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it s a good start says angela merkel of theresa may s plan to guarantee the rights for eu citizens living in britain, if the favor is returned by the continent. but jean-claude juncker doesn t seem so convinced. i want to reassure all those eu citizens in the uk who made their lives and homes in the uk that no one will have to leave we won t be seeing families split apart. this is a fair and serious offer. has theresa may stepped in the right direction? it s a step but the step is not sufficient the irish government hailes the success of aib s ipo as a milestone, after the bank raises 3 billion euros spurring a rally across the sector. china s csi index closes up over 3% despite the jitters around wanda and fosun amid reports china s regulator warned of their systemic risk it s a clean bill of health for america s banks. all major lenders passing the federal reserve s latest stress test raising the prospect of a pick up in payouts to shareholders fabulous ....
anna: warm welcome everyone to this is bloomberg. bloomberg daybreak: europe . a lovely piece on the bloomberg. takeould be watching it back to basis. what are you looking at? you are looking at a momentum shift. it is about the short positions. aree funds and speculators the most bearish on the dollar since 2013. this is aggressive positioning. positioning is building. that represents a swing. this goes from along the dollar ranges. it is down to trumponomics. the hedge funds are well aware of the hawkishness around the fed. maybe some of the surprise index, related data coming through, or the white house over delivering. their ability to pass through legislation. let s leave the dollar and get through the other asset classes. let s go to the risk radar. equities asian equities are up. low volumes through the asian session. chinese stocks bucking the trend. we have lots of earnings to wait for, from the likes of pepsi, j.p. morgan. eye on it. an it will com ....
posts a 3.5 billion euro loss on charges related to its clean-up of toxic property assets. skanska rises to the top of the stoxx 600 after the construction company s full-year 2016 operating profit and orders top analyst expectations. good morning, everybody. welcome to the show. i m glad you re with us. we have an hour together. once again, super busy day. busy wires right now. the eurozone markets, pmi data for january hitting the wires. composite pmi, 54.4, a hair above the flash estimate of 54.3. and bang in line with what we saw in december, 54.4 reading at that stage. the final composite new business pmi, 54.3, just a tad down on the flash estimate. but still being the highest readings since november of 2015. services pmi, 53.7, which is a little bit higher than the flash estimate, but again, completely similar to what we saw, the final reading for december be. and the final services employment pmi, 52.8. just a bit higher than the december final reading of 52 ....
answer. we are working diligently. anna: an warm welcome. this is bloomberg daybreak i am anna edwards. manus: i am manus cranny. a little bit more than 24 hours in article 50 being triggered and you should prepare for backlash. that is what we are being told by various voices. you have never had so good. another prime minister, this is the brexit or mr. released off the slate this morning. this is the moment that we voted for, brexit brexit in the united kingdom. it dropped below zero. we ve risen in the fourth quarter and we peaked out. this is with 24 hours to go until we trigger article 50. is the moment of bliss in the index over? anna: the closer to blissfully get, when you add those core variables that feed this index into here. we will see where this has with inflation on the rise. let s put the risk radar and show you where the various classes has been overnight. we put this unchanged dollar index in you to show you the contracts the contrast of what we s ....
rate cut to near zero by the end of the year so keep an eye on the quarterly report that comes in november. the bank of england votes 9-0 to cut rates, no dissent on rates but dissent on qe and the corporate bond buying program. the bank of england cut rates to .25%, they intend to buy corporate bonds as well. the majority of the mpc expect a rate cut to zero by the end of 9-0year, and they voted four the rate. majority of mpc expects a rate cut to near zero by the end of the year. i do say that their bond buying program could increase by 170 billion pounds as well. to sort of put a number on the corporate bond buying program, it is 10 billion pounds over the next 10 months. byathan: guilt 10 year down the cable rate dropping off as well. upside risk to inflation, downside risk to growth, that is what you see in the forecast. the 27 thet 2017 forecast, downgrading the most ever on a single inflationary report. side, they seen inlation at 1.9% on at q3 2017 versus ....