Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. This is what the gap. There is a big movement on europound. That is what i would be watching. Also data coming in better than expected but really still under 50 at 41. 7. If you look at the data, the story on the markets is exactly what is happening with euro pound. Now, the fact that france is now floating a veto threat over the brexit deal makes a lot of Market Participants very nervous. I am looking at our live blog, in 2020 at funny expecthe basically says eurosterling to appreciate rapidly through the september high. Leaplks about ready to Tall Buildings if the trade talks fail. Overall, looking at global stocks really pausing for breath after record highs. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Expanding the lockdown in germany for three more weeks until january 10. Reassessrkel wants to the restrict
Improving but another environmental problem is piling up that is medical waste. And sport further talks are taking place to discuss English Premier League footballers taking a pay cut a deal is being negotiated that will see players salaries reduced by 30 percent. So the u. K. Government is holding its Daily Briefing on the current virus lets take you live now to downing street in central london. With covered 19 symptoms but the action of hospital admissions in england and wales has regional differences in the number of admissions folks like between the 1st and 2nd of april admissions a study in wales but in yorkshire and the northeast by 30 percent. And in the middle and the rate of hospital admissions has gone up by 47 percent 708 people have sadly lost their lives as a result of cover 19 the highest daily total yet recorded and that means that of those hospitalized in the u. K. The number who passed away now totals 4330 those numbers emphasize again the importance of maintaining soc
As demand dips and price wars loom with brent reaching its lowest level since 2002. Awe quarry tet of eurozone banks scrap their proposal after the ecb wants to preserve cash until october in a bid to maintain liquidity the number of confirmed coronavirus globally has risen 723,000. The death toll has risen to 34,000 germany and france have started lockdown with germany. The number of deaths in italy has fallen for the second straight day tough restrictions remain in place. Elsewhere china says it has posted a drop in new cases for the fourth consecutive day as beijing battles against a second outbreak of the virus. How are the markets reacting to it markets are trading on the back foot in europe. We are seeing some pretty substantial losses coming together in the early hours of trade. Ftse 100 down 2. 6 in the germany the dax is holding up a little better, down just 1. 4 . A few sectors are getting a particularly hard hit this morning after some analysts weighed through the impact of
Futures reverse losses as the u. S. Senate reaches an agreement on a 2 trillion stimulus plan. Trump said he would like the running by easter despite warnings from local health ans and his own professionals and europe as ases a bailout fund finance ministers lay out the next phase of their fiscal response. A stimulus plants given a assets. Risk we had the best day for the dow since 1933. S p 500 having their best day in at least 12 years. Futures on the front foot. After the best winning streak in years for the dollar, 10 Straight Days of gains taking it to a record highest thats one perhaps of de funding stress easing in markets. Yield, weve seen a gold. In oil and some of the forced liquidation in markets seems to be subsiding. To the top story. The u. S. And the white house and democrats have reached an agreement capping days of sent on negotiations that shock waves through markets. Its great to see you. So what do we know . It seems to be light on detail at the monument but run us
Years. Never any miscalculation of where each of us stands. I think that is critically important in our relationship. German economy minister defends blocking several high profile investments telling cnbc that berlin must diversify its economic partners. All eggs in one basket politics is wrong. With the war in ukraine, what seems to be very soon turn out in one the collapse of ftx sends shockwaves through the industry as binance pulls tokens and urges other to follow suit a few bad actors do not reflect the whole industry the industry goes through ups and downs. We have more bad players in the industry the industry is still growing. The democrats defy a red wave holding on to the senate with wins in arizona and nevada and republicans hope to secure the u. S. House good morning very warm welcome to the program. Xi jinping has landed in bali ahead of the long awaited meeting with President Biden that is set to take place in half an hour it will be the leaders first facetoface meeting si