Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed
The bill awaits signoff from the president. Akron turns up the heat. France threatens to veto a brexit deal if it does not like the terms, piling pressure on the e. U. Not to make further concessions. Welcome to the program, everybody. 7 00 in london. 8 00 in paris. Lets look at the futures. We are fairly flat on futures. The young stock x50 futures flat. Yesterday, we saw some decent gains for the ftse, up by more than 1 and that was a standout compared to the rest of europe which was more mixed. It was mixed in the u. S. Session as well. We did actually see a bit of a late rally in u. S. Equity trading, up to some of those new highs we were talking about in headlines. All of that in the context of the hopes and dreams around u. S. Stimulus. The concern about what can legitimately be done in the shortterm and a lot of hope around vaccines. Perhaps oncent day some parts of the equities space and a late rally in the u. S. Yesterday and we are now pausing. We are pausing somewhat here. W
Higher. Eurodollar up by 0. 4 . Is the ecb getting worried at this point . 1. 2163. The dollar is broadly lower. The pound just taking out 1. 35. We havent been at these levels since this time last year. What is fascinating here is what is happening with bond markets as well. Weve basically got yields and stocks moving in the same direction. That is something that is pretty interesting now. It certainly points to this reflation trade at the moment, with the catalyst still having legs. Alix the question is how long is that last. Lets dig into some of the top stories guy was minting. Germany extending its partial lockdown. Sweden shutting some schools as well. Joining us with more is sam fazeli, Bloomberg Intelligence senior pharmaceutical analyst. We have seen more targeted lockdowns and extensions. Is any of that working now in europe . Sam yes, they are. Funny that we have countries going at different paces which is normal because they have different issues with regards to the number
The vaccine is expected to be highly effective at preventing symptomatic disease. And very effective at preventing severe outcomes from the disease. We believe that this data, these data are robust and should be clearly sufficient to enable the emergency use, authorization. In the u. S. , we anticipate that the benefit of the spec scene is going to be quite significant. We really look to the ability to deploy this initially under emergency use authorization. Also coming up irans top nuclear weapons, scientists murdered tehran, says the weapon was made in israel. It was the u. S. Involved. Is the u. S. Now a target for retaliation, but they sink to proportionally act it was very difficult for you dont to kill a u. S. General so they would try it made me once and theres a way, but the timing once again is not the best. But to our viewers on p. B. S. In the United States and all of our viewers around the world, welcome, we begin the day counting down the day is how long will it be until t
Crop prices, reforms ruin their livelihoods, and they are prepared to bet a hat on to the sports. A frightening crash in the east racing fans. Restless a formula one driver will moan, escapes with is like 2 blocks away from a great ball of fire. I mean for the most unwelcome december is beginning with a race for a functioning coronavirus a back seat. Us drug firm would turn us asking for emergency approval off its covert 1000 vaccine and both europe and the united states. It could be in use in the u. S. Within weeks. What ernest product would speak of a 2nd drug likely to receive special authorization following another, developed by pfizer and of german partner biotech. Finding effective vaccines is a crucial part of tackling the corona virus pandemic. With madonna filing for emergency approval of its vaccine on monday, it could get the green light before Christmas Eve and year vs orders that are advisory meeting is likely to be on december 17th. If you hype or see boiled up between th