These are your markets. A bit of a move sideways for the europe stoxx 600. Mix the data across the world and mixed corporate earnings. If you look at the banking sector, it is one of the biggest gainers. We have a german manufacturing orders and Euro Area Services pmi for the month of october. Better than expected. Anything above 50 means expansion and we were expecting 51. 8. So look out for any movement on eurodollar and the u. S. 10 year yield. Coming up, we speak to the president of south africa. Come alk about s escom at a possible ratings downgrade. But first, lets get to bloomberg first word news. We begin with the impeachment inquiry for President Trump. The actions of Rudy Giuliani deeply unsettled to ukraine, outlining a quid quo pro. This is in exchange for investigating joe bidens son. Julienior ambassador said Rudy Giulianis role started as perplexing but quote became more insidious. The world has gone mad with free money according to ray dalio. He decried the current poli
We start in washington where in the next few hours President Trump is due to meet chinas chief negotiator vice premier liu he to try and negotiate an end to the trade war that has rattled the global economy. Or at least, to stop it escalating any further. The us and china have threatened to hit yet more of each others goods with import taxes or tariffs starting next week. Without a deal by mid december almost all chinese goods imported into the us, well over half a trillion dollars worth a year will have been hit by punitive taxes. That would mean much higher prices for the thousands of consumer goods made in china even us brands like iphones in the run up to the key christmas period. It would also mean big taxes on the vast majority of us goods imported into china some 110 billion worth, to give you an idea of how this impacts businesses. Two years ago the average tax on chinese goods going into the us was 3 . By mid december it would be this, 24 foreign goods going into china are tax
joins me now, head of autos and infrastructure at fitch solutions. good morning to you. so, this has literallyjust come out, hasn t it? what do you make of this plan? it hasn t it? what do you make of this plan? this plan? it really appears to be future this plan? it really appears to be future proofing this plan? it really appears to be future proofing the - this plan? it really appears to | be future proofing the industry for this shift to evs which is already the fastest growing segment in the market, and that brings with it big changes to the manufacturing side of the industry. we have been looking at something similar ourselves and what will be the megatrends in the industry to 2050 and one of those is automation because evs are particularly well suited by manner of having fewer parts to more automated manufacturing and it has an impact on the skill sets that are required for manufacturing. but notjust are required for manufacturing. but not just the are required fo
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