and there are over 20 exercises to choose from. get gym results at home. no expensive machines, no expensive memberships. go to aerotrainer.com to get yours now. manus: good morning from dubai. monday morning, it is annmarie hordern in london hq. we have your top stories for the agenda. how treasury yields temper optimism over the pandemic relief plan. it passes the senate and heads back to the house this week. brent jumps above $70 a barrel after an attack on a key saudi oil side.

i ran back fighters in yemen claim responsibility and it is international women's day and we have a lineup of interviews, leading female political and business figures today including the president of moldova during this hour. important covid relief bill and it includes round three of stimulus payments, $1400 for each individual, vaccine testing programs, $360 billion in aid for state and local territorial cover mints. i'm exhausted saying it. annmarie: it is huge, full of stimulus and eight. extended supplemental unemployment benefits scheduled to run out march 14. it was crucial for the democrats and $25 billion to help restaurants struggling from the lockdowns and closures. $25 billion for revenue

operators. the plan, also calling for $170 billion to help schools open. today in the u.k., you will be taking your kids to school for the first time in a while. the bill has to go back to the house before president biden has an opportunity to sign it. >> it obviously wasn't easy. it wasn't always pretty, but it was so desperately needed, urgently needed. everything in this package is designed to relieve the suffering and meet the most urgent needs of the nation and put us in a better position to prevail. annmarie: monday morning, let's look at where we trade. a mixed picture across the futures market. in europe, firmly in the green but the u.s., we are softer. most notably the nasdaq 100 futures, up .9%. the tech darlings that did well in the pandemic, we've seen a bit of selling. 10-year treasury yield, 1.5

percent, though we tested 1.6 during asia trading. after the jobs data, rising yields attracting bid into the dollar this morning although relatively flat on the index. brent crude, up more than 2%. you've been all over this, north of $70 as one of the most protected oil facilities came under attack yesterday. more on that in about 10 minutes' time. manus: that is the state of play on the markets. a taperless tantrum and bulldozer dollar. let's get the details around this bill because the devil is in the details. michelle jamrisco joins us. almost $2 million -- $2 trillion of stimulus on the way to his desk. what is the most important part of this legislation? what are the big targets for the aide? michelle: one highlight to avoid

a cliff effect is the extension of unemployment benefits set to expire march 14. those were extended to september 6 and compromised with republicans worried about putting too much aid and too long a deadline on that. they include benefits for the self-employed and gig economy workers. a cliff was averted, eviction moratorium extended. otherwise, the debated stimulus checks are another target. this is the third round of payments to households and this time, individuals get $1400 each. full health external -- health insurance is extended to september for laid-off workers, childcare gets a new stabilization fund to open up childcare centers as well as $15 billion in grants to support essential workers to meet their childcare costs. airlines and small businesses, also targeted for aid, state and local aid and directly to the

economies reopening, $170 billion earmarked to help schools reopen and $160 billion for vaccines and testing, a vaccine distribution program would offer free shots to all u.s. residents regardless of immigration status. annmarie: it is a huge package. second biggest fiscal package in the united states. what are you looking at from here to gauge how this is actually aiding the recovery? how do we know whether this $1.9 trillion stimulus actually worked? michelle: that's right, and a huge package that wasn't trimmed by very much. it came across on a partyline vote, so that says something about the debate about whether it might overheat the economy later in the year as some fear. we've seen from bond vigilantes, not convinced jay powell and the fed can keep price growth benign. the oil narrative, as well. this comes after ray to trillion

dollar -- 2 trillion dollar package. you saw an effort from the administration to trim the amount of people who would receive stimulus checks, but this remains a huge package and policymakers maintain the focus should be more on employment growth and the inflation that she and others see as benign at this point i'm staying so. also worth noting, how do we measure the success of this package? friday's job report was a nice number, but there are questions around how much those figures by the labor department are underestimating the job market pain so we will be watching those, we will be watching different members -- numbers but we need to do so with caution ahead as the second quarter will be comparing to last year's disastrous second quarter so we could see bad that looks superficially good. all in all, several months of debate around how good the economy actually is, how much is

