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Apr 1, 2021
04/21
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one of europe's largest ets providers. taiwan semiconductor is planning to send $100 billion over the next three years to grow its chip capacity. tsmc is the world's leading manufacturer of advanced semiconductors. it was already planning record expenditure but is now pushing for even more. it says it is working with customers to overcome a deluge of demand. giving young investment bankers a $10,000 allowance for 2021. it is also encouraging staff to take time for themselves on friday nights and until saturday at noon. sources tell us they want the money to be used on improving mental health. i think ken mullis -- moelis mentioned only one saturday a month and not in the middle of a deal. anna: thank you very much. let's talk about listing. deliveroo had a dismal trading debut as london abandoned the startup criticized for its labor practices and corporate governance. the ipo was meant to be a triumph. in the push to move tech firms away from new york. how does london up its attractiveness as a place to list? we are joined
one of europe's largest ets providers. taiwan semiconductor is planning to send $100 billion over the next three years to grow its chip capacity. tsmc is the world's leading manufacturer of advanced semiconductors. it was already planning record expenditure but is now pushing for even more. it says it is working with customers to overcome a deluge of demand. giving young investment bankers a $10,000 allowance for 2021. it is also encouraging staff to take time for themselves on friday nights...
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Sep 28, 2021
09/21
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trade is most of within europe. germany through its exports sector has a link to china and the business cycle and how monitory authorities in the government in china will continue supporting the chinese business cycle. then a number of mitigating factors. we are positive on the german economy and the german equity market. francine: you have important reports on women in the work place. and the effect the pandemic has had on gender diversity. what is the most significant thing you are seeing that could impact the value of investments? dr. hechler-fayd'herbe: for women, the most important thing to realize is this is an investor group that is exposed to fixed-income. this is the most prevalent asset class. we have been speaking about the increase of yields. reviewing that in the light of the new episode ahead of us is critical. and making sure they are sufficiently exposed to equities as a sort of capital growth. it is critical, women are coming back from a timing covid where they have drop out of the labor force entir
trade is most of within europe. germany through its exports sector has a link to china and the business cycle and how monitory authorities in the government in china will continue supporting the chinese business cycle. then a number of mitigating factors. we are positive on the german economy and the german equity market. francine: you have important reports on women in the work place. and the effect the pandemic has had on gender diversity. what is the most significant thing you are seeing...
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Sep 2, 2021
09/21
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this is "daybreak: europe." ecb policy makers sparring over ending stimulus amid a rise in inflation. stocks are mixed as we position for the u.s. jobs report. chinese taxpayers some gains as ride-hailing companies come under criticism. we will hear from president xi jinping. opec plus sticks with plans to supply hikes. perspective from -- of energy aspects. i want to bring your attention to the positioning of two of the biggest, most important central banks. a terminal chart showing what is happening, in terms of a yield differential narrowing between the pboc and the fed. when it comes to the benchmark, the u.s. 10 year and chinese 10 year. chinese 10 year 280. the u.s. 10 year at 130. not near the 70 highs we got earlier for the u.s. 10 year. but those of you coagulating coming to the idea that 150 is what you get come the end of the year. china is different. pboc pumping about $40 billion to $50 billion into its banking system to support sme's. that is playing into the bond space. 280 on the u.s. benchmark.
this is "daybreak: europe." ecb policy makers sparring over ending stimulus amid a rise in inflation. stocks are mixed as we position for the u.s. jobs report. chinese taxpayers some gains as ride-hailing companies come under criticism. we will hear from president xi jinping. opec plus sticks with plans to supply hikes. perspective from -- of energy aspects. i want to bring your attention to the positioning of two of the biggest, most important central banks. a terminal chart showing...
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Apr 16, 2021
04/21
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in europe you have yields continuing to move higher. showing you over in europe. basic resources doing well. your reopening, you will feel good about oil and copper. copper having one of its best streaks for the commodity in a while, also oil separate, best week since or early march. i want to point out where we are seeing consumer stocks. retail stocks up over 1%. l'oreal having super solid sales , rising the first quarter. let's take a look at some of the individual names. l'oreal down 2%, but sales did rise in the first quarter. demand from china with a 10% jump in organic sales. hello fresh down 2% despite the fact the first quarter saw "a massive beat." deutsche bank saying it is definitely a buy. berenberg agrees. is it a by the rumor, sell the news kind of thing. dime are up about 2% -- dime up about 2%. china a huge part of that. we will break down whether it is able to continue. matt miller spoke the automaker ceo and they talked about how the company is committing billions for its electric rush. >> the five-year plan daimler signed off on just before chr
in europe you have yields continuing to move higher. showing you over in europe. basic resources doing well. your reopening, you will feel good about oil and copper. copper having one of its best streaks for the commodity in a while, also oil separate, best week since or early march. i want to point out where we are seeing consumer stocks. retail stocks up over 1%. l'oreal having super solid sales , rising the first quarter. let's take a look at some of the individual names. l'oreal down 2%,...
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Sep 16, 2021
09/21
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the stock europe 600 is gaining. 30 minutes into the session in europe. the u.k. in the ftse 100 concerned about energy crisis at the moment. over in germany, you can see gains at this stage. the cac is up. we are talking about the geopolitical spac the ecb remains a focus for many investors. the central bank is way up in inflation. in the sectors, how things are breaking down. energy was at the top of the list and utilities were the problem. travel and leisure, 82% so far. at the top of the list. supply chain constraints still at play. you are seeing basic resources down. that is how markets are shaping up 30 minutes into trading. anna: let's get more into the energy crisis. limejump ceo catherine newman joins us. your thoughts on what is driving this and whether you see it coming down anytime soon. catherine: it is unprecedented times. we have low gas coming into the u.k. very low wind output, huge amount of altitude across the board. another two gigawatts disappearing from the u.k. markets, driving prices higher. on tuesday, there was an auction -- a record hig
the stock europe 600 is gaining. 30 minutes into the session in europe. the u.k. in the ftse 100 concerned about energy crisis at the moment. over in germany, you can see gains at this stage. the cac is up. we are talking about the geopolitical spac the ecb remains a focus for many investors. the central bank is way up in inflation. in the sectors, how things are breaking down. energy was at the top of the list and utilities were the problem. travel and leisure, 82% so far. at the top of the...
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Oct 12, 2021
10/21
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you end up with all of these strange dynamic swear in europe, -- strange dynamics where in europe, europe needs investment in industrial batteries to increase storage of electricity, but europeans won't buy those in asia because the factories that produce those batteries are powered by coal, so you end up with a shortage of batteries in europe, which means you can't have the electricity you need to power electric vehicles. so there will be sequencing issues where if you take the purest approach where you don't want to have any exposure to coal, you don't build the infrastructure you need to allow this transition to happen. i think that is a challenge which we are in right now, wher it ise a sequencing issue. you do need a lot of energy to transform the system to a new one, but how do you power that transformation? renewable alone won't be enough to do that. alix: how do you make money off of this? bilal: the way to make money is to understand that in the end, paradoxically, there will be a lot more demand for fossil fuels then people would initially anticipate. there has been chronic unde
you end up with all of these strange dynamic swear in europe, -- strange dynamics where in europe, europe needs investment in industrial batteries to increase storage of electricity, but europeans won't buy those in asia because the factories that produce those batteries are powered by coal, so you end up with a shortage of batteries in europe, which means you can't have the electricity you need to power electric vehicles. so there will be sequencing issues where if you take the purest approach...
