Boris johnson concedes a veto to parliament over his plan to illegally override the brexit treaty. Slumped after accusations of fraud by a short seller. The selloff deepens even if the company rejects the report. Good morning. Welcome to the program. Lets get to breaking news across the bloomberg. Capex andto go to the eu car sales. European collar sales falling 17. 6 in august after a 3. 7 drop in july. This is the story that we are essentially tracking. Europes car sales setback stoke fears over annual drops. This headline was written by our colleagues at bloomberg news. 18 slump snapped a three month streak of improvement. The result may indicate that subsidies are shortlived. We have seen that improvement coming through. Whether that has been a shortlived experience rather than showing underlying resilience, we will have to see. These numbers are not so good. We will watch the automakers as a result of that. Acrosso to the picture European Equity markets. The futures picture. We ar
Full circle. Rally, caps its 50 briefly touching a record before closing just below that level. The 175 days between peak to trough and back to peak make it the fastest rebound in history after a crash. Stepping up to the pressure. The u. S. Says it will impose extra tariffs on some eu goods from september 1 in its longrunning dispute over illegal subsidies in the airbus case. Plus, no compromise. Democrats and republicans point the finger at each other, as the stimulus debate gives way to electioneering. The two sides still remain trillions apart. Just under an hour away from the start of cash equity trading in europe. We are looking for german Consumer Prices. We are seeing actually a drop month over month of 0. 5 . If you look at wholesale prices from a year ago, there is a gain of 0. 5 sorry, wholesale prices from a month ago. Prices, 0. 5consumer percent drop, wholesale prices, 0. 5 gain. From a year ago, we see wholesale prices that dropped 2. 6 in july. From a year ago, the drop
Global one day record over the weekend. Expects a deeper contraction in the u. S. As the infection rate stateside rises to 2 , but equities prove immune to the bad news with chinese stocks leading gains. Wall street is playing catchup after fridays Independence Day holiday. Vacuum. The power Commerce Bank looks to fill its top jobs as soon as possible in a bid to end shareholder revolt led by activists investor cerberus. Germangetting right now factory orders up 10. 4 percent. Sounds like a big number, but of course, its from a low base and it misses the survey by a lot. The surveyed factory order, the expectations for factory orders soth over month were 15. 4 we only got 10 point 4 . Much better than the prior month s 26 drop and it looks like german factory orders and a lot of things may be in this coming quarter may have a similar feel as Goldman Sachs cuts its expectations for u. S. Gdp growth in the Third Quarter. Here, you see european futures, big gains. Your stock futures up 2.
Asiapacific benchmark. Jakarta coming online. Of 1 . F 6 10 u. S. Futures are flat and so are nifty futures. At thatbe looking downgrade of indias outlook to negative. The country at risk of falling into junk status. When it comes to some of these markets, singapore reopening phase two today. The peak p, is the biggest loser on the board. Elevated. Ocks are we are expecting that we could see some action from the pboc in the next coming days. Could we see it in the form of a triple are cut . The chinese bond market has stalled a bit. We are still seeing yields go lower today. Take a look at currencies first. The dollar set for a second week of gains right now. We are watching the pound really closely. The bank of england expanded by qe program. Renminbi is steady around 708. The rupiah, we are focusing on that. B. I. Cut rates yesterday. More easing to come. Trend is steepening getting tired right now. Businesses have fears of a second wave. U. S. 10 year is down to 70 basis points righ
Recovery fund today. France and germany push for an agreement by next month. Its cio. Suspended coo. The stock plummets 67 after a false delay to the report. Good morning, everybody. We are just under one hour away from the start of the cash equity trading day. The final day of this week. It is friday. Thats have a look at the futures and what they tell us right now. We dont see a great deal of movement in any of these markets. European futures suggest a little bit of movement to the upside. U. S. Futures suggesting some movement in an upward direction,. 5 . They do seem to be improving as we go through the last hour or so of the trading session in asia. If we put up the gmm, you can see we are up we are up by. 2 on the msci asiapacific. Making some modest gains. It does seem the risk rally has come to some kind of a pause. Fatigue. Maybe that was the best way to sum up what was going on. Said, it does seem as if Global Equities are oncall to make some global gains, at least for the we