Headquarters. Lets kick off this morning with breaking news out of south korea. Rosemer prices in july 0. 2 from the previous month. Economists estimated a rise of 0. 2 . Looking at the yearoveryear change prices, it rose 7 10 of 1 compared to estimates of 0. 7 . It is coming in line with estimates. Modest Inflation Numbers have been the norm for south korea facing challenges of sluggish domestic demand. Inflation has remained below the Central Banks target range for over 30 months now. That target range over 2. 5 . Members out of south korea showing inflation data rising 7 10 of 1 on a yearly basis. Lets check in on markets in asia this morning. To new Zealand First where we are waiting for the commodity price numbers. We are seeing a trending down 90 after some momentum for new zealand stocks. The new Zealand Dollar spot at. 6568. We are counting down to the openings of japan, south korea and australia. We are also waiting for data on japans monetary base. It closed down 2 10 of a pe
Lets get straight to one of our top stories. It is Hurricane Irma. This is the hurricane go function on bloomberg. It charts the path of the ongoing story. That northward shift we have been waiting for. We are getting a better indication of what will happen when it comes to that. The projected path right now as the hurricane approaches the u. S. Coast is for a direct hit up the west coast towards tampa. Buti might be squared, tampa looks to be the big loser here. Meanwhile, we are talking about a storm surge of about 13 feet up tampa. It is headed towards the north. We are not expecting it to come in to beaumont, louisiana or oil refinery hub towns in texas. One more things before we leave the hurricane go function, take a look at hurricane jose. It is coming up right behind Hurricane Irma. One of the forecast models has jose moving up the east coast and making landfall as a category three hurricane. Lets talk about some of the Market Impact we have seen. If you pull up the gmm irma hu
Welcome to bloomberg daybreak europe, our flagship morning show. Im anna edwards. We have great guests coming up, in particular from the frankfurt morning show. Bmw special representative joins us in about 15 minutes time for the first conversation of the day. That is followed by Stephen Armstrong at 6 30 u. K. Time. We will get into those conversations about electric cars, about diesel, about the future. Lets get to the markets, though. We need to tell you what has been happening over the last 24 hours. The United States picked up at risk on atmosphere we saw in the Asian Session and the european session yesterday. The snp, closing at another new record high. In fact, we have the snp here, charting its course through 2017, and pushing up against that green line, which marks where wall street strategists think the snp will get to. It was financials, technology stocks, insurers, all of those companies, quite a broadbased rally, bouncing after the receiving threat of Hurricane Irma. Inve
Lets put it this way. It will be challenging and it will be rocky. Meaning there are contrasting orces. A very warm welcome everybody todaybreak europe. Im anna edwards. Im matt miller here in berlin. Back in berlin after a week in frankfurt. D in speak about v. W. But for the moment lets start with equity markets and investors need to be protected against drop in equity markets. There was a Strong Performance yesterday in the u. S. All three major stock indexes closed at record highs in the United States yesterday. This is important. Have you taken out protection against a sharp fall in markets . The number of investors taking protection increased the most in 14 months. In early september, around the time we saw the north Korea Nuclear tests. The most powerful nuclear test wes have seen from north korea. Hat has focused minds on being a tail risk to be concerned about. Investors had more underweight in u. S. Stocks than in 10 years which i think is a massive signal to the market. Take
Euro to much better levels. I do not think they will do anything for the time being. A very warm welcome to bloomberg daybreak europe. In flagship show, from here the city of london, i am anna edwards. And imf miller in berlin. A lot to Pay Attention to throughout the day, especially when we look at currency moves. Anna i will talk about the dollar in a moment. The big story around aramco, will it be in new york, along with riyadh . I should point out, the saudis say aramco remains on track. That big story throughout our programming. Risk on has been the story at the beginning of this week. To what extent has that unwound the dollar last week . Making something of a comeback. The u. S. Dollar Bloomberg Index shows at the bottom of the screen. Risk assetsrally in at the beginning of this week, now pausing in asia. Chinese data, all three measures coming in below estimates. All cooling, versus the last months set of data. So much to learn, whether that is the bank of england rate decisio