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thereabouts. picking up where it left off. resumes, let s get to market contagion. these are some of the asset classes. health care is having a good time of it. we did see a bit of a fall back session on health care relations. fallingokings are people fear getting the virus. discretionary s are pretty much flat at the moment that is the current state of play with some of the subsectors . this is a look at the chinese markets. you can see further weakness in the yuan. let s get off to new york and first word news. we start with lebanon, which hopes to end three months of unrest with the announcement of a new government. professor at beirut american university will head a cabinet of 20 ministers. backed by acialists wide array of parties. he takes office after weeks of street protests sparked by the resignation of the then-prime minister. jeff bezos s mobile phone was hacked after receiving a message the crown prince of saudi arabia. analysist said digital suggested it ....
the market is underplaying the risks of higher rates. are we heading to 3% on the u.s. 10 year. the u.k. warns the european union warns another financial crisis. can brexit end will for the city of london? shining a light. the eu market regulator announces a last-minute delay to our changes to the darf trading limits. is mifid now a mess? matt: let s look at futures. from where i am sitting it does not look like it will be a good open, a rainy day in frankfurt and down on the futures across the board. futures are positive, but for the most part down and that is understandable after a long march higher in equities. the s&p 500, up six day sin a row. six days in a row. is treasury trades, guy, where it gets interesting, looking at 2.559%. so, that yield going above 2.5% and staying there. the question is, how much higher do we go if we are looking at the end of the bull market in treasuries? guy: it is probably 3% winning to be looking at as the line in the sand. the au ....
soon. in the fast lane, aston martin plans a five-year trade and investment drive in china worth over 600 million pounds. we will speak to the ceo, next. we are less than a half-hour from the start of european trading. take a look at futures right now. we are seeing gains across the board on the major indexes with the exception of the ibex sorry, the ftse mib and stockholm. here on the board, ftse futures gaining 0.4%, dax futures up 0.5%. let s start with some of the earnings this morning. roche expects sales growth to slow this year. it is counting on new drugs in the pipeline to offset revenue losses in its oncology medicine. joining us from switzerland, the ceo of roche. welcome to the program. thanks for joining us. about 2018 as kind of the year of the cliff edge for drugmakers, for roche especially. how well do you think these new drugs in things like hemophilia are going to offset the loss of your cancer drugs? i m very confident. if you look at the growth ....
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 countr ....
commodities largely oily largely avoiding the rout. the latest from goldman sachs. this is bloomberg markets: asia . haidi: as you mentioned, it wasn t smooth sailing. it was quite a stomach churning roller coaster. buckling and go along for the ride. opening the dow with that lunch, and we had a 25 minute period with a swing of more than 900 points before we had major u.s. stocks finish in the positive. the question is, is this the new normal? his volatility back with a vengeance? let s take a look at how things are tracking when it comes to the asian session. we are seeing this recovery mode playing out when it comes to japanese equities. some of the hardest hit yesterday in the selloff. the topix rising about 3% at the open, the nikkei 225 also up by 3%. this is being driven by tronics best buy electronics by electronics and auto. david: finally we can focus on the data coming out. there, and the words of bon jovi, because that has almost been the anthem acro ....