Philips beats expectations in the Third Quarter, sending shares higher in early trade this as the dutch Health Tech Company also backs its outlook. The world needs more Productive Health technology, find new ways to connect patients to doctors, overcome the pandemic and philips is very well placed for the coming years to benefit from that. And chinas gdp rises 4. 9 in the Third Quarter as strong growth in retail sales and Industrial Production support the economys rebound. But the data slightly misses expectations so, there are three parts if i can put it more sub sectors and ideas, one, whats going on politically and economically and on a corporate front this week promises a lot of information on all of the above. Maybe not conclusive information. As the u. S. Elections. Such as brexit were getting to a very key crunch moment as well. Because lets face it, weve got around 15 days until americans have their vote, theyre already voting in droves by the way in the u. S. Election. Not muc
Investors taking into account that joe biden could provide a clear cut election when win. We will take a look at what a potential Bided Administration could look like, especially for the energy sector. As newllied again today policies could codify longterm gains for these companies. Oil fell today. Past 24een quite the hours. A tweet storm. To the old adage on wall street, sell the tweet, by the tweet storm. That would explain the next 24 hours. Pulling the rug out of the stimulus talks. Rally overnight in the futures. Should dong we airline aid and unemployment. The market may be interpreted that is some appetite to revive talks. Romaine i guess that is great if you are in the market. If you are in the real economy, it will be interesting to see how much the stimulus will trickle down. What effect it will have on peoples view of the election. We take a look at unemployment rates. Improvement from the most recent jobs report. The last one we will get before the election. Pennsylvania s
Haidi very good morning. Im haidi stroudwatts in sydney. We are counting down to asias major market open. Shery i am shery ahn. Here is how markets are looking right now. U. S. Futures rising at the open. Stockster we saw u. S. Seeing its worst day in about three weeks. Investors were concerned about the prospects for more government spending. We saw some conflicting reports on whether or not that is coming. The s p 500 lost ground, 1. 6 . All 11 sectors were down, led by energy stocks. It also drags down cyclicals and small caps which managed to stay in positive territory. A bearish reversal from the gains briefly seen around the open. We had record cases in europe, fears of a doubledip recession. Take a look at oil because its also under pressure and headed towards the 40 a barrel level. Oil fell in the regular session as well with warning of an uncertain outlook for oil demand. See how things are shaping up for the asian markets. Here is Sophie Kamaruddin. Sophie this tuesday, you h
Identify other key issues the governing council will aim to address in the next few months there is however, one issue on which i can decide today all members of the governing council will agree with me we must complain much bet tort general public what we are doing and why we are doing it and we must talk to people that we do not normally reach this has to case cade through our review, inflation name, inflation measure, tools and effectiveness and how they take into account new challenges that people actually care about housing cost, Climate Change and inequality im fully committed to that. Monitory policy can only be credible if we are sure our goals are true and shared by the people we serve. As an independent central bank, we are and we will remain accountable to them. Thank you very much for your attention. A warm welcome to street signs. If you are just joining us, im Julianna Tatelbaum lets kick off with what we just heard from madam lagarde she was delivering a speech at the ec
Italy is seeing its worst coronavirus numbers yet. The Company Country reported 8800 new cases today, up from 7300 the day before. The number of patients in intensive care also rose. Imposed aime minister series of new curbs on nightlife, social events, and amateur sports as the pandemic intensifies throughout the country. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. London and paris among cities ordered to clamp down and curb an increased spread of coronavirus. Countries looking to avoid reinstituting lockdowns. Lena komileva joins us to talk about the virus and the passing of the october 15 deadline for a u. K. Eu trade deal. Coronavirus