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Sep 15, 2021
09/21
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anna: coming, europe's energy. governments get ready to step in as prices keep breaking new records. ♪ >> this is going faster than we thought, to the point where we will have pre-covid-19 levels before the end of the year, 2021. we anticipated it would be early 2022 at best. anna: christine lagarde there. more from that conversation throughout the day. europe is in the midst of an energy supply crunch as prices spiked to record highs. low fossil fuel inventories and weak winds have pushed gas prices to unprecedented levels. incredible charts around the gas market. italy, france, and spain are all considering ways to ease the impact on consumers' electricity bills. for more, bloomberg's energy reporter. good to have you with us given how much focus there should be and probably will be on the story. european gas prices have surged to record highs, but this might not be over. can they go higher from here? >> as you say, we are seeing almost every day and new all-time record high being set. european prices have surg
anna: coming, europe's energy. governments get ready to step in as prices keep breaking new records. ♪ >> this is going faster than we thought, to the point where we will have pre-covid-19 levels before the end of the year, 2021. we anticipated it would be early 2022 at best. anna: christine lagarde there. more from that conversation throughout the day. europe is in the midst of an energy supply crunch as prices spiked to record highs. low fossil fuel inventories and weak winds have...
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Sep 2, 2021
09/21
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is the structure in europe the same? can we see the same kind of wage increases as quickly as we have seen in the u.s.? peter: that is a key question. in the u.s. there is an inflation risk. there is a risk. you have to be ready for that. if inflation proves to be higher than expected than there would be a big reaction. this point you have a big adjustment and asset prices on the bond market. for the ecb the question would be trying to shelter, trying to avoid the spillover from the u.s. that is the first point. the second point is the inflation situation in europe is quite different from the united states. when the covid shock came the economy was not performing very well. there was still a lot of slack in the economy. it is a very different situation from the u.s.. it seems to have gone relatively well compared to what was expected, but it is not a reason to change the policy, especially with the ecb strategy, which implies the persistence of monetary policy to reach the 2% objective. if it goes faster because of a sup
is the structure in europe the same? can we see the same kind of wage increases as quickly as we have seen in the u.s.? peter: that is a key question. in the u.s. there is an inflation risk. there is a risk. you have to be ready for that. if inflation proves to be higher than expected than there would be a big reaction. this point you have a big adjustment and asset prices on the bond market. for the ecb the question would be trying to shelter, trying to avoid the spillover from the u.s. that...
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Feb 5, 2021
02/21
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if you look at the differences between europe and u.s., europe 93%, u.s. went after 33%, talking about 423 billion of debt restructuring in the world, as of which only europe really went into a lockdown, almost from a physical point of view but also from a restructuring, financial point of view, because of the protection, is what americans call the kicking the can down the road. for what we have been seeing in europe, we have seen happening, as often is the case come in the longer period in the next couple of years in europe. francine: stefano, is it healthy companies that are, you know, going bankrupt or researcher because of the pandemic, or is it companies that would have not survived anyway, it would have just taken longer to get there? stefano: it would be more the second case. companies that were struggling before and that were limping around and have been put into the debt in kind of a frozen state, but now they will not be able to survive after that, and, to some extent, this is the better cleaning that did not happen and happen that every crisis.
if you look at the differences between europe and u.s., europe 93%, u.s. went after 33%, talking about 423 billion of debt restructuring in the world, as of which only europe really went into a lockdown, almost from a physical point of view but also from a restructuring, financial point of view, because of the protection, is what americans call the kicking the can down the road. for what we have been seeing in europe, we have seen happening, as often is the case come in the longer period in the...
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Apr 6, 2021
04/21
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if you look at europe and the u.s. on a basic level, the treasury spread, we went into march around 16-205 basis points -- 160-205 basis points. with the vaccine rollouts, and in europe the third wave slowing down potential growth, you could argue for u.s. exceptionalism but the global data should continue to be good. we see a lag in the china impetus, and they were first out of the covid side of things. it was holding up global growth at the back end of last year. you see stocks underperform there. the activity is starting to pick up. we think as we go into the summer we will see economies reopening as vaccines start working. that global growth impetus will spill over to the rest of the world and not be such a u.s. centric story. annmarie: mitesh parikh, founder and cio, matador investment management stays with us this morning. we are getting a number of credit suisse headlines. the latest headline, they see the first quarter pretax loss including a charge of 4.4 billion swiss francs. laura: officials from iran and th
if you look at europe and the u.s. on a basic level, the treasury spread, we went into march around 16-205 basis points -- 160-205 basis points. with the vaccine rollouts, and in europe the third wave slowing down potential growth, you could argue for u.s. exceptionalism but the global data should continue to be good. we see a lag in the china impetus, and they were first out of the covid side of things. it was holding up global growth at the back end of last year. you see stocks underperform...
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Feb 16, 2021
02/21
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growth rate will rebound more strongly than in europe. so in general terms, the scale of the stimulus will be more supportive of u.s. growth than a smaller fiscal stimulus is going to be against the backdrop of a bigger drop in demand in europe. so i think without a doubt, the recovery back to prepend them at levels will be a lot quicker in the u.s. then it will in the euro zone, but by the same token, you could compare this fiscal stimulus to any fiscal stimulus. it is still filling a whole to some degree rather than just adding to an underlying level of gdp, like for instance, back in 2018. so there will be some risk associated with it, but for a lot of people, it is replacing lost income. it is not just an additional sugar rush on top of that. alix: that is a really great point. janet henry of hsbc, you are going to be sticking with us. all of that draghi hope is now in the market. we will when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to s
growth rate will rebound more strongly than in europe. so in general terms, the scale of the stimulus will be more supportive of u.s. growth than a smaller fiscal stimulus is going to be against the backdrop of a bigger drop in demand in europe. so i think without a doubt, the recovery back to prepend them at levels will be a lot quicker in the u.s. then it will in the euro zone, but by the same token, you could compare this fiscal stimulus to any fiscal stimulus. it is still filling a whole to...
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Nov 27, 2021
11/21
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on that front, europe has done quite well. we have over 70% of the adult population that is completely vaccinated in the euro area, and some countries are in excess of 80%. that has been a significant boost for growth and has helped governments not go back to these stringent containment measures that we had seen previously. david: during covid, were you working remotely, i mean, running the bank from one of your homes or from a home somewhere, or were you going into the office? ms. lagarde: i spent quite a few weeks stuck in my frankfurt apartment during the first wave of covid. the very sizable package we put together for monetary policy purposes was engineered around my kitchen table. subsequently when funding was more flexible, and we could move out, i went to the office a bit. but the by default solution is remote working still today, and probably until the end of january, and then we will see. david: well, you should take that kitchen table and move it to your office. it was very productive, right? ms. lagarde: [laughter]
on that front, europe has done quite well. we have over 70% of the adult population that is completely vaccinated in the euro area, and some countries are in excess of 80%. that has been a significant boost for growth and has helped governments not go back to these stringent containment measures that we had seen previously. david: during covid, were you working remotely, i mean, running the bank from one of your homes or from a home somewhere, or were you going into the office? ms. lagarde: i...
