Against the dollar. The bitcoin bounce. The cryptocurrency surges more than 7 as trading starts on the worlds biggest futures exchange. Are we heading for another new year selloff . Matt were less than a halfhour away from the european open. Lets take a look at how the equity Index Futures are doing with no comment from the on the bitcoin news. You see futures down a third of down. 2 . We saw big gains for futures earlier, so if we have red arrows across the board on futures, that is interesting considering how strong they were this morning about 10 minutes ago. How it is interesting things are starting to turn around, because friday we saw be s p 500 trading up by. 9 . The nikkei overnight is up. Matt i am going to say that those futures were somehow incorrect. I still see strong gains on my bloomberg. The dax futures are up. 8 . I am going to say those should have been green arrows. Guy always believe the bloomberg i think of the message from this. That is the takeaway. 9 . P 500, up
Biotech giant actelion while hedge funds continued to bet on a rival offer from Johnson Johnson. And president Francois Hollande names a new french Prime Minister. Good morning, everyone. Louisa is out at a conference today. We have a jam packed show for you. How about we kick things off with a look at the European Equity markets. We are slightly higher for the stoxx 600. Yesterday we shrugged off the italian no vote and renzis resignation. We are seeing weakness in copper prices, crude prices down. Lets see the xetra dax is comfortably higher to 0. 2 . German Industrial Orders were up by 4. 9 in october. The biggest rise in more than two years. The cac 40 pulling up to a quarter of a percent. The ftse mib, up by 0. 9 almost, this is after yesterday saw some choppy trading. At one point the market was down 3 , up by more than 1 . It finished the day lower by 0. 2 . The italian banking stocks came under severe selling pressure. In terms of the sectors, i mentioned it before, were seeing
Dow futures 380 to the downside, 2. 2 and s p futures down 46. Lauren other big story is the oil market right now, if you look at the quote, 32. 94, so far down in double digits. We are looking at double digits this year. We will have the live reports from beijing, london, chicago. Welcome to fbn am, first look at whats moving in todays markets and what to expect on your day ahead. Nicole kidman lets get back to the breaking news. Globe market selloff is right now. We will go to tracy yu, good morning, tracy, whats behind the selloff in china . Tracy good morning to you, ladies, we had a terrible trading day. We only traded for about 15 minutes. 7 triggering the circuit brakier again. Fell to 10 daily limit only 35 stocks posted gains today and people were really panicking. According to field market insiders i spoke today, the chinese sec, held an emergency meeting but no concrete policy shifts were announced but they did postpone sales from shareholders. Investors continue to sell acr
Program. Joined by mark orton and caroline hyde. Mark barton and caroline hyde. Was, iteal that never did not go ahead with its merger. We got secondquarter figures of how this company is dealing on its own. It could be a troubled secondquarter. There is concern as to how sales is progressing. That makes andny designs the chips. I am not feeling smart enough already. At 2 a. M. Wakeup call. I am not talking about stephen jerod or english cricket. I will be talking about ig group which is the largest spread betting firm. It has a market cap of 2. 1 billion pounds. Res are down seven percent 7 . May the training had been subdued since march. Low volatility, we know how important volatility is to the spread betting firms. A big spike in volatility. Vix index spiked. An increase to see of eventsity because in gaza. We will see talk about the results. Ministers are arriving in brussels. What can we expect . Nice it is toow have mark back . Relaxing he had such a vacation. There is a sense t
Lets check with caroline hyde. The markets are going to be looking at china. They are going to be looking at the United States as well. The chinese effect helping a little bit of green in the markets this one. Ftse up, spain getting a boost as well. The United States traded much higher. They have a bit of an influx, an appetite for risk on the back of the chinese news. Equivalent toan, 81 billion, is being pumped into the five biggest lenders. They are getting each 100 billion yuan. Instead of cutting the reserve ratio requirements, instead of cutting rates, this is an equivalent stimulus thomas so says goldman sachs. Worry about the chinese data . Spending over Retail Service have not been good. Investment has not been good. The central bank is reacting. I want to show you the reaction it had on commodities. Copper, look at how much did move. Up 1. 2 and continues to trade higher, up. 5 . We can also look at the oil market and the effect it had overnight. 2. 5 jump on the oil market.