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BLOOMBERG Bloomberg Daybreak Europe July 13, 2024

Moves higher on reports that saudi arabia and russia could cut global output by 10 Million Barrels a day. This comes as the u. S. Cuts its Production Forecast ahead of tomorrows opecplus meeting. Welcome to bloomberg daybreak europe. After the rally and equities yesterday that took them above the march low, the cac 40 and the ftse in europe also into bull market territory. You have to ask yourself whether this is the biggest bull market trapped in history or the shortest bear market on record. When it comes to credit, you have howard marks saying maybe now is time to move from defense into offense. Cautions saying cautious positioning has served its purpose. Waiting for a market bottom. You look at bernanke and he talks about a gradual restart to the economy. Maybe we are all running before we can walk in that regard but it is not going to be the
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BLOOMBERG Bloomberg Daybreak Asia July 13, 2024

Selling but the glut looms over the market. The politics of the pandemic. The u. S. And china continue to trade barbs over their handling of the crisis. Washington says the world has been let down. Breaking news out of south korea. We are getting First Quarter gdp numbers quarter on quarter, seeing the biggest drop since 2008. Young talking about a contraction of 1. 4 . It is still a little bit better than expected. The expectation was a contraction of 1. 5 but it will still be the First Quarter on quarter retraction since 2009. The year on year number rising 1. 3 , is also bigger increase and was expected. It was expected it would only gain 1 . It is also growing this rise of 1. 3 year on year coming after growing more than 2 in the past two quarters, so it is still a slowdown from the previous quarter. We are seeing manufacturing taking a big hit, a contraction of 1. 8 for th ....

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BLOOMBERG Bloomberg Daybreak Australia July 13, 2024

Projections for 2021 are also being revised down. And, where it all began. China has lifted travel in wuhan, ending 11 weeks of a lockdown that disrupted the lives of millions of people. Shery happening right now, President Trump speaking at the white house, talk about how he is handling the virus outbreak, saying he will ask congress for an additional 250 billion. Take a listen. Pres. Trump it was a big, important thing. We are looking to have far fewer deaths than originally thought. I think we are heading in that direction, but it is too early to talk about it. I really dont want to talk about it now. Doingk that people are an incredible job. The doctors, the nurses, the firefighters, the police. All medical people, the bravery they are displaying is just incredible. Every citizen should take nd selflessness and all the courage and compassion of our people. The people that are working, and construction workers going into hospi ....

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BLOOMBERG Bloomberg Daybreak Asia July 13, 2024

This hour. But the city where it all began is getting back on track. China lifts travel terms in wuhan, ending 11 weeks of lockdown that disrupted the lives of millions. Shery we are seeing kiwi stocks gaining ground. We had seen u. S. Stocks under a lot of pressure today. There was a lot of volatility. U. S. Futures continue to fall 3 10 of 1 . We have surged as much as 3. 5 in the u. S. Session, but that really wasnt supported through the end of the trading day. Bk futures also down nikkei futures down after japan unveiled the 108 trillion yen stimulus package. We have seven prefectures that declared a state of emergency. Current account balance and trade balance this hour. We have crude at the moment rebounding after falling to the weakest level since the start of the month. Trump hassident threatened to withhold funding from the world health organization. He has been telling reporters at the latest coronavirus White House Br ....

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BLOOMBERG Bloomberg Daybreak Asia July 13, 2024

To rise. S continue the u. S. Now topping one million american deaths, now surpassing the total suffered in the vietnam war. President trumps top infection expert says the virus is not truly going to go away. Anthony warns any reopening of the economy must be prudent. Breaking news out of south korea right now. We are getting march Industrial Production numbers. When it comes to the month on month figure, a gain of 4. 6 . This was a much bigger than gain then was expected, reversing two months of declines. When it comes to the year on your number for Industrial Production, it is a gross search of 7. 1 percent again. The expectation was at was for a contraction. We have seen the south korean economy really battling the coronavirus pandemic. We had seen First Quarter gdp sinking seeing the biggest drop since t ....

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