Japans chief cabinet secretary is set to win his partys leadership race, ushering in the countrys first change of Prime Minister in nearly eight years. His shot in the arm, pfizers ceo says it is likely the u. S. Will roll out a vaccine this out of aping stocks twoweek slump and oracle wins the bidding war for tiktoks u. S. Assets. The deal is said to be a partnership, not an outright sale. Just under an hour away from the start of cash equity trading throughout europe and in the u k from bloombergs european futures are positive. Futures and euro stoxx 50 futures. U. S. , but bigger gains of more than 1 across the major equity indexes. Futures rising 1. 7 on the nasdaq. Anna good morning, matt. Nice to be back in the studio. Lets get to the gmm on these markets today. Optimism around the vaccine is certainly something we are dealing with once again and a relief to see. Indonesia to the upside, south korea higher, india higher. Many markets moving higher and the msci asia up. 9 . Virus
Hold onto a recent rebound and global stocks head for a second week of losses. The European Union is giving Boris Johnson until the end of the month to back down on his controversial brexit bill. Cable holds at 1. 28. And citigroup names jane fraser ceo, making her the first woman to run a major wall street bank. She faces the challenge that alluded her predecessors, boosting the banks profitability in line with its rivals. Just under an hour away from the start of cash trading in europe. Lets take a look at where futures are pointing here on the dax, ftse, and euro stoxx 50. Futures all pointing down, although slightly lowered right now, with ftse futures off by about 0. 3 . Take a look at u. S. Futures quickly after the drops we saw yesterday, almost 2 drops. We have a bouncing futures bounce in futures. Anna lets have a look at some data out of the u. K. We are getting monthly gdp data. The u. K. Economy growing by 6. 6 in july. It is almost in line with the estimate of 6. 7 . No su
Shinzo abe announces a package with 240 billion. Will europe follow suit . Anna another luxury buyout . Kering has talks on a deal with montclair. In search of consensus, oil eases ahead of todays opec meeting after the biggest surge in over two months. We await the pricing of saudi aramcos ipo. Matt i am looking first and foremost at the pound as i pull up my worksheet this morning, i. Oticed another spike today this is the threeday chart. It looks like markets are getting more confident in conservative victory in the upcoming election, just a little over one week from now. Take a look at the futures in europe. We have trade optimism that started this time yesterday after a Bloomberg School saying the u. S. And china are closer to a phase one deal than the rhetoric would lead you to believe. The japanese stimulus witching , daxes up both in europe futures up 0. 2 , but the futures up 0. 2 as well, and in the u. S. U. S. Futures, green arrows. Dow jones, s p 500 many contracts in the g
Make their singhas biggest theye day moves as move toward a brexit deal. President trump says u. S. China trade talks are going very well. They continue in washington today. Plus, reports of an explosion on jeddahian tanker near send oil prices spiking. Matt we are 30 minutes away from the european open. I have got those oil prices on my screen. This is a threeday chart of brent crude. It has been climbing anyway on optimism for a u. S. China trade deal, so it was already up to almost 60 a barrel. Now it has jumped over that at 60. 40 on these reports, first from reuters, then from the oil news agency that i missile has struck an oil tanker and it is leaking oil into the red sea. Lets take a look at futures here. Weer we saw stackocks rally, are seeing futures rise on european indexes as well. On thet on the dax, and continental indexes, gaining when you have a big rally in the pound, then you expect to see a loss in equities, that negative correlation. Is it breaking down . I know you
We have a lot more on our website and you can also download the bbc news app. But now lets head to singapore and join rico his own for the Asia Business report. To the right, 328, to the left, 321. Ano to the right, 328, to the left, 321. A no deal exit opponents defeat the government and the pound gains on the news. Ahead of the stock market debut of wework we speak to their indian boss. Good morning, asia hello, world. Is wednesday, thank you forjoining us for another exciting addition of Asia Business report. Lets begin with brexit because borisjohnson has suffered a major defeat in parliament with tory rebels and Opposition Mps defeating the government, the first stage of their attempt to pass a law designed to prevent a no deal brexit. After falling to a three year low, the pound posted a brief rise against the dollar on the news. Our Political Correspondent told us what happens next. Tomorrow there will be a debate and a vote in the house of commons on a law that the Opposition M