Boris johnson announces the first step to easing its lockdown. Donald trump combats an outbreak in the white house as he tries to return to work. Vice president mike pence spends the weekend in selfisolation. The European Commission threatens to sue germany. Therong rebuke over Constitutional Courts ruling on ecb bond purchasing. This is the picture weve got. Welcome to mondays program. Of futures, euro stoxx 50 futures up by 0. 4 . Ftse futures upice 0. 7 . Up by 0. 7 . We have seen the nikkei doing quite well. The hang seng doing quite well. Less well in the chinese market, but broadly speaking, positive. In response to a lot of talk about stimulus, we have had talk from the pboc and china, policy coming through in india. Lots to think about in asia. Also thinking about the european context. We will look to where all of that conversation goes. That expectation of fiscal policy doesnt seem to be underscoring the positive move in equities. Reopening gradually, very gradually. Economies
Narrative is that President Trump and the ministration looking to get things back to work, even as the coronavirus is now firmly in the white house itself and the administration. We have the likes of Cardinal Health 5. 2 , and some of the other Health Care Stocks like gilead, eli lilly up more than 2. 5 apiece. Under armour continues the guidance story, not giving any indication of what it is expecting, but says the Current Quarter will be the most impacted by the coronavirus. Shares are down about 11 . The yen we getting today. Stronger dollar once again. Food is unchanged crude is unchanged, 24 a barrel. Guy interesting to see that spread between brent and wti widening out. Lets figure out what is happening in the markets and what is going on in terms of portfolio construction. Riserto gallo from algeb investments is joining us on the line. We are trying to figure out how we reopen an economy in the united states. Weve got the u. K. Starting to think about reopening its economy, or a
That will give you and i . How we are trading. This is at 33, local high. Crude oil is 46 and . 50 46. 50. There are few stocks higher having to do with masks selling, personal hygiene products, and all of the indices, that includes what you would expect, the cruise, tour operators, they are all very much in the red here and in new york. Minutes inive europe, we seem to have found a floor when it comes to stocks flaw when it comes to stocks. Some signs of stabilization. I have couple a couple emails around five to six minutes ago talking about what level the circuit burgers kick in on the s p. People are getting jittery, and those conversations may be why we see some signs of stabilization in the markets. Its too early to get excited. We will monitor it closely. At 390. Toxx 600 im trying to scratch my head and wonder why the euro is up today. I think there is a straight inferential. We have seen the frontend of the u. S. Curve, the two year segment. There was significant buying, and w
Lebanon had sought his release a week before he fled tokyo. Welcome to surveillance, i matt miller in berlin for francine lacqua. Lets check in with what is going on in the markets for the first trading day of the year. The stoxx 600, the broader european stocks index, is gaining 0. 8 . Futures that are rising as well. We could see a positive start in the u. S. We have a ton of pmis out this morning. I just had germany at the end of the hour. 46. 7. 46. 3. E looking pmi is still weak wherever you look. I thing we had italy or france and they were also pretty disappointing numbers. Coming up, a couple big interviews on the docket for friday. Chicago fed president charles fed president the chicago fed president joins our colleagues at 4 00 p. M. London time tomorrow. Set your dvr, because at 6 00 p. M. , we have the cleveland fed president joining Bloomberg Television. Another interview you dont want to miss. Lets get the bloomberg first word news in new york. Happy new year. Iranaqi mil
Bloomberg daybreak europe. Im lizzy burden in europe. Taiwan is hit by its biggest earthquake in 25 years, toppling buildings and disrupting chip manufacturing. At least four people have died. Stocks slide on fears of a slower pace of rate reductions from the Federal Reserve following more strong data on the u. S. Economy. Mary daly says she believes there will be three cuts this year. I think that is a reasonable baseline but i would like to say, this is a projection, three rate cuts is a projection. That is not a promise. Lizzy President Biden in xi speak for the First Time Since november, the white house saying the sale of tiktok was on the agenda. Good morning, we will bring you the latest on the taiwan earthquake, the worst in 25 years. First, lets get to the Market Reaction to the latest u. S. Economic data. We have plenty of that this week. Good news for the economy has proved bad news for markets. It fueled more speculation the fed will be in no rush to cut Interest Rates, and