And fighting on all fronts. The tory rebellion over Boris Johnsons coronavirus powers Gains Momentum as brexit talks enter a crucial week. 6 00 a. M. In london. Annmarie hordern is out for the day. A solo show. Morphing tol risks the center of the barbell. Inmorgan warned very clearly terms of where we are. We are moving toward a point where correction is overdone. Moves from the tail into the middle. It is the size of the risk you have to measure. Lets take a look at what jp morgan has to say. Three quarters of the way done. We have moved straight to the markets. Lets have a little bit of a look. Csi 300 industrial profits up in china. That has bolstered the equity story. Standard chartered shows a moderating in the growth story in china. An eighth of 1 . The s p 500 up 0. 4 . Lets roll it across and have a look at other products on the move. Oil is moving. Its going to be a long road to recovery. The commodities story is reflective of the dollar story, but also this morning in terms
U. S. Treasury secretary Steven Mnuchin said additional fiscal stimulus is needed urgently. The dollar steady after Strong Manufacturing data. Above 1. 20 for the first time in over two years. It does not last long. Does mattere level for monetary policy. It is 6 00 a. M. In london, 7 00 a. M. In frankfurt where they are watching the eurodollar trade. Good to see you. So, volatility. Is the equity market to greedy and the rates market under assuming vol in the u. S. President ial election . Good morning. Annmarie that is certainly what the Options Market is signaling, that this is the biggest event risk to date on record and that is of course the u. S. Election. It signals investors basically maybe being in wait and see mode until november. They want a bullish spread and a bearish spread. Have two exclusive massive interviews coming up this hour im really looking over to. Manus there are a couple of things. We have had a huge month of property deals go through. These are the two leader
Global recession since world war ii. Senate democrats with a Sweeping Police Reform bill. Manus 6 00 a. M. In london, 9 00 a. M. In dubai. I have two pieces of paper, one is the dollar destruction story, is the bondte one vigilante trade it was not really a bear market, but what i like is he says the market selloff was a panic attack. I want to tell you i have had more panic attacks since 2009. I think they are inextricably linked. Nejra it is always great to kick off the show with an update on how many panic attacks you have. I love the daily comments, he has coined another acronym, mother of all meltups. To classify what happened in the selloff is a bear market is if we are talking about a bear market, you might expect more losses to come. If you see this as a panic attack, you could have faith in further games. Erase see the s p 500 yearly losses. We are seeing green on the screen in asia for several days in a row, but weakness in u. S. Futures. What a stunning move, 45 rally from t
Yousef bloomberg sources said this week that saudi aramco earned 68 billion in the first nine months of the year, cementing its position as the worlds most profitable company. That came as a saudi news channel said the aisle the with sharesipo, trading on the local stock is strange. Local Stock Exchange. This is something which has been on the minds of policymakers and Investment Bankers and investors around the world for around three years now. About this delayed once 12, 18 months ago, while aramco was doing the acquisition of a petrochemicals maker in saudi arabia. Two weeks ago, we were expecting aramco was going to announce its intention to kick off this process. That got delayed as the government prepared these numbers you just mentioned, the 68 billion in profit. Now finally, we are expected to see the government and the Company Announced their shale will begin onsale sunday. We are in a tree at we are in riydah where they have some of the worlds biggest investors. There are mee
Reset his presidency after controversial advisors after bannons ouster. How much has changed at 1600 pennsylvania avenue . Juncker Martin Schulz steps up his campaign to unseat her. Challenger Martin Schulz steps up his campaign to unseat her. In the u. S. , he saw the s p and of dow futures starting to turn around. We have green arrows on european futures. If you take a look at the bond trade, we have a threeday chart of the german debt. You can see we have come down in a yield that we are now headed back up. This is the end of fridays trade into today. ,he yield heading back up investors starting to sell a little bit more of the debt and that twitches that pushes the yield higher. We will get some direction in about 28 minutes as we get the market open. What kind of direction do you see from that jim and screen . Screen . Creen gmm manus these are the equity markets across asia. We have more risk coming in terms of political theater. We have a reset on afghanistan this evening and so