The pboc sets its daily reference rate past seven dollars for the first time, but risk assets gain is the number is stronger than consensus. Oil bounces from a sevenmonth low as the kingdom calls producers to discuss a response to the slide to the bear market in oil prices. As european earnings season continues, we will speak with the ceo of adidas and the cfo of merck. Matt good morning. Less than a halfhour away from the start of equity trading. Take a look at the 10year yield. Do you believe what the bond market is saying right now . Dropping below 1. 6 in yesterdays session. Is that forecasting a recession to come . Take a look at futures. They are indicating that the number is no. We see futures turning higher. Interesting that futures are trading higher across the continent and in the u k, as well. We are prepared to get some of the biggest exdividends on the index. Astrazeneca, unilever, some really big weights on the stoxx 600, watch for them to drag on the index gained today.
Another round. After aosedived tweeting spree. We spoke with mike pompeo. Reciprocity, core concepts. When that happens, asia will thrive. A specialposes dividend after secondquarter results. Hear from the ceo after the open. A majority of just one. Boris johnsons lead in the commons cut to a thin margin. Strategy for brexit under threat . We are less than half an hour from the european open. I have a chart of german bunds going back to the 80s. 48 basis points in concerns about the escalation in the trade war. We have some big superlatives in terms of equity futures. I saw futures down the most they have been sentenced 2009. Since 2009. Ftse futures, down a little more than 1 . What you see. We see pain for risk assets. Tape in thethe session is one of pain. You can see that written here. Equities selling off. Commodities, mostly weaker. That, moneywith going into sovereign bonds. That is very much the dominant story we are getting. That seems to be the story. Oil and gold, a slightly
The r. B. I. Says they are ready to slash rates further. And not finding drivers. Disappointing sales growth sends uber stocks plunging in after hours trading. They report their biggest net loss ever. Matt good morning. Lets check out some of the data points you want to watch today. First off is the yen, continuing to gain strength against the dollar. The stock traded 106 earlier, now at 105. 98. A new handle on the yen as trade tensions simmer and cause investors to reach for safe haven assets. Also, europound is headed for its strongest level since the financial crisis. Pence almost there, at 98 for a euro. The pound continues to weaken against the shared currency. The u. S. 10 year yield down two basis points at 1. 70. s had been down in the 1. 60 earlier as they reach for safe haven assets. Lets check in on the markets in asia. We go to Juliette Saly in singapore. Juliette mostly positive here. Asian stocks higher for a third session. We had a pretty good beat in terms of Second Qu
Ahead of testimony. Will he provide a clue as to the Central Banks path after july . Forecasts net inflows in the first half despite an overall loss of 14 million francs. Scherzer called hire at the start of european trading. U. K. Mps backup plan to prevent a no deal brexit but Gordon Johnson refuses to rule out suspending parliament in a debate with jeremy hunt. Welcome to the European Market open. Session inkluster the asian markets, range bound on many markets waiting for Jerome Powell. It looks like we will be range bound at the start of the trading day in europe. Here came futures pointing flat with a slight downward bias. A few interesting corporate stories and global stories that might be expressed through european equities. This is the gmm function on the bloomberg on the asian session. It flags any outsized moves based on standard deviations. Weve got some markets to the upside in asia but the overall move in the asian market is pretty balanced. In a Holding Pattern in Global
Topped estimates signaling optimism around new Iphone Models. It is different for samsung. Shares drop after reporting sharply lower profits amid global trade tensions. Matt welcome to bloomberg daybreak europe. We are getting figures from Credit Suisse in switzerland, secondquarter net income was 937 million swiss francs compared to the estimate for 788 million swiss francs. Really beating the estimate on the bottom line. As far as revenue, Credit Suisse says Second Quarter net revenue was 4. 5 above the street estimate. Total revenue was 5. 50 8 billion swiss francs. The estimate was for 5. 34 billion francs. Leading on the top and bottom line, secondquarter wealth 9. 5gement net new assets at billion swiss francs. Credit suisse, doing quite well in terms of the streets estimates. A beatit comes in as it for bnp paribas, secondquarter net income, 2. 40 7 billion euros. Euros. 7 billion looking through the details, bnp paribas Second Quarter revenue rising 8. 8 to 793 Million Euros. F