To challenge records. Eu finance are set to meet today. Italy lays out fresh restrictions. Chancellor merkel urges germans to follow the rules. Bmp bounces back, the french Bank Benefits from volatility. A bullish tone on the numbers. If you look at the bottom year ago, andus a nine months, it is ahead of the target we gave for the outlook for the full year of 2020. We are under one hour until the start of cash equity trading. Good morning. Lets look at futures. Some real strength coming through futures markets sees the european picture up 0. 8 . If we look at the u. S. , we get a similarly positive picture. He saw strength yesterday. We have not erased losses from last week. The coronavirus is still very much with us. Yesterday the u. S. Equity markets recovered to some extent, and in europe, the cac 0. 2 . X up by today we see more of that positive trend. We can see positivity coming through in the asian session. Japan is closed, but we have the asian equity session fairly positive.
Smashing it. Mike mckee is here to break it down. Brian it may be michael it may be too late to influence the president ial election, but certainly influencing the way the markets are going to trade because this is a big number. In october. We thought it would be 56, but this blows that away. New orders, 67 point nine from 60. 2. Production, 63 from 61. For the First Time Since july 2019, we are seeing employment well for with augurs this fridays numbers. Maybe we get some positive manufacturing. Prices paid still rising. Hard to know exactly what that means in terms of long red inflation since we do have the confusions of the covid case. Is it a shortage of materials, a pipeline problem, or are we actually see in prices going up . Likets for the year, looks the new export orders goes up to 55. 7 from 54. 3. That will take a hit from the lockdowns in europe. Overall, this is a very good number for the economy going forward. Alix how much is it like we have seen in europe, where manufac
Prime minister johnson born the house of commons the number of deaths could be twice as high as the first wave in the spring if National Action is not taken. Pubs, gyms, and nonessential shops will close for four weeks under the plan, which is subject to parliamentary approval. Hurricane zeta, which tore through this out last week, may point 4 insurers four billion. The damage was mostly from wind and storm surges. The storm affected nine u. S. States. The biggest losses were in louisiana, mississippi, and georgia. Formedrricane zeta has in the caribbean sea. It will bring heavy rain and wind and storm surge to central america. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 5 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on th
Politics at home and abroad for years to come. The ipo has taken a dramatic turn with jack ma and other executives summoned by regulators. The company ahead of scrutiny. Shery breaking news out of south korea. We are getting the october Consumer Price numbers. Month for month, we are seeing a contraction of 0. 6 , really missing expectations of analysts. Not to mention it is a slow down and Inflation Numbers from the previous month. Not surprising given we had a pickup because of the weather related issues. We had monsoon season. And lowerlf Pressure Energy prices. Growth of prices is only. 1 which is a deceleration from the previous year. Not to mention it is under analysts expectations. Only in october we saw bright about 30 lower on average compared to a year ago so we are getting pressure on both numbers. For now, lets turn to the market. We are seeing u. S. Futures slightly higher online. Lets turn to sophie in hong kong. S p adding about 1 10 of 1 at the start of the session in a
Election day in what could be the most volatile week of the year. But, tech is still lagging. We will preview upcoming earnings. My exclusive interview with snp ceo klein. Could this mean bad news for the rest of tech . First, the earnings parade continues with posting its annual profit forecast with new accounts searching. Net new accounts jumping 55 from a year earlier. We will get to that in a moment. First, Abigail Doolittle has been looking at the broader markets today as we head into the big day. A lot of anxiety going into tomorrow. How are investors digesting it . Abigail anxiety describes it well. More jitters on the part of stock investors. Another wild day. Sharply higher. Afternoon, then finishing up just a little bit after the close. Investors were selling the tech stocks, or some of the tech stocks, and buying up some of the cyclical, growth sectors such as energy, industrial, materials. On the other hand, volatility, still very,0 fix very elevated. The investors are conc