coming up on the show, a deeper dive into those numbers from socgen.he guidance from the head of global banking. and investor solutions from a french lender. his take on how do you grow? ♪ good morning from our middle east headquarters in dubai. it is "daybreak europe." speaker pelosi meets the president of taiwan and praises one of the world's freest societies, but an enraged china announces provocative military drills. treasury yields surge after the fed opec is expected to maintain production levels to boost supplies. society general has outlined a new growth -- eight new growth targets, promising higher profitability, rising interest rates, and a global trading rally have provided tailwinds. operating profits and revenue beating estimates. we have with us socgen's head of global banking. thank you very much for joining me this morning. a great set of numbers, a nice beat. loan losses are dropping. i want to get to this guidance you have given. global markets have grown their revenue. where will the offer for that growth come from? >> thank you for

that is the head of ethics strategy at socgen, -- fx strategy at socgen.nergy in balance and in favor of that strategy. coming up, energy prices grow in the u.k. this is bloomberg. ♪ tom: welcome back to the open. 42 minutes into european trading day. gains of 0.7% across european equities. in the u.k., the ftse 100 is currently up around 56 points. the pressure is growing on the u.k. government to draw out the most measures to protect households and businesses from high energy costs moving into the winter. household bills have been soaring and are set to rise further. tomorrow has an announcement from the energy regulator about a price cap. let's bring in lizzy burden. what are we expecting tomorrow? lizzy: they will tell us how much household energy bills will rise in the fourth quarter, and one estimate says it will be 80%, and that would take the average built about 3500 pounds. three times the pandemic level. energy buses warning that more than half of u.k. household will be in poverty by january because they expect bills to continue rising and this i

single stocks, socgen of 7.34%.are raising their outlook, as we were hearing from alex, and we are trying to figure out what the post world will look like in the management shift. who was going to be in the top seat? we await the news. bmw down hard today, incredibly cautious. bmw has been a real outperformer, when it comes over the last months. today's guidance is downbeat and some ways. they are marking that aggressively. we have the interesting story, strong guidance, and for this u.k. house builder, it is flagging that there are some risks, but the bond for u.k. housing remains strong. is that going to change as interest rates get ratcheted higher and higher and higher? we expect 50 basis points for the bank of england tomorrow. kailey: all in the attempt to fight inflation, which has a lot to do with energy. let's get to the oil conversation. opec+ responding to months of diplomatic effort from president biden with one small increase in oil production, the smallest in its history. state department senior adviso

you brought up the lines from socgen about the pound. i love that.ling to find reasons to buy. manus: that's a great attribution there. at that time, rates were at 15%. interest rates in the u.k. at 15 percent. i remember. down came the pound. it crashed even though rates were at those kind of double-digit levels. [inaudible] dani: yes. i want you to sing. that's all i need. [laughter] that's it for us on bloomberg to break europe. merrill -- more ahead. ♪ anna: good morning. welcome to bloomberg markets europe. mark cudmore joins in singapore to take us there all the market action this hour. your cash trade is less than 60 minutes away. here are your top stories. a summit like no other.

coming up, subadra rajappa of socgen. this is bloomberg. ♪ pst. girl. you can do better.our big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line. so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now, there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress and emotional eating, and losing weight. go to golo.com and see how golo can change your life. that's g-o-l-o.com. jonathan: live from new york city, good morning. equity futures almost totally un