Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. A lot going on, because we have Christine Lagarde testifying in parliament. We will bring you anything that comes out of it. The markets focusing on infections rising around the world. They are focusing around the fact that we could see a stimulus. Lets get to the markets. I dont know if we have them. If we do, it could be great, and it would be a good time to look at them. Overall,ok at stocks they are falling along u. S. Futures, tougher restrictions, progress toward a vaccine. We have plenty more of course on that. Astrazeneca at rising amidst positive news on its coronavirus vaccine. We are hearing from Christine Lagarde. We had an exclusive conversation days ago. The focus is on the need for a stimulus. The focus is also on the need for markets to do a little bit more. She said basically the ecb delivered in the first wave. She is talking about the physical packages, on course for a fis
Fears. Republicans are sounding more optimistic about fresh fiscal support while u. S. Virus cases spiral. Good monday morning. 6 00 a. M. In london, 7 00 a. M. In brussels, where brexit negotiations are taking place over the weekend. Lets see where we trade this monday morning. We did not get a brexit deal. What we do see after the friday rally, the s p 500, the doubt, the russell the dow, the russell, all hitting new highs. The u. S. Plans to add sanctions on about a dozen chinese officials. The msci down about 0. 2 this morning. Many futures are down 0. 3 . 10year yield on friday inching closer to 1 , a level we havent seen since march, steepening on the t the largest steepening since 2017. This is on fresh stimulus talks. The pound, we saw some softness. The pound is the barometer for brexit, and brexit negotiations resumed in brussels yesterday. Signs one of the biggest obstacles to a trade deal is close to being resolved. U. K. And eu are hoping to finalize the deal, but another
A big difference and so there is still room for discussion but the hour long acrimonious debate that has been characteristic of these meetings one is trying to avoid today theres been a lot of consultation in the last few days and one is hoping that this paper that has been agreed on will be passed more or less without much resistance part of the discussions about a hard lock down and the impact it will have on business and we issue the meeting of nickel and they state leaders will also discuss compensation. Yes absolutely that will be one Central Point of discussion theres been an open letter today from some of the major retail chains in germany and theyre warning that if a locked on is taking effect immediately before the christmas before christmas that they are going to lose their christmas business that that business is going to be pushed into the internet and they say this could be the end of high street retailing as we know it so there is a lot of stake a lot at stake and a lot o
Union and britain need a trade deal to prevent chaos at the borders in 2021 negotiators have given themselves until busy evening to resolve their differences but not about deadlines appears to be wobbling. Pablo folios welcome to the Program German chancellor Angela Merkel has set the table for a belief Holiday Season a short time ago she announced a raft of tough measures saying they were necessary to bring down the spiraling numbers of new covert 19 cases here in germany so measures that we put into place on the 2nd of november have not been sufficient. For a while we were able to stop the exponential growth. And how did plateau movements but now were seeing a new rise in infections an exponential growth once again and what that means is that many people are dying you have been following the statistics im sure and we also know that we are close to exceeding the response capacity of our Public Health systems and aim was always to prevent this being in the end this is why we must act a
Samples that could explain the origin of life touches down on earth. Ok theres less than a month before the deadline to reach a post brags that trade deal in the u. K. And the e. U. Still at all its british Prime Minister but as johnson and European Commission president of on the land admits that major differences remain the 2 leaders have told to go see it has to keep talking the issues they cant agree on include fishing and competition rules france says that if it thinks the deal is bad its going to veto it they go she asians are expected to start again on sunday. We welcome the fact that progress has been achieved in many areas nevertheless significant differences remain on the 3 Critical Issues level Playing Field governance and fisheries both sides underline that no agreement is feasible if these issues are not solved. And whilst recognizing the seriousness of these differences we have retired a further effort should be undertaken by our negotiating teams to assess whether they ca