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Aug 24, 2021
08/21
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what do you need to know out of europe? g7 meters -- g7 leaders meeting on the crisis in afghanistan, pressing president biden to extend the withdrawal out of afghanistan. olaf scholz delivers a shock and germany. the pfd moves beyond the cdu in the first poll. france's health regulator backs calls for booster shots ahead of approval by the ema. spot commodities are leading the charge. that is a big driver in europe. brent crude up by nearly 3%. alix: big part of that is the dollar. the bloomberg dollar index down to session lows. in theory, what we saw over the last one you for hours is really a pboc pop. the pboc said they will extend credit. they will not be withdrawing credit as may some thought before. that really helps support the beaten-down tech names, and that really spread to europe for a bit, and then picked up steam here in the u.s. the s&p up either a .3%, led by the cyclicals. just to highlight the china support, this is the golden dragon china and asked that monitors chinese adrs listed in the u.s. that is pu
what do you need to know out of europe? g7 meters -- g7 leaders meeting on the crisis in afghanistan, pressing president biden to extend the withdrawal out of afghanistan. olaf scholz delivers a shock and germany. the pfd moves beyond the cdu in the first poll. france's health regulator backs calls for booster shots ahead of approval by the ema. spot commodities are leading the charge. that is a big driver in europe. brent crude up by nearly 3%. alix: big part of that is the dollar. the...
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10.0
May 24, 2021
05/21
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tom: the timing is 3:00 in europe. that is central europe. in eastern europe it is 4:00 p.m. about at the point of pre-conferences and agreements. i would think in the next six hours we will have a lot more to talk about. lisa: this comes at such a delicate moment internationally and economically. the idea people are just starting to travel again. we are seeing president biden try to set a new agenda for the united states and prepare for his trip to the summit in europe. such a perilous moment in some ways. a crossroads for 70 different aspects of the global economy. this highlights them in one swoop. tom: no doubts we will have comments from the white house as they wake up at 9:00 washington time. markets are range bound, but then they are not. the vix in nicely with enthusiasm. s&p 500 up 23 point. jon called in from coventry, wanting to quote the dow. 4292 on the dow. a nice lift to the markets. on "balance of power" the cogent voice on the republican side, glenn hubbard with republican -- with columbia business school. stay with us on belarus. this is bloomberg on radio,
tom: the timing is 3:00 in europe. that is central europe. in eastern europe it is 4:00 p.m. about at the point of pre-conferences and agreements. i would think in the next six hours we will have a lot more to talk about. lisa: this comes at such a delicate moment internationally and economically. the idea people are just starting to travel again. we are seeing president biden try to set a new agenda for the united states and prepare for his trip to the summit in europe. such a perilous moment...
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Jan 25, 2021
01/21
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it is "daybreak europe." i am manus cranny in dubai. xi jinping is set to deliver his first speech since joe biden entered the white house. remarks that could set the tone for relations between the two biggest economies for the next four years. the standard life aberdeen chairman, douglas flint, told haslinda amin how he thinks the relationship will evolve. douglas: the u.s. will continue to see china as a strategic competitor and i think that is the right way to think of them. i think there are three aspects to the relationships -- the relationship with china, as there are too many other nations. one is there are going to be areas of significant geopolitical differences in terms of approach and things that are happening that need to be called out and spoken house. there is the trade opportunity in terms of mutual investment and the opportunity to access what will be, you know, the largest economy in the world in 10 years time, and then there's the areas where we need global cooperation. i think biodiversity,
it is "daybreak europe." i am manus cranny in dubai. xi jinping is set to deliver his first speech since joe biden entered the white house. remarks that could set the tone for relations between the two biggest economies for the next four years. the standard life aberdeen chairman, douglas flint, told haslinda amin how he thinks the relationship will evolve. douglas: the u.s. will continue to see china as a strategic competitor and i think that is the right way to think of them. i...
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Mar 10, 2021
03/21
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manus: this is "bloomberg daybreak: europe." i am manus cranny in dubai. let's take a look at cybersecurity now. a group of hackers say they have breached a massive trove of security camera data out of a silicon valley startup, gaining access to live feeds of surveillance cameras inside hospitals, jails, and carmaker tesla, amongst others. joining us now is our reporter for cybersecurity. thank you so much for being with us. how did it happen? more importantly, what do we know about the scale, the size of this hack? >> i think the scale and size of the attack are probably what are the most extraordinary things about it. on monday, a group of hackers was able to access the live feeds, as well as the archives of 150,000 surveillance cameras inside, as you said, hospitals, police departments, prisons, schools, and companies, including tesla. this is probably one of the most extraordinary aspects of this. they were able to access administrative credentials that were publicly available on the internet. they were able to use that user
manus: this is "bloomberg daybreak: europe." i am manus cranny in dubai. let's take a look at cybersecurity now. a group of hackers say they have breached a massive trove of security camera data out of a silicon valley startup, gaining access to live feeds of surveillance cameras inside hospitals, jails, and carmaker tesla, amongst others. joining us now is our reporter for cybersecurity. thank you so much for being with us. how did it happen? more importantly, what do we know about...
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Jun 29, 2021
06/21
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concerns grow as europe risks another lost summer. stocks lift as the reflation trade sizzles, but treasuries held onto yesterday's gains. more payouts from wall street, cash returns to investors after tanks pass the fed stress test. but citi bucks the trend with no planned increase. plus, demand concerns, will slips over concerns opec-plus might increase output despite the threat of a slowing recovery. good morning, here we are a day after the carnage in the cyclical trade. it was remarkable to see yesterday that industrials, financials, energy all getting decimated, screaming late psychodynamics as we have the yield curve flattening as well. is it a head fake? we have over at j.p. morgan, they are saying that financial conditions are too tight, tight credit spreads, real rates that are too low to be positioning for in psychodynamics. maybe this is the environment where we want -- four end psychodynamics. this might be the varmint where we want to sell bonds. yousef: the steepening yield curve could be temporary, that is something to
concerns grow as europe risks another lost summer. stocks lift as the reflation trade sizzles, but treasuries held onto yesterday's gains. more payouts from wall street, cash returns to investors after tanks pass the fed stress test. but citi bucks the trend with no planned increase. plus, demand concerns, will slips over concerns opec-plus might increase output despite the threat of a slowing recovery. good morning, here we are a day after the carnage in the cyclical trade. it was remarkable...
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5.0
Jun 17, 2021
06/21
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better in europe. the indications now in europe are cheap to the rest of the world, so i thing that is going to continue for a while. thank you for mentioning it. [laughter] guy: one final quick question from me. when is the bank of england going to raise rates? erik: that is a tough call. here you have this problem, i think, that the treasuries are actually on a path that is much more austerity bound than even continental europe. that would be a fight between downing street and the treasury, but i think they are still some way away from it. but they are still sitting a little but on their hands and seeing what happens, so a good long way out. alix: really good to catch up with you. thanks for joining us, eric nelson of unicredit. as we had to break -- erik nielsen of unicredit. as we head to break, you are looking at the 30 year at its lowest level since february 26, down by about eight basis points now. a total reversal from what we saw yesterday. guy: i think that is totally logical, isn't it. the f
better in europe. the indications now in europe are cheap to the rest of the world, so i thing that is going to continue for a while. thank you for mentioning it. [laughter] guy: one final quick question from me. when is the bank of england going to raise rates? erik: that is a tough call. here you have this problem, i think, that the treasuries are actually on a path that is much more austerity bound than even continental europe. that would be a fight between downing street and the treasury,...
