thank you for joining us, morningstar head of global equity research. plenty more coming up. this is bloomberg. ♪ haidi: it is 9:30 a.m. here in sydney. the market open is about 30 minutes away, the start of a new month. looking for a little bit of positivity when it comes to the start of trading here in sydney after u.s. markets retreated friday and what was a pretty lackluster pre-thanksgiving holiday session to close out that month. i'm haidi stroud-watts in sydney. shery: i'm shery ahn in new york where it's 5:30 p.m. you are watching "bloomberg daybreak: australia." let's get the first word news with paul allen. paul: thank you. the aussie dollar strength and after data on saturday unexpectedly showed china's official manufacturing tmi rising above the 50 level for the first time since april. 50.2 reading easily beating estimates. that boosted investor confidence. one reason to caution is a tweet from the global times sunday saying china wants tariffs rolled back and part of any interim trade deal with the u.s. the german government faces a crisis after the coalition p