Index, just marginally down. The real story has been the bounceback after last weeks fall for bitcoin, approaching record highs. 19,595. 1. 1 to the upside. Drivings within opec that crude oil price down. Lets look at what is going on in the emerging market context. Asian markets are bouncing back nicely after yesterdays big move to the downside. What has been responsible for this change in mood . , onethink first of all should partly see yesterdays price action as an anomaly. I think the Way Investors are now returning to the positive things like easy fed policy, Global Economic recovery, which was confirmed by asian pmis and the index that just came out, and optimism about vaccines. Juliette and your team has written a piece on the e. M. Currency outlook for 2021. It reads quite positively. What is the basis for all that optimism . Maybe there are three reasons. First, valuation. We believe that emfx is undervalued and conditions should be conducive to pushing them into overvalued te
After the ecb announcement and it has been quite choppy in the u. S. , equities are now lower. All three indices are down. The dow and s p down by. 4 , nasdaq down. 1 . The 10year yield at 70 basis points. Little movement but enough to show there is some kind of reaction. The euro continuing to strengthen. Above 118. We will stay on the euro. Surgeine lagarde say the in currency must be monitored. That only called for the european to strengthen further. Our first guest is lena komileva. A lot to unpack out of the meeting but how is the european economy doing . Economy wasropean recovering quite strongly from the effect of the lockdowns. It is the balance effective switching on and switching off and on an entire continent. Whilst important is that a lot of the conversation is about the top figures, which did recover quite strongly in the early months after the lockdowns, we had quite a great divergence between the sectors. Those most affected by social distancing are lagging behind but
I am Francine Lacqua in london. This is what the markets are looking like. Ofis more quiet because august, not so because of august 2020. The european shares are fluctuating, chinese stocks rally in, and oil up with the opec gathering this week. Travel agencies and Real Estate Companies were the biggest drags in the 600, with the dollar weakening against most of its peers. We will have more on the markets throughout the day, but now, lets get straight to the bloomberg first word news in london. Here is leighann gerrans. Leighann in the u. S. , House Speaker nancy pelosi is calling members back about the postal service, which has warned at least 46 states they may not be able to develop ballots on time for the november election amid operational changes and a funding cuts. President donald trump has said repeatedly and without evidence that voting by mail is subject to widespread fraud. Now, in new zealand, Prime Minister Jacinda Ardern has delayed the general election by four weeks unti
44 states. Ladies and gentlemen, ronald reagan. Good evening. Im here tonight to announce my intention to seek the republican nomination for president of the United States. Im sure that each of us has seen our country from a number of viewpoints, depending on where weve lived and what weve done. For me, its been as a boy growing up in several small towns in illinois, as a young man in iowa, trying to get a start in the years of the Great Depression and later in california for most of my adult life. Ive seen america from the Stadium Press Box as a sportscaster, as an actor, officer of my labor union, soldier, Office Holder and as both democrat and republican. Ive lived in an america where those who often had too little to eat outnumbered others. Ive seen financial ruin in the Great Depression and also seen the great strength of this nation as it pulled itself up from that ruin to become the dominant force in the world. To me, our country is a living breathing presence, unimpressed by wh
Change your nappies and feed you and be the you and put you to bed well i think were in that bit of the cycle with the u. S. Dollar remember the petrodollar was conceived in the 1950 s. But really born in 1981 when nixon took us off the Gold Standard and weve come full circle because remember in the 1970 s. We had the oil embargo wars in the early days of this petro dollar being a full you know u. S. Dollar backed global currency grid and here we have a special report trump told saudis cut oil supply or lose u. S. Military support so apparently in an april 2nd phone call trump told Saudi Crown Prince mohammed bin solomon that unless the organization of the Petroleum Exporting countries opec started cutting off Oil Production he would be powerless to stop lawmakers from passing legislation to withdraw u. S. Troops in the kingdom for sources familiar say yeah well i dont really understand us all saudi relationship anymore you know i mean why are we why do we have troops there and saudi a