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Jan 15, 2021
01/21
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has the potential to deliver all of this better than europe? this europe versus u.s. comparison at the moment, much was made of europe's hamiltonian moments. the next generation funds and this will be spent on a green revolution. when it comes down to it countries like italy had a very poor record of spending large amounts of money. the italian government is potentially about to fall apart over this very issue. do you think the u.s. has a greater capacity, a greater bureaucratic capacity to spend money? do you think the united states has a better capacity than europe? adam: the reality is hidden in the political system. they're hoping for a stable government. what money they get from europe. i 50 answer unfortunately still lives with emmanuel macron and angela merkel's successor. how it gets dispersed in gets viewed. maybe they will hold off. how that will be politically and financially. i think the u.s. will potentially outshine europe. i will come back with two points, even if you are behind here, it is still a better place that is smaller than it would've been with
has the potential to deliver all of this better than europe? this europe versus u.s. comparison at the moment, much was made of europe's hamiltonian moments. the next generation funds and this will be spent on a green revolution. when it comes down to it countries like italy had a very poor record of spending large amounts of money. the italian government is potentially about to fall apart over this very issue. do you think the u.s. has a greater capacity, a greater bureaucratic capacity to...
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Apr 16, 2021
04/21
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that's get an update from here in europe. france is the latest country to record 100,000 deaths due to covid-19, a humbling moment for president macron, who refused to walk -- to lock down the country for a third time before eventually being reports to bring in more restrictions. that's get more from france. what is the current strategy now after this grim milestone for the government? >> france is the third country with the most deaths behind a u.k. and italy in europe. a national lockdown for at least the next two weeks. the situation has not really improved in the hospitals. if you look at people in intensive care units, it is close to 6000 at the moment, and we only have 10,000 beds, it is higher than the peak of the second wave and approaching the peak of the third wave. the situation is not improving. the vaccination rollout is quite slow, only 70% of the french have received -- only 17% of the french have received the shot. the economy could reopen, and two thirds of the french people do not trust president macron and
that's get an update from here in europe. france is the latest country to record 100,000 deaths due to covid-19, a humbling moment for president macron, who refused to walk -- to lock down the country for a third time before eventually being reports to bring in more restrictions. that's get more from france. what is the current strategy now after this grim milestone for the government? >> france is the third country with the most deaths behind a u.k. and italy in europe. a national...
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Feb 10, 2021
02/21
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than there is in europe. there has always been the skepticism around what europe can only do on the fiscal side versus what the u.s. can do. covid trends, we were really expecting heading into this year in europe. all of those together create more optimism around the recovery in the u.s. then we have had in europe. the sad thing i would say is that in europe, there is -- investors are stuck and there is no inflation mindset. we have seen this commodity upswing. even in europe, we have not seen nominal rates captured as much in europe as we have in other currencies. guy: christine lagarde was saying we are a long way away from having to worry about inflation in europe. how long do you think it is? is there anything in the forecast horizon that suggests the ecb is going to get anywhere close to 50%? imogen: i think we have a more bullish outlook on inflation through this year. we think inflation could get to 1.5% by the end of this year. over a reasonable forecast horizon, i think we are talking about a reducti
than there is in europe. there has always been the skepticism around what europe can only do on the fiscal side versus what the u.s. can do. covid trends, we were really expecting heading into this year in europe. all of those together create more optimism around the recovery in the u.s. then we have had in europe. the sad thing i would say is that in europe, there is -- investors are stuck and there is no inflation mindset. we have seen this commodity upswing. even in europe, we have not seen...
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Jan 7, 2021
01/21
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this is "bloomberg daybreak: europe." we want to get to our next guest. morning to you. just to recap what we had yesterday, the international reaction was very swift. the u.k. prime minister boris johnson saying the scenes he saw out of d.c. were disgraceful. germany, you from wrote a note in december saying back to constructive cooperation with the biden administration. how much harder does what we saw unfold in d.c. make the incoming administration's foreign policy deals? the pandemic made it worse, europeans were certainly reinforced with the stereotypes about polarization and economic inequality and racism in the united states. these pictures coming out of shotngton have certainly europeans, but also americans. i have many friends on capitol hill, both republicans and democrats. they are incensed about what is going on, and we see the fragility of our democracy. i think on one hand it will be hard for biden with his idea of having a summit of democracy. on the other hand, it also shows america is in a powerful positi
this is "bloomberg daybreak: europe." we want to get to our next guest. morning to you. just to recap what we had yesterday, the international reaction was very swift. the u.k. prime minister boris johnson saying the scenes he saw out of d.c. were disgraceful. germany, you from wrote a note in december saying back to constructive cooperation with the biden administration. how much harder does what we saw unfold in d.c. make the incoming administration's foreign policy deals? the...
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Feb 22, 2021
02/21
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this is "daybreak: europe." bonds selloff, cautious optimism for recovery but global equities trade lower. a study shows the pfizer vaccine reduces the spread of covid-19. brent crude resumes gains as the market reassesses fallout from texas is big freeze. he will hear from the ceo of vestas on the picture for renewables. a lot to get through this monday morning, but we have to start with what is going on, potentially this recalibration in the bond market. martin malone talking about 3% this year after we heard from economists, professor stiglitz, krugman, larry summers. summers is saying the fed is not prepared, not recognizing the era we are headed into. good morning. manus: absolutely. good to be together again. when you look at what summers goes on to say, he said to the fed will be well under to raising rates in 2022. go back and listen. if you want to understand fed policy from the 1950's, even i wasn't around to talk about it. annmarie: you are the resident historian. manus: but you are right, he is calli
this is "daybreak: europe." bonds selloff, cautious optimism for recovery but global equities trade lower. a study shows the pfizer vaccine reduces the spread of covid-19. brent crude resumes gains as the market reassesses fallout from texas is big freeze. he will hear from the ceo of vestas on the picture for renewables. a lot to get through this monday morning, but we have to start with what is going on, potentially this recalibration in the bond market. martin malone talking about...
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Jul 21, 2021
07/21
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msci europe. a disproportionate amount of interest is being taken in the u.k. the private equity take out in the u.k. running at the financial crisis. it comes back -- running at the highest level since the financial crisis. if the public markets don't value private equity assets properly, the private equity market will. anna: roger lee. coming up, netflix suffers a slow down after lockdowns sent memberships soaring in 2020. the streaming giant promises that is still room to grow. that story coming up next. this is bloomberg. ♪ ♪ ♪ anna: welcome back to the european market open. 22 minutes into wednesday's trading session. european equity markets, we were down on monday, up yesterday, up this morning. let's get to the earnings story, but the u.s. earnings story. netflix earnings were a mixed picture last night. subscribers topped analyst estimates, but it's forecast disappointed with 3.5 million new subscribers projected in the third quarter, short of the nearly 6 million wall street had exp
msci europe. a disproportionate amount of interest is being taken in the u.k. the private equity take out in the u.k. running at the financial crisis. it comes back -- running at the highest level since the financial crisis. if the public markets don't value private equity assets properly, the private equity market will. anna: roger lee. coming up, netflix suffers a slow down after lockdowns sent memberships soaring in 2020. the streaming giant promises that is still room to grow. that story...
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Aug 13, 2021
08/21
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what we see for europe is not just good for europe and italy and greece, but it is also good for the markets. guy: is this industry better positioned after the pandemic then it was before the pandemic? >> i think what we are seeing across the many industries is the investment in the multichannel, c had a real pickup in e-commerce, and we are seeing it here in this sector. the fact that they are transitioning away from going into the store and buying at their and she being able to get the same experience online, that expands the market. they don't just have to have people buying things that are close to the store. they can expand it to other geographies. i think that is good for the sector. kailey: what else do you want to be buying? >> i like airbus, and obviously from a competition perspective you are looking at -- boeing is on the back foot at the moment. you've seen airbus increase. obviously the delta. it is a bit of a concern, but as we like at a longer-term basis, and that is how you have to invest, you have to look forward, we are positive on airbus. guy: in terms of the chall
what we see for europe is not just good for europe and italy and greece, but it is also good for the markets. guy: is this industry better positioned after the pandemic then it was before the pandemic? >> i think what we are seeing across the many industries is the investment in the multichannel, c had a real pickup in e-commerce, and we are seeing it here in this sector. the fact that they are transitioning away from going into the store and buying at their and she being able to get the...
