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Welcome to bloomberg daybreak europe. Our flagship show im all anna edwards. A very good morning to you. Im live from the anna. The status quo is simply not enough. That was the verdict of the market here in the last 24 hours. It dropped from 5 , but we are at a Pivotal Moment at the opec nonopec relationship. Is fundamentally disappointed, there wasnt enough discussion about an exit strategy in april of next year and compliance. Can they all stay compliant as they go into the bumper season . Forget, frack attack. Thats the risk to the price of one. You wonder when opec needs a lesson when you look at whats happened in the last 24 hours. Lets talk about whats happened in the asia equity market and other asset classes. The Pacific Drilling down just a 10th of a percent of we are seeing witnessed coming through in some energyrelated companies. Commodity currency is always als ....
Will the focus shift from fx to fiscal stimulus . And the hud for the missing egyptair airplane enters its second day in theyve dismissed reports that debris from the jet have been found. It looks like we are going to get a positive start. Watch the luxury stocks. The dax is up by 0. 9 . In 29 minutes time looking solid here in europe. It looks like less concern around the world. This is a lot more than we are pricing in at the beginning of the work week. It doesnt seem to be affecting markets as much today. We have asian markets up overnight. Their biggest backtoback slump in a month. Brent crude oil is rising as well. At 48 56. P there trading almost and parity the dollar index has been earlier. Ttle bit that may be because the slight possibility of a june fed hike has been priced in over the next couple of days. The new york fed president bill dudley says the Federal Reserve is moving closer earlie. That may be because the sli ....
A warm welcome to countdown. I am anna edwards. Lets get straight to the markets. Shows the relationship between stock markets and oil prices as we get closer to that meeting in algiers on september 27. This is how the two are moving in tandem, stocks rising in tandem with the rising crude prices. Up the risk radar. We are starting with oil. Investors despite the move 1. 8 on the vti, 1. 6 on brent. Investors are cutting their bets as we get closer to that september 27 meeting. That will be opec and russia. We hear from certain opec members. The venezuelan president talking about how opec is close to an agreement, so expectations building with a 7. 5 increase in oil prices for august. Fed and boj meet this week. Markets are closed. We have despite the convoluted title, the overnight interbank yuan rate, increasing the most since january. Speculation that pboc intervening in the chinese country. That is the second biggest gain on record. Lets put the markets to one side. Authorities are ....
Welcome, youre watching countdown. Chinese authorities have stepped up targeted stimulus to shore up growth in the worlds second biggest economy. Kong. Joins us from hong tentative, small steps the chinese are taking this morning to shore up little of the chinese economy, but it could paint a picture, couldnt it . We have a hong kong economy catching up from yesterday. Straight out we saw the Hong Kong Market, that rise really significant compared compared to what we have seen in the european and u. S. Sessions on thursday. Look at that, the Hong Kong Market is up 2. 7 . Hadfirst to report there been stimulus measures coming through from the chinese government, also as you mentioned, playing catch up to that big rally we had in the region yesterday when hong kong was closed. You can see galaxy is leading. Casino stocks are looking strong today. There is weakness for the f ....