Hold onto a recent rebound and global stocks head for a second week of losses. The European Union is giving Boris Johnson until the end of the month to back down on his controversial brexit bill. Cable holds at 1. 28. And citigroup names jane fraser ceo, making her the first woman to run a major wall street bank. She faces the challenge that alluded her predecessors, boosting the banks profitability in line with its rivals. Just under an hour away from the start of cash trading in europe. Lets take a look at where futures are pointing here on the dax, ftse, and euro stoxx 50. Futures all pointing down, although slightly lowered right now, with ftse futures off by about 0. 3 . Take a look at u. S. Futures quickly after the drops we saw yesterday, almost 2 drops. We have a bouncing futures bounce in futures. Anna lets have a look at some data out of the u. K. We are getting monthly gdp data. The u. K. Economy growing by 6. 6 in july. It is almost in line with the estimate of 6. 7 . No su
Happened. The bears breathe a sigh of relief. But is it all over as soon as it started . The cash trade is just an hour away so lets see if this has legs. Here are your top headlines. With thes a big blow nasdaq down almost 5 . The s p severs it steepest drop since june. And suffers its deepest drop since june. Bill ackman tells market jitters the National Bank to challenge santander. So, a lot going on today, as well as german factory orders. They are now out. Ofth over month, the gain 2. 8 not nearly as much as a survey, which was 5 . Over the prior number, which was 27. 9 . Yearoveryear, its a drop of 7. 3 , which is worse than the survey drop of 6. 0 . And a slight improvement from 11. 3 on the prior numbers. So during factory orders german factory orders not shining light on this. Just under an hour away from the start of cash equity trading. Futures are down in europe. And remember, yesterday we were looking at gains on the dax of more than 1 . Then we closed losses of more than
Treasuries and the dollar gain as donald trump valves to disentangle the u. S. From china. The president also suggests heavy taxes for American Companies that create jobs overseas. Of realism. The pound slides as Boris Johnson says he is prepared to walk away from the eu without a brexit deal. The you the u. K. Top negotiator meets Michel Barnier today. And Angela Merkels team refuses to rule out linking the state of novalnyeam 2 to the investigation. An hour away from the start of cash trading. At what futures are showing in europe. Gains of about 0. 4 across the board this morning on the euro stock my widely traded contracts as well as ftse and dax futures. We see u. S. Futures showing a mixed picture with nasdaq futures lower and dow futures higher. You can see nasdaq insurers have leapt up. It looks like we may not have the tech the continuation of the tech slump we saw thursday and friday. Remember, the u. S. Yesterday was lows for labor day closed for labor day. What do you see .
Biggest spike in cases in nearly four months. Good morning and welcome to bloomberg surveillance. I am Francine Lacqua in london. This is what the markets are doing , european stocks moving to the downside gorsuch any trading sideways, despite record highs on wall street. This is what we are also looking at when it comes to gold, always look at gold because it gives you a good sense of where there is appetite, slipping back below 2000 on ounce. We saw declines in utilities outweighing gains in travel shares, of the stoxx 600 actually gained. Up, the chief executive of the Hong Kong Exchanges and clearing joins us for an interview after the Company Posted a record firsthalf profit. That is in a couple. Of minutes lets get straight to the bloomberg first word news. We start with joe biden, it is official. He has become the democraticc nominee for president. The second night saw a slate of speakers, from former president bill clinton to representative alexandria ocasio cortez. Biden himse
The democratic nominee holds a 52 to 42 advantage. Support for each candidate is getting more solid as voting day approaches. Meanwhile, the survey also says that biden has a six percentage point lead in a Battle Ground state with confidence. In hong kong, protests have resumed after Police Arrest hundreds of people. Among other things, demonstrators were protesting the decision to delay Legislative Council elections for a year because of coronavirus. Worlds newcome the coronavirus epicenter, and it has surpassed brazil as the second worst hit country. Cases forrted 90,000 the second day in a row. Unlike the u. S. And brazil, indias caseload is still accelerating fulltime in the u. K. , british Prime Minister Boris Johnson is gambling on a no deal brexit. Johnson will tell the European Union today he is willing to walk away rather than compromise on what he sees as the Core Principles of leaving the block. He has set an october 15 deadline for the deal. The big Sticking Point is the is