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Jan 13, 2021
01/21
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coming up, etf iq europe. ♪ etf iq europe. ♪ francine: welcome to etf iq europe. everything you need to know about the funds and the flows. best month on record. european etf's take it 21 billion euros total, close to the 100 billion mark. we ask if investors can keep up the pace in 2021. demanding diversity, fate state becomes the latest money managers use voting power to make company boards more representative. and -- first off, let's get a look at which countries and sectors have been attracting the money. dani has all of the details. dani: hi, francine.
coming up, etf iq europe. ♪ etf iq europe. ♪ francine: welcome to etf iq europe. everything you need to know about the funds and the flows. best month on record. european etf's take it 21 billion euros total, close to the 100 billion mark. we ask if investors can keep up the pace in 2021. demanding diversity, fate state becomes the latest money managers use voting power to make company boards more representative. and -- first off, let's get a look at which countries and sectors have been...
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Dec 23, 2021
12/21
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let's switch gears to europe. gas prices retreated, remaining close to record high seen on tuesday as russia keeps shipment in europe tapped. they are expected to end the heating segment at low level, extending this year's energy crunch. still with us is slivia merler. sylvia, how much of a threat is this energy crisis to the european economy? >> i think it is a very significant threat. the position is very encouraging going into 2022. as we are at the moment for this time of year, the lowest level seen in five years. increased demand in the first part of the year. the situation with russia contributing to this, as well. the bottom line is if we are getting into winter that might be colder than usual, it might wind up less. you might end up scraping the bottom of the barrel. dani: what do spillover effects look like, especially in the energy intensive industry? not just them, but consumers, as well? >> we are looking at very high prices. if that's an area to materialize, it would be very low, even negative. we wou
let's switch gears to europe. gas prices retreated, remaining close to record high seen on tuesday as russia keeps shipment in europe tapped. they are expected to end the heating segment at low level, extending this year's energy crunch. still with us is slivia merler. sylvia, how much of a threat is this energy crisis to the european economy? >> i think it is a very significant threat. the position is very encouraging going into 2022. as we are at the moment for this time of year, the...
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Sep 1, 2021
09/21
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europe bonds declined. opec-plus meets, delegates expect the group to stick to planned output hikes as they see global oil markets tightening later this year. president biden defends his withdrawal from afghanistan, saying it saved american lives. welcome to wednesday, 7:00 here in london. what are the market saying? mark: i do not know if it is the change of the calendar month, the there seems to be bearish fatigue in asia. over the past month people were upset about the slowdown in growth and the chinese crackdowns, but the delta variant in asia. suddenly the narrative has changed. we knew this would happen come september when we got beyond jackson hole. without any real catalyst, people see the time to get back in or buy, they are still debating it but the narrative seems to be turning more positive at the margins without any real major driver. anna: the first of september, that is all it takes it seems. you can see for europe it has picked up with enthusiasm, the turn in sentiment you reference. futures
europe bonds declined. opec-plus meets, delegates expect the group to stick to planned output hikes as they see global oil markets tightening later this year. president biden defends his withdrawal from afghanistan, saying it saved american lives. welcome to wednesday, 7:00 here in london. what are the market saying? mark: i do not know if it is the change of the calendar month, the there seems to be bearish fatigue in asia. over the past month people were upset about the slowdown in growth and...
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Jan 21, 2021
01/21
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anna: how important will europe's decisions on china be? we heard yesterday from ursula von der leyen. in response to a question about the u.s. versus china, she said we sit with the united states, we sit with democracy. do you think europe gets to avoid having to choose between the two? marta: i mean, public opinion is. certainly so there was an interesting poll published where you see that the vast majority of the european population think that we need to remain neutral in front of this sort of cold war between the u.s. and china. this will be impossible and i think it is not the right choice to do. the fact is that europe and the u.s. tend to look at china in different ways. for the u.s., they have a role in the asia-pacific. we have to narrow these differences. matt: what do you think about the u.s. working with the eu versus the u.s. working with the u.k.? as you point out, brussels has become a much larger economic actor than london. marta: i think of that the new -- will have a very important role. tech, big tech, taxation, regulatio
anna: how important will europe's decisions on china be? we heard yesterday from ursula von der leyen. in response to a question about the u.s. versus china, she said we sit with the united states, we sit with democracy. do you think europe gets to avoid having to choose between the two? marta: i mean, public opinion is. certainly so there was an interesting poll published where you see that the vast majority of the european population think that we need to remain neutral in front of this sort...
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Nov 19, 2021
11/21
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next, "bloomberg europe." -- bloomberg markets europe. ♪ this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities. ♪ anna: good morning. welcome to "bloomberg markets: europe." mark cudmore, our markets live managing editor, joins us from singapore to take us through all of the market action this hour. here are your top headlines. german covid cases hit a new high. the government announces no restrictions for the unvaccinated. powell or reynard -- brainard? joe
next, "bloomberg europe." -- bloomberg markets europe. ♪ this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of...
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Oct 21, 2021
10/21
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francine: perhaps --erik: perhaps europe moment has indeed -- europe's moment has indeed come. thank you for joining me. that is anne dias, ceo of aragon global management. i'm erik schatzker. this is bloomberg. ♪ john: it is time for the bloomberg business. i'm john hyland. pent-up demand for the first u.s. bitcoin exchange traded fund has driven assets in the investment vehicle to more than $1.1 billion in just two days. the proshares bitcoin strategy etf ended wednesday with $1.1 billion under management, according to a press release. data shows that it the quickest and etf has reached the $1 billion mark. oil dropped amid a broad-based intrigue -- broad-based retreat in global commodities. the structure of the u.s. crude market was soaring as stock aisles continue to drain at the hub in cushing, oklahoma. there had been talk of global oil hitting $100 a barrel. that is the bloomberg business flash. alix: thanks so much. and speaking of commodities, today is "commodities edge" day. we will talk about the oil market. so, i will talk to mark mcguire about the company's new d
francine: perhaps --erik: perhaps europe moment has indeed -- europe's moment has indeed come. thank you for joining me. that is anne dias, ceo of aragon global management. i'm erik schatzker. this is bloomberg. ♪ john: it is time for the bloomberg business. i'm john hyland. pent-up demand for the first u.s. bitcoin exchange traded fund has driven assets in the investment vehicle to more than $1.1 billion in just two days. the proshares bitcoin strategy etf ended wednesday with $1.1 billion...
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Mar 10, 2021
03/21
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we have been focusing on europe as a bounce back story. it has been weaker through the first couple of months of this year, so again, it is benefiting from rising bond yields, stronger global growth, but if the euro does depreciate, that removes one of the risks in terms of the earnings. so we are quite enthusiastic about how european equities can perform relative to global peers over the next three to six months. alix: good stuff. really appreciate it. graham secker, morgan stanley european equity strategist, thanks for joining us. this is bloomberg. ♪ omberg. ♪ alix: ge agreeing to sell its air leasing business to aircap for a deal worth $30 billion. joining us with more is bloomberg's benedikt kammel. benedikt: the ceo of aircap probably sees a way the industry will recover here, and that potentially is at play, so there is some movement in the stock, but longer term if you look at the way he looks at it over 10 or 20 years, he sees a recovery and saw an opportunity to buy this asset, and that is why he went in. he's known for makin
we have been focusing on europe as a bounce back story. it has been weaker through the first couple of months of this year, so again, it is benefiting from rising bond yields, stronger global growth, but if the euro does depreciate, that removes one of the risks in terms of the earnings. so we are quite enthusiastic about how european equities can perform relative to global peers over the next three to six months. alix: good stuff. really appreciate it. graham secker, morgan stanley european...
