Staking out its claims on every continent with its sprawling belton Road Initiative impacting how most every country does business officials in beijing as setting the Global Standards intake by drawing up their own treaties and deals and theyve got the up ahead with an immense amount of financial 5 power but chinas also highly secretive fad restrictive the question is is china more of patna old rival. President xi jinping has promised time and again to open his mammoth economy to the world to lead an International Investment and allow for a level Playing Field german executives ive spoken to say its going in the other direction they say chinese officials at clamping down on foreign firms more than ever china and the European Union have been hammering out a comprehensive agreement on investment for 7 years now but after multiple rounds of negotiations theyve basically got no way. The skyscrapers of shanghai have all been built in the past 30 years. Almost all the big German Companies ha
Madrid could announce a state of emergency today. A golden reopening. Beijing is back to work efforts week long holiday. Chinese equities and the yuan outperform. Very good morning to you. 6 00 a. M. In the city of london. Happy friday. Its one week since we learned the president of the United States tested positive for covid19. D. C. Politics is messy. We will talk about that a little bit later. We are 25 days away from the u. S. Election. Some optimism that we have had a bit of shift on stimulus in the white house. Nancy pelosi, Steven Mnuchin, are talking again, but many skeptical we will see support. The hope of that is moving markets this morning. S p 500 futures to the upside this morning alongside euro futures as well. Chinese equities outperforming. We are up more than 2 this morning, 1 00 p. M. In beijing. China is back to work after golden week. Its back with some good optimistic measures when you look at the equities space. The bloomberg dollar index lower against all of g10
Onnce places restrictions more cities. Pedro sanchez calling an extraordinary meeting. House signals it is open to a comprehensive plan shifting its stance as a result. Pushed higher. Gorman goes hunting. Morgan stanley steals a 7 billion deal for the purchase of eaton vance. From our interview with the ceo itself. Himself. Lets look at what futures are doing. Green arrows. See, they are incredibly slight. Not even 0. 1 . The percent missed price indicating a higher open then futures are showing you right now. U. S. Futurest the after stimulus talk. It will more directly affect the u. S. Economy. Nasdaq, dow jones and futures up 0. 4. Breaking news coming through. Lets get to that. First on the macro front. The u. K. Economy, clocking in some growth figures looking to be much worse than the market anticipated. The u. K. Economy grew at 2. 1 in the month of august. The estimate was 4. 6 . We were expecting that rate of growth compared to previous months to come down. A bounce in june, t
Covid19. His physician warned he may not be entirely out of the woods. Global stocks still see modest gains. Hong kong maintains its coronavirus social distancing measures. 34 u. S. States see more virus cases than they did a month ago. The cdc warns the virus can spread indoors in the air beyond six feet. Deutsche banks ceo tells bloomberg exclusively it could consider m a as early as next year, but with one caveat. For us, it is important that we are not a junior partner. That means we first have to sustainably increase our profitability. We are just under an hour away from the start of cash trading in europe. We have german factory orders coming out on the ticker. Rising orders in august 4. 5 month over month. That is better than the estimate sorry well, the estimate and the previous reading or both 2. 8 . 4. 5 beat the estimate and the prior reading. Yearoveryear, you have to drop 2. 2 . It is not as bad as the 3. 8 that was estimated by economists, and not as bad as the 7. 3 drop
President was hospitalized this covert 19 his doctor has not said if he has since tested negative for the us. And germany marks one year since he confessed neo nazi attacked a synagogue in the eastern city of holland killing 2 people get a cursory comes as germanys foreign minister calls rightwing tar the greatest danger facing the nation. Im brian thomas good to have you with us today europe is seeing a resurgence in new coronavirus cases that have now surpassed those in the United States delhi infections have reached record levels in the United Kingdom and in france here in germany meanwhile berlin has been declared a coronavirus hotspot and thats the nationwide search new restrictions are going into effect with the head of germanys main Public Health Institute Warning that widespread infections are likely if people fail to heed hygiene and distancing rules but Officials Say the countrys Health Care System is up to the task. Coronavirus hotspots are cropping up all over germany but l