Madrid could announce a state of emergency today. A golden reopening. Beijing is back to work efforts week long holiday. Chinese equities and the yuan outperform. Very good morning to you. 6 00 a. M. In the city of london. Happy friday. Its one week since we learned the president of the United States tested positive for covid19. D. C. Politics is messy. We will talk about that a little bit later. We are 25 days away from the u. S. Election. Some optimism that we have had a bit of shift on stimulus in the white house. Nancy pelosi, Steven Mnuchin, are talking again, but many skeptical we will see support. The hope of that is moving markets this morning. S p 500 futures to the upside this morning alongside euro futures as well. Chinese equities outperforming. We are up more than 2 this morning, 1 00 p. M. In beijing. China is back to work after golden week. Its back with some good optimistic measures when you look at the equities space. The bloomberg dollar index lower against all of g10
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
History in the United Kingdom as they extend the pandemic watch out to march of 2021. Jon ferro, theres no other headline for me this morning. All of us dealing with this pandemic, and Boris Johnson sets us a new timeline. Jonathan jonathan new restrictions on the u. K. Economy being announced today. We will hear from the Prime Minister addressing the nation at 8 00 p. M. Local time. Those restrictions could last a solid six months. Lets get straight to the price action to give people a feel of how things have turned around in the last 30 minutes or so. Equity futures were positive, now slightly negative. In the fx market, the pound was positive. It is now slightly negative. In the bond market, yields were up by almost a basis point. 0. 67 . Y are unchanged at it is a subtle shift, but a reminder of the difficult moment we have ahead of us as we go deeper into the end of the year. Tom so much going on here. We welcome all of you on Bloomberg Television and Bloomberg Radio across americ
We saw a push higher in the session when the governor of the bank of england toned down the speeches we have seen as of late when it comes to negative rates. We will see whether ultimately he has to deliver on negative rates. Apparently the mood music has improved on that for today. Politics when it comes to the btp markets, today we have seen a significant pushback for the Prime Minister against mr. Salvini in local elections. The market has taken that positively. Alix just to pipit off what i said earlier. The eu Leaders Summit is postponed as the eu councile president was quarantined. You had a Security Guard test positive. That Leaders Summit will be postponed. Movement in the market, the dollar jumping higher. Charlie evans says the fed could raise rates before inflation gets to its 2 target. Interesting to see we get that reaction before we get fed chair powell. You are all seeing Maxine Waters speak right there. Lets break down what to expect. Emily wilkins joins us now. Will th
On thursday here in moscow welcome to world news from r. T. International russias accusing germany of using various pretexts to withhold information on the election about in the case of the russian opposition figurehead recently came out of a coma way hes being treated for an alleged poisoning and moscows permanent representative to the Global Chemical weapons watchdog says all requests for data have so far been denied hes been speaking with r. T. The Russian Federation has been waiting for answers from our german colleagues the general Prosecutors Office has sent 2 requests for Legal Assistance unfortunately we have not received any answers there were various explanations from the german side firstly there were references to National Secrets the german said they were afraid of revealing secrets and german technologies during our specialist acquaintance with the results of the analysis in a boon to swear laboratory. Then our german colleagues started talking about the necessity of the