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Aug 13, 2021
08/21
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this is "bloomberg daybreak: europe." elon musk has touched down in berlin this morning to meet -- this morning. -- transforming germany's auto industry is a key concern for september's important national election as europe's biggest economy tries to modernize one of its key sectors. let's get more from maria tadeo, who is outside that tesla factory. what is the significance of elon musk's visit today? maria: good morning, tom. we are outside of the tesla berlin-brandenburg site, which you can see is under construction. i have to say, it is 7:00 a.m. in the morning here and there has been a constant flow of activity here. you see a lot of trucks in and out and a construction that does seem to be working in operational full-time. we are expecting that message from elon musk. he said that this will be tesla's most advanced but also high-volume site making electric vehicles. this is a site that has been problematic for the company. there has been a number of delays in terms of the opening of the production site. we know that
this is "bloomberg daybreak: europe." elon musk has touched down in berlin this morning to meet -- this morning. -- transforming germany's auto industry is a key concern for september's important national election as europe's biggest economy tries to modernize one of its key sectors. let's get more from maria tadeo, who is outside that tesla factory. what is the significance of elon musk's visit today? maria: good morning, tom. we are outside of the tesla berlin-brandenburg site,...
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Jun 4, 2021
06/21
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only 3 million in europe. wage growth will be slower as a consequence in europe. it's different choices. the benefits, we see the benefits and the longer term on this. anna: let me compare across the atlantic, the fiscal impulse. it takes different forms. it's easy to follow the u.s. story when it comes to big numbers. whether it's around infrastructure or before that, support for the individuals in the u.s. labor market. the european story is different. because of the safety net that preexisted. how would you assess the size and scope of the fiscal impulse in the u.s. versus europe? dr. broyer: it's a bit difficult to do a direct comparison. i was just looking at the numbers, the amount of money on the table. as you said, europe does not need to bring as much money as the u.s. on the table because of the automatic stabilizing in european governments. the u.s. plan seems to be bigger, more frontloaded. it's a 10 year plan. partly financed by tax. you don't need automatically to give consumers extra money in europe because we have general social insulation schemes
only 3 million in europe. wage growth will be slower as a consequence in europe. it's different choices. the benefits, we see the benefits and the longer term on this. anna: let me compare across the atlantic, the fiscal impulse. it takes different forms. it's easy to follow the u.s. story when it comes to big numbers. whether it's around infrastructure or before that, support for the individuals in the u.s. labor market. the european story is different. because of the safety net that...
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Sep 6, 2021
09/21
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renault le maire saying europe has to fix -- bruno le maire saying europe has to fix that. the dax undergoing a big revamp, the biggest since the 1980's. the industrial heavy dax getting a little bit more blood. the online fashion retailers, hello fresh, and 10 companies all joining the index. what does it mean for traders? he is in frankfurt. how significant are the changes? >> pretty significant. the biggest since the dax was introduced in the late 1980's. this all started a year ago when the company collapsed while being in the index. he decided to make a couple of changes, with new measures for companies to post a profit before they can join. the final step was they added two new members and among them are a couple of both stocks. the index gets a little bit new dna and a fresh taste. tom: what is the impact likely to be on the companies that are joining? >> i would not overestimate it but it is good to be in the big index with all the money we are seeing flowing into etf's and institutional money. a little bit more visibility and investments and it's always nice if you
renault le maire saying europe has to fix -- bruno le maire saying europe has to fix that. the dax undergoing a big revamp, the biggest since the 1980's. the industrial heavy dax getting a little bit more blood. the online fashion retailers, hello fresh, and 10 companies all joining the index. what does it mean for traders? he is in frankfurt. how significant are the changes? >> pretty significant. the biggest since the dax was introduced in the late 1980's. this all started a year ago...
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Jan 15, 2021
01/21
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if they can, the amount of value in europe means europe could do very, very well. but as long as it gets reopening as quickly as possible. francine: again with the win with a wonderful chart. if we have that chart up for you -- you can always look at them, by the way. go on bloomberg terminal if you are a bloomberg customer. that's the number i have for this one. we're all glued to euro, whether euro-dollar or the euro index or even eurosterling. is there a worry with euro the ecb struggles to put a cap on euro level? seema: yeah, traditionally we've seen whenever it starts to get stronger, the ecb makes interventions, a few uncomfortable noises, enough to prompt investors to turn away. this year, there's so much expectation for dollar weakness that maybe if that doesn't pan out, it puts additional pressure and the ecb will struggle. you're already getting to the point where it's building up and maybe the ecb won't do anything. francine: are you invested in italy and the political chaos, and will hurt the recovery plan or the long-term sustainability of italian deb
if they can, the amount of value in europe means europe could do very, very well. but as long as it gets reopening as quickly as possible. francine: again with the win with a wonderful chart. if we have that chart up for you -- you can always look at them, by the way. go on bloomberg terminal if you are a bloomberg customer. that's the number i have for this one. we're all glued to euro, whether euro-dollar or the euro index or even eurosterling. is there a worry with euro the ecb struggles to...
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Apr 14, 2021
04/21
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who is doing best within europe? what is the best practices europe has learned? scott: i think, in terms of skepticism, we are seeing a lot of skepticism from france. at the same time, we are seeing a lot of improved vaccine rollouts from germany. i think those are the two big countries we are looking at. overall, i do believe the general trend is the bombs and the roads get addressed -- bumps in the road get addressed, and the big question is uptake. in france, that is certainly the biggest negative -- a lot of the polling on vaccine skepticism is concerning, and that is not just for astrazeneca and johnson & johnson. i think there is an issue where you have these very rare issues, in some vaccines, where it does spill off into the general population, the general willingness to get any of the vaccines, and that is something we will have to watch. i'm not sure where it will land but it will be a big question. even in the u.s., where we will see demand start to slip and it will be a challenge getting -- pushing close to the 60% or 70% of the population vaccination
who is doing best within europe? what is the best practices europe has learned? scott: i think, in terms of skepticism, we are seeing a lot of skepticism from france. at the same time, we are seeing a lot of improved vaccine rollouts from germany. i think those are the two big countries we are looking at. overall, i do believe the general trend is the bombs and the roads get addressed -- bumps in the road get addressed, and the big question is uptake. in france, that is certainly the biggest...
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Apr 9, 2021
04/21
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this is daybreak: europe. stocks trade near record levels as dovish comments from jay powell boosts sentiment. u.s. vaccination drives pickup pace. 20 million doses of astrazeneca. and hedge funds family offices amid the archegos blow. happy friday. the s&p 500 pushing above the 4000 level. that is our mliv conversation of the day. how far can this stock rally go? look across some of the asia-pacific indices. chinese equities down. there were two inflation beats out of china having a negative impact on trade. we are going to have a weekly drop when you look at the oil market. the saudi oil minister saying we could be nimble with supply. and we do have the u.s. 10-year gilts at 1.6%. we have a resumption of issuance starting next week. the biggest drive for where rates will go is the fed which yesterday maintained its commitment to a dovish policy stance. dovish tone continued from jay powell. he played down the risk of inflation and pledged to get the u.s. back to a great economy. he also invoked a homeless en
this is daybreak: europe. stocks trade near record levels as dovish comments from jay powell boosts sentiment. u.s. vaccination drives pickup pace. 20 million doses of astrazeneca. and hedge funds family offices amid the archegos blow. happy friday. the s&p 500 pushing above the 4000 level. that is our mliv conversation of the day. how far can this stock rally go? look across some of the asia-pacific indices. chinese equities down. there were two inflation beats out of china having a...
