Resilience in the hong sang this morning. The u. S. House of representatives passes a fresh china sanctions bill. Welcome to daybreak europe. We could use the word resilient to talk about the markets right now. Second day of the new quarter and the second half of the year. We did the Risk Appetite pick up a little bit yesterday after a slow start. The data helping a little bit. What is driving the positive sentiment overnight in asia but also in terms of european and u. S. Futures today is an early trial of an experiment to shot from pfizer showing that the shot was safe, prompting patients to produce antibodies. Thats giving a lift to the markets. Equity markets are moving on that. The 10 year yield this study. Not a lot of movement on the headline level on the bloomberg dollar index. Yesterday withn wti going above 40 a barrel on a u. S. Stockpile drawdown. U. S. Stocks climbed after a double dose of optimism from positive Vaccine Developments and betterthanexpected manufacturing dat
Results, saying the missing 2. 1 billion euros on its Balance Sheet probably doesnt exist. Shift, the bank of england governor saying he gave officials more firepower in future cases. And no holds barred. Slam hongrass set to kongs National Security law when they hold talks today. We are live in brussels. Just over an hour away from cash trading. Arrows inking at red europe, more than one person , ftse futurescks a little down and dax futures off about 1. 5 . U. S. Futures are pointing higher. We see some slight gains, little gain, really unchanged. S p futures up to tens of 1 and nasdaq almost 3 10 of 1 . Gmm . Have you got on the its interesting we see the divergence in u. S. Futures and european futures, a little bit of catchup and European Equity markets. On a fairly flat session for asian markets, at least overall. Some weakness coming through in hong kong as a result of the security law, some more detail on that from china. A bit of weakness in the hong kong market. Broadly, flat
Say, someone who believed that things may not bottom. And i think hes switched. He may say its not in dramatic fashion because its near the middle of his piece, not at the top. I do believe what were seeing is a gigantic amount of liquidity put in by the fed, when it looked like things might go back down that mattered a lot. A lot of companies that dont have great credit are getting money. Thats important we saw the retailers go up last week it wasnt because retail sales were good, but because their credit was so bad, maybe they get a chance to raise money. Ge raising money a lot of companies are raising money that would not be able to raise money. That is going to be a major change to keep a lot of companies out of bankruptcy and in the same way that the oil deal might Keep Companies out of bankruptcy david, you know theres so much debt being issued now. And theres some opportunities for people who want to buy debt, but holy cow, is the government wide open to buying anything on thurs
City county task force on opiates that was done across the u. S. We had 20 elected officials at the city and county levels, intensity officials intent county officials. The mayor of little rock, arkansas, it was a cochair on the city side and i was a cochair on the county side. Youll be hearing from one of those Panel Members today when greg speaks. But our work that was done, seems like ages ago. Well be talking about that. I want to thank those of you here in person as well as those f you that are here virtually. We know this is being broadcast live stream and a special thank you to a. R. C. For your partnership. What we do in county government is all about partnerships. We partner with each other. We partner with various agencies especially great partners like aoc, we are thankful for that. This event is the culmination of a year Long Partnership to strengthen the local response on the opiate epidemic across the 13state region. A. R. C. Is a unique federal, state and local partnersh
Matt u. S. Authorities worn americans to prepare for a can potentially coronavirus outbreak to prepare for a potential coronavirus outbreak. Meanwhile, rio tintos windfall. They report their highest fouryear profit in eight years on a surge in iron ore prices, but the Company Warns of significant uncertainty if the coronavirus persons. And a South Carolina freeforall. Democratic president ial candidates turn on Bernie Sanders and his rivals came to stall the front runners momentum. Matt, let me pick up with whats going on with breaking news this morning. Weve got a number of corporates reporting. Lets get to the luxury sector with hermes. 10. 7 . S up by the estimate was an increase of 10. 7 . Thats a redhead line across the bloomberg this morning. Still talking about ambition, some commentary coming out of the luxury french business. The ceo is saying it is too soon to know when sales will rebound. There is a potential normalization from coronavirus in china. In china, there has been