[indiscernible] guy germany Just Announced a package of measures to try and put its environmental targets back on track. Our governments spending enough money are governments spending enough money . Ignacio yesterday in the speech of president macron, he was recommending that the money that already has been taking the necessary step in decision for this has happened. I think the world is investing more and more in renewables. We already invest in that one. Nations, in the united trying to do the best to delay certain action to be taken. In some cases, the delay is a process which the already has to be passed in the Different Countries, so there is action with the political leaders in Different Countries to try to accelerate all of these. To delay andlike postpone the education of those plans, introducing papers and more papers to certain channels in order to delay to make this process not happen or happen later on. Vonnie there was an auction last week in which offshore wind was sold f
Pmi data for the euro area. Look at european equities. We are trading down. 8 . The forecast was 52 so it is a miss on the composite. We are already seeing Euro Weakness ahead of this so we might see a leg lower in the euro. European equities on the back foot which is a divergence what we have seen with u. S. Futures. Mixed messages over the weekend over whether there is optimism or pessimism coming in over trade talks. He drop of the 10year yield brent crude is coming off the highs from earlier. Concerns around iran and the speed of saudi a ramp saudi aramco. We are live at the Labour Party Conference to speak to the director general. That interview with Carolyn Fairbairn is that 9 45. Viviana and the u. K. , that is where we begin. Boris johnson is the latest leader to say iran was behind the attack on saudi arabia. He made the comments to the u. N. General assembly. The comments coming at eight tough time for tehran. It. Denies i am not confident, i am confident that we can not star
Welcome to bloomberg daybreak europe. We end the week with a risk on. The msci asiapacific index with a fourth week of gains. The s p 500 yesterday closing within 0. 5 of that record high, lifted by this report of a potential interim deal between the u. S. And china. The 10 year yield goes up another basis points. We have risen more than 20 basis points this week, the biggest weekly gain in that 10 year treasury yield since 2016. 108. 14 is where dollaryen sits. The market seemed to take the easy be decision as ecb decision as dovish. 5 higherended 0. 0 yesterday. Brent heading for a weekly drop with the iea warning that opec faces a looming surplus. Thats get back to the ecb. Mario draghi delivered his final stimulus package after overcoming an unprecedented revolt from projectors. The risks surrounding the euro area Growth Outlook remain tinted to the downside. We still think the probability of a recession for the euro area is small, but it has gone up. Outlook andeconomic continued
Disagrees. As ecb bond buying divides opinion, we will hear from Christine Lagarde, plus how negative yields are impacting the Worlds Largest Sovereign Wealth Fund. Matt i know what the big news for you was last night. Number in the u. S. Showing manufacturers in contraction was fascinating. It definitely moved markets. If you are, even sitting in the u. K. , there is no doubt that was one of the biggest market moving things yesterday in terms of increasing fears, changing the price on futures. We will discuss that. Matt we will touch on brexit. We are going to be going down to westminster throughout the morning and following the fall out of last nights vote. Lets take a look at the market numbers right now, starting with asian equity indexes after those big drops in u. S. Stocks. We see asian stocks rising. Yen bouncing back a little bit. Just an hour ago. To sellare more willing safe haven assets in the last 60 minutes. Crude oil i think fascinating. Weakness we have seen in crude oi
Boris johnson becomes Prime Minister today. He has to build a cabinet and tackle brexit by the halloween deadline. Deutsche bank trading slump deepens. The cfo spoke to bloomberg this morning about the impact of low rates. We are very aware that outlook deteriorated in june. It does represent a revenue pressure for us and all of the banks if rates go down further. Anna daimler sets its sights on recovery, operating profit will improves significant leak in the second half as rival peugeot downgrades across the world. Going to talk more about the Banking Industry, german asset manager dws had a 4. 2 billion euros in inflows in the quarter. Spot forbig bright Deutsche Bank, the Parent Company. The influx is beating average analyst estimates, this quarter 2. 9 billion euros. Bank,e news for deutsche it owns almost 80 of the asset manager. Thats bring in claire peel, cfo, dws group. This time last year it was a different story. The Asset Management business has turned around, more than 700