Europe here. We initially saw quite a negative story coming out of europe. In the United States, maybe some stimulus talks helping propel the story a bit higher. The s p up by over 1 . The euro has come back. It is still negative on the day. We did have a 1. 16 handle. We now have a 1. 17 handle, but we have seen continuing dismal inflation data out of the eurozone. Yesterday was germany. Today it is france. A 0. 6 print. We get the final number friday. Alix totally different from the u. S. , in that we are able to generate some inflation. Christine lagarde with her strongest signal that the ecb will change its goal. She said it may be worth examining a strategy that allows inflation to temporarily rise above the target rate, similar to the feds shift. We need to thoroughly analyze the forces driving inflation dynamics today, and consider whether and how we should adjust our strategy in response. The anchoring of fixed rate expectations might have loosened. The wider discussion today i
Alignment is not the same as regulatory alignment in the future. Prebrexit mps will grow sour. It might depend on how much ambiguity there is. Ambiguity is the key, it is beautiful. It irish tea shop said himself. It means everyone can go back and claim victory. Phrase fromderful lloyd george, who created ambiguity in negotiations. Agreement signed back then. That was the whole point. Ambiguity,on and beautiful things that let you overcome a lot. Forink that is it from a us the moment. Lets see where these negotiations go. That. Thank you for Senior Investment manager at aberdeen standard investment. Manus lets get the first word news with juliette saly. Juliette the u. S. Congress is passed asap two week extension that ever take government shut down. Untilers now have december 22 to settle some larger issues on spending and legislation. At the same time, they will rush to finish work on tax legislation before leaving washington for the holidays. Germany has moved a step closer to a ne
Francine lacqua. Resurgence for the far right. Belowdex is a little bit estimate for the month of september, 115. 2. Lets check on your data to see whether it has any impact on euro or not. You can see eurodollar, 119. Politics are dominating trading. The sliding a touch euro sliding a touch. Gold falling, crude edging low as well. That is your data check. Lets get to the bloomberg first word news. Nejra donald trump has stepped up his criticism of the nfl sing fans should not go to the games by saying that layers who protest Police Brutality during the National Anthem should be fired. Said heand patriots ceo was deeply disappointed by the president s comments. Meanwhile a trump has ordered you travel restrictions on a countries replacing the current ban on six majority muslim nations. It targets travelers from iran, libya, yemen and somalia. The move opens the president to what could be a new wave of legal challenges. Iran has testfired a new Ballistic Missile in defiance of citingted
Minutes time. All taking to the stage in frankfurt. We will bring you live coverage a. M. U. K. Ent at 10 00 time, 11 00 a. M. In frankfurt. Right nows starting at the European Central bank, that is where i am in frankfurt. We are seeing the big bmws role in through the gates. As you mentioned the most important central bankers in the world will be meeting here with mario draghi. I want to take a look at futures. If there is an inequity selloff it does not showing futures. You see European Index futures up across the board with the exception of ibex and the other minor markets. The cap, the dax, the ftse showing gains as far as features are concerned. Significant in terms of this narrative and what is happening around the world. Yesterday we saw big selloffs in europe and we are seeing it overnight. Greece got hit hard and the softer. Rket traded the new Zealand Dollar cannot catch a break trading down. 601 . ,e have seen the nikkei falling stabilization is significant. Take a look at
This is Francine Lacqua on bloomberg surveillance. We have a great exclusive interview with Benoit Coeure, the it was the ecb member. The exclusive ecb member. Mark, what does the data look like . Mark we are low today, quite a losing run for the stoxx euro 600. We saw a big selloff in Technology Shares in the u. S. On friday. Sterling, not as big a decline as we saw on friday in the wake of the inconclusive election result on friday, which sent sterling down 2. 5 . At the end of the day, sterling is down by 1. 6 roughly. Investors are looking ahead, mean for shortterm versus longterm volatility . U. K. 10 year field has barely changed today. It fell three basis points on friday. Investors weighing up what the election means, weighing up against data. We had weak consumer data today. The boe this week, wage data. And gold also falling for the first week in five last week, marginally higher. The fed expected to raise rates this week against Political Uncertainty. Thank you, makr. Lets g