the bloomberg terminal. the 2021 outlook darkens. the world bank downgrades its growth forecast as you covid variance crippling lockdowns new covid variants, crippling lockdowns. xi jinping makes his first public remarks of the biden era in the keynote address of the virtual summit. merkel and macron follow. deutsche bank says it is conducting an internal probe after a report stated that it intentionally sold clients risky investments they did not understand. we are just under one hour away from the start of cash trading in europe. let s take a look at the futures picture this morning. we are looking at green arrows across the screen here. euro stoxx 50 futures up more than .5%. ftse futures getting point gaining .4%. green arrows as well. in terms of s&p and dow jones contracts, we are looking at .3% gains. nasdaq futures up .3%. anna, what are you seeing on the gmm? anna: we saw a nervousness amongst investors, concern. today, we have very gloomy headlines around the pa
a reminder, it is martin luther king day in the u.s. so if you look at treasuries, they are closed today. the focus will be the inauguration, team coverage through the day and special coverage wednesday to understand what policies joe biden will push through and how quickly he can do so. u.s. futures are dipping, european equities also dipping. investor caution at the start of the week, even as data indicates china s economic recovery remains on track. the dollar, and edging up and crude oil. the first word news with leigh-ann gerrans. chinese economy expanded last year the only major nation to avoid contraction. in the fourth quarter, growth rates not seen since the start of the pandemic. nomura predicts china could top the u.s. as the world s largest economy by 2028. germany s cdu has elected the continuity candidate as its next leader. armin laschet closely resembles angela merkel in policy and style. his leadership over the ruling party doesn t guarantee he will be nomi
that janet yellen is set to affirm a market determined dollar level. futures point lower. u.s. markets are closed for martin luther king jr. day. the cash trade is one hour away. here are your top headlines from the bloomberg terminal. six point 5% growth. china s gdp hits pre-pandemic levels, making it the only major economy to grow in 2020. president trump lands a final hit on beijing, halting the huawei supply chain. germany s cdu selects the merkel loyalist as the new leader of the party as the chancellery is set to be considering a nationwide curfew to curb the spread of the coronavirus, plus it s a busy morning for dealmakers as private equity firms and global infrastructure partners match the offer for french water company tie up talks with tariff war with carrefour are tied up for now. we see red arrows. we don t see a lot of size here. although some decent direction. you do see the dax futures are down about .3%. in terms of what you see on u.s. futures, as the n
is being named to run the consumer protection group. there is that screening of the 25,000 national guard troops coming to washington for the inauguration, and according to the washington post they are concerned about extremism among the soldiers. a number of writers who stormed the capital turned out to have links to the military. in china the economy exceeded its pre-pandemic growth rate in the fourth quarter, gdb row rose 6.5% in the final quarter. for all of 2020, the chinese economy grew at a time when major peers such as the u.s. in japan contracted. the u.s. and the european union have condemn the russian decision to detain the opposition leader, as russian police took him when he arrived in moscow after being treated in germany or poisoning. i 30 say he is accused of violating his terms of a suspended sentence. he is a russian credit of the russian critic of the russian president. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more th
congratulations, mr. president. [applause] francine: the united states inaugurates its 46th president. germany has issues with hospitals, and focused on christine lagarde and the ecb. well, good morning, everyone. this is bloomberg surveillance . we will discuss the battle that joe biden will have on a stimulus package in congress. i am francine lacqua in london. of course, we will get a stimulus bill out of the u.s. we had the testimony that the relief package will actually be spent. the markets are not only focusing on that optimism, as vaccines will accelerate, but global stocks are rising with the dollar. european shares rising. apologies. cyclical stocks as well as banks leading gains. now let s get to the bloomberg first word news. hi, leigh-ann. leigh-ann: good morning, francine. yesterday, more than 180,000 daily debts were announced with a chief executive saying it looks like a war zone. more than one million in the u.k. have had their first dose of the vaccine.