22 days to go until the election. Trump trails joe biden in a national poll. Yuan rally hit the pause. A weakerlowed with than expected fixing. It is just gone 6 00 a. M. Really filled with a lot of fingerpointing as mark cudmore points out. No one really expect money from a major new package before the u. S. Election, but they are betting on a monster injection. That puts our focus on the rising coronavirus cases europe is battling, and attention will shift to london. We will hear about restrictions from Boris Johnson. Lets take a look at how. Monday lets see how monday morning is shaping up. Equities, the csi 300 outperforming. Up to. 5 . There is a lot of optimism ahead of president xi jinpings address this week. That is expected to announce reforms to the upside. Trade,. S. Equities of the bond markets will be closed for columbus day. Lets take a look at what is going on across asset. When you look at the currency space, it is about the yuan. A higher dollar weaker yuan. This comes
From the bloomberg terminal. Tipping point Boris Johnson is set to tighten u. K. Restrictions after a spike in virus cases. Italys government also considers stricter lockdown rules. Britains other headache the Prime Minister tells angela remains significant gaps in brexit trade talks. A crucial eu summit takes place. Hursday, and stimulus President Trump and House Speaker nancy pelosi blame each other for a lack of progress on a second package. Larry kudlow says he expects more negotiations this week. We are just under an hour away from the start of cash equity trading throughout europe, and in the u. K. , lets look at futures, indicating a positive open this morning across europe. We have euro stocks futures up 6 . 75 utures in frankfurt up and ftse futures kind of trailing behind, but still a gain of. 6 . Stocxx up. 6 . Gmm . Do you see on the anna i will get to that, but we have some breaking out from london. Iag says sean doyle will become ba, part of iag. This is interesting, give
Treasury market. European stocks are down by 1 . U. S. Stocks are up i. 2 . I also want to bear in mind what is happening with the chinese currency. This is important. 6. 6 four, below key levels. The dollar continues to weekend. The dollar is important, the euro is important, but the chinese currency is potentially very important. Jump inaly reporting a new daily virus cases to over 15,000. The other part of the story, we are talking about trade talks, the u. K. And the eu are ready to sit down immediately with the goal of finding a deal by midnovember after positive contacts between the two sides. Our bloomberg is european politics reporter. Ian, a great way to talk about itting the deal, getting done, was that Boris Johnson was getting his way and getting it done. Ian in the past five minutes, the chief negotiators have gotten off the phone after about an hour long discussion. We have not heard officially what they have agreed to do, but as you were saying, we have reported in the l
Crude down. It was up at one point this morning at 95 per barrel for west texas intermediate. A real rally for oil. Despite todays equity rally, september is shaping up to be the worst months of 2023 with one more trading day on the calendar. Abigail doolittle joins us to talk about this. September is historically not a great month for equities and this month is not an exception. Abigail september is the worst month of the year for the s p 500 for the last 30 years, down. 8 . We are down a lot more than that and we are off of the lows because of the rally. We are down 4. 3 . This makes for the worst month since december of last year. We were heading to the worst month since september. We are down two months in a row. The first time we have seen that this year. About a year ago was when this happened. It is not just the s p 500. We take a look at other equity indexes, we will see a lot of red on the screen and this does not even account for the full month because of the way the graphic
In place. This, as the eu accuses turkey of black backsliding on human rights. Agencyld antidoping suspends the accreditation of testing lab. The latest on the report that could bar russian athletics from the olympics next year. We will hear from the boss of airline easyjet, as the lowcost carrier celebrates its 20th birthday. In the cop 21 Conference Paris is just 20 days away. We will talk to indias environment minister. That, and more on the way, but first, our top story. British Prime Minister David Cameron has said the eu his wish list of how he wants to reform the European Union. European Council President dino receipt of the letter with a tweet. They are spokesperson has called parts of the objective highly problematic, but cameron insists his demands are not mission impossible, but just the price eu leaders have to pay if they want to keep britain in the block. the European Union needs to change, become more competitive to compete with the rise of countries like india and china