filtering through from these policies and stimulus package. manus: it is a lovely way that you framed it in that many cliff edges on rent, evictions, health for the gig economy. those edges have been somewhat smooth, but what do you make of the argument we saw last week of putting all the eggs in this round three of stimulus package might dilute the political capital the democrats will have to garner a green stimulus bill of $17 trillion. that's the real jam, isn't it? michelle: it is a reasonable risk. you saw a lot of debate around the size of the checks, who this checks should go to. unemployment benefits, the minimum wage which ended up being taken out of the bill, so there are a lot of partisan fights that went into this and in the end, not a single

republican vote on the senate side so there is that risk that may be some bridges have been burned, but i think the democrats see that as a worth it and they are betting this will be pushed through and popular enough to sustain that good nature and moving forward, if they don't get a single republican vote for the next bill, they could still pass it. in general, there could be a continuance of partisan rancor. not what the president came into office looking for, but that might be the way things go and they might still be able to get some things past on the infrastructure side. annmarie: a good point, not what he campaigned for. he wanted to be the president of bipartisanship. bloomberg's michelle jamrisko. let's get a recap of your first word news with laura wright. laura: china's exports surged in the first few months of the year, reflecting strong demand for manufactured goods. the beginning of the year is usually volatile in china due to the weeklong lunar new year holiday. the figures are even more skewed

this year because of the comparison with early 2020, when factories and businesses were shut due to lockdowns. school students in england are returning to the classroom today in the latest step in the u.k.'s attempt to reopen the economy but partly overshadowed by classes over the pay of health care workers. the government is suggesting an increase of 1% after one of the hardest years ever for doctors and nurses. adding another $20 trillion to global gdp, the answer is to fully empower women. bloomberg economics has estimated the boost the economy over the next three decades is women's education and employment would converge with that of men. in india, the boost to gdp would be above 30%. global news, 24 hours a day on air and on bloomberg quicktake powered by 2700 journalists and analysts in more than 120 countries. this is bloomberg.

manus: thank you, laura wright. we've been talking about it, we've broken the $70 mark on oil. saudi arabia says one of the most protected oil facilities in the world came under missile attack. full details here on "daybreak: europe." this is bloomberg. ♪ want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction...

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>> it is critical now because the g20 initiative, the common framework to deal with debt problems and help countries through this very difficult

process needs different creditors to come together to offer the process of concerted debt relief and organized that reduction. this is a problem if creditors don't trust one another. annmarie: world bank vice president chief economist carmen reinhart speaking with bloomberg's kathleen hays on the debt burden faced by developing nations. it is international women's day and we have a lineup with leading female political and business leaders route the day, including the president of metal the -- moldova later in the show. you don't want to miss that conversation but first, joining us is the head of investment strategy at rbc wealth management and she says "this stimulus plan may be too large

given u.s. economies expanding enthusiastically over 2021, vaccinations are progressing, the public debt is considerable and inflation concerns are mounting. the bill is going through. what about the builder you think is too big -- bill do you think is too big? >> you've just mentioned all the reasons why the stimulus is probably too large. to be fair, there's also some very important reasons why we still need some stimulus. the unemployment numbers are still higher, particularly for those who earn wages in the bottom quarter, 20%. the percentage of unemployed who are long-term unemployed is up to 40%. it hasn't been that high since 2008, and mortgages in

forbearance, about 2.7 million of those, which are coming between march and june so there are pockets of weakness, deep weakness in the economy and so there is a need for stimulus but that potentially is probably a little bit generous. manus: frederique, good morning to you. lots of numbers being thrown around about what level of growth you would get by the fourth quarter this year. one of them, 7.5%. you make up last year's slack and some more. can you have seven point 5% growth in the united states of america and a benign inflation environment? i get its breakevens are higher than 10 years, but it isn't rampant. can the two coexist? frederique: we think inflation

is going to increase over the next few months. you have this pent-up demand, monetary stimulus, fiscal stimulus, and the economy is reopening, so inevitably, we will get higher inflation numbers as we compare prices in an economy which is open to prices in the economy which were closed. having said that, there is still in the longer term, i think we have to look more quarter on quarter. in the longer term, there is still important deflationary factors such as the aging of the working age population, the maturing of emerging markets countries. these are a damper on inflation so while we think inflation will pick up and inflation will be higher than what we would have expected 18 months or so ago, we don't think we are going back to

