty. Viviana over to hong kong where 200
Watching us from the united states. These are your markets. We are seeing a bit of a lift to european stocks, actually, not so much. They were lifting, but now they are flat. About 56. 65 after that opec plus meeting. Gold is down a touch. Remember, because it is fourth of july in the u. S. , treasury markets are closed. Coming up, dont miss our coverage of the boston pops fireworks spectacular, it is a bloomberg special and starts at 8 p. M. New york time. So if youre watching from asia or europe, its definitely worth it. Lets get straight to bloomberg first word news. The tanks are ready to go and the fighter jets are set. All part of President Trumps changes to the traditional fourth of July Celebration on the National Mall. The present will speak from the steps of the Lincoln Memorial and critics say he is turning the event into a campaign rally. President trump warned iran against stepping up uranium enrichment. Iran says it will restart the model reactor if europe fails to offer
Cfo says growth will come from a new unit. Be theorate banking will greatest growth driver in the franchise as we see it going forward. Anna erdogan derails the rally. The turkish president fires Central Bank Governor, sending the currency 3. 5 lower. Plus, new democracy prevails. The snap election in greece turn around he will the financial crisis. I will deliver on my agenda, an agenda to grow the economy, to create more jobs, but also to make sure the greek people feel safe again. Anna welcome to the market open program this monday morning, less than a halfhour to the start of equity trading. Lets look at the features. The good news is bad news mantra is dominating. The end of the rally in everything, ftse futures, tax lookses, and cac futures like it will be weaker in trade. We got the jobs report. Stocks stateside and europe falling on that, building in lower expectations for fed rate cuts. Thats the big picture story. Lets look at how thats gone down in asia. Thats part of the as
Tom good morning, this is bloomberg daybreak europe. These other stories that set your agenda. Wall street notches up a new record high as investors shrug off hotter than expected u. S. Inflation with market still optimistic on fed rate cuts. In japan, the end strengthens at the Worlds Largest carmaker toyota agrees to raise hike demands from unions adding for the case for a boj policy shift next week. We bring you comments from the governor this hour. Plus, another big warning with volkswagen inditex all set to report. Lets check in on markets after a strong session for european equities. Fresh eyes for both the benchmarks in europe and the s p as well. Powered by the days that came through from oracle. Nvidia back with gains of 7 . In europe it was porsche that was the top gaining stock in the session. Futures looking flat despite the fact that the inflation printout was stickier and higher than expected. Ftse 100 futures in the u. K. Looking to modest gains of a 10th of a percent. K