Surveillance. We will be joined bygood mornind welcome the irish Prime Minister for exclusive interview. Ursula vontalking to. We will also speak to theresa may. Earlier i spoke to Philip Hammond. Now, before we get to more talk from davos, lets get straight to the bloomberg first word news. Imfs managing director has urged Steven Mnuchin to explain his comments in which he appeared to back a weaker dollar. To its lowestd level since december 2014 after mnuchins endorsement. We have said an hour presentation on monday that the u. S. Tax reform is likely to strengthening and the mediumterm in the mediumterm. I really hope that secretary mnuchin has a chance to clarify what he said. Nejra donald trump has said that he quote would love to talk under oath to robert mueller. He is investigating whether anybody close to him colluded with russia. The met last month with special Prosecutors Team and have been speaking by phone as part of a continuing it changed continuing exchange. Donald trum
The european equities failing to. Arry on that rally you are seeing france down 6 10 of a percent and the dax in germany down 6 10 of a percent. The ftse 100 down 7 10 of a percent. You are seeing some broadbased losses, but also if you look across the Industry Groups, most Industry Groups losing on the stoxx 600. The biggest losses coming from carmakers and household good companies. You are seeing Dollar Strength with a little bit of a bounce back from that threeyear low. Cable on the back foot at 1. 3992. Euro strength against the pound is what we are seeing, but a bit of Euro Weakness against the dollar. Look at what is happening in fixed income and you can see yields moving higher in the core and the periphery. The 10year bund yield up. Yields moving higher. Also, oil moving higher. Wti above 62 a barrel. Some of that might have been down to the dollar weakness. Lets check in the bloomberg first word news. Jessica summers has more in new york. Jessica President Trump is open to imp
The 2017 performance was the strongest on record. Switch toy says the electric vehicles will drive its future performance. Bloomberg learns that apple is in talks to buy longterm supplies of cobalt directly from the mining industry. Watch the european carmakers on the open at this story. Next turn our attention to what is happening. Lets show you what is gone with the wei. The futures and fair value calculations. Lloyds is fascinating. Attorney money to shareholders. Lets take a look at what is happening with car stocks. But going to talk about all of those stories. At the moment, u. S. Futures are positive. Lets get a sense of what is happening all around the world. Yesterday, european stocks did well. Lets look at what is happening with the yen. Dollar on the front foot. In this big week for the bond market. The walmarts margin store yesterday . That is fascinating. It tells us a lot about the inflation narrative. I think there is a role in wti today. Take a look at what brent is doi
Anna good morning, everyone. This is bloomberg daybreak europe. Breaking headlines from switzerland. Newing authorization of a Share Buyback program. The backward looking numbers netting. This comes in ahead of estimates. This is a year where we have heard from many of the insurance the backward lookingcompanies py natural disasters including forest fires in california and earthquakes and mexico. The only positive from the business perspective from all of that for the insurance sector is willthere is hope this lead to falling prices. That is one thing we are watching out for when we hear lead to falling prices. From swiss re. Regarding softbank, they have confirmed that they do have some interest in it. It is trying to turn it into a technology investor. It wants to purchase as much as a third of the swiss re business. They say they are in discussion softbank on a potential minority investment. We will continue to watch those headlines. Let us get an update on the markets overall. Let
Weakness. That is keeping the regional benchmark mostly flat. Volumes are quite flat, especially here in hong kong. The exception is south korea. Fx markets u. S. Dollar continuing where it left off. Eurocom a two or three month bureau, euro, a two or three month low. Gold, a massive plunge midmorning that took gold to the secondmost oversold levels on record. Rishaad we are taking a look at what sparked this. Shery it was quite something and it was basically data out of the u. S. Higher dollar, lets need for gold less need for gold. You can see around 8 30 p. M. Hong kong time on friday, we saw gold plunged. It pushed gold over the edge and today, it fell more than 4 . Gold speculators, the least bullish on record. Money managers are holding the smallest net bullish bets on gold since u. S. Government data begun in 2006. They are not just dumping gold but also dumping silver, platinum, palladium. If you look at Exchange Traded products they lost about 2. 1 billion. Rishaad we are a co