a scenario of rampant inflation like in the 1970's. higher inflation is what we are thinking of. annmarie: we cannot talk about inflation without talking about the 10 year yield, flirting with 1.6%. at what point do we hit 2%? what is your timeline for that this year? frederique: we think the 10 year yield will stay in range between 1.5 and 2% over the next 12 months. we could see -- going for 1.65% at the end of this year. it could be upside biased to that, but we think so long as the yield stays in that range and so long as inflation expectations are higher, 2%, meaning real rates are negative, we think the fed will stay on the sideline and therefore the national -- natural progression of yields is for them to go slightly up. manus: let's just pivoted a

little to another major market moving. brent, above $70 of this morning. saudi arabia is said to one of -- has one of the most protected facilities in the world. it had a missile attack from iran backed houthi fighters in yemen. they claimed responsibility. the impact, $70.85. we are reaching levels many strategists have said would take months to do. goldman is talking about $80 before the end of the third quarter. is there a risk from this ratchet in oil prices? do you think it is a firm trend? do you think it is entrenched, and if so, how do you invest around it? frederique: we think potentially looking at next year, staying away from short-term variations, looking ahead at next year, we could have a situation where we have tight supply and strong

demand in a way that we haven't had over the last decade, so we do expect firm oil prices going forward at the moment before these attacks -- the case scenario was for wti to increase beyond 70, to overshoot $70 per barrel by the end of this year. there could be upward bias to that, but firm oil prices next year, and we've looked at energy companies benefiting from this, but we would be selective in terms of the investments that one makes. annmarie: your notes, you talk about president biden would be prepared to call riyadh out if we see strength in the brent price, but at what level do you

think he prepares to make that phone call because it is quite a contrarian view? a lot of people say you will not get the same relationship donald trump did, which was phone riyadh when the prices got too high. at what point would biden say it is time we make a call? frederique: we think he would be willing to make that call but we don't think president biden would be willing or looking to micromanage opec as much as the former president trump did. i think we would have to see evidence the higher oil prices are really starting to hinder the u.s. recovery. it is not the case at the moment. we would have to wait and see for a few months before we might see any action. manus: you also identify the cyclical uptick in iron, copper, food inflation. is one under appreciated risk

the civil unrest as a consequence of the super cycle in food that seems to be evolving? frederique: that would be for emerging market countries are up to 70% of disposal -- disposable income can be used for food purchases so higher grain prices can be really negative for political stability and when we think of climate change and already the integration -- immigration due to that, the food crisis is one, we we could see things much worse. this is something to keep an eye on. annmarie: you talk about higher energy and all metal prices but i want to firm answer on whether or not we are in a super cycle. frederique: it depends on which commodities. we've talked about iron, copper,

gold, the commodity is clearly not in that frame. i think while we think oil prices over the next year and be firm, over the next five to 10 years, there will be some pressure from the uptake of electric cars, so there, the outlook is less clear. we would be cautious to talk about a super cycle for commodities. it depends on a case-by-case basis. annmarie: thank you for joining us. frederique carrier, head of investment strategy at rbc wealth management. coming up on the program, goldman sachs says there might be trouble for em amid the rapid rising real rates. juliette saly has the details next. this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds?

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>> with the pandemic, this has become more like a tsunami of debt that is facing many countries, about half of low income houses face large debt payments over the coming years so this is critical that we address this issue so they can address the crisis and get out of the health and economic crisis going forward. manus: that was the imf strategy policy and review department director discussing the pandemic and speaking with kathleen hays. the csi 300, the big cap stocks raising 2020 ones gains. investors continue to exit expensive shares so what is driving this selloff as we have

surging export data? juliette saly has more from singapore with the morning call. juliette: we know there have been concerns about valuations but as you point out, it is concerns about the so-called expensive stocks in china driving the selloff in the csi 300 even though we had the impressive export data coming through with exports surging, more than 60% in dollar terms january and february coming off a low base because the economy was shut in 2020 due to the pandemic, but when you see the fall in equities today in china, the csi 300 holding above its 100 day moving average. investors digesting policy reform from last week and these concerns of high valuations amid rising yields. and while, speaking of rising rates, goldman sachs saying an extension of the past months steep increase could trigger downside for a lot of emerging-market assets. they are saying they should be able to withstand a drift higher

