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
Bloomberg surveillance. This is what the market is looking at if you look at equities. Is what the focus happened with china. Most european stocks are rising following the rally in asia. The offshore yuan falling after meantinese central bank to restrain the rally. Lets get straight to the bloomberg first word news. There is renewed sparring over stimulus in washington. President trump and House Speaker nancy pelosi hit at each other over the lack of progress on a new rescue package. Kudlow said he expects the two sides to continue negotiations with that a new deal isnt essential for the u. S. Recovery. President trump is no longer considered a coronavirus transmission risk. The white house physician says he has met criteria to end his isolation. He said the president s symptoms have improved but didnt say the president tested negative. The president has a rally planned in florida later tonight. The world bank is still in oil fields despite pledging to fight climate change. Thats binde
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
Effect. Is still flat,n and we are watching the korean won, seeing some slight weakness this money. Indonesia is coming on the line at the moment. Chinese stock continues to extend these gains, after the reopening of the holidays. Pointing positive as well. We are spending some Inflation Numbers coming out of india. Where watching the commodities of course. That slide in for the second day. Supply constraints are starting to ease right now. Bolivia and its biggest both owed could be at capacity. And a bit ever treat in iron ore. A bit of a retreat in iron ore. Tom there seems to be potential for the currency to resume gains. Lets discuss now with fred neumann, cohead of Economic Research at hsbc. Let us bring you an update on the nba. The l. A. Acres definitely l. A. Lakers have beat the miami heat. The l. A. Lakers have now won the chairmanship 17 times. This puts them toasted so the caltex. Season one longest record. The nba was effectively frozen out by the controversial tweet back
Launching legal action against u. K. Dozens of people arrested in hong kong as thousands of police try to stop prodemocracy protests on Chinas National Day. So we start with azerbaijan where they azerbaijan and the media are defying International Calls for a cease fire to the fighting in a go to car back the president of france russia the United States of issued a joint statement deploying the loss of life in the disputed territory and called for the warring parties to regime talks on account of her backers internationally recognized as part of azerbaijan but controlled by armenian separatists a flare up in fighting over the past week is the deadliest in decades both russia and france say they have evidence that syrian masteries have gone through turkey to join the fight on behalf of azerbaijan turkey denies the claims peace do a place you dont we havent. Mation today that is very clear that indicates that fighters from syria have lifted their then members of jihadist groups and they t