Protests hammer u. S. Cities nationwide for a seventh straight night. President trump threatens to deploy the military to end what he calls the lawlessness in the streets. U. S. Futures slipped as new york goes under curfew for the first time in over 70 years. As we pointing higher said. The u. K. Virus infection rate falling to its lowest since march. And a second wave of stimulus cannot hurt. Angela merkel looks to broker a deal on a stimulus package with 100 billion euros here as the u. K. Chancellor plans to prepares plans to bolster growth after Emergency Support is withdrawn there. We are just under one hour away from the cash equity trade here across europe. Lets take a look at futures, keeping in mind that the german dax was closed yesterday. It is up about. 5 in terms of futures. Euro stoxx 50 futures, the 6 . Chmark up. Ftse futures up. 4 . They have been positive just about one hour ago, at least partially. Now mastec futures are still keeping their heads above water. We are
Coronavirus restrictions. The pboc pledges stronger monetary policy. Saudi arabia confronts its own predicament with slashing of spending and tripling vats. The European Commission threatens to sue germany. Sident ursula von warm welcome to the show. The agenda has been set. More stimulus from china and japan. Negative Interest Rate policy is exploding across the u. S. To the market, april fed funds futures for 2021 skirmishing with a negative. According to jpmorgan, you should. There is a big bet negative rates could go to 45 bips in 2021. The dollar, what are the consequences of nirp. Therestrate policy on dollar would be the dollar living on borrowed time according to standard chartered. Dissipating. Ial is we are rolling over. Dollaryen, more news of more stimulus from china and from abe japan could do more helicopter money if needed. The dollar rises, the yen falls. Have a look at the rest of markets. What is the biggest risk of the morning . Asian stocks rise on the stimulus disc
Especially big oil and big attack. We will have the likes of credit suisse. Its very much so a mixed fixture mixed picture. Are mixed financials this morning. Also interested to see how retailers will do today given the fact lvmh looking to make a bid for the blue box, tiffanys. Staples and industrials are in the red, looking to be a risk off here in europe. What are you seeing across individual names . Winners butrs and lvmh is at the top of your list as far as Companies Adding index points or holding us back from further losses. Adding points to the index, you shall in second place there. Luxurygot some other stocks there carrying specifically. If you look at the losers here, onc is the biggest weight the stoxx 600. Taking out about 2 10 of a point from the stoxx 600 down half a point right now. Unilever are also losers today. You do see two of the biggest newsmakers, Louis Vuitton making an offer for tiffany is the biggest gainer. Asc earnings disappointed the biggest loser. The ind
Whoever starts one will not finish it. Wait, wed we work, we worry. Pressure mounts on the ceo of in the u. K. , the collapse of thomas cook leaves thousands stranded. Matt good morning. We have not escaped worries about trade concerns regarding a farm trip. We have been and reporting that the u. S. Requested that but we are also told it does not mean anything is going on that is bad between the trade talks. It has nothing to do with the trade talks as we look ahead to the facetoface meeting on october 10 after the working level talks last week. That is not stopped the asian stocks from falling. Closed today. S asian stocks coming down. Biggest losses in hong kong. Mscia look at the asiapacific and index that following this morning as well. And looking at u. S. Futures, they are up. Reading thes are signals differently or maybe Something Else is at work sending asia down but making traders optimistic for the opening of u. S. Trade. Is strengthening a little bit. Coming down to 7. 11. G
Considers a further delay on china tariffs. Shares and micron despite the ban. H2os liquidity problem. Woes deepen as more than 5. 6 billion euros of assets evaporate. The money manager says outflows have slowed since monday. Manus its daybreak europe. Welcome to the show. It is rocking higher, oil that is. A war of words from the white house to iran. You have inventories being squeezed aggressively. Up 10 in the past five trading sessions. The driving season is on. Theres a number of calls out there. City is saying if theres an escalation to conflict, adding another 10 to this price. Versus bank of america which is wrong, thet all goes chinese go to devalue the yuan, the chinese will buy oil from iran. You will see implosion in price. Down by 50 . Thats your risk. Lets look at the rest of the market. Bullard said the timing was right for an insurance cut. The market was essentially disappointed that powell did not go further in his rhetoric. He warned on the downside on the economy. L