it is a different set of numbers, but tesla is said to be production after a record quarter. manus: welcome to daybreak europe. battered, bruised. i m not talking about politicians. i m talking about the pound. kingdom, in the united sentiment is being battered and bruised, something to do with brexit. pound faces a two-year low. why isn t sterling rallying? if it was such a demonstrative statement in the house of parliament or not, as the case may be. no rate hike from the bank of england until 2020. the worst quarter since 2012. is it brexit or global slowdown? have a look at the rest of the world. bonds are a treacherous asset. that was mng s line yesterday. back up to 2.3%. ratios were slacked to say the very least. have a look at nymex crude. inventories.in credit suisse with a higher core on the oil market. nejra: have bond traders fallen into a dove trap when it comes to the fed? we look ahead to jay powell. the two-year back above 190, jumped 22 basis points since the
the dow and the nasdaq also down about 1/3 to 4/10 of 1%. makes lithium and other, calls. it said and other chemicals. it said they didn t see any macro headwinds. caterpillar up 6%. well.ock up 1.5% as to h&r blockill go this year given the tax overhauls. revenues have been down year-over-year. dragging the s&p 500 lower is the oil and gas equipment index, including baker hughes and others. s&p is the worst performer there. definitely a risk on mentality taking place in the markets right now. the stoxx 600 is down, the ftse 100 underperforming. it is the banks and some of the utilities, plus some of the today.stocks leading bid over the last couple of hours as well. the yen is also bid, which adds to this risk off sentiment. when it comes to the volume story, european stocks trading on above average volume, which tells me the market is convinced of this move to the downside and piling into it. talking of the china story, we have seen significant move overnight in the aussi
is 106 days to brexit and theresa may has survived an attempt to oust her. last night she won the no-confidence vote but more than a third of her party voted to ditch her. does prime minister may have the authority she needs to get any concessions from the e.u. and to get the plan through parliament great job over the past couple of days. she is, some would say of vassal state now, much reduced in power . what do you make of it? dead woman walking as well is what somebody called her. she survived the confidence vote , 200 tory in these voted for her, 117 against, so she does had to brussels to try to get these concessions around the backstop which is the biggest sticking point with lawmakers back home. there are still some he challenges ahead for her. the expectation was that she would win it, but does that change the parliamentary math at all? there is still a lot of opposition to her withdrawal deal at home and also what kind of concessions will she get from the e.u. to
1.1%. a little bit of discouragement because the rally in china coming to an end. we re seeing a demand for havens. dollar-yen at 1232. let s take a look at shares. a u.s. court finds a company liable for roundup s link to cancer. down from 7.3%. the interview of the day. bloomberg television has an exclusive interview with the prime minister of itly around 2:00 p.m. this afternoon london time. we ll talk budget and the future of the country. now let s get the bloomberg news. hi. hey, francine. theresa may says the brexit deal is 95% complete and has to speculators. the vast jeter of issues have been settled. she said an extension might be needed but insisted she has not committed to it. the second set is to create an option to extend the implement aches period implementation period. i do not want to extend the implementation period and i don t believe extending it will be necessary. reporter: the european commission is likely to decide today to demand that italy take b
anna: good morning, everybody. bloomberg it is bloomberg daybreak: europe. the market choosing to focus on the positive around level growth. the chinese growth story we covered in detail yesterday. the risk of a shutdown in the united states. senate democrats may be in the steering seat for that one. inflation, inflation, inflation is the big talking point this week, in particular today. mex in here moving in the other direction, down one point 22%. down 1.2%. that is on a meeting taking place, opec and friends meeting in moscow over the weekend. getting news there. the story around the bond markets and inflation, u.s. 10-year yields at two points at 2.6%. trump thes shutdown inflation jitters? it seems the other way around. this is the demand that is 10-yearthe 30-year breakeven spreads, and this is a gauge of inflation expectations. subzero for the first time since 2013. what is in the backdrop to this? bond traders were clamoring to buy inflation protection. t