U. S. Threatening any recovery optimism. Australia braces for the end of a record run. Gdp data showing whether the 30 year recession free streak is over. Looking at how markets are trading, u. S. Futures under pressure after stock markets in the u. S. And in most thats ended mostly positive stock markets in the u. S. Ended mostly positive rating. Friday. Oflly no real substance concrete measures against beijing. We have the dollar index falling friday, the declines continue on down. 2 . Monday, this as confrontation with china continues but after the s p 500 closed may on an up note and now at the highest level in more than 12 weeks. 1. 7 , about 35 a barrel level. This is the highest in 11 weeks and the biggest the klein in more than a week. Decline in more than a week. Russia and saudi arabia agreed to coordinate on the deal reached by opecplus to cut output. Seeing u. S. E futures falling. Upside holding on with futures trading in this part of the world. Nikkei futures trading high
Time to for global exchange. We are going to bring you todays market we would news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. Want to start in japan. Prime ministers shinzo abe and im sick stimulus measures to keep recession at bay. That Package Amount to around 239 billion. Going to me on the phone from hong kong is enda curran. Does this match expectations . What is the read in terms of growth . Enda slightly bigger than expectations, but nonetheless it is an important shift. There has been criticism for some time that the boj has put much run the course in terms of what it can do for japans economy, so economists had been saying more had to be done on the fiscal side. This could help offset a recession. The economy has been hit by natural disasters, by weak exports, and theres a feeling that this money may endure beyond the 202011 picks in japan olympics the 2020 in japan next year. And fresh spending that is leaving markets and
Take the top spot. Member nations have not franzmed dutch politician timmermans, who was expected to be the European Union next chief executive. Leaders will resume negotiations on tuesday. In the u k, jeremy hunt will try to burnish his brexit credentials today. The foreign secretary will set up his strategy for a no deal exit from the eu. His plan would cut Corporation Taxes and ease the burden for british retailers. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. In his 1 00 in new york, 6 00 in london, 1 00 in hong kong. Im shery ahn in for vonnie quinn. Welcome to bloomberg markets. Shery from bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world. Protesters and police by lome in hong kong, a dramatic escalation of opposition efforts to force the government to withdraw controversial exhibition legislation. We wi
Tom good morning. This is bloomberg daybreak europe. Diplomatic efforts intensify as israel weighs a response to irans drone and missile attack. The west calls for deescalation to avert wider conflict. Markets show signs of stability with crude prices easing as oil traders largely shrugged off irans assault. On hopes the conflict is contained for now. German chancellor olaf scholz arrives in china for talks with president xi jinping. On a mission to dial down tensions between beijing and europe lets check in on markets on the back of those unprecedented attacks from iran. This is not a market that for now is showing significant signs of risk off. Yes gold is higher but treasuries are down, the dollar is softer and u. S. Futures and european futures pointing higher. The context for the u. S. Was that last week was the biggest weekly decline for u. S. Stocks since october. On expectations that there will be higher for longer on the rights view coming out of the u. S. And stickier inflati
India’s deal street continues to be active even though the Covid-19 pandemic is still raging in parts of the country. Tech Mahindra on Monday said it will acquire a 70 per cent stake in Perigord Asset Holdings Ltd (Perigord) for an undisclosed sum.
Perigord specialises in providing end-to-end packaging supply chain solutions to the life sciences industry such as artwork & labelling services, strategic consultancy and outsourcing.
Tech Mahindra will acquire the Indian subsidiary of Perigord Perigord Data Solutions India Pvt Ltd and Perigord Premedia (India) Pvt Ltd, while Mahindra Engineering Services (Europe) Ltd, a group firm, will acquire the other legal entities of Perigord.