Commodities having a positive session the far. Astrazeneca stock is actually down today. The s p is up i 014 . It is a monday. We get vaccine news. Generally it is taken quite well. Cyclicals have a bigger day. That seems to be the narrative that is establishing itself. We do have a euro that has weakened. The manufacturing pmi data out of the united states, and i know the ism is more important in terms of what people look at, but nevertheless, the manufacturing data was strong, and as a result, the dollar went up. It does seem to be something of a consensus now that the u. S. Is simply a few weeks behind europe. You only have to look at what is happening with the eurozone data today to get a sense of how far pmis can fall. Highs,off our earlier off by 0. 2 percent. Boris johnson is currently talking about covid. We are also possibly making some progress when it comes to the brexit story. Certainly today, the big driver is definitely that news on astrazeneca. Alix Boris Johnson saying
Note from Goldman Sachs. Jpmorgan and blackrock saying they see slow market getting into equities. They see that continuing short term. Gold, gas, little change at the moment. Not the most eventful of days, but we will take it. Angie we will take it. We have to take it from the ims, saying the u. K. s decision to leave the European Union is likely to drag down growth not just in britain but around the world. It also cut its forecast for japan and was rather pessimistic on its inflation goals. The imf said it would be challenging for japan to maintain that. It would be agreed upon by japanese economists. It did forecast japan growth to 0. 3 . Yen would not really need an intervention. It would not help to boost the economy that way. It was neither you necessary nor useful. They did say japan should use abenomicsarrows of with particular attention to fiscal policy. It also pointed to wages. Attention to the wage setting process. Japan already has a pretty tight labor market. Even so, wag
Cautiously optimistic on higher freight rates. Brent hovers near 110 aed my amid fears over tensions in egypt after they call for prayers today. Good morning, everyone. Youre watching a brandnew edition of Worldwide Exchange on this final trading day of the week. We are pretty flat one hour into the trading day after those big declines in yesterdays session. Not just on the european markets and also in terms of the u. S. And asian session. We have upbeat earnings reports from the likes of Moeller Maersk. Look at the shares right in the bottom lefthand corner, you see Moeller Maersk, the biggest gainer, up by 5. 5 . This is after the Company Beat Expectations with its Second Quarter numbers and also lifted its guidance for the shipping unit. Well be talking much more about Moeller Maersk later on in the session. I want to show you whats going on in the european markets in more detail. The ftse 100 still seeing a little underperformance, but not flat versus the big declines over the two