in treasury yields but if you continue to see steep increases, that could trigger additional downside. they say the sweet spot for em stocks and fx is when yields are falling by as much as 10 basis points a month or rising by as much as 20 basis points a month so the rapid speed we saw last month certainly is something they have got on their radar as a trigger. more broadly, turkish equities can underperform in this environment, russian equities could outperform, and getting some calls in terms of what this could mean for fx as we see this dollar strength story. a jp morgan citing a year of u.s. exceptionalism and that has prompted them to upgrade their forecast for the u.s. dollar against the onshore you on, 2.635 by the end of the year. manus: it all comes down to the yield differential. thank you very much. juliette saly in singapore. annmarie hordern, let's check on the markets. we will come back around to them

again. stocks are lower by .2%. where do you spend the money? that is what ben is saying. will you send it on tech and stay-at-home or get ready for the crews of a lifetime? we cruise every day on daybreak, europe. this is bloomberg. ♪

annmarie: good morning from the city of london. i'm annmarie hordern with manus cranny, live in dubai. this is "daybreak: europe." higher treasury yields temper optimism over president biden's of pandemic relief plan. it passes the senate and heads back to the house this week. brent crude jumps above $70 a barrel after an attack on a key saudi oil side. iran backed houthi fighters in

yemen claim responsibility and it is international women's day and we have a lineup of interviews with leading female political and business figures throughout the day, including in just moments, the president of moldova. very good morning to you. international women's day, a fantastic lineup of guests including the president of mondello the -- moldova. what is driving these markets has to be finally a stimulus deal in the united states we have been talking about for months, but international women's day -- she worries the size is almost too big given where we are in the growth of the u.s. economy. manus: and that is what many people, even on the democratic side, larry summers, etc. are worried. they worried about 1970's inflation but it avoids certain cliff edges for the gig economy,

on vaccination. 1.5% in terms of growth, it closes the output gap and up goes inflation. stocks are lower, the nasdaq, will you spend your stimulus check on technology? is this a rotational move from growth into value? does that trend pervade the market? nasdaq, down .9 percent this morning. euro stoxx 50, just playing a little catch up, up .75%. you see the manifestation of the concerns of five weeks of terror in the bond market. bond yields ride -- rise five weeks in a row. annmarie, take it away. annmarie: our next guest, won moldova's election last year with almost 58% of votes cast, becoming the country's first female head of state. her victory over the pro-russian incumbent sent a powerful

message about moldova's future direction. she campaigned on a platform of ending corruption, reducing poverty, and building stronger relations with the european union and last week, she welcomed a covid vaccine delivery as the country became the first in europe to participate in the covax. maia sandu, president of moldova. we want to start with the vaccine story. you got over 14,000 from the covax program, romania lent another 20,000, but this will be short of what you need for 4 million people in your country. what is your plan to vaccinate your people? pres. sandu: indeed, we are very grateful for donations we have received from romania and it is very challenging for small and developing countries to be able to sue core -- secure their

countries. it is not only the issue of money because the pandemic is a priority, fixing the issue is a priority. we can find the money but it is difficult to secure and you can see that is an issue even for stronger countries, so we are hoping we will get more support from the u.s. we have been getting support, but also from the rest of the world so that everyone who gets the vaccine in time. -- can get the vaccine in time. manus: good morning. will you get substantially more help from russia? are you in talks with them about delivering vaccine to you or will it be the eu that will be the prime deliverer of vaccine to you? pres. sandu: as i said, we have been talking also to the

companies which produce the vaccine and our authority -- we want to have more vaccines for people to choose but as of now, the urge is to secure as many vaccines as possible and to have a choice for the people. the eu institutions have been making efforts to secure the vaccine, including for the countries. annmarie: could you do what other eu -- non-eu countries? how do you see relations between moscow and brussels developing under your presidency? pres. sandu: we see the worrisome developments which make it more difficult for us in the region, but we want to have

peace and stability in the region, and we are trying to have good relations with everyone around. manus: to do that, you need effective government and you still don't have a full, powerful government in place. will you force early elections? pres. sandu: well, this is about reforms and fighting corruptions. i did get a strong mandate from people last november to fight corruption and even though there is very strong support from people to fight corruption, unfortunately, not everyone in the political class supports this and i have to say corruption is there. the main reason for poverty in my country, because of

corruption, many people are leaving the country and this is an issue for the country. that is why i am pushing for elections because we do need a majority in the parliament which would support the reforms people are demanding. annmarie: there's a risk to your mandate. if there is a referendum taos you. -- to oust you. how do you see a situation -- a way out of that situation? pres. sandu: it is crucial for us to start justice reforms, to clean up the sector, to get the corrupt judges and corrupt prosecutors because this is the only way for us. the corruption has been undermining our efforts to build a democratic society, so we do need to make changes now and i do have the popular support, and we will continue to seek the way

