Surveillance. Im Francine Lacqua in london. This is what your markets are looking at. Markets looking at the Credit Suisse spying probe escalated by the regulator, partially looking at that news. European stocks opened pretty strongly higher. The euro falling, futures advancing. We are getting data on jobs and the economy. If you look at the adp employment report, it may signal that the pace of employment in the private sector may be bouncing back. Coming up, despite a bumper month for many stock markets, 50 of new money has flowed into fixed income. You can hear more about that on our new weekly show etf iq europe, that starts in about 30 minutes from now. Thes get straight to bloomberg first word news with leighann gerrans. The u. S. Economy needs new theulus to rebound from Coronavirus Crisis according to treasury secretary steven mnuchin. He started a conversation with House Speaker nancy pelosi amid negotiations on a relief plan, but he stopped short of offering a fresh proposal t
The show. A oneday day holiday on monday. We have seen initial gains of 85 , but still a healthy debut. A big ipo in hong kong. Smic is picking up 3 despite reports earlier. Gaining and alibaba is also up, close to four points. Currencies it onto in terms of cnh. It is around the level that it was fixed at. Pound, between brussels and london, increasingly concerned. It is currently down. 4 . 39, 1. 7 . Yvonne how they are going to reopen is still the key question. More than 4 incline. A rallyting a blip for reversal. Thisrine, we have seen text selloff just for a bit. Thisthat it can lead market at the moment or i looking too tired at the moment . On one side, you see the market really being driven with a lot of liquidity and strong retail participation, also in the u. S. , so i know it is contrarian, but when you look at the sectors, some of these companies are delivering on earnings. Fundamentalsat the and these companies that can achieve earnings growths. What kind of correlation ar
Added to studying the feasibility of a megamerger. Of helping understate a pay packet of carlos ghosn. We had a wave of dealmaking creating positive sentiment. We had a rebound from last week, one of the worst weeks for u. S. Stocks since march. Tech stocks taking a breather from the selloff. Asset futures trading modestly. Watchl continue to trading when it comes to japan. Potential takeover for Prime Minister the middle of next week, futures are looking flat after the yen starts to gain in the monday session. We will watch for details about the cabinet and what it means for policy continuity playing in two sentiment for the japanese markets. Dollaryen holding steady. Modest dollar weakness overnight. That is set to continue. At 37. 40. Trading opec joining a chorus of voices suggesting the era of oil demand is deteriorating. Demand forecast for each quarter as we continue to see shortselling in the oil market. To a series ofrn deals we have seen. Oracle is bidding for tiktok u. S. Op
The recovery is under threat from the covid19 resurgence. Frydenberg says the other plumbing rate will jump in the coming weeks. Economy and the government handling of covid19. A look at howake we are shaping up for a new trading week in asia as the market continues to search for direction. U. S. Stocks trading close to fresh highs. We had the stock market up for a fourth straight week friday amid albeit light volumes. Up. 2 this morning and asia and we are seeing positivity going into the start of trading in japan. We have one report Prime Minister shinzo abe is headed back to the hospital so we will continue to watch that story. And the potential applications for policy continuity. Japanese yen Holding Steady at 105. 86, with a rebound in the friday session. Rise in u. S. Treasuries. At 42. Crude trading 49, ending the last week its advancering in asia. Shery lets talk about china. Beijing is offering support to strengthen hong kongs role as an International Financial center. For mor
Con officials the central bank will allow for higher inflation. Appropriate Monetary Policy will likely aim to achieve inflation moderately above 2 for some time. President trump officially accepts the republican nomination as he makes his case to the American People blasting joe biden as a socalled threat to the nation. Despite all we have achieved is now in danger this is the most important election in the history of our country. Developing news about Prime Minister shinzo abes future lets go to the Live Press Conference now to the confirmation and the support of the people of covid19 and the measures we have done. There have been requests from the local government on covid19 Counter Measures we have been fighting against invisible enemy. We tried to avoid the symptoms to protect the life of people from time to time based on expertise. The government has done its best but many people have been infected and some of them died id like to express my condolences for those victims. At this