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May 12, 2021
05/21
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this is daybreak: europe. investors await crucial u.s. cpi data. commerzbank boosts its 2021 revenue forecast. net income topped estimates. the international community calls for calm as israel and hamas escalate deadly strikes. good morning to you. 6:30 a.m. in london, 90 minutes from the start of equity trading. it is a risk off day. asia is taking the cue from the closeout of the united states yesterday. msci i asia-pacific down more than 1%, on course to wipe out all the gains it has made in 2021. across assets this morning, 10-year treasury yield's 1.62%. -- 10-year treasury yield, 1.62%. you can see the debate happening out loud across financial networks, but also in the market, whether you see people are buying. is this going to be transitory or something more prolonged? nymex crude, 65 bucks, $.37. florida another state declaring a state of emergency as they see a potential people crisis hitting their state. the pound this morning, 1.41. in 30 minutes, u.k. gdp data. the week's biggest data comes today.
this is daybreak: europe. investors await crucial u.s. cpi data. commerzbank boosts its 2021 revenue forecast. net income topped estimates. the international community calls for calm as israel and hamas escalate deadly strikes. good morning to you. 6:30 a.m. in london, 90 minutes from the start of equity trading. it is a risk off day. asia is taking the cue from the closeout of the united states yesterday. msci i asia-pacific down more than 1%, on course to wipe out all the gains it has made in...
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Nov 19, 2021
11/21
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>> the countdown is on in europe this is -- is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: what do you need to know about the market action we are seeing in europe? negative is the main story. you see red across the main european continent. the driver of this is what is happening in place is like austria and germany. the austrian index down by 3.2%. germany down by 0.5%. austria is the epicenter of the action right now, as we see a lockdown being imposed there, and talks that germany could follow. the ibex down by 1.8%. the u.k. down by about 0.5%. broadly, the stoxx 600, after peaking midweek, looks like it is going to have a negative close on the week. it is going to be a really tight call. we will check in 30 minutes as we get it to the close. alix: volume pretty solid in europe, as well as in the u.s. a negative day for some equity market. s&p energies off free .5%. exxon having a huge gap down as you have oil really falling out of bed. part of that is definitely lockdowns in europe.
>> the countdown is on in europe this is -- is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: what do you need to know about the market action we are seeing in europe? negative is the main story. you see red across the main european continent. the driver of this is what is happening in place is like austria and germany. the austrian index down by 3.2%. germany down by 0.5%. austria is the epicenter of the action right now, as...
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Jul 30, 2021
07/21
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what about in europe? is there any movement from governments in europe and aiding vaccines for federal workers? naomi: europe is never monolithic. there are different discussions in different places. in greece, there have been some mandates that have not happened here in germany, where i am. i think that politicians generally speaking are starting to warm to the idea of nudging people towards vaccination a little more strongly. it is also worth noting that after a slow start due to lack of supply, europe has actually caught up to the u.s. in terms of first doses of vaccine. alix: 100%, while we are really hitting a wall in the u.s. thank you very much for joining us, bloomberg's naomi kresge. coming up, let's take a look at how this all impacts the market. it is a very busy week of earnings in europe. a lot of the regions big banks -- the region's big banks. this is bloomberg. ♪ >> if you look in the second quarter, you will see volumes going up. you should look everywhere in europe as well. look at fran
what about in europe? is there any movement from governments in europe and aiding vaccines for federal workers? naomi: europe is never monolithic. there are different discussions in different places. in greece, there have been some mandates that have not happened here in germany, where i am. i think that politicians generally speaking are starting to warm to the idea of nudging people towards vaccination a little more strongly. it is also worth noting that after a slow start due to lack of...
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Nov 25, 2021
11/21
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europe. it seems the positivity around the u.s. data picture and european earnings is overcoming our fears this morning. we are think the for the u.s. data -- thankful for the u.s. data. here in europe, we have had better earnings coming through. the euro is probably a dollar negative story, the dollar down after four days of strength. we do not have treasury markets open today, so we will see what happens when they reopen. i have put in here the hungarian currency. we have south korea hiking rates overnight. we have the hungarians increasing interest rates more than expected for the third time in two weeks, and underlying illustration of what kind of move we are seeing in terms of central banks' interest rates. it is taking other emerging markets in europe with it as well. let's take a look at the day ahead, plenty to talk about this morning. we have a few items on the agenda to keep in mind despite it being thanksgiving. the ecb legal conference begins. the ecb president is due to speak at
europe. it seems the positivity around the u.s. data picture and european earnings is overcoming our fears this morning. we are think the for the u.s. data -- thankful for the u.s. data. here in europe, we have had better earnings coming through. the euro is probably a dollar negative story, the dollar down after four days of strength. we do not have treasury markets open today, so we will see what happens when they reopen. i have put in here the hungarian currency. we have south korea hiking...
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Dec 6, 2021
12/21
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this is "bloomberg daybreak: europe." treasury yields trim friday's plans with focus on a fed and a hawkish pivot. futures said he as investors weigh risks of the omicron variant. u.k. tightens travel rules, forcing inbound travelers to get the fright -- pre-flight test. plus, we'll gains after saudi hikes prices. they have confidence in demand despite the resurgent pandemic. good morning to you, manus, back together and at least for now, rockets taking solace -- markets taking solace and calmer than the past week. i have to wonder how long it will last given there is evidence that bit buyers might have disappointing -- disappeared. a lot of retail favorites, be it bitcoin and etf, those have seen significant outflows and have fallen. can we keep relying in the -- on the buy the dip strategy? manus: you are showing the arc, you've got tesla, teladoc health. when we looked at it going over the weekend, slammed over 20%, i was taking about how is tesla going to do today? we know a lot of it is crypto exposure, we don't have
this is "bloomberg daybreak: europe." treasury yields trim friday's plans with focus on a fed and a hawkish pivot. futures said he as investors weigh risks of the omicron variant. u.k. tightens travel rules, forcing inbound travelers to get the fright -- pre-flight test. plus, we'll gains after saudi hikes prices. they have confidence in demand despite the resurgent pandemic. good morning to you, manus, back together and at least for now, rockets taking solace -- markets taking solace...
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Jan 15, 2021
01/21
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that is a big deal for europe. the commission is meant to handle this, to deliver vaccines to the nations around the european union. it is failing. how significant is this? >> i think it is usually significant. there is a lot of anger in main street, where people are really fed up. they don't know why they have not been vaccinated yet. there is a lot of confusion, and blame game ongoing. is it the commission, is it the member states that did not provide enough money? seeing at the national level or regional level that are messing up? things are not going as well as they should come and you can look at the statistics and see that the u.s. and the u.k. are not ahead, let alone israel. but really, people are wondering what is going on here. we are supposed to be a developed, well advanced economy and political system, and britain is ahead. it is it because for the european institution. alix: particularly germany, if any company -- if any country was going to get it right, it would be germany. how is the issue looming
that is a big deal for europe. the commission is meant to handle this, to deliver vaccines to the nations around the european union. it is failing. how significant is this? >> i think it is usually significant. there is a lot of anger in main street, where people are really fed up. they don't know why they have not been vaccinated yet. there is a lot of confusion, and blame game ongoing. is it the commission, is it the member states that did not provide enough money? seeing at the...
