Merkel is said to have warned germany could exceed 19,000 cases in a day. Trump and Joe Biden Square off in the first president ial debate tonight. Bloomberg television and radio will have special coverage and analysis on the headtohead. 6 00 a. M. In london, 7 00 a. M. In frankfurt and 9 00 a. M. In the difc. Differencell it make to markets who wins technically . Tell you what is questionable, who is the greatest of them all . Slightly schizophrenic in the equity market but do you want to walk naked for the next 30 days into an election and be short the dollar . We will take a look at the dollar. Kitties is the carry trade getting unpacked. The short dollar by the e. M. Buy the em. This is the biggest losing trade out there. Bmp into the election, high vol, there will be a better opportunity. The fx carry trade is down nearly 3 this quarter, adding to the dollar. Do you walk naked into the woods into a u. S. Election with no dollars around your neck . Lets talk about the markets, the
Chipmakers asias chipmakers. And oracle is an talks to purchase tiktok. Reports ap group surge in iron ore. We hear from the ceo this hour. It has just gone 6 00 a. M. And london. Dsia. M. In downtown everything comes back to the price of a bond for me in the United States of america. Stimulus, prevarication what does it do to the dollar, good morning . Annmarie the dollar is in focus. Putting outole research saying the tail wind be the u. S. Election. You and i wake up so early, we got to see some of what is going on in politics. The dnc kicking off its convention. How does this impact the market . That is what we will need to discuss. Will come off the top of the s p. I have get my one favorite line of the day. My quote of the day. Bondholderso says are like boiling frogs. A small kick in rates and they jump out of the pot. Boiling frogs. What an image. There you go. Whoever put that together, high marks on our show. Annmarie we are going to go down this path. My favorite this mornin
Peoples republic with a deploy of military and economic might. President xi stretches national unity. Protests stresses national unity. Protests continue in hong kong. Manus very warm welcome to bloomberg daybreak europe. Moved the rba has moved and it is a dovish move. The aussie has dropped because the rba is ready to do more. Therein lies the point. There is more slack in the economy. I love the french from steven major. The Central Banks are first, at the front, ahead of the game on rates, ahead of the game on language. Have a look at the risk profile this morning, because it is all about the prism of fx and the markets. The dollar is up nearly 3 in the quarter, the best quarter we have seen since the middle of 2018. It would be for hearty and dangerous to bet on rate cuts to take the dollar down. Bmo says it is the most unloved rally and impeachment could draw it higher. Of course, you know, since the end of june, there is a discussion, the aramco story is front and center. That i
Saudi Water Partnership Company (SWPC) has announced the financial close for the Juranah Independent Strategic Water Reservoir (ISWR) project in Makkah. Set for commercial operations in Q1 2027, it will boast a 2 million cu m storage capacity.
Al Dur Power & Water Company, one of the largest power generation and water desalination companies in Bahrain, has announced the successful closing of a $1.2 billion refinancing facility provided by a syndicate of 17 regional and international banks for i