10ly plans on spending billion euros a month. Biden uses his first call with Boris Johnson to reaffirm his support for the good friday agreements. A lot to talk about this morning. Under one hour until the start of the European Equity trading session, futures look flat. Ftse futures, dax futures, a bit of a mix. Yesterday europe was up strongly 1. 5 or more on the major markets by the close. We come into today with a continuation of themes of the previous day, selling out on tech, getting back to value. Lets get to u. S. Futures, looking more buoyant and having to do with what we did not see in the u. S. Session yesterday. Things are not as strong across the board. Nasdaq down by 0. 3 . U. S. Futures looking have we seen that rotation playing out in terms of the tech versus value story . It is in play in asia. It is inch deceit a japanese equity market doing well. See the interesting to japanese equity market doing well. Part of this has to do with what is going on in tech, a crackdown
Highs on the news with the money flowing to value and cyclicals. Havens are clawing back some ground today. Retaliation. The European Union will impose tariffs on 4 billion of u. S. Goods starting today. The eus trade achieve calls on both sides to drop countermeasures. A very good morning. If you think about it, we had that tantalizing, parabolic move, i would say, in this market yesterday evening. I was here late. Isar rationing around the markets i saw rationing around the markets. This morning, we face i suppose reality. Feels like a massive night out and this morning was a bit of the hangover reaction. Michael purves says it perfectly, talking about the vulnerabilities of the vaccine narrative. If the republicans gain control of the senate, this is very much so for them less onerous to want to do a fist lee onus less onus for them to want to do a big fiscal package. Lets take a look at what we did see yesterday, that euphoria manus is talking about. I want to show you the close ye
Stocks into value encyclicals keep up . Havens are bringing back some ground. The Federal Reserve warns there could be major downside for asset prices if the Economic Impacts of the virus is not mitigated. Will a vaccine or stimulus come soon enough . Welcome to the program, happy tuesday. Picking news from the u. K. , jobs data giving us a picture of the damage done or avoided on the u. K. Economy. The unemployment rate, a three month figure, we get an ,nemployment rate of 4. 8 exactly what was anticipated. It was on the rise. Very cushioned by the furlough scheme over the summer, and the end of september. Where we are on the jobless claims number, we have i go to this because we do not have survey data but it is interesting because it is october data, a little more impactful. The jobless claims change down by 29,800. , that looks lower than the prior period. Some of the data seems an improvement on the previous period. I go to that redhead line on the u. K. Unemployment story. 164,00
He worked for many years in the foot ball he worked for many years in the football in the United States with the word is used combat that that was something that he used by default but except that he should not have used it. And he also said it wasnt language that was regarded as acceptable in this country. Nonetheless he has resigned and he is going. Thats greg clark. In the last few minutes, habitually well get some the Prime Minister has disclosed that hes spoken to the us reaction to the claims. John barnes president elect, joe biden. Borisjohnson says hes looking forward to working with the new us administration. The former england footballer is on the former england footballer is on the line. Thank you for speaking to in a tweet he says, a skill you just heard this as we have in the last couple of minutes, what you make of his decision to go in the light of the controversial remarks have caused . Its a question of whether he has decided to go solely for the remarks he made or whe
The us attorney general takes the unusual step of authorising federal prosecutors to investigate allegations of voter fraud in last weeks president ial election. The uk Unemployment Rate rises to 4. 8 in the three months to september compared with 4. 5 in august with redundancies reaching a record high. The education standards body for england ofsted warns that some children have regressed in basic skills and learning during the pandemic. And coming up this hour. Researchers say the discovery of a two million year old skull in south africa has uncovered a new chapter in the story of human evolution. Hello and welcome if youre watching in the uk or around the world and stay with us for the latest news and analysis from here and across the globe. Well bring more on the vaccine news in a moment, but first our breaking news that the chief palestinian negotiator saeb erekat has died at the age of 65. He had suffered Serious Health problems for several years before contracting coronavirus la