May do versus what they shall do can swing the election just see january 6 and pence s role after the 2020 election for that now was 66 days left until votes are counted. This cycle, there are debates happening over new election rules. In a moment, we ll talk about nebraska and a voting rights fight that you may not know was going on. We re going to zero in on a group fighting for their right to even register to vote but first i m starting with the tension over election rules here in georgia at the center is georgia state board election board, i should say, they pass new rules recently. One would allow election officials to conduct a quote, reasonable inquiry before certifying election results. Another would permit members of county election boards to investigate ballot counts. They sound benign, but democrats are suing. They argue the rules would cause chaos in georgia weeks out from the election, and they want governor brian kemp to do something. Now, this is not just a clean cut fig
Thank you had Industrial Production numbers as well and investment rose faster than expected. Oil demand is suffering a fresh blow from a resurgent of the pandemic keeping frustration on opec members as they prepared to meet this week. It is 8 00 a. M. Across the emirates. Got quite a rally. Futures. E, u. S. Equity not a lot of Economic Data expected in the coming days. A lot of the focus is going to be on the raging impact of the coronavirus not just in the United States but beyond. Percent higher. Morgan stanley joining Goldman Sachs in pinning a positive outlook for equities. Their base case for it to reach 3900 by the end of 2021. 10yearyearolds yields at a dip it gave it a few goes. Fews going to go be a pesky trading sessions. Bowe bergdahl are down. 25 percent. This new trade deal adds to negative dollar sentiment. 1 as we countby down to the meeting. Gathering sion it is not a policy what is underway in the markets over there. We are seeing an 11 session of gains with the Msci
Shortly. Onhave got hopes of progress a vaccine and signals that they are making progress in terms of the u. S. China trade tensions. Both of those really firmly supporting the risk rally that we are seeing. Let me show you the state of play with the stoxx story. The back ofming off record highs in u. S. Stocks. The good times might not last, according to morgan stanley. They are saying the market is vulnerable to shocks, especially rising rates. Treasuries are on the back foot as we speak. We are looking at a weaker greenback. 830. Dollar at 1. 1 yeah,ps a little bit of a strange one given the wider risk appetite. The folks at pimco saying the gold rally is it played out yet is not played out yet. They believe gold remains attractively valued, especially in the context of low Interest Rates. Here are some of the stories we are watching. Both of the u. S. And china are seeing progress under their phase one trade deal. They are committed to the success of that. Senior officials from the
China allows further tarifffree soybeans aheads. Of highlevel negotiations in washington next week. And we see a united front in europe. Joining the United States in blaming iran for last weeks audi attack. President trump is set to deliver his address to the General Assembly today. Morning. Welcome to the european open. The u. S. 10 screen year yield over the past three days. 1. 7 . It trading at watch out for another selloff in treasuries that would spike the yield higher. Remember, we saw on friday the , friday a up to 1. 9 week ago. Take a look at the futures this morning as well. Have gains across the screen. Even dax futures are up 0. 2 . Are going to get numbers in just about an hour and a half from now. Pmik disappointment in yesterday. Investors may be bracing themselves. Nonetheless, buying futures on the dax index. Mark cudmore, Bloomberg Markets life editor markets a live editor. Germany is heading towards recession. Brings, butisk it it is a major drag on the Global Econom
Would be interested in hiking 127. 19. Ut nevertheless, vonnie we are seeing the rally moderating, but we continue to grind up in u. S. Equities and global equities. China mentioning stimulus measures overnight, and that had companies metals rallying today. We are still up about 1 4 of 1 . A couple of stocks to mention, beyond meat down 20 today. Not exactly the worst day for beyond meat, the underwriter saying on a valuation viewpoint, beyond meat is really full at this point. Sprint down 6 , tmobile down with the state attorneys general filing an antitrust lawsuit against the merger. We will have to see how that plays out. Guy we will certainly see how that one plays out. Basically we are in a situation waiting for the cpi data tomorrow. Will that or will that not confirm whether the fed is going to be delivering a rate a rate cut . The trade tension story certainly there as well. We are trying to figure out what the earnings story is going to look like. My big question, why would yo