Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
Trade, even if we arent seeing it so much in the equity session. Lets bring in bloombergs dani burger in london. People a belot of playing in todays market after the thanksgiving holiday, but there is one cohort still coming on strong, and those are the day traders. If you dive into the charts, you can see they really have dominated when it comes to call volume. We have seen a lot of the robinhood crowd really prefer call volume calls as their option to bet on rising stocks. We have seen some of that call to put ratio plunge to record lows, and at the same time, it is the Retail Stocks which have been outperforming the pros, outperforming the s p 500 as well. What we get in todays session is a continuation of that. When we look at some of the big names here that are favorites of these retail traders, they are also outperforming. Things like talent here, zoom , those haver, zoom had a lot of call options as of late. A lot of them have calls that are expiring today. All of these actually
Down without demand. Ryanair says the risks are skewed to the downside as the ceo called the new lockdown political mismanagement on a grand scale. Welcome to the program this monday morning. Just under one hour to go until the start of the cash Equities Trading session and futures look like this. It will be moving to the downside. The u. S. Session on friday, particular tech stocks taking a hit. You might expect negativity coming through. Lets have a look at u. S. Futures, a slightly different trend for us this morning. No trend, in fact. Fairly flat. Theaw a definitive move to downside on friday. There are a number of themes in play as we go into this, not least of which the u. S. Election and the fed. The chinese data we had out overnight, interesting of course for markets but really from a european perspective, we are focused on what is going on with the left story across europe and we will be thinking a lot about that and talking to our guests a lot about that as we go through the
A stimulus before the election. Nancy pelosi says the white houses offer remains short. Plus, a brexit roundabout. Boris johnson seems willing to overlook the deadline. The finance minister tells bloomberg that a deal could happen at the last moment. A very good morning to you. Manus cranny is off this morning. If you are just waking up, europe is waking up to intensifying efforts to control the coronavirus. President macron announced in 9 00 p. M. Curfew. London could face tighter restrictions tomorrow. And chancellor merkel to germany that the next days and weeks are decisive. Germanys new coronavirus cases rose to a record of 7173. Adding to all of this doom and gloom, in the backdrop, we have yet to strike a deal on fiscal stimulus or brexit. Lets look at where we trade this thursday morning in the markets. We are riskoff. Lockdown measures across the continent coming back into focus. It looks likely we will not have a stimulus deal out of the United States before the u. S. Electio
Of tech trade war, while the streaming giant netflix misses estimates. Welcome to surveillance. I am yousef gamal eldin in dubai. Assetse risk eye firmly bid, the state of play of the s p 500 currently called substantially higher after of course the earnings picture continues to fill overnight, including from netflix, which came through with a miss. Latest lawsuit and the uncertainty in stride. U. S. 10year finally Getting Movement in the last 10 hours. We are at 81 bits, and the selloff really taking a little bit of momentum over the last few hours. Behold yield curve beyond five years is trading at four month highs. It is not a volatile rising bond yields. It is doing nothing to help the dollar, though. On the currency note, you have traders testing the chinese governments tolerance for a strong yuan. A major move in the u. S. Fx space keeps rallying, no matter what officials you doing. Gold getting a list as well, up. 7 . Keep an eye on that trade is what Billionaire Hedge Fund mana