i want to highlight as well electrolux. this is something i have been watching today.nts from the ceo i very interesting. further price hikes. electrolux is basically saying it could see a little bit of a hit of 3 billion swedish krona coming from things like raw materials and a currency hit, and it sees those carrying through to 2019. coming up, is the european equity market open futures pointing lower? this is bloomberg. ♪ minute fromhan a equities trading. still in a bear market, nikkei closing down .4%. we've seen these numbers continue off concerns of tech earnings after market close in the u.s. euro can't catch a bid. star the strength is the story although we have seen the yen gain. oil resumes its losses. wti trades. brent goes lower. cable pretty much unchanged. let's take a look at futures. we did see european equities close higher .5%. it looks like another down day. dax and cac 40 futures down more than .8%. he was futures pointing lower, as well. the bears are out again. the equity market open is underway. let's see how these markets open up. follow asia i

. >>> and electrolux shares tumble to the lowest level in four years after slashing its demand outlook and blames the impact of u.s. tariffs >>> european markets have been trading for just over an hour. it's been an incredibly weak session. as you can see, a real sea of red this is after amazon and alphabet reported disappointed outlooks yesterday dragging those two stocks down. filtering through to asia where we saw losses across that region europe is proving to be quite a victim as well in addition to those factors, plenty of corporate earnings in europe the stoxx 600 is down about 1.2% today. let's look at the sectors and see how the different groups are faring in early trade this morning. as i said, corporate earnings heavily in focus with a number of different seshctors seeing companies report autos down 2.2%, in stark contrast to yesterday where the auto sector got a nice boost this morning valeo disappointing investors. chemicals down sharply, 1.8% basf reporting there travel and leisure at the top, up 0.4%. iag results, healthcare, food and beverage, utilities, the defensive se

interesting from electrolux.peak with the ceo, who joins us for his first interview of the day after 9:00 this morning, london time. we have also got some more breaking news. ceo is telling the board of his intent to step down. something to keep an eye on as well. what we saw is u.s. futures pointing lower after that game yesterday. the asian session getting punished again. same story for europe. yesterday, the stoxx 600 closed higher. ftse futures down .9%. cac 40 futures down lower than my than 1%. lower by more than 1%. the equity markets are stealing the limelight this week, but if we take a look, it looks like we could see bund yields lower. we saw the treasury yield lower this session. down almost to bas -- two basis points. not a lot going on there in terms of the bond futures in italy. italy quiet. at markets very much in focus. there is money moving into treasuries if you look at the futures as well. let's check in on the markets in asia. man in hong kong has -- yvonne man in hong kong has the details. t

francine: thank you so much for joining us, jonas samuelson, ceo of electrolux.ughtsng to have his on trade tensions and where they go next. up next, a more mature relationship. china and japan say they have an approved relationship as shinzo abe makes his first visit to the country in years. we will talk more trade next. this is bloomberg. ♪ ♪ this is "bloomberg surveillance." i'm francine lacqua here in london. has led to its weakest level in a decade. the currency has come under renewed pressure recently after the people's bank of china cut its reserve ratio requirement for a fourth time this year as a country deals with the trade war. how does the on one trade war continue to affect markets and investment? still with us is bhanu baweja from ubs investment bank. do they defend seven? seven a technical level that will mean selloffs elsewhere? bhanu: selloff -- seven is a technical level and it probably means more so lost elsewhere. seven in itself is not a deadly sin. i think what's happening in china, with happening in the currency is symptomatic of the major

. >>> and electrolux says it cannot rule out the material impact on the north american business fromraw about 10% of its u.s. appliance revenue from sears which declared bankruptcy this morning. >>> coming up on the show, saudi shares in focus as riyadh deals with an escalating diplomatic issue of the disappearance of a journal list live in riyadh after the break ♪ lean on me, when you're not strong ♪ ♪ and i'll be your friend ♪ ♪ i'll help you carry on ♪ ♪ lean on me. >>> you're watching "street signs. the italian government needs to submit the 2019 budget to brussels by the end of today the populus coalition plans to raise next year's budget deficit target to 2.4% of gdp potentially putting rome on a collision course with the european commission. speaking to cnbc in bali, european central bank president mario draghi denied the ecb would step in. >> the answer to the last is no. and it's really clear why that's the case the ecb has one program which is called omt, which was created during the crisis of 2012, and this program says basically that this is designed to addressee veer dis