Negative after the dows 900point rally boost investor stocks Airline Stocks surge as the uk government signals cross border air bridges could make Summer Holidays a reality weve got european auto sales plunging 76 in april with fiat, chrysler and psa leading declines as the lockdowns cause supply and demand in the car sector a very warm well come everybody to street signs. Lets kick off some fresh commentary tensions really heating up between beijing and washington w. H. O. Is at the center of the latest dispute yesterday, President Trump threatened to permanently halt funding to the w. H. O. If it did not make improvements in the next 30 days now china has weighed in on the comments saying the comments of the u. S. Leaderships letter tries to mislead the public to smear china. He says paying assessed contributions in full and on time is every members obligation the u. S. Letter according to Chinas Foreign Ministry tries to shift the blame of its own response after President Trump yest
Return to public life, as global past 251,000. In hong kong, they say they will relax restrictions soon. Bnp paribas is fullyear earnings take a pounding from the coronavirus pandemic. We will bring you our interview with the banks chief financial officer. Recovery mode. Goldman sachs and Morgan Stanley see signs of the World Economy is bottoming out. Could growth bounceback in the second half of the . We are just not half of the year . Where just under an hour away from cash trading in europe and the u. K. Lets take a look at where futures are after the pounding we took yesterday. Than 4 fell more yesterday before u. S. Stocks rose. We have european futures falling, asian stocks higher. Ftse futures up 1. 3 and dax futures up a little bit more than that. Take a look at u. S. Futures. We see gains there as well. S p 500 many contracts currently percent quarters of a and Dow Jones Futures up 0. 9 . These are todays top stories from the bloomberg terminal. An internal u. S. Government pr
To lift tariffs in phases as the deal makes forward progress, but it may not get signed until december. The bank of england could cut growth and inflation estimates parties the u. K. Major suffer highlevel resignations. Commerzbank cuts its outlook. Good morning, matt. We need to talk about these latest headlines coming through on trade. They certainly move the market narrative. Matt they really are moving the market. Futures were little changed just about 30 minutes ago when these headlines came across. They jumped more than 0. 5 . Take a look at equity index futures. You are going to see big gains wherever you are trading. Futuresfrench, london, are all higher. If you look at u. S. Futures, you are going to see a very positive picture. After these headlines come out, certainly looks like it is going to be a risk on day. That may not be the case for Commerce Bank. Im here in frankfurt to talk to the cfo of commerzbank, stephan engels. It seems as if every time i interview him, he is a
Repeal and replace bill passes the u. S. House. What does this mean for President Trumps ability to turn policy into legislation . Lets talk about whats happening in the markets now. This is the move you are seeing at the moment. European equities opening soft this morning. London looks like its going to outperform just a little bit. We will circle back in just a moment. Probably a bigger focus is oil right now and the rest of the commodity complex. Lets turn our attention there and take a quick look at the gmm. Seeing dollarcanadian dollar down. It is a commodities story. So the risk is up aversion trade is on. The Australian Dollar is under pressure. In some ways, you would expect this to be more under pressure. Were going to talk t about that with mark cudmore. Lets show you the column that really highlights it all. There are a bunch of contracts that you can use for iron ore. This is one of them. This is the deli at contract. It is down at the moment. Entire energy the complex, tra
Lawmaker hiking its full year outlook as sales jumped 70 in the Fourth Quarter. Twitter finally sets the price of its ipo today after the closing bell. The most anticipated tech offering since facebook last year. Very warm welcome to you. We kick off with the final snapshot of the services pmi and the composite. The final services pmi, 51. 6. A pick up from the 50. 9 flash number. The composite pmi, then, 51. 9. It was 51. 5 was the flash of the composite number was picked up, as well. October Services Output prices, 48. 5. That is a slight tick down in prices from 48. 6. Which was the flash number. Euro dollar just moved away from that sevenweek low. 1. 3501. Were traiding between that 1. 34 level and the two of year high which we hit two weeks ago, 1. 3833. Well get more action on the eurozone economy as we go through the program. Also listen to go what ba systems has to say, theyre expecting to act around 1,000 jobs in three uk shipyards. They will make more announcement a little bi