Television worldwide, good morning. 11 days to go on the election. What are we trying to do . We are trying to get through friday. This is a serious time, a serious debate last night. This pandemic has worsened worldwide. The challenge of a 3 trillion deficits. The civility of last night was noted. Jonathan it was civil. It was muted. But stark differences on the outlook, particularly over covid. The president promising a vaccine within weeks, and biden focusing on the failures of the administration and the winter ahead of us. The Vice President talking about winning hope over fear. That really goes to one of the themes this week we havent talked about, which is the partition of economic america. Lisa the idea that the jobless rate perhaps is going down, but stagnant at one rate. We got those initial jobless claims. The number of permanently unemployed americans, frankly those around the world, is increasing. It is going to take a long time to remedy some of the scarring taking place.
The nasdaq up 1. 3 , and the vix is at 52. Obviously it is going to be a volatile week. We have the 10 year yield at 61 basis points at the moment. Any number of things moving these markets. Guy i think in many ways, youre right. It is going to be a volatile week. We sibley dont know what is coming down the pike towards us. Is an ok opening. Considering the numbers we had over the weekend, considering what is going on, this is a very undramatic open. It is placid by comparison to what you couldve expected. A couple of exceptions, the. Obviously a couple of exceptions, though. Obviously, what is happening in the crude market is something to be paid attention to. Take a look at the contango in brent crude. It is terrifying. Take a look at btu at bdp yields in italy. There are problems still very much unresolved. Some of those problems exist here in europe. We are waiting to see what is going to happen with corona bonds, etc. , and whether europe is going to stick together. Youve also got
Anna it is 6 00 here in london. Lets talk about what happened in the u. S. Markets. Guy looking quite nicely untold the pictures and headlines appeared. This is the s p 500. If we zoom out a bit further there it is. That is the point at which we see the greek writing. Anna show what happened yesterday. Guy that was really positive. Probably a tail coming through in todays session. The greeks having a Global Effect once again. Anna we broke the longest rally in u. S. Equity since january. As you say, the netflix story complete the different up 10 . And internationally annaguy you are one of them. Anna this is a business growing fast internationally. It is the fast performer on the s p 500. Guy lets turn to athens where lawmakers passed the bailout that keeps them in the euro. For now. Alexis tsipras pitched his deal as the best for the greek people. Despite the fiscal measures and restrictions, we are capable of a lot in this country, which will serve the benefit of the majority and res
Very interesting. It is an a 2007 low. 10932 a week euro down a 10th of 1 . The big points, today boys come out today. Of course, on greece, janet yellen finishes her testimony over in the states. He speaks in lincoln of all places. Across europe, it is on a sixday winning streak. We are not going to make it seven. The cat 40 is pushing high as well. In the equity market in france just to get some stock movement. The big news was the watchdog in the u. K. In the Telecom Industry keeping and i on this particular company and the possibility of a breakup. They might have to push out the opening. Bt group down by 2 10 of 1 . Stock goes up by about one third of 1 . Climbing the most in some five years. Up by 1. 2 . That is in europe, lets head out to asia to get an asian market wrap. Yvonne good morning, jonathan. We see out of this greece drama there are new bailout terms anything in the green as a closed on the trading day. Shanghai, what a volatile day. A fourday winning streak for the n
Of an explosion on a train renaultnissan targets annual sales of 14 million vehicles, by 2022 as the automaker lays out its bullish sixyear strategy. And Ceo Carlos Ghosn tells cnbc he is confident in the french governments plans to sell down its stake. They said they want to do it at the moment where the market is more favorable, which i understand, which i understand yes, i have no doubt on the fact that they will do it because they said so good morning, its friday. We have more bad news to deal with when it comes to another Missile Launch over japan coming from north korea and the unfortunate news coming out of the London Underground before that, lets get to the stoxx 600. We are lower to the tune of 0. 2 , despite the fact that european stocks are set for the best week since july investors by in large shrugging off the latest news out of north korea. For the week, we have done well. Seems like were finally recovering from this summer dip we have seen in large part because of the st