200 people around. And stocks open higher as u. S. Futures point to the green with the weaker than expected jobs reports boosts bets that the fed could cut Interest Rates soon. Atos shares receive restructuring offers. It will decide among the three offers. And xi jinping touches down in paris on the first leg of his European Tour with Emmanuel Macron set to get support for ukraine. Welcome to street signs. We open with breaking news on eurozone pmi. It was coming in at 51. 7. The flash read at 51. 4. We get the services pmi coming in at 53. 3. That was another upside surprise. The flash of 52. 9. It shows expansion in both areas with the eurozone. This follows the surprise when it comes to french pmi. Swinging from the forecast of 49. 9 which is in contraction and moving into expansion at 50. 5. Getting Italian Services pmi. Three surprises with pmi. Eurozone pmi surprising to the upside with composite and services. Moving on to the big story over the weekend. Warren buffett has used
Deutsche bank slides as the leader warns of a 1. 3 billion euro hole. Japanese currency rebounds sharply after passing 160 to the dollar with the traders citing official intervention. Secretary of state Antony Blinken touches down for fire stalks we will hear from the saudi arabia economy minister in just a few moments. Welcome back to street signs. It is a positive day across europe green on the board the eurozone riding a wave of momentum in part due to optimism from ecb cuts. Take a look at the stoxx 600 up over. 13 . The best day since january and the first winning week over the last month up. 13 . We will take a closer look at the boards we will start with the ftse hitting the fresh record high. It is continuing to power past the 8,000 mark up. 50 . We are taking a look at the cac 40 bnp is on the top of that board. And it is important to note that the dax is in positive territory despite Deutsche Bank weighing down the index well is have more on that in a moment basic resources i
Rule. It is about geopolitical, the alpha today. Haven assets,e golden yield. 9398 shows the correlation between golden the yen, moving more closely. And the yen, moving more closely. If you think that is suggesting people rushing to haven status, it is roughly down to that when it comes to the next chart, 1861. There we go. 4500, just having come off the top of that, but it has clearly outperformed when we see the treasury bills, gold, and the yen. That is what we have at the moment currently. Haidi absolutely. Cycle ofck into this risk off and what happens over the next you days as that risk receives and investors get back into the market. This First Nuclear test of north korea of the Trump Administration and whether that is a game changer. A risk off but orderly mood so far in this asian session. We are 30 minutes away from the open in china and hong kong. Sophie korean assets in the spotlight. We are seeing whether we will see a recovery halloween this kneejerk reaction, which has
Euro to much better levels. I do not think they will do anything for the time being. A very warm welcome to bloomberg daybreak europe. In flagship show, from here the city of london, i am anna edwards. And imf miller in berlin. A lot to Pay Attention to throughout the day, especially when we look at currency moves. Anna i will talk about the dollar in a moment. The big story around aramco, will it be in new york, along with riyadh . I should point out, the saudis say aramco remains on track. That big story throughout our programming. Risk on has been the story at the beginning of this week. To what extent has that unwound the dollar last week . Making something of a comeback. The u. S. Dollar Bloomberg Index shows at the bottom of the screen. Risk assetsrally in at the beginning of this week, now pausing in asia. Chinese data, all three measures coming in below estimates. All cooling, versus the last months set of data. So much to learn, whether that is the bank of england rate decisio
To the Un General Assembly where he said he would totally destroy north korea if it threatened america and its allies. Meanwhile the independent asks whether mr trumps America First doctrine could in fact lead to the ultimate destruction of the United Nations itself, after he appealed to World Leaders to put your countries first. The New York Times focuses on myanmar and de facto leader aung san suu kyi, who has come under fire following an address for refusing to criticise the Burmese Military which has been accused of a vast campaign of terror against the countries rohingya ethnic minority. Also in the independent, tech giants google, facebook and twitter are being told to take down terrorist propaganda within two hours. The move comes as uk Prime Minister theresa may seeks to dramatically reduce the danger of online radicalisation inspiring future atrocities. The ft says Germanys Angela Merkel has been told by the uk to expect an offer of 20 billion euros to fill a post brexit budge