Well. How it the euro is performing. We are at one dollar 1016. The emergency button. We are trading 2 lower. In terms of concern. It has been seen as a haven. I want to look at the u. S. That. Money u. S. Debt. Money moving into treasuries this morning. Chinese bonds have been rallying. Similar in japan and germany. We are looking for that safety right now. Money tentatively starting to go back into italy. Hope that we might see some sort of deal struck in greece. Finance ministers talking about all of this. Let us look quickly at all of the stocks. Barclays up 2. 6 . Euphoria potentially did when barkley comes out with his earnings, it may benefit. Potentially more restructuring to come. John mcfarlane immediately making this changes, deciding to get rid of the chief executive Antony Jenkins. He will be the interim ceo. This particular drug maker higher. Done by 3 . Down by 3 . They reduce their forecast for organic sales for the year. Downgrading their forecast. Down goes the stock,
To clarify its independence. We are live in madrid. Manus and bmw is said to be working on a deal with manufacturing the iconic many in japan for the first time the iconic mini in japan for the first time. Anna a very warm welcome, this is bloomberg daybreak europe. Here in the city of london, im anna edwards. Manus we have some great guess for you, weve got Jim Mccaughan , he joins us for the next hour. Anna and Paul Venables will be here for his first interview up the day, talking to us after the Recruitment Company publishes its firstquarter results. Always excitement in the world of hiring and staffing. Manus in the meantime, the fed might be desperately seeking inflation as opposed to watching the movie, but the markets are desperately wondering what happens next. We put together a huge index, nobel you cannot see, the economist tadeo says the market is napping. Asiant back to 1997, the financial crisis, the dotcom bubble. The moving average of the skewed index, and that measures
Inflation. Welcome to countdown. Happy friday. Nejra im nejra cehic. Manus and i manus cranny. We will get to the geopolitics of north korea and south korea at the moment. But have a look at the bond markets. Are we reaching a capitulation point for building up to one in the bond market . By 2 . Ond yields, up we want to look at the japanese bond yields for capitulation. Here of the global bond yields. Cracks are beginning to appear. Draghi, did not even discussed quantitive easing. Mark carney says the bank of england is not triggerhappy. You can see the beginning of a movement. What are we focusing on the jgb market . Because of the correlation. The correlation between the jgb market and the rest of the market. I think the other thing you can see as well, the 30 year spread. We will hear more from Jeffrey Gundlach later in the show, saying, this is a warning. More on that i look of it later. Nejra that is a great chart. The question is, is japans bond route going to seep into the wor
Headquarters in london. Im manus cranny. Now chinas president xi jinping landed in the u. K. Last night to a red carpet reception. And it is perhaps not surprising that he is being given a royal welcome. David cameron said the visit will bring more than 30 billion pounds of worth of deals and investments. Caroline hyde joins us. Good day to you. President xi will meet the queen later today. Tell me about the financial benefits, the deal that we expect to be announced. Caroline you said it. 30 billion pounds worth. Almost 4,000 jobs. Almost every Industry Group can be a winner here. They are able to access the consumers in china more. Structure within this visit. We understand xi jinping will be traveling to manchester. It is going to be Energy Winning out. Im sure it is going to be finance winning out as well. Energy. Were hearing over the potential deals, money coming in to help finance but also design, build Nuclear Reactors here in the United Kingdom. Were expecting Chinese Companie
Still closed. Ftse down. 4 . Cac 40 on the other hand looking up almost. 2 . It is coming in a little bit of a mixed picture at the moment. Investors digesting the slightly more hawkish stance from the fed. Digesting the earnings reports that we have had today as well. Ill take you through some of those focusing specifically on the oil majors of course. That is one of the Industry Groups that we have been looking at this morning. Shell down more than 1 after a reported 70 decline in Third Quarter profit. Largely down of course to slumping crude prices. Brent crude fell about 45 in the past year. Total, this is moving higher. Shell of course europes biggest oil company, total second biggest. Third quarter profit actually beat analyst estimates. This was down to a refining business. We saw that pull through in the Second Quarter as well. Lower crude prices tend to be better for refining margins. Italys Largest Oil Producer reported a net loss in the Third Quarter. Just very, very quickly