to having snap elections and get a chance to elect a new parliament. manus: president, it is covax -- international women's day. i was reading an article where the u.n. director said there is a real risk of reverting to the 1950's gender stereotypes. every thing we worked for for 25 years could be lost in the year. she is referring to the burden of responsibility that falls to women, people like my mother to people in my family. they take on so much more of the responsibility for family that the progress for women will be set back what are you going to do to ensure that 25 years is not eradicated in one year? pres. sandu: well, in moldova, we have strong women and we have

proved this over the years despite the difficulties. we do have issues, problems of violence against women and this has become an issue, and even tougher issue during the pandemic, and we, when you have a weak government on burn -- undermined because of corruption, it is difficult to deal with these issues but as i said, women in moldova have proved to be very good managers in the private sector,, the public sector, and we will be working hard on these issues. we will be working hard on issuing equal opportunity for women and men. we have important issues to solve but i am optimistic and am encouraged by the fact that mold ovens -- all overns -- moldovans

have voted for a woman in these elections. annmarie: you faced an onslaught of insults and sexist commentary throughout your entire political career. most notably, this last election, and you have to think when you see this kind of rhetoric in your local papers, if you are a female, you think gosh, that might not be for me and yet, moldova has very low representation of women in public institutions. you are one of the standouts, but how do you change that perception and get more women to want to be involved in politics? pres. sandu: by example. when i started my journey as a public person eight years ago, there were all kinds of speculations including in the press about my appointment as the minister of education. there was not much discussion about my experience, my degrees.

of course, this is very disappointing and i saw how much you have to work being a woman to prove that you deserve and work hard, but at the same time, things have been changing. i launched the first government in the country where we had more women than men. we have more women in parliament today. we have democratic mayor women and it is difficult for them to campaign. it is still the environment you've been talking about, but we have to prove we are strong enough and that none of this harassment, including online harassment, which has been becoming tough these days, is going to stop us. manus: thank you very much for being with us this morning.

maia sandu, president of the republic of moldova. let's get up to speed with the first word news. laura wright, london hq. laura: china's exports surged in the first few months of the year, reflecting strong demand for manufactured goods. the beginning of the year is usually volatile in china due to the weeklong lunar new year holiday. the figures are even more skewed this year because of the comparison with early 2020, when factories and businesses were shut due to lockdowns. school students in england are returning to the classroom today in the u.k.'s latest step to reopen the economy but partly overshadowed by classes over the -- clash over the pay of health care workers. boris johnson is suggesting an increase of 1% after one of the hardest years ever for doctors and nurses. and want to add another $20 trillion to global gdp, the answer is to fully empower women. bloomberg economics has

estimated the boost to the economy over the next three decades is women's education and employment would converge with that of men. in india, the boost to gdp would have above 30%. global news, 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. annmarie: laura wright, thank you. the extra burden women have been facing during the pandemic, is it damaging their career prospects and the fight for equality? that discussion next. this is bloomberg. ♪

>> it is indeed a hot topic. we constantly monitor market trends and with spac's, it is very hard in the u.s. market

since last year. what we want to do is obviously study the commercial viability and attractiveness in order to maintain hong kong as an attractive market. annmarie: the hong kong exchange head of listings bonnie chan discussing specs. it is international women's day and every year, hard-fought battles are won in the fight toward gender equality but globally, there is a long way to go. estimated that empowering women to participate fully in the modern economy would light a fire under global growth, adding $20 trillion in global gdp in 2050. manus: but covid-19, the pandemic has delivered a hefty blow to gender equality. the previous progress risks being reversed. women's jobs are more vulnerable to crisis than men's and the burdens of unpaid care falls

disproportionately on women according to the research from mckinsey global institute. let's bring in our guest, partner at mckinsey global institute. women take on a heavier burden, heavier duty during this past year. what is the biggest consequence of that? is it about women not being able to return as quickly to the physical workplace perhaps and so therefore suffer at the behest of the present deism of men -- present of men versus women? >> the consequences of this are clear. if you look at two decades prior to the pandemic, women were making progress in terms of labor force participation. three out of four jobs created in countries over those two decades went to women but in the last one year, the effect has been very regressive so we've

