, stocks andcovery futures sliding after unexpected uptick in u. S. Jobless claims. Delay to the stimulus plan means one thing for markets. This may get worse. , china to the u. S. To close its consulate in chen u du. Mike pompeo calls the chinese president a true believer into italian totalitarian ideology. Delay, thisuction follows big drops in microsoft earnings despite solid results. We are an hour from cash equity trading. You can look at drops of more than 1 acrosstheboard in european futures. You have got you are got u. S. Teachers that continue to fall after the slump we saw yesterday. Anna we have got numbers from vodafone out this morning. Lets get to that. 21 organic services revenue, this is the bread and butter of what they do. Down, but the estimate was something worse. There was another u. K. Giant, unilever, also yesterday. They are keeping the guidance for Free Cash Flow prespectrum. There have been questions around the ipo tower unit. The european tower unit is on tra
Global recession since world war ii. Senate democrats with a Sweeping Police Reform bill. Manus 6 00 a. M. In london, 9 00 a. M. In dubai. I have two pieces of paper, one is the dollar destruction story, is the bondte one vigilante trade it was not really a bear market, but what i like is he says the market selloff was a panic attack. I want to tell you i have had more panic attacks since 2009. I think they are inextricably linked. Nejra it is always great to kick off the show with an update on how many panic attacks you have. I love the daily comments, he has coined another acronym, mother of all meltups. To classify what happened in the selloff is a bear market is if we are talking about a bear market, you might expect more losses to come. If you see this as a panic attack, you could have faith in further games. Erase see the s p 500 yearly losses. We are seeing green on the screen in asia for several days in a row, but weakness in u. S. Futures. What a stunning move, 45 rally from t
Social elect leaders that favor exiting the coalition with the cdu. Narrowing the lead, four of the five latest polls show the Uks Labour Party closing in on Boris Johnsons tories as President Trump visits britain for a nato summit. 7 30 in london and 8 30 in paris or berlin. 29 minutes from the start of the European Equity trade for monday morning and things look flat on the European Equity markets, but that is not necessarily the global picture overnight. U. S. Futures, looking a little more positive. Probably, we are reacting on the Positive Side of things to the data out of china, the manufacturing pmi coming in higher than estimates. That seems to be something that could lift equity markets in the United States later. Futures look more positive for the u. S. Lets get to the Asian Session and the gmm shows us where we are on asian equity markets on the far side of the screen. 4 , indonesia doing strongly and the russian market, not bad. A slight cleaning for the on equityrisk on mo
I would rather be dead in a ditch. What would the world do with further delay . It is pointless. Matt good morning from frankfurt. I am here for the auto show. One of the brandnew bugattis yesterday. All the focus in the markets today is going to be on what goes on with the china rate cut, what goes on with the Oil Situation where you are. Manus you must be in seventh heaven. All the expensive toys to look at. Place here at my favorite , the World Energy Congress number 24. One word. It is about oil. Five days in a row, it is all about the rainmaker. Minister. Udi oil good morning. Good morning. We will be following that story closely. Take a look at the equity indexes in china, first off to see how they are doing after that rate cut news. You see there are gains, only slight. You look at hong kong, you would see they are down a little bit. More of a riskon scenario when you look at safe haven trade. The yen is gaining a little bit against the dollar, but you can buy 100 seven, basical
Rates are the second time this year, but Jerome Powell says only moderate policy moves are needed from here. Down, a more turn extensive sequence of rate cuts could be appropriate. We do not see that, it is not what we expect, but we would follow that path if it became appropriate. Anna the fed also plans a cash injection to tame the repo markets. Sticking to its guns, the boj calls for an october review after leaving policy unchanged. Investors look to the bank of england for their Interest Rate decisions later this morning. A halfhour from the european open. Treasuries, let me trim this chart down. We have come back down from the fridayike we shot up to my currently trading at 1. 70 after Jerome Powells press conference. We see futures pointing to a negative open in europe. On the s p more tellingly. French futures flashing a little green. Off almostures are 0. 25 . What do you also see . Anna u. S. Futures do not will bethe late rally sustained into todays session. We see negative r