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9.0
Mar 4, 2021
03/21
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what you need to know ahead of europe. starting to rise again across europe. the variant is spreading across the continent. hungary will shut primary shops for a couple weeks. italy, milan is facing a hard lockdown. the german finance minister telling bloomberg berlin will need to sell extra debt. this follows reports this month's budget can see an extra $50 billion in debt spending. in a boost to london's delivery plan, with a reported $10 billion valuation the ipo will take advantage of plans announced yesterday to reform listing rules to allow share structures in the u.k. a quick look at markets which have started to recover stateside. off our lows in europe. a lot of mining stocks have gone today. oil are gaining traction. we have a bit on the bond market. oil stocks over the last 10 minutes have really added to the upside in european markets. alix: breaking news concerning opec. opec-plus agreed to keep oil output unchanged in april. this is the most bullish outcome you could ask for in this meeting. saudi arabia will keep off one million barrels a day of
what you need to know ahead of europe. starting to rise again across europe. the variant is spreading across the continent. hungary will shut primary shops for a couple weeks. italy, milan is facing a hard lockdown. the german finance minister telling bloomberg berlin will need to sell extra debt. this follows reports this month's budget can see an extra $50 billion in debt spending. in a boost to london's delivery plan, with a reported $10 billion valuation the ipo will take advantage of plans...
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9.0
Mar 11, 2021
03/21
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business sector of importing and exporting to and from europe and the counterparties in europe are seeing the same thing. trading activity largely now doesn't take place. it is a permanent loss. i would like to think in a future time the u.k. will see sense and rejoin the euro zone. lisa: in the meantime, sticking with the idea that we are in a covid era, particularly in the eu, which has been slow to vaccinate, there is a question whether the ecb is bringing an eyedropper to a flood, trying to maneuver a bond market where the eu talks about delays to the vaccine rollout. the eu warning the government about the risk of further astrazeneca vaccine delays. how much does this affect your long-term outlook for the region s growth prospects and how is it changing in real time -- region's growth prospects and how is it changing in real time? ian: the longer you are in the covid hole, the longer term scarring on productivity growth. what matters long-term is productivity growth. the longer the fiscal response is on the smaller side of where it should be, and the monetary response, and i would li
business sector of importing and exporting to and from europe and the counterparties in europe are seeing the same thing. trading activity largely now doesn't take place. it is a permanent loss. i would like to think in a future time the u.k. will see sense and rejoin the euro zone. lisa: in the meantime, sticking with the idea that we are in a covid era, particularly in the eu, which has been slow to vaccinate, there is a question whether the ecb is bringing an eyedropper to a flood, trying to...
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4.0
Apr 7, 2021
04/21
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and in europe. mark: that come tradition between yield forecasts and were equity markets are pricing, i hear you. are investors pricing in the idea that with higher inflation, we will still see slightly negative or yields? as long as inflation doesn't run away, it will justify higher equity prices. does that middle path work for you or is it not viable? henrik: i'm actually pretty bullish on things for the rest of the year. during every year, there's a time when risk sentiment sours. that will happen this year as well. the trick is forecasting when that's going to be. the risk that people are keeping an ion is losing control of inflation. we are not that worried about that. we think that central banks are going to tolerate an elevated level of inflation for some time before they start tightening. the downside will really come once tapering hits the market, similar to the taper tantrum of a few years ago. central banks are still perceived to be such an important factor in the valuations of all financ
and in europe. mark: that come tradition between yield forecasts and were equity markets are pricing, i hear you. are investors pricing in the idea that with higher inflation, we will still see slightly negative or yields? as long as inflation doesn't run away, it will justify higher equity prices. does that middle path work for you or is it not viable? henrik: i'm actually pretty bullish on things for the rest of the year. during every year, there's a time when risk sentiment sours. that will...
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10.0
Jan 26, 2021
01/21
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win -- help europe win. guy: we are starting to get into quite difficult territory here. bring us up to speed with what is really going on here. maria: what the europeans say is that they don't fully believe the explanations that astrazeneca has put on the table. just to give some context here, this is all starting from the bombshell that was dropped last week, in which astrazeneca, according to reports, told europeans they would cut the livery as -- cut deliveries as they had a production glitch. they had paid money upfront to avoid the situation, and they want to know exact a where their money is going to. the concern, and this goes both ways, is that the europeans are worried that the money they pay the company is going somewhere else, that this money is being used to priest vaccine stepper health -- vaccines that perhaps are going to other countries. that is why they want to know how many are in europe, how many are being produced in europe, and where they are going, and who is buying them. alix: as if t
win -- help europe win. guy: we are starting to get into quite difficult territory here. bring us up to speed with what is really going on here. maria: what the europeans say is that they don't fully believe the explanations that astrazeneca has put on the table. just to give some context here, this is all starting from the bombshell that was dropped last week, in which astrazeneca, according to reports, told europeans they would cut the livery as -- cut deliveries as they had a production...
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2.0
May 20, 2021
05/21
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finally, europe is catching up. >> to be on the growth side, europe will play catch up. >> europe was lagging in the first quarter, but is catching up. >> you get that really big boom in growth still to come. >> that european recovery has exhilarated. >> it was really strong, really powerful. >> we are trying to push that hawkish narrative. >> the question is, how much of that has already been priced in, even though you've had quite a nice run? there is still more potential in the medium-term. >> we are talking about early days here in terms of the upside that we see for europe. >> i still think equities in europe look attractive. i think that is a market where evaluations are still cheap. >> europe is cheap. it is cyclical, it is value. europe has been one of the best places to be in the world in terms of equity markets. guy: did you get the message? europe is starting to pick up a little bit [laughter] seema shah of printable global investors is joining us -- of principal global investors is joining us. are you still cautious on europe? seema: how can i go against such resounding po
finally, europe is catching up. >> to be on the growth side, europe will play catch up. >> europe was lagging in the first quarter, but is catching up. >> you get that really big boom in growth still to come. >> that european recovery has exhilarated. >> it was really strong, really powerful. >> we are trying to push that hawkish narrative. >> the question is, how much of that has already been priced in, even though you've had quite a nice run? there is...
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3.0
Jun 22, 2021
06/21
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nice to have europe on the front foot. sharon bell, goldman sachs senior research strategist, joining us. i want to talk about catherine mann in just a moment. philip lane, chief economist at the ecb, talking about the fact that it is difficult to have inflation, and mr. sounding and mester -- and mester sounding very dovish. alix: you had the hawks front and center yesterday. then powell doubled down in his statement. we had an interview with williams yesterday, and now mester is floating the more dovish side. it feels like we are getting there. we are not there yet. it is too early. that is now the theme out of the fed. guy: the other piece of breaking news from a central-bank point of view is that we were trying to work out why did catherine mann leave citi. i think we all kind of got blindsided by that, so fascinating to talk to her about what she saw in the global economy. alix: love her. guy: amazing big picture view of what was happening, and then we get the news from the u.k. that she is going to be joining the mpc
nice to have europe on the front foot. sharon bell, goldman sachs senior research strategist, joining us. i want to talk about catherine mann in just a moment. philip lane, chief economist at the ecb, talking about the fact that it is difficult to have inflation, and mr. sounding and mester -- and mester sounding very dovish. alix: you had the hawks front and center yesterday. then powell doubled down in his statement. we had an interview with williams yesterday, and now mester is floating the...