To challenge records. Eu finance are set to meet today. Italy lays out fresh restrictions. Chancellor merkel urges germans to follow the rules. Bmp bounces back, the french Bank Benefits from volatility. A bullish tone on the numbers. If you look at the bottom year ago, andus a nine months, it is ahead of the target we gave for the outlook for the full year of 2020. We are under one hour until the start of cash equity trading. Good morning. Lets look at futures. Some real strength coming through futures markets sees the european picture up 0. 8 . If we look at the u. S. , we get a similarly positive picture. He saw strength yesterday. We have not erased losses from last week. The coronavirus is still very much with us. Yesterday the u. S. Equity markets recovered to some extent, and in europe, the cac 0. 2 . X up by today we see more of that positive trend. We can see positivity coming through in the asian session. Japan is closed, but we have the asian equity session fairly positive.
Futures, big corporates with news flow in particular sap. The guidance has been disappointing for that stock so were watching implications there. But a number of themes for investors as we look at the opening signals on the benchmark, investors eyeing the u. S. Trade and whether we get any progression on stimulus this week, counting down to the u. S. Election and we have tech earnings, thats a feature of the market where were seeing a kshape on markets alsotodriving the u. S. Stock market forward well eye the earnings to see if it justifies what weve seen since the start of the pandemic weve dropped more than 1. 1 , thats a big reversal from the. 6 gained on friday you can see from the amount of red on the market its fairly deep in the negative territory on the market. Oil and gas 2. 1 lower, this is reflecting the spot prices were witnessing as we talk about coronavirus cases, weve been assessing the impact on demand for oil you can see as we go through this process, a second wave of
Battlegrounds to watch in washington, d. C. Is senate is set to vote on the confirmation of judge Amy Coney Barrett after clearing a key hurdle over the weekend. Time to make the donuts. A possible 9 billion deal topping this mornings news that is sure to get your coffee brewing. Its monday, october 26th, 2020. Youre watching Worldwide Exchange right here on cnbc good morning welcome to the show im dominic chu kicking off your monday morning with stock futures pointing towards losses right now. As you can see the implied open for the dow is roughly 308 points to the downside s p is implied lower by about 39 and the nasdaq down by 129 points if these futures holds into the opening bell for regular cash Equities Trading the major averages coming off their first down week in the last three the nasdaq taking it the hardest with more than 1 loss on that side of things on the flip side, youve got the russell 2,000 small caps continuing its run higher. Seeing third positive week in the last f
Then another lock down it will not cut its schedule branding the decision regrettable. The low cost airline posts a smaller than expected loss for the First Quarter. Acquisition, sap shares jump after the German Software giant said it will float qualtrics just a few years after buying it for 8 billion republican lawmakers reach a deal in the next relief bill in a move that will handout payments as well as commit to 70 wage replacement helping to push u. S. Futures higher in early trade. A very warm welcome to street signs we closed out with the flash pmi for july which showed the recovery across europe and now we have the data coming through. The german business index. The german business morale rises in july. Thats the headline. The Business Climate index came in at 90. 5 that was ahead of forecasts. Economists were looking for 89. 3 thats 90. 5. The current condition index, that came in at 84. 5 in july that was a touch below expectation. The current index slightly below but the Busi
Theories can provide comfort you dont like reality create another. The film about knowledge and belief trust and deception democracy of the global stories july 1st on g. W. Time to track the virus germany rolls out its coronavirus tracing out we talk to an expert to find out how it differs from other us. Also coming up the us shoppers have pushed retail sales to record highs but the fed warns the crisis isnt over yet. And crisis weary californians are taking to the streets to demand an end to the lockdown. Hello i want to get johns welcome to a business germanys official corona tracing out this. Up and running the technology can send warnings to us as if theyve been in close contact with anyone confirmed to have the virus unlike some of its neighbors germany took its time with launching its tracing app was it worth the wait an expert on said that after this report. The demo version of germanys coronavirus tracing app was unveiled in late may it has a simple design and its easy to use t