Report 1. 5 million euro loss leading to job cuts. Industrial profit forecasts beat sending shares higher the ceo says hes cautiously optimistic we have the prices under control as much as we can control it going forward, there is some volatility that we will see a second wave. Mining giant glen core ditches its dividend following a massive impairment charge following the bottom of the stoxx 600. A warm welcome to street signs. It is a big day before the bank of england keeping rates steady and left the size of the Asset Program unchanged. Bankers are painting a more pessimistic recovery warning that they wont return to precrisis levels before the end of the year. They expect the rate to double by the end of 2020 looking at the action surrounding the bank of england news starting with guilt we have the move lower out 2. 5 . Third year trading 64 points or so sterling has hit a fresh fivemonthify versus the dollar. Currency investors like what they see to get into more detail from the b
Stimulus package. Billions in aid for municipalities. They are expected to boost bond buying by half a trillion euros today. Endorsed china security law proposal. This as hong kongs most prominent activist tells bloomberg he wont leave despite a root to u. K. Citizenship. It has just gone 6 00 a. M. In london. It is daybreak europe. Annmarie hordern, good morning. Billion. G of 146 she did it. Angela merkel sets the tone for the benchmark for fiscal stimulus on a really global scale as we go into ecb day. Is it innovative . Is it different . This is about fiscal stimulus versus the angst of politics of america. Good morning. Annmarie that fiscal stimulus deal topped expectations by 30 . What does it mean for the Auto Industry . You mentioned the United States. What a 24 hours it has been since the last time we spoke, especially in the u. S. An absolute condemnation coming from the former defense secretary jim mattis, really condemning president donald trump. We will look into that with
Lets look at these markets and our into the european trading day. Stoxx 600 in europe up by. 1 . And even start to the trading day. Evenly divided winners and losers on the European Equity markets. Lacking any direction. Into the u. S. , also lacking direction. We have seen a little bit above the flatline. Not getting a great bicker great bit of direction. A big focus on Central Banks and a u. S. And a focus on u. S. Policy. Titians, ay trade tensions, that coming up. Wrist bank leaves behind five years riksbank leaves behind five years. Is now what we are showing you. We were showing you the norwegian krone. Not to be confused with the riksbank. Bank, we scroll back to what they did there. That was as expected. See a to this picture, we number of Central Banks leaving policy unchanged. They were treated for negative Interest Rate hiking. They were moving in their own direction moving against the cutting cycle for many previous months. We continue to do that. Lets get a new lets get an
Francine good afternoon if you are watching from asia. This was a couple of days after the news from the saudi attack on the infrastructure of saudi aramco. Bank raised its benchmark rate to 1. 50. They had flagged they would raise rates. Wereeason why people questioning whether they would do it is because the World Economy is more uncertain than a couple of months ago and you see a lot more dovishness from the ecb and the fed. Toit is quite difficult raise Interest Rates in this kind of environment. Eurodollar at 1. 1, and because it has been a very big week in oil, we have a look at the oil price. Norwegian krone on the back of raised, having a significant move to 9. 85. , we speak to the governor of the norwegian central bank. Dont miss that interview just after 10 30 a. M. London time. Lets get straight to bloomberg first word news in your city. New sanctions against iran are coming. This is from President Donald Trump in response to the attack on a key oil facility. Michael pompeo
Germanys business conference figures that is a test below figures. Figures. H low a lot of numbers out there. The ecb is what people really want to know about. The treasuries edging higher. A surprise in ecb policy that will play out on eurodollar. Currently at 1. 1126. And the weakness of that economy. This ahead of later mario draghi. We will be seeing that press conference. Lets get to bloomberg first word news with viviana hurtado. Viviana Boris Johnson clearing out more than half of theresa mays top team. A stream ofidating brexit enthusiasts into his cabinet. Becomes l counselpecial u. S. Robert mueller largely disappointed democrats with his testimony yesterday. Some wanted him to read aloud potentially damaging parts that he declined. Trump. Resident Donald Mueller didnt offer any clues. Bernie made off asking trump to shorten his 150 year prison sentence. The 81yearold is hoping to finish his fight and freedom. Made off was jailed for running the biggest ponzi scheme in histor