Ignoring the geopolitical risk . We are talking about north korea. The oil market holds yesterday, big gains in the treasury market has the bloody catchup. Matt miller has an exclusive interview. Live in frank for that event. Cash trading lets take a look at what the bloomberg has only consolation this morning. We follow a positive session, not a great upswing gains continue to be made. Up by. 3 . This spanish market looks like it will be up around. 5 . Lets see what is happening out there. This is the picture on the gmm. There is an oil story there, it is rising very sharp with this morning into trade, up 1. 5 . The yen is lower, part of that factor, we have seen the Australian Market through x thousand, close above 6000 this morning. Something to Pay Attention to. Continues toarket provide a turbo boost for the emerging markets. Lets talk about what else is happening around the world, interesting pray interesting trade. The index coming off a little bit, oil trade remaining front and
Dollar infrastructure plan today, boosting spending in rural areas. Manus welcome to bloomberg daybreak europe. Right here in the city of london. I manus cranny area anna and im and edwards. Out at westminster, the polls keep coming in. More polling data this morning. We will talk about the strength ofthe strength or weakness the u. K. Economy as we head toward tomorrows general election. Security continues to be the dominant domestic theme, of course. We will get analysis from Neil Williams who is joining us. Lets check how the markets are doing over in asia. Manus we have a lovely chart in you, but anna is rooted westminster. Our election coverage goes through the day. Will catch up with the managing mori. Or at ipsos thats right here on daybreak. Its go to china, this moment of reprieve in the market. Well talk about that and the risk radar. China had cut their holdings of bonds by the most since the year 2000. This was a drop in their terms of holdings of bonds at the big boys are
Current conditions, 111. 6. Expectations have come in at 107. 4. So weve kind of met the expectations as far as the headline Business Expectation is concerned. Euro dollar, not a huge reaction on that. And were still pretty much with this 137 handle, as well. 64, remember, the high for the year is 138. 30 is where we stand. Still another bit of data thats suggests all is okay as far as germany is concerned. Leeann banbrex joins us now. Jan, nice to see you. We have a dichotomy in europe particularly between the german and the french economy. Euro dollar doesnt seem to care an awful lot. At the moment, not. Theyre waiting for that big truck, the big elephant in the room, really. If you look at the german ifo index coming out. The uaw index is better. But this is really what the real economy is doing and the back stop that the German Economy is in reasonably good back step. Bear in mind retail pmi in germany has been good for half a year now. If you look at Capacity Utilization in the co
Angela merkel among the well wisher for World Champion f1 Michael Schumacher following his operation on a serious brain injury. And a fiery train collision in the United States forces the evacuation in a small town. The latest in a string of concerns about oil by rail traffic. And a warm welcome to the last trading day of 2013. And investors, certainly stock investors might be sorry to say goodbye to this year. Its been quite a stellar year. This wont be the most important trading day of the year, probably the least important trading day of the year. Some markets some closinged. Japan closed yesterday. Germany, switzerland, ireland, athens closed yesterday, as well. Right now on the stoxx 600, premature, advancers outpace decliners around 6 to 4. This is where we stand at the moment. The ftse 100 is up 18 points. If you look at the annual figures in a few moments, the cac 40 is up 0. 2 . The ibex is fairly flat. This is what asia markets have done today. The nikkei closed yesterday, as
Forecast of 107. 3. The expectations, again, was also better, the consensus was about 104, came in at 106. 3. Euros back up to the best levels of the session against the dollar on the back at 1. 1. 3519. Bund futures also extending losses after that data as well. While we listen in on mr. Draghi, Quick Reaction on that from ricardo. Weve seen germany outpacing the rest of europe. Still continuing. Yes, looks like things are picking up a bit. We saw it yesterday from the pmi as well. Both manufacturing and services. It will be interesting to see if there is their Service Sector survey improved in november. I think it did improve in november. So, we have much better conditions, and that actually supports my own expectation, which is that germany will see a Significant Growth pickup in the next few years. Im forecasting 1. 7 growth from next year, 2. 5 for 2015. Mr. Draghi is making point we have to set Monetary Policy for the full year. And the next two components of that, france, the ec