There is quite a lot going on in the markets mainly because of the threshold that markets crossed yesterday. Lets have a look at what that means for european stocks and even the global stocks rally pausing. We did have the best monthly gain in three decades. Investors awaiting a lot of Economic Indicators that could support the. Rally in risk assets. We have Consumer Confidence and of course personal income. We did have a gauge of asia pacific shares gaining. Above 45 alding barrel, and i also wanted to show you bitcoin and a second, because they were also, you know, within a sliver of a record high for bitcoin. At 19,130. It now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. France will gradually start using its lockdown from sunday. Museums will follow suit from december 15, but restaurants will remain closed. President Emmanuel Macron says vaccinations could start at the end of december or in early january. M
Four days of losses is about to become five. Are down 7. 5 over the previous four days. Cross assets, we look like this. A bid into the bond market briefly in treasuries. It did not stick. It was a treasury market selloff. This morning, it is about yen strength. Dollaryen coming down on 0. 3 . Again. Rude is down 0. 9 mark wheret is that you have these massive producing countries like russia and saudi starting to worry. These are very hard prices to deal with when you try to balance your books. It all comes back to demand. Everything is about demand right now. When you have france and germany going into lockdown, that does not bode well. Euroyen is striking me this morning. I feel that for the first time it is acting like a haven. It is her membrane what it is supposed to do. Jonathan a bit of yen strength. Chancellor merkel giving a wakeup call to her fellow eu leaders. They failed to act quickly stop the pandemic. For more, our western europe managing editor joins us. Walk us through
Good morning on bloomberg radio. Good morning on bloomberg television. It is extraordinary to be the beginning on global wall street of the holiday season, and i can never i can never think, even the tragedy of 9 11, i cant imagine how much of a tragedy this holiday will be with the pandemic. Jonathan the numbers are terrible. We talked about it an hour ago. We started this month with daily infections in and around 80,000. That has doubled in 11 days. If Health Care Capacity gets tested, they will start to introduce more restrictions. Heres the critical issue. Who is going to step in . Where the fiscal policy maker . Bridgewaterf says we have a mismatch between the length of the pandemic and the willingness of fiscal policy makers to do something in equal length. Tom it has widened out, without question. What is so important here is to gauge the pandemic, and we are all doing that on a local basis. You and i, we hear more sirenss again in new york city, and we are all dealing with the
The lower bar for sarah youre watching out is there are live from london also coming up on the program. Ivory coasts government confirms 85 people have now died in violence over the disputed election. Double the previous estimates. Sudan says it fears up to 200000. People could flood into the country escaping the fighting in northern ethiopia. And hong kongs prodemocracy legislators resigned on mass in protest at the dismissal of 4 of their colleagues. The thank you for joining us. The World Health Organization has described europe as a cautionary tale of the dangers of easy coronavirus restrictions. The continent is experiencing an aggressive surge in infections with daily deaths steadily rising towards the peak of the 1st wave in spring. More than 50000. 00, people have now died from cope with 19 across the u. K. , and thats after another 595 fatalities were confirmed over the past 24 hours. Marking the countrys highest daily death toll since may. Infections are also climbing with al
California joins texas reaching one million infections. Picking a statement, President Trump bands investments and firms controlled by chinas military as u. S. Election Officials Say the vote was the most secure in american history. Welcome to the program, happy friday morning. Under one hour until the start of the cash equity trading session in europe. We have a mixed picture in futures. European futures looked negative. Yesterday u. S. And european stocks dropped around concern to the extent we may see new lockdown measures in the United States. We have a futures picture where europe is weaker, wanting to play catchup with latterday losses in the United States. U. S. Futures. 2 the upside. U. S. Futures point two the upside. Nasdaq futures are treated like havens during the coronavirus. Lets look where we are across the broader assets, weakness in china. President trump in the last few months of his presidency, focusing on the things he can still act on. China mobile and telecom fall