In terms of iran and the risk to exports directly out of iran, thats about 1. 7, 1. 8 million barrelS Per day. And obviously those, the Export Facilities in iran, are those probably at greatest risk in the aftermath of what happened on tuesday night. But i think, you know, weve had a muted reaction, partly because markets are still focussed on a comparatively weak chinese economy and expectations that the Oil Market more broadly next year is looking like it may head into surplus. So, you know, very much mixed messages at the moment coming out of the crude market. Lets go straight to New York and get the latest from our correspondent there, ritika gupta. We saw there prior to starting to rise once again, particularly off the back of those comments by president biden. Explain what he said. We are seeing biden. Explain what he said. Are seeing Oil Prices spiking after the back of president biden s comments, saying they are considering the possibility of israel launching a counterattack on
Cases are stuck. If you go back into lockdown, you will have a revolt. I am more interested in china. We broke the story that they are looking this was reuters they are looking a little more when it comes to renminbi. I did spend a good of time looking this up, on sunday, china clearly said it was trying to push to have a bigger international this means more pboc report. Reutersst report from we broke saying that china will remove a countercyclical factor in the yuan bay point in that direct and may point in that direction. Halt, shelf will its plan to let hedge cut to let hedge funds conceal stock holding. That is a big decision. That is just breaking. Thatll have to see where leads this morning. Futures up six. Dow futures up 20. We will do the data check in a moment. But now, first world news with ritika gupta. Ritika Amy Coney Barrett has been sworn in as a justice of the supreme court. Boothsst of two required administered. Every republican but one voted in favor. Chief Justice Jo
Surpasses its nordic neighbors. We hear from magdalena andersson. Good morning, good afternoon, good evening, everyone. This is bloomberg surveillance. Im Francine Lacqua in london. Lets look at the markets to give us a sense of what they have been doing. Stocks in europe are rising with u. S. Equity futures. Easingconomy lockdowns in some major countries seem to be Calming Anxiety because geopolitical tensions between the u. S. And china. Shares off in hong kong and sydney. Treasuries dipping in european trading after the threeday u. S. Weekend. I am also looking at wti. That is advancing past 34 per barrel and new york in hopes that the market may actually rebalance after historic output cuts. Lets get straight to the bloomberg first word news. Virus hotspot of europe, yesterday, italy reported the fewest new cases since february. Daily fatalities in the country were below 100 for a second day. It comes as the global death toll tops 340,000, with nearly 5. 5 million cases. Prime mini
Or you can see i simply tonight was in this introduction and welcoming ceremony was cool i thank god i was cool i was a thank was thank you thank you. This is the National Things it seems because he has to be taken into that and. I thank you in there were thanks thanks. Thanks thanks thanks. I thank you i thank you. Thank you thank you. I. I ok ahead of the meeting president putin these 2 gave an interview weve been playing out over the course of the morning with a number of Arab Networks including all to our big he said russian a tough a great touch is great importance to this visit and considers it an installer its also noted that in recent years the policy of study russian relations has changed quite dramatically and russia now considers soundview arabia a friend moving the nation. Workers and away from almost an interesting projects thats already being implemented its in the mix of the importance of joint efforts to resolve the regional crises emphasizing. There is a positive role
The list and flat screen televisions this will take pressure off retailers ahead of the Christmas Holiday season still other product that will get hit. Only a little pressure. Because in the breakdown that some conducted for the items hit with tariffs on september 1st versus december 15th there are still tens of billions of dollars of foot wear and apparel categories that will be included in september 1st you have Musical Instruments, sporting goods, and a lot of food items that will be hit on september 1st. Musical instruments, is that a big market in the United States chinese made Musical Instruments . I dont know im happy that today youre serious today. It is a big show it is a big show. It is a big show every day thats the part that bothers me sometimes it is not. You say it is. Other times he says i will be honest with you. Im like really . Thats nice. In this one vignette you will be honest youre not always maybe honest but you say its a big show every day. You have backish today