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Protests against a label law that was passed earlier this month that opponents say will erode workers rights and dismantle environmental protection. This is the dollar index on the way down. One week lows earlier on today. The euro new york crude moving to the downside. We had the report on inventories showing u. S. Stockpiles were indeed much higher than had been anticipated. Dollar weakness, golds gain. Tom lets bring you the first word news and a catch up on the pandemic situation in europe. Be amains and continues to coronavirus hotspot, with new daily infection records in germany and the netherlands. Ing a curfew in madrid. Manchester is being forced into the u. K. s strictest curbs. In the u. S. , new yorks governor blames President Trump for virus deaths in his state, calling him a liar and a super spreader. California is easing restrictions in San Francisco. By the u. ....
Of yields, and the question for the market is this. Is the fed a shoe in in terms of the rate cut that we expect . By the way, does anyone care about a 1 trillion deficit in the u. S. . Yousef the winds of change are upon us. That is what the folks at Morgan Stanley say, their chief equity strategist put out the notes. The returns from u. S. Growth were surpassed by their expectations. Lets get to some of the other market action, and a bit of a rep from hong kong with sophie kamaruddin. Sophie asian stocks are extending, but we are seeing volatility with tracking lower. Bojhead of the fed and the meetings later this week. Results. D see solid check out hsbc, the stock falling in the afternoon section. The stock edged higher in the morning session. I just want to highlight the continued selloff in chinese bonds as well. The 10 year yield dumping the most in the six months, with momentum. Oficymakers are wary aggressive stimulus. Wo ....
manus: warm welcome to daybreak europe. it was supposed to be the curtain raiser for the white house. between the likes of bernie and candidates ine iowa. chaos is the headline. democrats created an app for everyone to post their votes in this caucus. now you are looking at 1600 venues of participation, officials discovered inconsistencies. making post caucus statements and yet we do not know who has won. biden s counsel has put in a request demanding full explanations and relevant information about the quality control and the effort before any results are released. this is a moment of chaos in the decision-making process in iowa. for wall street, what they are eyeing is those hints of how deep support for sanders runs and how that could catalyze a big reaction in markets. speaking of markets, still a lot of focus on earnings. i m looking at sony, seeing its full-year operating income at ¥880 billion. it did see ¥840 billion, so that is a little lower than previou ....
Turnaround the european operation. Morning. Ery good this is daybreak europe. Lets talk about the asian equities session. Another boy in story for stocks. Japanese returning to the market. Msci asia pacific up. 3 . T is not all positive samsung is one of the negatives over on the seoul market. Their Earnings Report suffering a little bit because of the dollar weakness. That is weighing on the equitys story a little bit in south korea. Our focus on south korea and north korea is around geopolitics. More details of that in the samsung story. Lets talk about what is going on in fx markets. Later our attention will return to fed speakers. Today lets focus in on the yen and euro because interesting moves in both of them. The yen, and overnight story. We see the yen gaining this morning as the boj trimmed some of its bond purchasing. A small tweet to the long ticket buying. Governor kuroda told us there is nothing to see in terms of ex ....
Welcome back, everybody. This is bloomberg daybreak europe. Welcome back to another trading week. We have a quick look numbers through from ryanair. 750 million euro Share Buyback in february. Thirdquarter revenue comes in exactly in line with the estimates at 1. 4 billion euros. Traffic up by 8 . At 129ve seen it million. Nothing enormously substantial. This is interesting. Some of this coming through in the numbers from ryanair. Fourth quarter fares will be up due to easter. The profits jumped into off percent, and they still see 2018 net profit at 1. 4 5 billion euros. Those are the headlines coming through. A lot of questions to ask in terms of employment cost. They finally recognize unions at ryanair. Little bit about that this morning. And how do they relate to the strong numbers we saw out of recently . We put all of that to the cfo of ryanair. Lets do a quick word on where we are in global markets. This is the big picture. ....