Betterthanexpected chinese data, giving a lift to the market. It may have gotten a little bit better. Opec up 1. 7 . Of november manufacturing also ,oming out, that tmi figure indicating a contraction because its below 50 but better than the 46. 6 that was our preliminary preview. Coming up its merger monday, all things deals with the cohead of global m a a jp morgan. Lets get straight to the bloomberg first word news. Signaling they will consider deeper cuts ahead of the latest opec plus summit. This is despite the rest of the coalition showing reluctance to refuse output reduce output even further. The meeting in vienna starts in december the fifth. The Junior Coalition partner in the German Government electing a new leadership, throwing the government into crisis. Social democrats are bringing in a team that vocally opposes the alliance with chancellor Angela Merkel. The new leadership signaling it wont bring an abrupt end to the coalition and its more likely to put forward a set of
Matt good morning from a very busy berlin. We have a office full of reporters who have been here all night long, like the Lionel Richie song, because the German Climate cabinet has been meeting since yesterday and has not been able to come to a decision on the possibility of a carbon tax or extension of the cap and trade system, and has not come to a conclusion about what environmental kinds of environmental package that could be in the tens of billions of euros ity wants to present. Nejra it will be interesting to see what that includes, and if Angela Merkel disappoints. She was criticized when she was environmental minister. It is the number one concern of german voters, and as far as what we could get, there are questions over some kind of extension of the emissions trading scheme, may be moving that to other sectors, and if there could be a carbon tax. All this could affect a number of companies, including airlines and also a lot of transport companies, matt. So what do you think m
Lift when it comes to european stoxx 600. I am trying to figure out the risk. We are entering another monday. Again is at 105. 48. Gold is down. Cold acting as a haven. Gold is acting as a haven. Coming up, we are live on the beaches where we are speaking to sell vini. Here is viviana hurtado. Viviana tense week of protests and hong kong as violence intensified. Onstrators but themselves the Police Responded firing tear gas. The clashes follow three days of demonstrations. They began friday. Most protests were denied police permits. Saudi a ramin is posting a decline. Exporterbiggest oil posted semiannual results. That is down from 53 billion a year. Say it willcials sell shares in 2020 or 2021. This weekend, the opposition grabbing the moment the momentum. Thangives him a bigger expected lead of 15 Percentage Points. Posters have said he would have trouble overcoming the margin of over seven at the main election. That is in october. 32 people have been killed and 15 missing after a ty
Giving a little bit of a lift to your markets. I am looking at the u. S. 10year yields now coupled with this truce around these trade tensions is weaker than expected factory numbers. Watch out for that. , 1387. See gold down manufacturing pmi below estimates at 47. 6. Than what the preliminary reading was. We speak to Joseph Oughourlian. The best opportunities to find value. Lets get to bloomberg first word news. Hi, francine. Deutsche bank may cut more than a fifth of its workforce. It would be the lenders shakeup in years. They may approve the loss as many as 20,000 jobs. They were working on tough cutbacks after failed merger talks. Trump coming the first sitting u. S. Leader to set foot inside north korea. He met with kim jongun at the militarized zone at the demilitarized zone. He said stepping across the border was a great honor. He also invited kim to visit the white house. Closer to becoming the next European Union commissioner. President donald two skids trying to shore up th
We are seeing quite a lot of stocks rise on the back of hope that the tax plan will move through. We do need to break it down and look at sectors. The stoxx 600 gaining 3. 3 . The eurodollar, we are looking at that because the tax plan c ould affect the dollar. We are expecting a vote. We heard from the president earlier on, saying he has people he could call on two major the tax plan goes through. Could call on to make sure the tax plan goes through. We talk brexit and the outlook for 2018 with Vincent Chaigneau. In the next hour, we break down withs. S. Tax overhaul the Global Economic strategist from blackrock. And later on, we speak with pierre moscovici. We have many questions for him, including the tax plan. Here is sebastian salek. Reporter u. S. Lawmakers are scrambling to lock up support for the tax bill. This would provide a multimillion dollar windfall for the real estate investors. Tax experts say the change, which would allow real estate businesses to take advantage of a n