Close to current levels. Joining us now from our amsterdam euro is the Senior Energy economist at abm amro. Unchanged does not sound so that in a world where everybody is concerned that the economy is teetering on a recession. Do you share that view . Say i dont fully agree. We are a little bit more bearish to be quite honest. Especially after last weeks opec meeting, i think that agnal was rather mixed and little bit disappointing, actually. Saudisderstand why the think it should be 50 it should be 65, but i have my doubts whether we see that. Anna good morning to you. Let me ask you about the impact of the price we have at the moment on the ipo taking place tomorrow of saudi aramco. What are your expectations . We have seen expectations paired back. Creation of the worlds most valuable company. Yes indeed. It was a positive. In that respect. It was well oversubscribed. The price at the top of the range. Indeed, on the other end, it was disappointing because saudi arabia expected more
Manus it is all about the oil markets down here. We have had cracking conversations. They reckon it will be tough for the market to get above 64 a barrel. It is great to be back with you. On that trade discussion we are taking a look at the optimism around trade, catching a bid for safe havens as well as the reemergence of geopolitical risk with tensions rising in hong kong and the shooting of a protester. Manus we will get into the be hardoves, going to to get above 64. You have got the daily percentages of trade, aramco discovered more barrels and opecs outlook is not that great. You have got a couple of things we should keep an eye on. Gold, treasuries most important markets indicators. The worst week in three years last week. Slightly better this morning. Are thet positions highest since june this year. A little bit of a shift. People are worried about the rhetoric from donald trump. We have had the weakest shorts piling into the bonds but is it the right moment to do it . Nejra we
Trade deal, but is focused on unrest first. Blocking a no deal brexit. Jeremy corbyn asks the rival party to support him as Prime Minister in a coalition to block Boris Johnson from pursuing a no deal brexit. Welcome to daybreak europe. Hit a record low yesterday and continues slide today. Below 2 for the First Time Ever. We continue the inversion, but will it stick . Does it mean you want to stop taking risks off the table straightaway, or have you got 18 months to consider . That is the question for the markets. Yesterday we saw a riskoff with the s p 500 dropping 3 . The dow having its first route of the year dropping 800 points. We see stabilization in futures today. Its not all about bond mageddon. Bond carlsberg is out with earnings today. It is going tog initiate the brew were brewer saying it is going to initiate buybacks. Outlook onsed that august 8. In terms of the first earnings, income was 30. 4 billion krona. 5. 17 danishas krone. Net income and ebit are both out. Sales is
Flat ends when they put rates up. I think what has caused people to stop and take note is the speed with which it has flattened. You still have lots of iftral bank liquidity, even the u. S. Bank is falling back, bank of japan is expanding their programs. Ecb is really involved. You not seeing Global Central Bank for dissing winding down. Between 50 and zero, it is really the flashing side. Get a lot starting to more challenging. Above 50 you can always explain it away. Well, creditdoing spread is doing well, the economy doing well globally, i think there will be some willingness to look back look past the flatness of the curve. Jonathan joining me is Bloomberg News and Bloomberg Radio coming to us from atlanta. Joining us, Allen Higgins from london. I want to begin with you, lisa. Buts go to the chart i have been talking about for weeks and weeks and weeks and weeks. Pick your place on the curve. How much signal, i always start with this, how much signal is in that . Say a lot of peopl
To stop and take note is the speed with which it has flattened. You still have lots of central bank liquidity, even if the u. S. Bank is falling back, bank of japan is expanding their programs. Ecb is really involved. You not seeing Global Central Bank for dissing winding down. Between 50 and zero, it is really the flashing side. Things are starting to get a lot more challenging. Above 50 you can always explain it away. Equity is doing well, credit spread is doing well, the economy doing well globally, i think there will be some willingness to look back look past the flatness of the curve. Jonathan joining me is Bloomberg News and Bloomberg Radio coming to us from atlanta. Joining us, Allen Higgins from london. I want to begin with you, lisa. Buts go to the chart i have been talking about for weeks and weeks and weeks and weeks. Pick your place on the curve. How much signal, i always start with this, how much signal is in that . Lisa a lot of people will say this time is different and