Tom good morning, everyone. Bloomberg surveillance. And keep her being with us on Bloomberg Radio and bloomberg television. Thisan important our is an important hour. Will join us later, carmen and Vincent Reinhart. Morning,at we see this the only thing that matters. Dollar out to new weakness. Jonathan dxy taking out the lows of early september. That is the dollar index, heavily weighted towards this goal currency. The eurodollar nicely through 1. 19. Another monday with a cyclical tilt. Small caps outperform big tech, largely off of some positive vaccine news. Haddownside surprises weve in the Economic Data over the last week, we need to Pay Attention to that. Im excited to hear what david has to say about that. Tom lets frame that right now. I look at the 55year forwards. The answer is ive got disinflation in the united kingdom, a little bit of a rolling over of disinflation trend in the united states, and is some noland right now. Kind of the wrong upside surprise. That is the labo
Three virus levels. Investors are not buying the idea that the sectors prices have finally passed. The Company Behind k pop sensation bts prepares to take the stage in seoul. Big hit hopes to be a big hit on the korean stock exchange. Paul markets are just opened here in sydney. For a look at whats going on, lets go to sophie. Sophie sydney stocks gain ground. 1 , resuming the advanced after stalling and to retreat from a march i on wednesday. We have the likes of bhp and providing a boost while banks are under pressure and focus is on the rba governors speech in which he signaled the desire for more state funding while indicating that there will be a lower for longer rate environment, likely to see further easing ports 10 basis points, also indicating there will not be rate hikes for at least three years unless there is more sustained progress on jobs and inflation. Those remarks did see pressure come through on the aussie dollar, seeing an earlier push. Flipping the board to check in
Boris johnson is due to the side on fridawhether to walk away from the talks. New zealand prepares to vote with polls indicating the Prime Minister will be a comfortable winner. Both party leade are criticized for not doing enough for women. Breaking news out of south korea. We are getting the jobless figures for the month of ptember coming in at 3. 9 , which is much higher than analysts had expected. Its also larger than the previous month, when it came in from august at 3. 2. 300 92,000 jobs were removed in september from a year earlier and we have seen the jobless rate ssawing. We did have the virus resurgence in south korea so that hit the labor market negatively and we had typhoons in september that might have skewed the numbers. The positive boost for the labor market in south korea is the governments planned fourth extra budget that should help the employment market. S p saying it will take many years for employment to return to prepandemic levels. We have seen the bank of korea
3 times wanted to still very much alive. Travel guides to specialists in germany. Where exactly. Learn a lot of cars culture history and. Travel extremely worth a visit. A ticking time bomb as the pandemic sparked a debt emergency across africa experts warn the continent recession could trigger a global explosion. In the fight against coronavirus germanys is expanding to give the firm a head start in vaccine production. And the fall of or the wind in south africa which is running again after idling and locked down. This is v. W. Business im going on in berlin thank you for joining us the world banks chief Economist Says its going to take 5 years for the Global Economy to recover from cove it Carmen Reinhart says that the pandemic represents the largest economic shock the world has experienced in decades the world bank predicts world the Gross Domestic Product will fall 5. 2 percent this year they recommend governments focus on strengthening Health Services and providing Financial Suppo
And the most. Summer break. Is history. It is. Not going to. Come and. Probably including normal. This League Starts to temper the team on g. W. A ticking time bomb as the pandemic sparked a debt the across africa experts warn of the continents recession could trigger a global explosion. In the fight against coronavirus. The firm heads. Start in vaccine production. And its all aboard the wind in south africa which is running again after idling in lock down. This is v. W. Business im going on in berlin thank you for joining us the world banks chief Economist Says its going to take 5 years for the Global Economy to recover from colvin Carmen Reinhart says that the pandemic represents the largest economic shock the world has experienced in decades the world bank predicts world the Gross Domestic Product will fall 5. 2 percent this year they recommend governments focus on strengthening Health Services and providing Financial Support to the private sector and citizens. But thats harder to d