Concede and what this means for trade deals with china as well. Don i read about the trade deal. It is on the back burner for americans because both candidates, both parties are reticent to sign those deals. We can touch on that, but front and center in the nation is the stepbystep, the back, tweet by tweet with the president , but er than that is the pandemic. It was the oddest of weekends. Francine it was a busy weekend, and here in the u. K. With news that Boris Johnson, who contracted the virus in march, even went to icu, now having to selfisolate after coming into contact with someone who tested positive. We will have plenty more on that , and the consequences for brexit. First lets get to bloomberg renews with ritika gupta. President elect joe bidens top coronavirus advisers say a National Lockdown is not on the agenda. One of them, the former surgeon general, who says the approach to fighting it is a dial that we turned up and down, depending on the severity. U. S. Case records
We are looking at currencies, strength coming through for the yuan. Dollar weakness is a big factor. Of the planthe back signed off or agreed to on 0. 1 . Us, the euro is up weaknessollar again, down 0. 2 . Hade is still value to be when it comes to chinas bonds, 2. 96 is the yield the. Is the yield. Gold is closing in on 1900 an its spot price. Future is pointing to 1900 in the near future. Il down 0. 7 demandweakness is a factor. Rishaad lets get some sense in all of this. Joining us is frank benzimra, head of asia equity strategy, societe generale. Thank you for joining us. How was your strategy evolving . The last couple of months europe become bullish on , and here politics is playing an Important Role in closing the gap in terms of undervaluation. In asia we have been reinforcing the view on hong kong liquidity. Our remaining strategy is on china. Is that all down to this Recovery Fund and what that presents in terms of a more united cents in europe and the eu itself . A relation
The pound is trading up i about 0. 2 . Ultimately what the extra supply is going to do to the shape of the curve, but certainly, this is what many people have been anticipating would be delivered. Italy also announcing it is going to increase its fiscal stimulus to help the economy out , an economy that continues to remain largely in lockdown, along with the population. Lets get more on how Insurance Companies are dealing with what we are seeing at the moment. The u. K. s prudential is a Health Insurer and asset manager as well. Joining us now is mike wells, ceo of prudential plc. Good afternoon. How is the company being affected by what is happening . Todaywe Just Announced 2019 results, were you had a number of convergences occur. Earnings were up 20 . The majority of our markets in x hong kong come very strong and resilient. It is an indication of what youre seeing now, which is market by market, we still see doubledigit growth in Southeast Asian markets, and as we are sitting here
Into whether its time for investors to cash out or ride this bull wave for another year. And the house of mouse, yes, disney, do it again, adding a sixth movie to its 2019 billion box Office Machine as Worldwide Exchange begins right now good morning im dominic chu in for Brian Sullivan its monday, december 16th, 2019 more than stock futures in the green after another recordsetting session on friday. The s p coming off its 28th record close of the year the nasdaq coming off its 23rd as you can see here, the dow would open up another 55 points if these gains hold into the opening bell the s p up by 12 and the nasdaq up by around 36 points if you take a look at the bond market, we are seeing slight movements there as well. The tenyear note yield 1. 3837 . Twoyear note yield 1. 624 lets go worldwide in the asian trade. It was positive, although a little more muted. You can see there the nikkei in japan, off hang seng off by half a percent. Shanghai, stocks rising to a sixyear high. Data h
Markets are struggling for direction. Stocks in the u. S. Are looking at record highs in markets around the world are trying to figure out how to put that against the fact the chinese economy is slowing. Andpean stocks getting 0. 2 you can see the 10 year yield at 1. 74. A good day to talk policy. Coming up, we speak to the Incoming European Commission her team of commissioners faces a confirmation vote in parliament. Lets its rate to new york with first word news. A worldbeating brexit trade deal. Thats what british carmakers want the next government to deliver. The society of Motor Manufacturers and traders say the key requirements include a friction this border, tariff free trade, and regulatory alignment. They spent more than 5 Million Pounds preparing for the exit from the eu. Of Chinese Industrial enterprise falling for the Third Straight month as Producer Prices continue falling and domestic demand slows. Early indicators suggesting the economy slowed for a seventh straight mont