actually seen that despite women being this percent of the -- they account for 50% of the job losses -- 55% of the job losses because of sectors affected by lockdowns. things like retail and accommodations, hospitality. also because of the extremely large and imbalanced burden of unpaid care work. the whole responsibility of caring for children and families at a time when other care services are not really functioning. this disproportionate impact has been huge. the amount of time women have had to put into the care burden or the care responsibility is actually higher by 30% in many economies and as a result, more women have dropped out of the workforce than men, which is a

very regressive impact. annmarie: once the occupational transition going to look like of men versus women once economies lift restrictions and are fully reopened? anu: in the short-term term, we think some of the work opportunities for women will come back because some of these are linked to near-term physical restrictions due to lockdowns, but our research over the longer term suggests women will be challenged with a higher degree of occupational transition. by this, we mean there are a set of long-term structural forces covid-19 has unleashed which will transform work even faster. these are around greater digital transactions, the rise of e-commerce, more automation and ai, and remote work. the impact of all of these is going to be 100 million workers across countries we studied will need to switch occupations if they are to stay employed

by 2030 but the rate of increase in such occupations is four times higher for women than men. it is the kinds of occupations they are in and we all know it is hard for women to make those transitions because every transition means you have to invest time, energy, and money being re-skilled, finding a new job, and each of those critical moments is an opportunity to take a step back and perhaps, unfortunately, ease out of the workforce for a longer period. it is going to be harder unless policy makers and business leaders take concerted action. manus: what level of engagement or understanding do business leaders have because you would say in the data those best-performing companies in the top quarter are 25% more profitable than average if they have diversity. with work from home and flexible working weeks becoming more normalized, is this a huge opportunity for business leaders

to embrace better diversity? anu: i would agree that work from home is actually one of the potential silver linings from our gender diversity standpoint. it has been a long-standing need for women who want to balance homework and use flex ability and with covid-19, it has become more normalized. we don't see it as a gender solution, but more something all sorts of workers want, so i think that awareness is rising among the best firms as well as in a more broad-based way, but we also think work from home is not a broadbrush solution because to get the effective work from home model and maintain an increased productivity at work, companies are going to have to think hard about what particular activities lend themselves to work from home versus others that actually need in person present interaction, collaboration on the ground so to speak.

thinking about that right hybrid model is going to be a big preoccupation for companies that want to make this transformation but in addition to work from home, we think the upscaling challenge is another area where companies sees the issue and if you companies are thinking about ways which are innovative to break some glass in terms of raising the rate of redeploying of the workforce. annmarie: can you name some names of the companies that are willing to break some glass that may be can follow example? what companies are they and what are they doing to alleviate this problem? anu: different solutions, but some interesting approaches. you have ibm, for example, that has this new collar approach to thinking about how to up skill workers for jobs in cybersecurity, cloud, and other hot areas. the new collar approach is not

about the degree. it is not about a four-year or two-year education, it is about getting shorter but very targeted and purposeful courses available to candidates to reskilled themselves. they could take four months or seven months, but ways to move up the skill ladder faster. the other approach, companies like google, ibm, and others have decided in some cases to set aside college degree requirements when they look at hiring candidates. walmart runs the wal-mart academy, a way of subsidizing and supporting its frontline workers through a full college degree program, but with substantial support and others are experimenting with apprenticeship both for a cross-section of workers or even

all their workers coming back. there is an area of approaches but you have to see which ones. manus: certainly a time for innovation and perhaps reappraising what is education? what is a degree? thank you so much. anu madgavkar, partner at mckinsey global institute. our guest on anu madgavkar -- international women's day. this is bloomberg. ♪

annmarie: an hour from the start of european trading. this is "daybreak: europe." coming up this week, we will continue the conversation around international women's day. a host of interviews and on tuesday, the oecd publishes its interim outlook. manus: wednesday and thursday, central bank decisions. you've got the ecb delivering

rate decisions. let's see what the ecb does. 10 central banks coming up over the next several weeks. read enda curran's op-ed. the european market open is up next. this is bloomberg. ♪

>> good morning and welcome to bloomberg markets: european open. longtime friend of the show, our markets live editing -- managing editor, joins me to take you through the market action. first, your headlines. the cash trade is less than an hour away and here are the top stories. higher treasury yields temper optimism.