The postelection risk rally faltering. Of good morning, everybody. 7 00 in london. Eight in paris or berlin. Lets have a look at the equity markets. Look like europe this. Negative. This is indicative of what we have seen on u. S. Futures or are seeing. U. S. Futures down 0. 5 . Nasdaq futures off their lows but still pretty negative. We are losing our nerve on Global Equity markets. Three days into this neverending election account it seems, the context of course is important. The rally we have seen must have been forgotten when we look at nasdaq futures, up nine, down one. Lets have a look at the gmm. Going on other things here. Oil prices are interesting, down by just over 2 . Dollar, not all about what is going on the dollar. Inflation trade unwinding. Investors wait, the electorate in the United States waits for the counting to continue. The race for the white house is still too close to call. Counting continues in crucial swing states with joe biden catching up in georgia and pen
Covid19. His physician warned he may not be entirely out of the woods. Global stocks still see modest gains. Hong kong maintains its coronavirus social distancing measures. 34 u. S. States see more virus cases than they did a month ago. The cdc warns the virus can spread indoors in the air beyond six feet. Deutsche banks ceo tells bloomberg exclusively it could consider m a as early as next year, but with one caveat. For us, it is important that we are not a junior partner. That means we first have to sustainably increase our profitability. We are just under an hour away from the start of cash trading in europe. We have german factory orders coming out on the ticker. Rising orders in august 4. 5 month over month. That is better than the estimate sorry well, the estimate and the previous reading or both 2. 8 . 4. 5 beat the estimate and the prior reading. Yearoveryear, you have to drop 2. 2 . It is not as bad as the 3. 8 that was estimated by economists, and not as bad as the 7. 3 drop
Damp air is flowing toward the seasonal rain front destabilizing atmospheric conditions and causing rain clouds to develop in kyushu and tokai among other areas. The front will cause heavy rain and thunder over wide areas of western and eastern japan on thursday. Rainfall of more than 50 millimeters per hour is predicted. During the 48 hours ending saturday morning, kyushu and shikoku can expect between 300 and 400 mill meeters of rain. And kanto, 150 to 250 millimeters. So far 59 people are confirmed dead. Four have no vital signs, and 16 others are still missing. In south western japan, a car believes to have a family inside swept away by flooded river water and police are searching for passengers. Kuma village in Kumamoto Prefecture has seen majority of casualties. Selfdefense forces personnel rescued stranded residents who expressed both a desire to stay positive and confusion over what steps to take now. Translator if someone next to me, i will feel depressed so i want to help eve
Protests hammer u. S. Cities nationwide for a seventh straight night. President trump threatens to deploy the military to end what he calls the lawlessness in the streets. U. S. Futures slipped as new york goes under curfew for the first time in over 70 years. As we pointing higher said. The u. K. Virus infection rate falling to its lowest since march. And a second wave of stimulus cannot hurt. Angela merkel looks to broker a deal on a stimulus package with 100 billion euros here as the u. K. Chancellor plans to prepares plans to bolster growth after Emergency Support is withdrawn there. We are just under one hour away from the cash equity trade here across europe. Lets take a look at futures, keeping in mind that the german dax was closed yesterday. It is up about. 5 in terms of futures. Euro stoxx 50 futures, the 6 . Chmark up. Ftse futures up. 4 . They have been positive just about one hour ago, at least partially. Now mastec futures are still keeping their heads above water. We are
House passes and aid package and some corporate bailouts may come at the price of corporate equity stakes. And gilead shares crash as reports suggest its potential covid19 drug flopped in trial. Good morning, everybody. Program. O the we see a sluggish pace reflected in european futures. Much weaker. Features down, plenty of reasons to be gloomy if youre looking for them in terms of u. S. Jobs data, eurozone pmi data. We saw that certainly have an impact. Lets have a look at u. S. Futures. We do see some negativity and u. S. Futures in u. S. Futures. But not to the same extent. As we continue to watch the earnings stories coming in, lets get a bloomberg first word news update for you. The u. S. House overwhelmingly passed a nearly 500 billion. Oronavirus aid plan the white house says President Trump will sign the legislation today New Washington time. Treasury secretary Steven Mnuchin once equity stake in exchange for a share of 17 billion in aid. He says Public Companies critical to N