Good afternoon from asia. Im Francine Lacqua in london. Stoxx 600 down. We are expecting more choppy trading on the back of the testimony this week from jay powell. Prospects after we had conflicting signals from the world economy. 1. 12. Ollar coming up, paul the fx calls all the fx calls with david bloom. Tensions between japan and south korea are threatening to wallop much now depends on whether shinzo abe and moon jaein can work out a compromise. A cycle of measures and countermeasures would not be ideal for both countries but if south Korean Companies begin experiencing actual damage, the government would have no choice but to respond as necessary. I hope it does not come to that and we urge japan to withdraw its measures. Greece primenew minister has a new finance minister. One of the first tasks will be to renegotiate. Epstein being held at a Correctional Center in new york as he awaits a bail hearing on charges of sex trafficking and conspiracy. The charges include sex acts 14,
We see little bit of a lack of direction when it comes to stop. The stoxx 600 is pretty much flat, moving sideways. There has been quite a lot of movement in the u. S. 10 year yields. This week we have been looking for the 3 mark. We have not gotten there yet. Investors are trying to figure out exactly the Monetary Policy. And you have a little bit of movement in the euro sck. In the meantime, you can see the andmberg dollar index coming up, we talk brexit and trade. Later, david bloom from hsbc gives us his forecast. E talk gun0 p. M. , w control. Now, lets get straight to the bloomberg first word news with nejra cehic. Nejra theresa may held an eight hour brexit session in an attempt to win anonymous backing for her divorce plan. She went to give european rules in many areas, while breaking away partially or fully with others. The European Commission preempted the meeting by saying what it has heard of her plan will not work. Former Trump Campaign chairman Paul Manafort and onetime a
We have a packed show and our brexit show. In the meantime, this is our market check. The dollar definitely left, right, and center focus. Number seems to be expanding game. Xpending gains. It may be distorted to hurricane figures. European shares bonds seem to be treading water. , it all has to do with Prime Minister theresa may and whether there is a campaign to oust her. Lets get to the bloomberg first word news. The spanish Prime Minister convened his cabinet today as movement entitling you movement in catalonia heightens. President risks isolation as if he pushes ahead with plans. Donald trump has offered cryptic remarks while posing for photos with military leaders, saying the gathering might represent the calm before the storm. He may be comments head of a state dinner. Do you know what this represents . The calm before the storm. Sebastian german factories rebounded in a sign that the economy is set to sustain its growth. It is the biggest increase since december. Nate, which h
Good morning. Welcome to the pulse. We are live from bloombergs European Headquarters. Francine to our top story, the ecb turns the screws on greece. The European Central bank announced that it will restrict loans to the nation. Guy that announcement came just hours after the greek finance minister met with the ecb president , mario draghi. Varoufakis meets with Wolfgang Scheibe today. Joining us now is hans nichols in berlin. This could be the meeting that everybody has been waiting to hear about. We thought draghi was going to be interesting. Scheibe is going to be fascinating. Hans he is going into this meeting and they appear to have consensus from their european partners. That is that greece should potentially stay in the bailout program. And if they leave, they will be consequences. They are not going to be able to use greek debt as collateral with the ecb. That is going to drive up there borrowing cost. They may face a liquidity crunch. What is greeces plan . Even if they get th
Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. The shows going well already. Im carl, with melissa lee, jim cramer and david faber. We have earnings season officially under way. Courtesy of alcoa, some pretty decent sentiment this morning. Well talk about that with cramer in a moment. Europe, numbers over there as well. Germany Industrial Production did miss. Green arrows across the board from london to paris to frankfurt. Our road map kicks off with earnings season. Europe is better than expected, but does this set the tone for the season with goldman predicting the s p will be in a Holding Pattern for the first quarter. Apple at the low end. The journal reporting a cheaper iphone may be in the works. Is apple simply going to where the growth is, and a sign that margins may face more pressure . Yet another setback for boeing and the 787. Canceling a domestic flight after a computer erroneously signaled a brake problem. Clearwire gets a