Welcome to surveillance. Off to a firmly risk off footing and then remain so. Additional wobble coming through after news china is slapping sanctions on Lockheed Martin. Barely Holding Onto Gains here. Up by one whisker but the losses are heavy into deep in europe and asia. Looking at key earnings including the banks but also delta reporting numbers in a few hours. Eurodollar up, this is the story of Dollar Strength. You have treasuries play big after the open on monday. When california reintroduced some restrictions to stem the virus. 1. 2 . En brent crude down looking ahead to that Monitoring Committee meeting and the expectation is theres going to be some additional action. Lets get to the bloomberg first word news and get you the round up there round up there. China has called the u. S. A troublemaker which is undermining regional stability after the Trump Administration rejected beijings claims to large parts of the south china sea. The u. S. S china previous policy of not taking
English premier league along with a spat with the u. K. , all reports prius president xi jinping could close the u. S. Consulate in showing do. Tension and political Mitch Mcconnell good unveil a gop plan opening up discussions with immigrants. Cost cuts assifies it sees a considerable slump in economic output. Confirms its diagnostics unit. Units from unilever coming from across the wire. What are you seeing . Anna we got the numbers from unilever. Lets get to the story in london. Unilever with underlying sales, down. 3 , but better than the market anticipated. The estimate was for a drop. 3. 89 . That is a good number for the underlying sales story. They were telling us about what they plan for their tea business. They talked about moving it on in some way. Now with a that will hold they will hold on to some of it. They are retaining the tea businesses in india and indonesia and interest in the ready to drink tea joint ventures they have, but they are telling us the operations they w
Margin. The result is seen as pivotal for the future ties of the nation with the European Union. And u. S. Banks are braced for the worth order since the quarter for the worse quarter since the financial crisis. Jp morgan kicks off a big rank week. Good morning, it is 6 00 a. M. In london. It is getting hot here. With an untamed virus irrationalional exuberance in stocks. It could get tricky. Goldman has upped their view of their earnings. Yall so have the gilead story in terms of remdesivir helping the severely ill despite the untamed virus in florida exceeding the peaks of new york and texas. They are still below consensus and there are deals there. The dollar drops. Two straight weeks of a demolition of the dollar. Yields traded at. 63. Do you buy the rally . Im a believer, are you . Copper is the shining narrative. Copper is ripping it up there this morning. You are looking at the longest 20 16. Streak since is that a wakeup call to the Treasury Department . On willudis turn the sa
And Goldman Sachs reports today after jp morgan, citigroup and wells fargo set aside almost 28 billion for bad loans in the Second Quarter. Its 6 00 a. M. In london, home. M. From welcome back, nejra. I missed you. Lets talk about the forecast for the Third Quarter, thats what everybody is focused on. Third quarter net sales coming in at 3. 6 billion and the estimate was for 3. 8. Third quarter net, the estimate for 3. 8. An are looking at acquisition of berlin glass. , its themargin Second Quarter, 48. 2. The guidance there, 48 on the margin. The estimate was for 48. 1 . Looking back, nejra. Nejra thanks, and its interesting, on that acquisition you talked about, financial details not disclosed yet, that something maybe the market will wait for at some point. A final dividend in the Second Quarter, but its been an interesting couple of days in markets. Manus it has. Who do you put your faith and trust in . Faith and trust in the person at the front of the bus. Jamie dimon says we are
How to taper without hitting prices . Polands president ial election is too close to call. We have the incumbent ahead by a thin margin. The result is seen as pivotal for the nations future ties with the European Union. Welcome to the European Market open. Matt is off this week, but just a month under an hour until the start of the trading day. European futures and u. S. Futures for you and both tell a similar story. European equity fund its pointing to the upside, u. S. Futures pointing to the upside. Between. 6 andp. 8 . Weve got u. S. Banks reporting, plenty of those coming through the week. Weve got a few Central Banks giving us their Interest Rate decisions, a little less likely to drive sentiment this week. Looking to the earnings season for any clues. Lets have a look at the gmm to see where weve been overnight through the Asian Session and any clues into the european session. Flying, chinese assets taking off despite caution in chinese papers. The japanese nikkei come also stro